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Artificial intelligence market set to grow according to forecasts

IT Market Research

The AI market growth is mainly driven by factors such as the increasing adoption of cloud-based applications and services, growing big data, and increasing demand for intelligent virtual assistants. The major restraint for the market is the limited number of AI technology experts.

Artificial Intelligence (AI) market size will grow from USD 15.7 Billion in 2017 to USD 98.8 Billion by 2023, at an estimated CAGR of 35.8%.

The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

In this report, the size of the Artificial Intelligence (AI) market has been arrived at based on segments such as offering, technology, end-user industry, and geography. On the basis of offerings, the Artificial Intelligence (AI) market has been segmented into hardware, software, and services.

The adoption of AI is rapidly increasing in various applications. As AI is a complex technology requiring the implementation of sophisticated algorithms, AI-based systems require deployment and integration, and support and maintenance services.

Also, most companies that manufacture and develop AI-based systems and related software provide both online and offline support, depending on the application.

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Artificial Intelligence (AI) Market globally is witnessing good traction which is evident by the Global Artificial Intelligence (AI) Market report. The report provides the customers a thorough coverage of the Artificial Intelligence (AI) Market performance over the last 5 years, and an accurate estimation of the market performance substantiated by the observed market trends over the years.

Furthermore, the report covers accurate projection of the Artificial Intelligence (AI) Market for the forecast period of 2018 – 2023. Moreover, the report covers other key statistics such as CAGR, market volume, market value in millions.

Artificial Intelligence (AI) Market By Major Key Players:
Intel, Nvidia, Samsung Electronics, Xilinx, Micron Technology, IBM, Microsoft, Google, Amazon Web Services (AWS), Facebook, Baidu, Oracle, Salesforce, SAS, SAP, General Electric, Cisco, Rockwell, Siemens, General Vision

Artificial Intelligence (AI) Market By Offering
Hardware , Software , Services , ,

Artificial Intelligence (AI) Market By Technology
Machine Learning , Natural Language Processing (NLP) , Context-Aware Computing , Computer Vision,

Artificial Intelligence (AI) Market By End-User Industry
Healthcare , Manufacturing , Automotive , Agriculture , Retail 

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The global Artificial Intelligence (AI) Market report covers the overview of the market which provides the customer detailed information about the Artificial Intelligence (AI) Market such as the different types of products, the applications of the products and their performance in the market. This can help the customer relate to the market and gain requisite insights into the Artificial Intelligence (AI) Market for better understanding and planning.

The global Artificial Intelligence (AI) Market is segmented into various regions. Each region is individually analyzed and then pitted against one another to conclude as to which region is the leading region in the Artificial Intelligence (AI) Market in terms of value, volume, and market share.

Furthermore, the region which is recording the fastest growth rate is also covered.

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The type with the fastest growth rate for the forecast period and the type holding the highest market share are mentioned in the report along with a detailed analysis of each type in the global Artificial Intelligence (AI) Market report. The report also covers the key companies fighting it out in the Artificial Intelligence (AI) Market across the globe.

With the intense competition present in the Artificial Intelligence (AI) Market, the customer should be well informed of the competition and what is to be faced ahead.

Apart from this, the report also covers the rest of the Artificial Intelligence (AI) Market analysis such as market analysis, downstream customers, consumption, sales, price, and gross margin. Customer looking to buy this report presented by Orbis Research will receive the best collation of data and statistics about the Artificial Intelligence (AI) Market and can gain actionable insights through the well prepared report.

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