Artificial Intelligence Market by Technology (Machine Learning, Natural Language Processing, Image Processing and Speech Recognition), Industry Vertical (Media & Advertising, BFSI, IT & Telecom, Retail, Healthcare and Automotive & Transportation) - Global Opportunity Analysis and Industry Forecasts, 2014 - 2022
The artificial intelligence (AI) has been one of the most progressive technologies since its introduction in the 1950s. AI has characteristics that are similar to humans such as language understanding, reasoning, learning, problem solving, and more. Manufacturers have experienced enormous underlying intellectual challenges in the development and revision of this technology. However, it is anticipated to be a core for the next-gen software technologies as companies such as Google, IBM, Microsoft, and others are actively implementing AI as a crucial part of their technologies.
The artificial intelligence market is primarily driven by improved productivity, varied application areas, and increased customer satisfaction. However, market growth is expected to be hindered due to high upfront investment and lack of skilled workforce.
The artificial intelligence market is segmented by technology, industry vertical, and geography. By technology, it is sub-divided into machine learning, natural language processing, image processing, and speech recognition. By industry verticals, the market is categorized into media & advertising, retail, telecom & IT, healthcare, automotive & transportation, and others (agriculture, law, educational institutions). Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key manufacturers in the artificial intelligence market include Google Inc., IBM Corp., Microsoft Corporation, IPsoft, Rocket Fuel Inc., Qlik Technologies Inc., MicroStrategy, Inc., Brighterion, Inc., 24/7 Customer, Inc., and Next IT Corp.
POTENTIAL BENEFITS FOR STAKEHOLDERS
The market is segmented by technology, industry vertical, and geography.
BY TECHNOLOGY
Tekes, IntelliResponse Systems Inc., DeepMind Technologies, United Services Automobile Association, General Electric, Deep Knowledge, Netflix, Jarvis Corp, Rethink Robotics, Affectiva, BT Group, Relevance Cloud, North Face, Nuance Dragon, Apple Inc., Nissan, Maluuba, Bluemessaging, Facebook, Russian Promobot, Baidu, Yamaha Motor Co., Tapiatric, KUKA AG, Accenture, Wipro Ltd., Ramco Systems, Unisys Corporation, and Amtrak.
The artificial intelligence market is primarily driven by improved productivity, varied application areas, and increased customer satisfaction. However, market growth is expected to be hindered due to high upfront investment and lack of skilled workforce.
The artificial intelligence market is segmented by technology, industry vertical, and geography. By technology, it is sub-divided into machine learning, natural language processing, image processing, and speech recognition. By industry verticals, the market is categorized into media & advertising, retail, telecom & IT, healthcare, automotive & transportation, and others (agriculture, law, educational institutions). Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key manufacturers in the artificial intelligence market include Google Inc., IBM Corp., Microsoft Corporation, IPsoft, Rocket Fuel Inc., Qlik Technologies Inc., MicroStrategy, Inc., Brighterion, Inc., 24/7 Customer, Inc., and Next IT Corp.
POTENTIAL BENEFITS FOR STAKEHOLDERS
- This study comprises analytical depiction of the world artificial intelligence market, with current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market.
- The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2014 to 2022, to highlight the financial competency of the market.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
- Value chain analysis provides a clear understanding of the roles of stakeholders involved.
The market is segmented by technology, industry vertical, and geography.
BY TECHNOLOGY
- Machine Learning
- Natural Language Processing
- Image Processing
- Speech Recognition
- Media & Advertising
- BFSI
- IT & Telecom
- Retail
- Healthcare
- Automotive & Transportation
- Others (Agriculture, Law, Educational Institutions)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Google Inc.
- IBM Corp.
- Microsoft Corporation
- IPsoft
- Rocket Fuel Inc.
- Qlik Technologies Inc.
- MicroStrategy, Inc.
- Brighterion, Inc.
- 24/7 Customer, Inc.
- Next IT Corp.
