Global Artificial Intelligence (COVID-19) Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)
The Artificial Intelligence market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, the impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
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Global Artificial Intelligence Market is valued at USD 2189.4 Million in 2018 and expected to reach USD 18087.8 Million by 2025 with the CAGR of 35.21% over the forecast period.
Increasing demand for the digital computation power, data technology and digitization of the various industries are some of the major factors driving the growth of global artificial intelligence (AI) market.
Scope of Global Artificial Intelligence Market Report–
Artificial intelligence is the term used to describe a machine’s ability to simulate human intelligence. Artificial intelligence uses the techniques such as natural language processing, machine learning, adaptive learning, deep learning, and computer vision to analyze enterprise data and provide detailed insights which helps in making informed decisions for enhanced management of the enterprise. It is brining drastic changes in technological fields, where it can be implemented to automate the system for better efficiency and performance. Similarly, in healthcare sector, AI is playing a vital role in empowering the machines to diagnose, analyze and predict the various types of diseases to monitor the patients’ health conditions. And it also helps the scientists to explore the new drug discoveries and medicine development and helps the people to get well soon and avoid health problems in their life. AI is now getting integrated into multiple fields, and further there is too much scope to penetrate in new fields and industries to improve their efficiency and productivity.
Global Artificial Intelligence market report is segmented on the basis of solutions, technology, end-user and regional & country level. Based upon solutions, artificial intelligence market is classified into hardware (HW), software (SW) and services. Based upon technology, artificial intelligence market is classified into deep learning, machine learning, natural language processing and machine vision. Based upon end user, artificial intelligence market is classified into healthcare, BFSI, law, retail, advertising or media, automotive & transportation, agriculture, manufacturing and others.
The regions covered in this Global Artificial Intelligence market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level market of Artificial Intelligence is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Artificial Intelligence Companies–
Google Inc.IBM CorporationAlbert TechnologiesSalesforce.com, Inc.Intel CorporationAmazon.com, Inc.NVIDIA CorporationMicrosoft CorporationSentient Technologies Holdings Ltd.others.
Increasing Demand of the Digital Computation Power, Data Technology and Digitization of the Various Industries are some of the Major Factors Driving the Growth of Global Artificial Intelligence (AI) Market
The growth of the artificial intelligence (AI) market is driven by factors such as increasing demand of the digital computation power, data technology, digitization of the various industries and cloud based services. The evolution of artificial intelligence (AI) techniques and the increased gathering of data require an increasing ability to perform computations. Data technology sector includes solutions for data management, and products or services that are based on data generated by both human and machines. Technology Facts and Stats stated that 8 billion devices will be connected to the internet by 2020. 90% of the world’s data has been created in the last couple of years. Digitization of the industry is also one of the major factors which helps to drive the growth of this market. Digitization is certainly the biggest trend in industrial organizations recently. 91% of industrial companies are investing in digital factories. According to GE Digital Industrial Evolution Index, 80% of industry executives believe the IIoT has the potential to be transformational, and 86% believe digital industrial transformation is critical for growth and competitiveness. However, lack of skilled labor and concerns about data sharing are estimated to hinder the growth of the market. In spite of that, growing demand for enhancing business functions and emerging innovation across industries cam create various growth opportunities for AI solutions in the coming years.
North America is Expected to Dominate the Global Artificial Intelligence Market
North America is expected to dominate the global artificial intelligence market due to the increasing number of internet users, connected devices & rising investment by big technocrats in this region. According to internet stats of web hosting; The United States has the third highest number of internet users by country, with 293 million. Users of all ages, use the Internet in the U.S. However, a greater percentage of younger users are online. The U.S. leads the global technology innovation. Asia pacific is second largest region in this market due to the presence of key AI technology providers coupled with extensive advanced technology adoption across the region. Europe is also expected to show significant growth in artificial intelligence market over the forecast period due to increasing adoption of AI in this region.
Key Benefits for Global Artificial Intelligence Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Artificial Intelligence Market Segmentation:–
By Solution: Hardware (HW), Software (SW), Services
By Technology: Deep Learning, Machine Learning, Natural Language Processing, Machine Vision
By End-user: Healthcare, BFSI, Law, Retail, Advertising & Media, Automotive & Transportation, Agriculture, Manufacturing, Others
By Regional & Country Analysis:
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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What are the key takeaways of this report?
- An exhaustive pricing analysis has been tackled with respect to the product terrain, application spectrum, and regional landscape
- A comprehensive summary about the key market players and prominent companies functioning in the Artificial Intelligence market to understand the competitive prospect of the global market
- Vital information entailing the regulatory scenario the defines the market, alongside the inflow of investments by majority stakeholders in the global market
- An in-depth evaluation of varied trends that are fueling the overall market growth and their influence on the projection and dynamics of the global market
- A descriptive guide that identifies the essential aspects, in tandem with numerous growth opportunities available in the global market
- Well-detailed documentation of a great number of aspects persisting in the global market which will favor important developments
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