Global Artificial Intelligence Market, by Service (Robots, Speech recognition, Gesture control), by System Type (Artificial neural network, Embedded systems), by Application (Media, Education, Automotive, Healthcare) - Forecast 2027
Objective of Artificial Intelligence Market Study:
- To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the Global Artificial Intelligence market.
- To provide insights about factors affecting the market growth.
- To Analyze the Artificial Intelligence Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by system type, by services, by applications and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Artificial Intelligence market.
Market Synopsis of Artificial Intelligence Market:
The major growth driver of Artificial Intelligence Market includes growing demand for AI in sectors such as media & advertising and financial, growing need for improving productivity by organization to increase customer satisfaction, and rising IOT sector among others.
Hence the market for Artificial Intelligence is expected to grow at XX% CAGR (2016-2027).
However, lack of expertise and high initial cost is one of the major factors which are hindering the growth of Artificial Intelligence Market.
Global Artificial Intelligence Market can be segmented as follows:
Segmentation by System Type: artificial neural network, digital assistance system, automotive robotics system, and embedded system among others.
Segmentation by Services: speech recognition, gesture control, robots, and language processing among others.
Segmentation by Application: Education, oil & gas, automotive, healthcare, media, and aerospace among others.
Regional Analysis of Artificial Intelligence Market:
North America is expected to dominate the Global Artificial Intelligence Market with the largest market share due to growing usage of AI in aviation, defence and financial sector in the region, moreover U.S. is one of the biggest market share in the region, and therefore accounting for $XX million and is expected to grow over $XX billion by 2027. Artificial Intelligence Market in Asia-Pacific market is expected to grow at CAGR of XX% from $ XX million in 2016 to $XX million by 2027. The Europe market for Artificial Intelligence Market is expected to grow at XX% CAGR (2016-2027).
Some of the major players in Global Artificial Intelligence Market include IBM Corporation (U.S.), Google Inc. (U.S.), Brighterion Inc. (U.S.), Microsoft Corporation (U.S.), Facebook (U.S.) , Qualcomm (U.S.), Rocket Fuel Inc. (U.S.), Kensho Technologies, Inc. (U.S.), Salesforce (U.S.), Infosys (India) and Sentient Technologies (U.S.)among others.
- IBM has announced about its minority ownership in UPMC’s supply chain center, Pensiamo on July 2016. IBM and UPMC are going to apply artificial intelligence machine learning solution to this supply chain center.
- Microsoft has announced on July 2016 that it is now using artificial intelligence to provide office a spell check feature on steroids.
- North America
- Latin America
- Western Europe
o Rest of Western Europe
- Eastern Europe
o South Korea
o Rest of Asia Pacific
The Middle East & Africa
The report for Artificial Intelligence market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.