Artificial Intelligence Market Size and Growth
Rate:
The Global Artificial Intelligence Market Size is expected to reach
USD 169,411.8 million by 2025, from USD 4,065.0 million in 2016, with a CAGR of
55.6% from 2017 to 2025.
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Artificial Intelligence Market @ https://www.researchcosmos.com/reports/artificial-intelligence-market/22661261
Artificial Intelligence Market Drivers,
Challenges and Opportunities:
Artificial intelligence (AI) is one of the
fastest growing technologies in the recent years. The AI is related to human intelligence
with similar characteristics, such as language comprehension, reasoning,
learning, problem solving, etc.
As the
adoption percentage of Big Data and the artificial intelligence increases,
the worldwide market has many advantages. A variety of end-use industries have
also increased demand in this market through artificial intelligence, such as
the analysis of trade and business. The need for AI has also expanded as the
need for mechanical interpretation, acceptance of protest questions and observations
increases. The ability of this technology to efficiently analyze the data
collected and predict decisions through critical algorithms helps improve
productivity. In today's business scenarios, AI has revolutionized the way
business is managed by integrating workflow management tools, brand
advertising, trend forecasting and other tools. This is a key factor in
increasing the market investment of AI technology and learning. Market makers
are witnesses of a huge fundamental intellectual challenge in the development
and modification of these technologies.
However,
low adoption rates and lack of expertise may prevent the growth of this market.
The high cost development costs of installing an artificial intelligence system
can also limit the performance of the market. Also, the ability of advanced
parallel processing and the increase in data storage limitations can minimize
these restrictions and accelerate the growth of the market. Many companies of
small companies and technology companies have also invested in the adoption of
the open source AI platform to achieve greater efficiency in the value chain.
On the other hand, it is also expected that the growing availability of low-cost
artificial intelligence technologies will contribute to market opportunities.
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Artificial Intelligence Market Geographical
Segmentation:
From a
geographic point of view, the global artificial intelligence market is targeted
at Asia Pacific, Latin America, North America, Europe, and Middle East and
Africa. Of these regions, North America has a market share of 38.0%. In the
near future, it is expected that the Middle East and Africa show a high growth
rate of 38.2%. With the popularization of robot automation and the active use
of advanced technology, demand for this market will increase even more. The
region will also create favorable growth opportunities in the AI market and
help build advanced airport construction projects and others.
Keyplayers of the Artificial
Intelligence Market:
Among the main industry participants in
the world market are Google Inc, Intel
Corporation, Nvidia Corporation, Microsoft Corporation, IBM Corporation,
General Vision, Inc,Qlik Technologies Inc,MicroStrategy, Inc, Brighterion, Inc,
Baidu, Inc
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