Global Artificial Intelligence (AI) Market to Reach USD 14.2 billion by 2024

Posted on 2018-05-01 by Goldstein Research in Technology // 0 Comments

New York, USA, 2018-May-01 — /EPR Network/ —According to Goldstein Research, global artificial intelligence market is expected to reach USD 14.2 billion by 2023 from USD 525 Milli0n in 2015, growing at a CAGR of 17.2% over the forecast period 2016-2024. Acquisition, mergers and collaborations in IT sector is expected to boost the growth of artificial intelligence market. Artificial intelligence market segmentation has been carried out on the basis of technology type, products, services and end-user. The natural language processing (NLP) segment is expected hold the largest share in near future on the back of rising implementation of NLP in banking and e-commerce industry for the improvement of customer assistance.

Global artificial intelligence market is dominated by North America on the back of adoption of AI technologies in various end-use industries such as manufacturing, media and e-commerce. Moreover, North-America is one of the fastest growing markets in terms of technological advancements, business operations and manufacturing operations. Europe and Asia-Pacific region are expected to be the most opportunistic and growing sector across the globe during the forecast period.

Market Segmentation

On the basis of our in-depth analysis, Global Artificial Intelligence Market can be segmented as follows:

By Technology

Deep Learning
Robotics
Digital Personal Assistant
Querying Method
Natural Language Processing
Context-Aware Processing

By Product

Software
Hardware

By Services

Installation
Training
Support and Maintenance

By End-User Application

Banking, Financial Services & Insurance (BFSI)
Wealth Management
Fraud Detection
Robot-integrated Manufacturing Systems
Automated Virtual Assistants
Manufacturing
Retail
Transportation & Automotive
Healthcare
Health Assistance
Research And Development
Autonomous Guided Vehicles
Product Recommendation
Automated In-store Robot

By Region

North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Artificial Intelligence Market Outlook 2024” contains detailed overview of the global artificial intelligence market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology type, by products, by services and by end-user.

Further, for the in-depth analysis, Global Artificial Intelligence Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as IBM Corporation, Microsoft, Google, Apple, Intel, Amazon, Anki, AI Brain, Iris AI, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global artificial intelligence market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Browse full Report @ https://www.goldsteinresearch.com/report/global-artificial-intelligence-ai-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

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