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Artificial Intelligence Market


Global Artificial Intelligence Market is projected to be valued $43 Billion by 2024; with a CAGR of 59.6% from 2017 to 2024. Artificial intelligence (AI) is a branch of computer sciences that emphasiz – PowerPoint PPT presentation

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Title: Artificial Intelligence Market

Global Artificial Intelligence Market
  • Published by Accurize Market Research Pvt. Ltd

Global Artificial Intelligence Market is
projected to be valued 61 Billion by 2024 with
a CAGR of 61 from 2017 to 2025
  • Demand for unmanned aerial vehicles to drive the
  • Rising demand for unmanned aerial vehicles,
    autonomous cars, civil aviation for vehicle
    tracking, and monitoring auto control are the
    key aspects driving the market. But the lack of
    low-cost energy-efficient hardware among small
    medium businesses may restrict the market
    growth. Moreover, ongoing RD, and implementation
    of ITS (intelligent tutoring systems) in the
    learning process is also expected to create
    growth opportunities for the market in the
    predicted period.
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Market Segmentation
  • The Artificial Intelligence market is categorised
    into technology, end-user, and geography. By
    technology segment, the market is divided into
    deep learning, machine learning, natural language
    processing, and machine vision. The end-use
    segment is further divided into healthcare, BFSI,
    law, retail, advertising media, automotive and
    transportation, agriculture, manufacturing, and
    other end users.
  • On the basis of geography, the market is
    segmented into North America, Europe, Asia
    Pacific, and Rest of the World (RoW). U.S.,
    Canada, and Mexico are covered by North America.
    Europe consists of UK, Germany, France, Italy,
    and Rest of Europe. Asia-Pacific is divided into
    India, China, Japan, South Korea, and Rest of
    Asia- Pacific, while RoW is bifurcated into South
    America, Middle East, and Africa.
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Healthcare accounted for the largest market share
in the end-user segment
  • Healthcare is expected to achieve the fastest
    CAGR throughout the forecast period i.e. 2017
    2025. The growth is attributed owing to the
    growing application of AI technologies in disease
    diagnosis, and patient care. Besides, Artificial
    Intelligence is also broadly used in clinical
    trials, advisory boards, congress planning,
    promotional outreach, and for helping untapped
    sales prospects among others. Also, natural
    language processing accounted for the major
    artificial intelligence market share in the
    technology segment in 2017, due to increasing
    operation of NLP for the development of consumer
    services in retail sector.

North America dominated the global market with
the highest market share over the forecast period
  • North America accounted for the largest market
    share of 48.9 and is anticipated to grow at the
    fastest CAGR during the forecast period 2017
    2025. The growth is seen due to wide applications
    of Artificial Intelligence in end-use industries
    such as media and advertising, agriculture,
    transportation automotive, BFSI, consumer
    electronics, and retail among others.

Top players in the market
  • Major companies operating in the market include
  • IBM Corporation
  • Microsoft Corporation
  • NVIDIA Corporation
  • Intel Corporation
  • Qlik Technologies
  • Brighterion
  • MicroStrategy
  • IPsoft
  • Next IT Corp

Contact Us
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