Tekes, IntelliResponse Systems Inc., DeepMind Technologies, United Services Automobile Association, General Electric, Deep Knowledge, Netflix, Jarvis Corp, Rethink Robotics, Affectiva, BT Group, Relevance Cloud, North Face, Nuance Dragon, Apple Inc., Nissan, Maluuba, Bluemessaging, Facebook, Russian Promobot, Baidu, Yamaha Motor Co., Tapiatric, KUKA AG, Accenture, Wipro Ltd., Ramco Systems, Unisys Corporation, and Amtrak.
CHAPTER 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO perspectives
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.1.1 Improved productivity
3.2.1.2 Diversified application areas
3.2.1.3 Lack of skilled workforce
3.2.1.4 Threat to human dignity and other threats
3.2.1.5 Development of smarter robots
3.2.2 Top winning strategies
3.2.3 Top investment pockets
3.3 Value chain analysis
3.3.1 Designers
3.3.2 Technology integrators
3.3.3 End users
3.4 Porters five forces analysis
3.4.1 Moderate bargaining power among suppliers
3.4.2 Low threat of new entrants
3.4.3 Low threat of substitutes
3.4.4 High rivalry
3.4.5 High bargaining power among buyers
3.5 Market share analysis, 2015 (%)
3.6 Market Dynamics
3.6.1 Drivers
3.6.1.1 Improved productivity
3.6.1.2 Diversified application areas
3.6.1.3 Increased customer satisfaction
3.6.1.4 Big data integration
3.6.2 Restraints
3.6.2.1 Lack of skilled workforce
3.6.2.2 Threat to human dignity and other threats
3.6.3 Opportunities
3.6.3.1 Increased adoption in developing regions
3.6.3.2 Developing smarter robots
CHAPTER 4 WORLD ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY
4.1 Machine learning
4.1.1 Key market trends
4.1.2 Key drivers and opportunities
4.1.3 Market size and forecast
4.2 Natural language processing
4.2.1 Key market trends
4.2.2 Key drivers and opportunities
4.2.3 Market size and forecast
4.3 Image processing
4.3.1 Key market trends
4.3.2 Key drivers and opportunities
4.3.3 Market size and forecast
4.4 Speech recognition
4.4.1 Key market trends
4.4.2 Key drivers and opportunities
4.4.3 Market size and forecast
CHAPTER 5 WORLD ARTIFICIAL INTELLIGENCE MARKET, BY INDUSTRY VERTICAL
5.1 Media & advertising
5.1.1 Key market trends
5.1.2 Key drivers and opportunities
5.1.3 Market size and forecast
5.2 BFSI
5.2.1 Key market trends
5.2.2 Key drivers and opportunities
5.2.3 Market size and forecast
5.3 IT & telecom
5.3.1 Key market trends
5.3.2 Key drivers and opportunities
5.3.3 Market size and forecast
5.4 Retail
5.4.1 Key market trends
5.4.2 Key drivers and opportunities
5.4.3 Market size and forecast
5.5 Healthcare
5.5.1 Key market trends
5.5.2 Key drivers and opportunities
5.5.3 Market size and forecast
5.6 Automotive & transportation
5.6.1 Key market trends
5.6.2 Key drivers and opportunities
5.6.3 Market size and forecast
5.7 Others (agriculture, law, educational institutions)
5.7.1 Key market trends
5.7.2 Key drivers and opportunities
5.7.3 Market size and forecast
CHAPTER 6 WORLD ARTIFICIAL INTELLIGENCE MARKET, BY GEOGRAPHY
6.1 North America
6.1.1 Key market trends
6.1.2 Key growth factors and opportunities
6.1.3 Market size and forecast
6.1.4 U.S.
6.1.4.1 Market size and forecast
6.1.5 Canada
6.1.5.1 Market size and forecast
6.1.6 Mexico
6.1.6.1 Market size and forecast
6.2 Europe
6.2.1 Key market trends
6.2.2 Key growth factors and opportunities
6.2.3 Market size and forecast
6.2.4 U.K.
6.2.4.1 Market size and forecast
6.2.5 Germany
6.2.5.1 Market size and forecast
6.2.6 France
