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Artificial Intelligence Market, By Solution, Companies, Forecast


Artificial Intelligence Market will be US$ 284.40 Billion by 2026. Global Forecast, Impact of COVID-19, Industry Trends, by Solution, Technology, Region, Opportunity Company Analysis. – PowerPoint PPT presentation

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Title: Artificial Intelligence Market, By Solution, Companies, Forecast

Artificial Intelligence Market
Artificial Intelligence Market
Report Description and Highlights
Today, artificial intelligence platform has
become a way for computer systems to perform
tasks like human intelligence including
decision-making and speech recognition. Globally,
problem-solving, social intelligence and general
intelligence is being achieved with the help of
the artificial intelligence platform. Moreover,
rising high-level computer languages is helping
various industries to work efficiently on the
artificial intelligence platform. According to
the Renub Research, Global Artificial
Intelligence Market will be US 284.40
Billion by 2026.
Artificial Intelligence Market
Artificial Intelligence Market
By Solution Artificial Intelligence Market
revolves around hardware, software and services.
In recent years, artificial intelligence services
are at the forefront of all innovations and will
continue to remain so during the forecast years.
Artificial intelligence services cover
installation, integration, maintenance support
projects. With the escalating abundance of
enterprises and competition, companies have
rigorously integrated artificial intelligence
(AI) technology into their services. For
instance, the BFSI industry has increasingly
adopted artificial intelligence services to
enhance operational efficiency and enable a rich
consumer experience.
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Artificial Intelligence Market
Artificial Intelligence Market
Global Artificial Intelligence Market 2020 - 2026
Artificial Intelligence Market
Artificial Intelligence Market
Besides, software solutions promise advancements
in information storage capacity, high computing
power, and parallel processing capabilities to
achieve high-end artificial intelligence software
in dynamic end-use verticals. Notwithstanding,
artificial intelligence software solutions
include libraries for designing and deploying
artificial intelligence applications, such as
linear algebra, primitives, inference, video
analytics, sparse matrices, and multiple hardware
communication capabilities. As per our analysis,
Global Artificial Intelligence Industry is
anticipated to expand at a tremendous CAGR of
29.44 during the forecast period 2020-2026. By
Chip Type Artificial intelligence includes
chipsets such as Graphics Processing
Unit (GPU), Application-Specific Integrated
Circuit (ASIC), Field-Programmable Gate
Array (FPGA) and Central Processing
Unit (CPU). An application-specific integrated
circuit (ASIC) dominates the artificial
intelligence chip segment, specially built for a
specific application or purpose. It is
specifically designed for a particular
application compared to a logic device or a
standard logic integrated circuit. It has also
been made smaller, and it uses less electricity.
Artificial Intelligence Market
Artificial Intelligence Market
The artificial intelligence market inculcates
machine learning, natural language processing,
image processing, and speech recognition by
technology. Machine learning covers notable
investments in artificial intelligence. It covers
both artificial intelligence platforms and
cognitive applications, including tagging,
clustering, categorization, hypothesis
generation, alerting, filtering, navigation,
visualization, facilitating advisory,
intelligent, and cognitively equipped solutions.
As per our estimation, Worldwide Artificial
Intelligence Market Size was US 60.46
Billion in 2020. Geographic Analysis of
Artificial Intelligence Trends The worldwide
artificial intelligence market is segmented into
North America, Europe, Asia-Pacific, Latin
America, the Middle East and Africa. North
America is a significant contributor owing to
rising government initiatives and investments in
the market. Further, in the Asia Pacific, China
demonstrates increasing investments in artificial
intelligence technology to provide robust
results. Likewise, India can gain traction due to
