Artificial Intelligence Market

AI market
Artifical Intelligence market

Global Artificial Intelligence Market is anticipated to reach USD 35,870.0 million by 2025. Artificial Intelligence (AI) is the intelligence presented by machines. It is also known as “Machine Intelligence”. The factors that propel the growth of the Artificial Intelligence (AI) industry include widespread applications in agriculture, BSFI, manufacturing, etc. Also, Artificial Intelligence finds its driving force in consumer services, big data, and growing demand for intelligent virtual supporters. On the other hand, there are factors that may hamper the growth of the market including high cost. Artificial Intelligence Market is anticipated to grow at a significant CAGR of 57.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The artificial Intelligence industry may be explored by solution, technology, end-users, and geography. The market may be explored by solution as Software (SW), Hardware (HW), and Services. The industry could be explored based on end users as Manufacturing, Healthcare, Automotive, Agriculture, Security, Retail, Fintech, Human Resources, Law, and Marketing. The “Healthcare” segment led the market in 2017 and is anticipated to maintain its dominance by 2025 owing to rising adoption of Artificial Intelligence in diagnostic care, patient care, and drug discovery. Artificial Intelligence is also used in clinical trials, advisory boards, and congress planning.

Artificial Intelligence Solution Outlook (Revenue, USD Million, 2014 – 2025)

  • Hardware (HW)
  • Software (SW)
  • Service

Artificial Intelligence Technology Outlook (Revenue, USD Million, 2014 – 2025)

  • Deep Learning
  • Machine Learning
  • Natural Language Processing
  • Machine Vision

The artificial Intelligence industry may be explored by solution, technology, end-users, and geography. The market may be explored by solution as Software (SW), Hardware (HW), and Services. The industry could be explored based on end-users as Manufacturing, Healthcare, Automotive, Agriculture, Security, Retail, Fintech, Human Resources, Law, and Marketing. The “Healthcare” segment led the market in 2017 and is anticipated to maintain its dominance by 2025 owing to the rising adoption of Artificial Intelligence in diagnostic care, patient care, and drug discovery. Artificial Intelligence is also used in clinical trials, advisory boards, and congress planning.

Some of the key players that fuel the growth of the AI industry comprise Life graph, Atom wise, Inc., Sense.ly, Inc., Baidu, Inc., Zebra Medical Vision, Inc., H2O ai, NVIDIA, IBM Watson Health, Enlitic, Inc., Intel Corporation, Microsoft Corporation, and Google, Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Source: https://express-press-release.net/news/2020/12/07/815498

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