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Rosy future predicted for artificial intelligence software market

IT Market Research

This research report analyzes the artificial intelligence software market by type and application to 2022. It profiles key players in the industry like H2O, Braina, nanoRep, Reach Accountant, IPsoft, A.L.I.C.E. AI Foundation, Ada Support, Astute Solutions.

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By 2022, the size of the artificial intelligence market will grow 19+ billion dollars, at an average of +45% from 2016 to 2022.

The development and deployment speed of human-like robots in developing countries has had a significant impact on the AI ​​market overall. Increased productivity, diverse applications, improved customer satisfaction, and greater data integration drive the AI ​​market.

However, the lack of skilled personnel and threats to human dignity and other threats can inhibit market growth.

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Nevertheless, the impact of these factors is expected to be minimal due to the introduction of the latest technology.

This report includes artificial intelligence market research focused on machine learning, natural language processing, image processing, and speech recognition. Fraud screening, oil and gas exploration, sales forecasting, inventory management and public health are among the many applications that have greatly expanded machine learning.

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This report studies the global Artificial Intelligence Software market, analyzes and researches the Artificial Intelligence Software development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like: H2O, Braina, nanoRep, Reach Accountant, IPsoft, A.L.I.C.E.

AI Foundation, Ada Support, Astute Solutions, Axonize and Ideal

The major drivers for the growth are increasingly large and complex datasets and Growing number of AI applications in various end-user industries. Moreover, the increasing adoption of AI-enabled products and software tools to improve consumer services further accelerate its market growth.

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Of all the major end-user industries, transportation and automotive holds the largest share of the artificial intelligence market. The market for the healthcare end-user industry is expected to grow at the highest rate in the artificial intelligence market from 2016 to 2022, followed by the agriculture and media and advertising industry.

The Global market is projected to grow at a CAGR of +45 % by2022, Market segment by Regions/Countries, this report covers: United States, EU, Japan, China, India and Southeast Asia. Market segment by Type, Artificial Intelligence Software can be split into: Deep Learning, Robotics, Digital Personal Assistant, Querying, Method, Natural Language Processing and Context Aware Processing.

Provincially, the report looks into the past performance of the market in developed regions such as North America and Europe, as well as emerging economic powers such as Southeast Asia, China, Japan, and India. The steady support to the medical sector in developed regions is likely to enable their steady dominance in the Global Market in the coming years, but the growing acknowledgment of the high volume of unmet demand in emerging regions has driven the healthcare sector in countries such as China, India, and Japan, notwithstanding other dynamic economies in the region such as South Korea, Malaysia, and Indonesia.

An assessment of the market attractiveness with regard to the competition that new players and products are likely to present to older ones has been provided in the publication. The research report also mentions the innovations, new developments, marketing strategies, branding techniques, and products of the key participants present in the global Artificial Intelligence Software market.

To present a clear vision of the market the competitive landscape has been thoroughly analyzed utilizing the value chain analysis. The opportunities and threats present in the future for the key market players have also been emphasized in the publication.

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The major growth drivers, challenges, and trends influencing the global Artificial Intelligence Software market are inspected at length. The report also presents a thorough qualitative and quantitative data affecting to the projected impact of these factors on market’s future growth prospects.

A number of analysis tools such as Porter’s five forces analysis and SWOT analysis have been employed to provide an accurate understanding of this market. Also, the report is compiled in a way for the readers and customers to understand better.

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