6.2.6.1 Market size and forecast
6.2.7 Russia
6.2.7.1 Market size and forecast
6.2.8 Rest of Europe
6.2.8.1 Market size and forecast
6.3 Asia-Pacific
6.3.1 Key market trends
6.3.2 Key growth factors and opportunities
6.3.3 Market size and forecast
6.3.4 China
6.3.4.1 Market size and forecast
6.3.5 Japan
6.3.5.1 Market size and forecast
6.3.6 India
6.3.6.1 Market size and forecast
6.3.7 Australia
6.3.7.1 Market size and forecast
6.3.8 Rest of Asia-Pacific
6.3.8.1 Market size and forecast
6.4 LAMEA
6.4.1 Key market trends
6.4.2 Key growth factors and opportunities
6.4.3 Market size and forecast
6.4.4 Latin America
6.4.4.1 Market size and forecast
6.4.5 Middle East
6.4.5.1 Market size and forecast
6.4.6 Africa
6.4.6.1 Market size and forecast
CHAPTER 7 COMPANY PROFILES
7.1 Google Inc.
7.1.1 Company overview
7.1.2 Company snapshot
7.1.3 Business performance
7.1.4 Strategic moves & developments
7.2 IBM Corp.
7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Business performance
7.2.4 Strategic moves & developments
7.3 Microsoft Corporation
7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 Business performance
7.3.4 Strategic moves & developments
7.4 IPsoft
7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 Business performance
7.4.4 Strategic moves & developments
7.5 Rocket Fuel Inc.
7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 Business performance
7.5.4 Strategic moves & developments
7.6 Qlik Technologies Inc.
7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 Business performance
7.6.4 Strategic moves & developments
7.7 MicroStrategy, Inc.
7.7.1 Company overview
7.7.2 Company snapshot
7.7.3 Business performance
7.7.4 Strategic moves & developments
7.8 Brighterion, Inc.
7.8.1 Company overview
7.8.2 Company snapshot
7.8.3 Strategic moves & developments
7.9 24/7 Customer, Inc.
7.9.1 Company overview
7.9.2 Company snapshot
7.9.3 Strategic moves & developments
7.10 Next IT Corp.
7.10.1 Company overview
7.10.2 Company snapshot
7.10.3 Strategic moves & developments
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO perspectives
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.1.1 Improved productivity
3.2.1.2 Diversified application areas
3.2.1.3 Lack of skilled workforce
3.2.1.4 Threat to human dignity and other threats
3.2.1.5 Development of smarter robots
3.2.2 Top winning strategies
3.2.3 Top investment pockets
3.3 Value chain analysis
3.3.1 Designers
3.3.2 Technology integrators
3.3.3 End users
3.4 Porters five forces analysis
3.4.1 Moderate bargaining power among suppliers
3.4.2 Low threat of new entrants
3.4.3 Low threat of substitutes
3.4.4 High rivalry
3.4.5 High bargaining power among buyers
3.5 Market share analysis, 2015 (%)
3.6 Market Dynamics
3.6.1 Drivers
3.6.1.1 Improved productivity
3.6.1.2 Diversified application areas
3.6.1.3 Increased customer satisfaction
3.6.1.4 Big data integration
3.6.2 Restraints
3.6.2.1 Lack of skilled workforce
3.6.2.2 Threat to human dignity and other threats
3.6.3 Opportunities
3.6.3.1 Increased adoption in developing regions
3.6.3.2 Developing smarter robots
CHAPTER 4 WORLD ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY
4.1 Machine learning
4.1.1 Key market trends
4.1.2 Key drivers and opportunities
4.1.3 Market size and forecast
4.2 Natural language processing
4.2.1 Key market trends
4.2.2 Key drivers and opportunities
4.2.3 Market size and forecast
4.3 Image processing
