Pune, India, August 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Artificial Intelligence In Workspace Market.
The need to merge fast and iterative processing with enormous amounts of data is motivating the AI in workspace market. Reports that investigate the information and communication technology industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is set to be driven by a CAGR of 41 % through the forecast period.
The rise in smart devices is encouraging the accelerated development in the AI in workspace market. The presence of well-established competitors is creating further momentum for the growth of the market. Moreover, the demand for the digital transformation of businesses is expected to open up new growth prospects for the market for AI in workspace.
The study of the segments in the AI in workspace market comprises of technology, components, vertical and region. On the basis of components, AI in workspace market is segmented into software, hardware, and services. The software segment is additionally segmented into AI solutions and AI platforms. The AI solutions market is further sub-segmented as on cloud and on-premise. Based on technology, the AI in Workspace is segmented into natural language processing (NLP), speech recognition, machine learning, image recognition, and context aware computing. On the basis of vertical, the AI in workspace market is segmented into manufacturing, BFSI, healthcare and pharmaceutical, automotive and transportation, IT & telecommunication, retail, and others. Based on the region, the AI in Workspace market is segmented into Europe, North America, Asia Pacific, and the rest of the world.
Detailed Regional Analysis
The market for AI in workspace covers regions such as Europe, North America, Asia Pacific, and rest of the world counting the Middle East, Africa, and Latin America. Among the regions stated, the North American region is assessed to have the principal market stake through the forecast period. The chief factor adding towards the development of AI in Workspace market is the growing investment in research and progress of AI technologies, the digital revolution of businesses as well as an upsurge in demand for intelligent virtual assistants. The technologically progressive nations in the European and North American region are using this technology. The emerging countries in APAC region have begun the implementation of this technology on a huge scale. Though the technology is in the beginning stages in the APAC region, as it is anticipated to grow with the highest CAGR.
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The improvement of substitute raw material resources is likely to further concentrate on the supply demands in the market. The progress in the efficacy of production facilities is buttressing the market’s growth pace in the coming years. Also, inventions in technology are anticipated to exercise a constructive inspiration on the enhancement of the market. The influence of governmental plans is stirring additional evolution of the market. The revivals carried out in the logistic chain are projected to produce favorable possibilities for progress in the coming period. The instabilities in global currency are predicted to become stable and consequently place a beneficial impact on the market. The upturn of investment into physical capital is estimated to underpin the market’s growth in the forecast period. The market is being distinguished by the instrumental forces that are applying an imposing influence. The upgrades in the mining of natural resources are further supporting market expansion advancement.
Nvidia (US), SAS (US), Microsoft (US), IBM (US), General Electric (US), Siemens (US), Rockwell Automation (US), Google (US), Oracle (US), Micron Technology (US), Samsung Electronics (South Korea), Verint Systems Inc. (US), Intel (US), Gumgum (US), Baidu Inc. (China), Ec2ce (Spain), Wave Computing (US), Atomwise (US), Aibrain (US), Cisco (US), Didi Chuxing (China), Face++ (China), Mythic (US), Applied Brain Research (Canada), Pilot AI Labs (US), Gamaya (Switzerland), Precision Hawk (US), and Appier (China) are a few of the major contenders in the AI in workspace market.