Artificial Intelligence Market Performance Canvassed & Forecast by M&M in New Research Report Published at MarketPublishers.com
24 Feb 2016 • by Natalie Aster
LONDON – The world market for artificial intelligence (AI) is poised to reach USD 5.05 billion by 2020, registering a CAGR of 53.65% during the period from 2015 till 2020. In the foreseeable future, diversification of application areas is predicted to be one of the major market growth driving factors along with improved productivity as well as increased customer satisfaction.
The global AI market is set to demonstrate remarkable growth in the offing also owing to escalating demand for AI solutions from finance, advertising and media sectors. Machine learning technology is likely to gain the maximum traction through 2020.
Region-wise, APAC AI market is anticipated to witness the highest growth rates during 2016-2020. Growth in this regional market is expected to be driven by expanding adoption of the machine learning technology in various sectors together with rising usage of natural language processing technology.
IBM Corp., Google, Zephyr Health, Rocket Fuel, Microsoft Corp., Mobileye N.V., Sentient Technologies are some of the major companies active in the AI market.
New comprehensive research report “Artificial Intelligence Market by Technology” by MarketsandMarkets (M&M) delves deep into the world AI market and presents updated statistics on the current, historical and forecast performance of the AI market at various geographical scales. It explores the competitive landscape, providing valuable data on competitors’ performance, new product developments, partnerships, mergers and acquisitions. Moreover, a close overview of the key market drivers, restraints, challenges and opportunities up to 2020 is at hand in the study. The report also contains a detailed global AI market assessment on the basis of technology, application and region.
Artificial Intelligence Market by Technology (Machine Learning, Natural Language Processing, Image Processing, and Speech Recognition), Application (Advertising & Media, Finance, Retail, and Others), & Geography - Global Forecast to 2020
Published: February, 2016
Price: US$ 4,650.00
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