4.3.1 Key market trends
4.3.2 Key drivers and opportunities
4.3.3 Market size and forecast
4.4 Speech recognition
4.4.1 Key market trends
4.4.2 Key drivers and opportunities
4.4.3 Market size and forecast
CHAPTER 5 WORLD ARTIFICIAL INTELLIGENCE MARKET, BY INDUSTRY VERTICAL
5.1 Media & advertising
5.1.1 Key market trends
5.1.2 Key drivers and opportunities
5.1.3 Market size and forecast
5.2 BFSI
5.2.1 Key market trends
5.2.2 Key drivers and opportunities
5.2.3 Market size and forecast
5.3 IT & telecom
5.3.1 Key market trends
5.3.2 Key drivers and opportunities
5.3.3 Market size and forecast
5.4 Retail
5.4.1 Key market trends
5.4.2 Key drivers and opportunities
5.4.3 Market size and forecast
5.5 Healthcare
5.5.1 Key market trends
5.5.2 Key drivers and opportunities
5.5.3 Market size and forecast
5.6 Automotive & transportation
5.6.1 Key market trends
5.6.2 Key drivers and opportunities
5.6.3 Market size and forecast
5.7 Others (agriculture, law, educational institutions)
5.7.1 Key market trends
5.7.2 Key drivers and opportunities
5.7.3 Market size and forecast
CHAPTER 6 WORLD ARTIFICIAL INTELLIGENCE MARKET, BY GEOGRAPHY
6.1 North America
6.1.1 Key market trends
6.1.2 Key growth factors and opportunities
6.1.3 Market size and forecast
6.1.4 U.S.
6.1.4.1 Market size and forecast
6.1.5 Canada
6.1.5.1 Market size and forecast
6.1.6 Mexico
6.1.6.1 Market size and forecast
6.2 Europe
6.2.1 Key market trends
6.2.2 Key growth factors and opportunities
6.2.3 Market size and forecast
6.2.4 U.K.
6.2.4.1 Market size and forecast
6.2.5 Germany
6.2.5.1 Market size and forecast
6.2.6 France
6.2.6.1 Market size and forecast
6.2.7 Russia
6.2.7.1 Market size and forecast
6.2.8 Rest of Europe
6.2.8.1 Market size and forecast
6.3 Asia-Pacific
6.3.1 Key market trends
6.3.2 Key growth factors and opportunities
6.3.3 Market size and forecast
6.3.4 China
6.3.4.1 Market size and forecast
6.3.5 Japan
6.3.5.1 Market size and forecast
6.3.6 India
6.3.6.1 Market size and forecast
6.3.7 Australia
6.3.7.1 Market size and forecast
6.3.8 Rest of Asia-Pacific
6.3.8.1 Market size and forecast
6.4 LAMEA
6.4.1 Key market trends
6.4.2 Key growth factors and opportunities
6.4.3 Market size and forecast
6.4.4 Latin America
6.4.4.1 Market size and forecast
6.4.5 Middle East
6.4.5.1 Market size and forecast
6.4.6 Africa
6.4.6.1 Market size and forecast
CHAPTER 7 COMPANY PROFILES
7.1 Google Inc.
7.1.1 Company overview
7.1.2 Company snapshot
7.1.3 Business performance
7.1.4 Strategic moves & developments
7.2 IBM Corp.
7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Business performance
7.2.4 Strategic moves & developments
7.3 Microsoft Corporation
7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 Business performance
7.3.4 Strategic moves & developments
7.4 IPsoft
7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 Business performance
7.4.4 Strategic moves & developments
7.5 Rocket Fuel Inc.
7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 Business performance
7.5.4 Strategic moves & developments
7.6 Qlik Technologies Inc.
7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 Business performance
7.6.4 Strategic moves & developments
7.7 MicroStrategy, Inc.
7.7.1 Company overview
7.7.2 Company snapshot
7.7.3 Business performance
7.7.4 Strategic moves & developments
7.8 Brighterion, Inc.
7.8.1 Company overview
7.8.2 Company snapshot
7.8.3 Strategic moves & developments
7.9 24/7 Customer, Inc.
