Artificial Intelligence Market Competitive Analysis, Segmentation and Opportunity Assessment; (2020 - 2027)

 

Market Size – USD 29.50 billion in 2019, Market Growth - CAGR of 36.2%, Market trends –Growing investment in research and development.

The global Artificial Intelligence Market is expected to reach USD 348.99 Billion by 2027, according to a new report by Emergen Research. The increasing need for understanding consumer needs and market trends is one of the major factors driving the market growth. Moreover, the extensive adoption of smartphones, along with the popularity of social media, will also boost the growth of the market in the coming years.

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Key Highlights From The Report

Machine learning comes with a wide range of applications across several industries, such as the banking and financial sector, healthcare, retail, publishing, and social media, among others. It is used to analyze the relevance of advertisements and contents based on users’ preferences. It held a market share of 32.6% in the year 2019.

The revenue generated by the software segment is the result of the extensive use of these tools in analyzing hidden data sets and data patterns from large datasheets.

Artificial intelligence can help reduce construction costs in many ways. For example, the use of virtual reality goggles and mini-robots into buildings under construction to track the work as it progresses. AI is also being used today to design the routing of electrical and plumbing systems in modern buildings. Artificial intelligence is also beneficial for the development of safety systems at work sites, which reduces the risks of hazards and accidents.

North America dominated the market owing to the rapid technological advancements and increasing government investments in the development of artificial intelligence (AI). Moreover, the presence of some of the leading players of the market in the region will also drive the growth of the market in the region.

Key participants include Samsung Electronics, Intel, Xilinx, NVIDIA, IBM, Micron Technology, Microsoft, Amazon Web Services (AWS), Google, and Facebook, among others.

Scope of the report:         

In addition, the study on the Artificial Intelligence market for the forecast period, 2020 – 2027 quantifies the share occupied by the prominent players of the industry and enlightens the business owners from the fast-growing investment pockets and competitive landscape. Furthermore, the industry is classified into various segments with a detailed assessment of each and every aspect such as gross margin, profits, import and export status and others. All vital statistics are presented with the help of charts, tables and graphic images, which can be easily incorporated into any business presentation.

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Offering Outlook (Revenue, USD Billion; 2017-2027)

1. Hardware
2. Processors
3. Memory
4. Network
5. Software
6. AI Platforms
7. AI Solutions
8. Services
9. Deployment & Integration
10. Support & Maintenance

Technology Outlook (Revenue, USD Billion; 2017-2027)

1. Machine Learning
2. Deep Learning
3. Supervised Learning
4. Unsupervised Learning
5. Reinforcement Learning
6. Generative Adversarial Networks (GANS)
7. Others
8. Natural Language Processing (NLP)
9. Context-Aware Computing
10. Computer Vision

End-User Industry Outlook (Revenue, USD Billion; 2017-2027)

1. Healthcare
2. Manufacturing
3. Agriculture
4. Automotive
5. Retail
6. Human Resources
7. Security
8. Marketing
9. Construction
10. Law
11. Fintech

The market intelligence report further offers hard to find data derived from attractiveness analysis that narrates a lot about the products, regions and applications expected to generate more revenue. The research contains the details about the latest events in the Artificial Intelligence market including but not limited to the product launches, acquisition and mergers, collaborations and technology advancements with an aim to help business evangelists, product owners and marketing personnel understand what the future demands, customer preferences, consumption volume, production capacity and supply chain management of the Artificial Intelligence market will be like.

The global Artificial Intelligence market is geographically categorized into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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