Global Artificial Intelligence Market by Solution (Hardware, Software, Services), Technology (Deep Learning, Machine Learning, Natural Language Processing, Machine Vision, and ASI & AGI), by End-Use (Healthcare, BFSI, Law, Retail, Automotive & Transportation, Agriculture, Manufacturing, Media & Entertainment, and Others), and by Geography - Opportunities & Forecast 2016-2025
The global artificial intelligence market was estimated to be USD 4,157.6 million in 2016 and is projected to reach USD 153,389.0 million by the end of 2025, exhibiting a CAGR of 49.3% during the 2016-2021 on account of factors such as increase in adoption of artificial intelligence solutions across a broad range of industries, rise in demand for analysing and interpreting large amount of data as well as development and acceptance of technologically advanced artificial intelligence solutions for upgrading consumer services. The above stated reasons are likely to positively impact the market in the coming years.
On the basis of solution, software segment held the largest share in 2016 due to increased usage in artificial intelligence applications such as video analytics, sparse matrices, inference, among others. On the basis of end-use, media and advertising segment commanded the market in 2016 and is forecast to witness the substantial CAGR during 2016–2025.
North America grabbed the largest share in the market in 2016 owing to rising applications in the end-use verticals majorly in media & advertising, automotive & transportation, healthcare, BFSI, retail coupled with high government funding. On the other hand, Asia-Pacific artificial intelligence market is expected to grow at the highest CAGR from 2016-2025.
China and Japan are the key countries in the region.
The research report “global artificial intelligence market” provides in-depth analysis of global artificial intelligence market based on solution, technology, end-use and major geographies from the period 2016 to 2025. The report highlights the major market drivers pushing the growth and challenges faced by market participants.
The research report provides market size and forecast for artificial intelligence market. Further, the report also analyses the competitive landscape and the major players and their market share in 2016.
The competitive landscape section of the report also captures and states the recent development in the market.
Additionally, the report has also covered profiles of the major companies active in the field, including Google Inc., IBM Corporation, Microsoft Corporation, Nvidia Corporation, Intel Corporation, Baidu Inc., Apple Inc., Facebook, Atomwise Inc., Sentient Technologies Holdings Limited
Global Artificial Intelligence Market by Solution • Hardware • Software • Services
Global Artificial Intelligence Market by Technology • Deep Learning • Machine Learning • Natural Language Processing • Machine Vision • AGI & ASI
Global Artificial Intelligence Market by End-Use • Healthcare • BFSI • Law • Retail • Automotive & Transportation • Agriculture • Manufacturing • Media & Advertising • Others
Global Artificial Intelligence Market by Geography • North America (US and Canada) • Europe (Germany, France and the UK) • Asia-Pacific (China, Japan and South Korea) • RoW
Global Artificial Intelligence Market Competitive Landscape • Major Players and their Business Strategies • New product launches • Mergers and acquisitions • Collaborations, partnerships, agreements and joint ventures
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