Pune, India, January 30, 2019, MRFR Press Release/Market Research Future published a half-cooked research report on the Global AI Software Platform market.
AI Software Platform is a software architecture or framework which allows software to run on. This platform includes application frameworks. The major factors that contribute the market growth is the increase in investment in research and development of AI technology, and the technological advances in deep neural networks. The global AI Software Platform is segmented into Solution and Services. The Solution market size is estimated to have larger market size and also increase at highest CAGR in the estimated period.
The market for AI Software Platform is estimated to grow at from $ 2.75 billion at a CAGR of 28.1% during the forecast period from 2018 to 2023. The geographical analysis of AI Software Platform market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
North America holds the largest market share and is expected to continue this dominance during the forecast period. Further to this, Europe closely following North America in terms of revenue generation considering Europe to be an advanced region in terms of technology and its adoption. North America has one of the highly developed IT sectors in countries like the US, has greater adoption of AI technology.
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The key players in the AI Software Platform market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are— Intel (US), Nvidia (US), Microsoft (US), IBM (US), Google (US), SAP (US), Amazon Web Services (US), Wipro (India), Infosys (India), Ayasdi (US), Qualcomm (US), Salesforce (US), Playment (US), H2O.ai (US), Infrrd Inc. (US).
Apart from the top key players, the other players contribute nearly 20–25 % in the AI Software Platform market. These include Cleo AI Ltd. (UK), DigitalGenius (UK), Babylon Health (UK), AIBrain (US), iCarbonX (China), CloudMinds (US), Palantir (US), Digital Reasoning Systems, Inc. (US), and others.