the government's pilot project to implement
artificial intelligence in the agriculture and
healthcare industries. The rest of Asia Pacific
countries like Bangladesh, Vietnam, and Indonesia
are also expected to grow at a good pace.
Artificial Intelligence Market
Artificial Intelligence Market
Company Analysis Globally, artificial
intelligence vendors have implemented various
types of organic and inorganic growth strategies,
such as new product launches, product upgrades,
alliances and affiliations, mergers and
acquisitions to strengthen their offerings in the
market. The major companies in the global
Artificial Intelligence market include Google
Inc., IBM Corp., Microsoft Corporation, Baidu
Inc., Xilinx, Inc., Cisco Systems, Inc., Nvidia
Corporation and Intel Corporation. COVID-19
Analysis Although the novel coronavirus outbreak
pandemic has caused a massive impact on
businesses and humankind. Still, the pandemic has
emerged as an opportunity for Artificial
Intelligence Market to fight against the
epidemic. Numerous tech giants and start-ups are
operating on barring mitigating and containing
the virus. Furthermore, the COVID-19 outbreak is
foreseen to spur the market germination of
next-generation tech domains, including
artificial intelligence, owing to the mandated
work-from-home (WFH) policy due to this pandemic.
Artificial Intelligence Market
Artificial Intelligence Market
Also, tech companies are extending their product
offerings and assistance to broaden availability
across the globe. For instance, in April 2020,
Google LLC launched an AI-enabled chatbot called
Rapid Response Virtual Agent concerning call
centres. This chatbot is created to respond to
concerns customers might be experiencing due to
the COVID-19 outbreak over voice, chat, and other
social channels. Renub Research latest
report Artificial Intelligence Market, Global
Forecast By Solution (Hardware, Software and
Services), Technology (Machine Learning, Image
Processing, Natural Language Processing and
Speech Recognition), Chip Type (Graphics
Processing Unit (GPU), Application Specific
Integrated Circuit (ASIC), Field-Programmable
Gate Array (FPGA), Central Processing Unit (CPU),
Others), Region (North America, Europe,
Asia-Pacific, Latin America, Middle East and
Africa), Companies (Google Inc., IBM Corp.,
Microsoft Corporation, Baidu Inc., Xilinx, Inc.,
Cisco Systems, Inc., Nvidia Corporation and Intel
Corporation) provides a detailed analysis of
Global Artificial Intelligence Industry.
Artificial Intelligence Market
Artificial Intelligence Market
Solution Global Artificial Intelligence Market
has been covered from 3 viewpoints 1.  
 Hardware 2.    Software 3.  
 Services Technology Global Artificial
Intelligence Market has been covered from 4
viewpoints 1.    Machine Learning 2.    Natural
Language Processing3.    Image Processing 4.  
 Speech Recognition Chip Type Global
Artificial Intelligence Market has been covered
from 5 viewpoints 1.    Graphics Processing
Unit (GPU)2.    Application-Specific Integrated
Circuit (ASIC)3.    Field-Programmable Gate
Array (FPGA)4.    Central Processing Unit
(CPU)5.    Others
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Artificial Intelligence Market
Artificial Intelligence Market
Global Artificial Intelligence Market Share () -
by Region (2021 - 2026)
Source Renub Research Analysis Note
These are dummy figures actual data given in the
Artificial Intelligence Market
Artificial Intelligence Market
Region Global Artificial Intelligence Market
has been covered from 5 viewpoints 1.    North
America 2.    Europe3.    Asia-Pacific 4.  
 Latin America5.    Middle East and
Africa Company Insights     Overview   
 Recent Development Strategies    Financial
Insight Company Analysis 1.    Google
Inc. 2.    IBM Corp.3.    Microsoft
Corporation 4.    Baidu Inc.5.    Xilinx,
Inc. 6.    Cisco Systems, Inc.7.    Nvidia
Corporation 8.    Intel Corporation
Artificial Intelligence Market
Artificial Intelligence Market
All companies have been covered from 3
viewpoints     Overview    Recent
Development    Revenue Company Analysis 1.  
 Toyota Boshoku2.    Faurecia Magna
International 3.    Inc., Lear Corporation4.  
 Johnson Controls5.    Grammar AG.
Artificial Intelligence Market
Artificial Intelligence Market
Artificial Intelligence Market
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Artificial Intelligence Market
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