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Research delivers insight into the global artificial intelligence market

Industrial Market Research

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.

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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.