Artificial Intelligence (AI) Market 2018
Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Artificial Intelligence (AI) Market 2018
Artificial Intelligence (AI) Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 Artificial Intelligence has the potential to change the world around us by modernizing the way we communicate; work and conduct are daily life. The market is growing at a faster pace with a double digit CAGR. Organizations are adopting artificial intelligence technology to extract valuable insights from data for developing innovative products and improving customer experience. The technology is in demand owing to due to its complex, data-driven applications such as voice and image recognition. According to a recent study report published by the Market Research Future, The global market of Artificial Intelligence is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022). The major growth driver for the artificial intelligence market is the algorithms like deep learning and its hierarchical pattern recognition acts as a major force driving the adoption of AI. Software such as RStudio and Sentient, were the first to adopt artificial intelligence. Adoption of AI in hardware is most significant factor boosting market growth. For example Qualcomm’s new neural processing unit (NPU), Nvidia’s deep learning chip, and IBM’s TrueNorth neuromorphic computing platform, more chips are being developed to enable faster and more powerful AI.
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Artificial Intelligence (AI) Market 2018
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Artificial Intelligence (AI) Market Research Report - Global Forecast
2023�
The Artificial Intelligence Market appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
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Artificial Intelligence (AI) Market 2018 Segmentation: On the basis of system type, the market is segmented into artificial neural networks, digital assistant system, automotive robotics system, and embedded system.
On the basis of services, the market is segmented into speech recognition, gesture control, robots, and language processing among others. On the basis of application, the market is segmented into education, oil & gas, automotive, healthcare, media and entertainment, and aerospace among others.
Browse Report @ https://www.marketresearchfuture.com/reports/artificial-intelligence-market-1139
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Artificial Intelligence (AI) Market 2018 Application & Major Players in this Research: Artificial Intelligence (AI) Market Prominent Players:
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. Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/1139
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Artificial Intelligence (AI) Market 2018 Artificial Intelligence (AI) Market Competitive Analysis Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: North America is dominating the global artificial intelligence market with the largest market share and therefore accounting for the highest revenue amounts. This market is expected to grow due to various factors such as growing use of artificial intelligence in aviation, defense and financial sector of the North American region. The higher implementation of AI technologies in various industrial sectors like manufacturing, media and entertainment, and healthcare is the major reason fueling the growth of the artificial intelligence market in North America. Companies like Tesla, Apple and IBM are innovating to install artificial intelligence enabled chipsets and processors in automobiles, smartphones, and medical equipment. Europe holds the second position in the global artificial intelligence market due to the growing demands for artificial intelligence such as fast and easy document control and ondemand access to data. Additionally, many public and private organizations have been collecting domain-specific information comprising issues such as cybersecurity, medical informatics, marketing, fraud detection, and national intelligence.
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