7.9.1 Company overview
7.9.2 Company snapshot
7.9.3 Strategic moves & developments
7.10 Next IT Corp.
7.10.1 Company overview
7.10.2 Company snapshot
7.10.3 Strategic moves & developments
LIST OF TABLES
TABLE 1 WORLD ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 2 WORLD ARTIFIFICIAL INTELLIGENCE MARKET REVENUE, BY TECHNOLOGY, 20142022 ($MILLION)
TABLE 3 WORLD AI MARKET IN MACHINE LEARNINGTECHNOLOGY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 4 WORLD AI MARKET IN NATURAL LANGUAGE PROCESSING TECHNOLOGY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 5 WORLD AI MARKET IN IMAGE PROCESSING TECHNOLOGY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 6 WORLD AI MARKET IN SPEECH RECOGNITION TECHNOLOGY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 7 WORLD ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY INDUSTRY VERTICAL, 20142022 ($MILLION)
TABLE 8 WORLD AI MARKET IN MEDIA & ADVERTISING INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 9 WORLD AI MARKET IN BFSI INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 10 WORLD AI MARKET IN IT & TELECOM INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 11 WORLD AI MARKET IN RETAIL INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 12 WORLD AI MARKET IN HEALTHCARE INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 13 WORLD AI MARKET IN AUTOMOTIVE & TRANSPORTATION INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 14 WORLD AI MARKET IN OTHER INDUSTRIES MARKET REVENUE, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 15 NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY 2014-2022 ($MILLION)
TABLE 16 NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY 2014-2022 ($MILLION)
TABLE 17 EUROPE ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY 2014-2022 ($MILLION)
TABLE 18 EUROPE ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 19 ASIA-PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY 2014-2022 ($MILLION)
TABLE 20 ASIA-PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2014-2015 ($MILLION)
TABLE 21 LAMEA ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY 2014-2022 ($MILLION)
TABLE 22 LAMEA ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 23 GOOGLE INC.- COMPANY SNAPSHOT
TABLE 24 IBM CORP.- COMPANY SNAPSHOT
TABLE 25 MICROSOFT CORPORATION- COMPANY SNAPSHOT
TABLE 26 IPSOFT- COMPANY SNAPSHOT
TABLE 27 ROCKET FUEL INC.- COMPANY SNAPSHOT
TABLE 28 QLIK TECHNOLOGIES INC.- COMPANY SNAPSHOT
TABLE 29 MICROSTRATEGY, INC.- COMPANY SNAPSHOT
TABLE 30 BRIGHTERION, INC.- COMPANY SNAPSHOT
TABLE 31 24/7 CUSTOMER, INC.- COMPANY SNAPSHOT
TABLE 32 NEXT IT CORP. - COMPANY SNAPSHOT
TABLE 1 WORLD ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 2 WORLD ARTIFIFICIAL INTELLIGENCE MARKET REVENUE, BY TECHNOLOGY, 20142022 ($MILLION)
TABLE 3 WORLD AI MARKET IN MACHINE LEARNINGTECHNOLOGY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 4 WORLD AI MARKET IN NATURAL LANGUAGE PROCESSING TECHNOLOGY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 5 WORLD AI MARKET IN IMAGE PROCESSING TECHNOLOGY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 6 WORLD AI MARKET IN SPEECH RECOGNITION TECHNOLOGY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 7 WORLD ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY INDUSTRY VERTICAL, 20142022 ($MILLION)
TABLE 8 WORLD AI MARKET IN MEDIA & ADVERTISING INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 9 WORLD AI MARKET IN BFSI INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 10 WORLD AI MARKET IN IT & TELECOM INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 11 WORLD AI MARKET IN RETAIL INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 12 WORLD AI MARKET IN HEALTHCARE INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 13 WORLD AI MARKET IN AUTOMOTIVE & TRANSPORTATION INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 14 WORLD AI MARKET IN OTHER INDUSTRIES MARKET REVENUE, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 15 NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY 2014-2022 ($MILLION)
TABLE 16 NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY 2014-2022 ($MILLION)
TABLE 17 EUROPE ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY 2014-2022 ($MILLION)
TABLE 18 EUROPE ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 19 ASIA-PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY 2014-2022 ($MILLION)
TABLE 20 ASIA-PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2014-2015 ($MILLION)
TABLE 21 LAMEA ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY 2014-2022 ($MILLION)
TABLE 22 LAMEA ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 23 GOOGLE INC.- COMPANY SNAPSHOT
TABLE 24 IBM CORP.- COMPANY SNAPSHOT
TABLE 25 MICROSOFT CORPORATION- COMPANY SNAPSHOT
TABLE 26 IPSOFT- COMPANY SNAPSHOT
TABLE 27 ROCKET FUEL INC.- COMPANY SNAPSHOT
TABLE 28 QLIK TECHNOLOGIES INC.- COMPANY SNAPSHOT
TABLE 29 MICROSTRATEGY, INC.- COMPANY SNAPSHOT
TABLE 30 BRIGHTERION, INC.- COMPANY SNAPSHOT
TABLE 31 24/7 CUSTOMER, INC.- COMPANY SNAPSHOT
TABLE 32 NEXT IT CORP. - COMPANY SNAPSHOT
According to the latest market research report "Artificial Intelligence Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), End-User Industry, and Geography - Global Forecast to 2025", The artificial intelligence market is expected to grow from USD 21.46 Billion in 2018 to USD 190.61 Billion by 2025, at a CAGR of 36.62% between 2018 and 2025. Major drivers for the market are growing big data, the increasing adoption of cloud-based applications and services, and increasing demand for intelligent virtual assistants. The major restraint for the market is the limited number of AI technology experts.
The presence of prominent AI technology providers such as
- IBM (US)
- Google (US)
- Microsoft (US)
- NVIDIA (US)
- Intel (US)
- Facebook (US)
- MetaMind (US)
- Tute Genomics (US)
- AWS (US)
- Xilinx (US)
- Samsung (South Korea)
- Micron Technology (US)
Artificial intelligence market for services to grow at highest CAGR during forecast period
The market for services is expected to grow at the highest CAGR between 2018 and 2025. The adoption of AI is rapidly increasing in various applications. As AI is a complex technology requiring the implementation of sophisticated algorithms, AI-based systems require deployment and integration, and support and maintenance services. Also, most companies that manufacture and develop AI-based systems and related software provide both online and offline support, depending on the application.
Artificial intelligence market for manufacturing end-user industry to grow at highest CAGR during forecast period
Of all the end-use industries, the market for manufacturing is expected to grow at the highest CAGR during the forecast period. Increasing data volume derived from the manufacturing value chain has led to the involvement of AI-enabled data analytics in the manufacturing sector. In addition, several industry initiatives, such as Industry 4.0, a connected manufacturing initiative by the Government of Germany, have proliferated the growth of AI-enabled devices in manufacturing.
North America to hold largest market share, and market in APAC to witness highest growth
North America is expected to hold the largest share of the artificial intelligence market between 2018 and 2025. North America, being technologically advanced, is a leader in the market. It is the early adopter of the latest technologies; moreover, awareness about the benefits of artificial intelligence is high in the region.
The artificial intelligence market in APAC is expected to grow at the highest CAGR during the forecast period. The increasing adoption of deep learning and NLP technologies in finance, agriculture, marketing, and law applications is driving the market in APAC.
