Uploaded on Mar 11, 2021
Artificial Intelligence (AI) Market is the inevitable revolutionary in the future technological landscape. With 397 deals and $XX million in funding, the year 2018 witnessed a new high in terms of deals and dollars related to artificial intelligence ventures vis-à-vis deals and $ XX million in 2026.
ArtificiArtificial Intelligence (AI) Market –Analysis and Forecast (2019-2026) – by Offering, by Technology, by End-user Industry and by Regionsal Intelligence
Artificial Intelligence (AI) Market is the inevitable revolutionary in the future technological
landscape. With 397 deals and $XX million in funding, the year 2018 witnessed a new high in terms
of deals and dollars related to artificial intelligence ventures vis-à-vis deals and $ XX million in
2026.Artificial Intelligence (AI) Market, by OfferingAssuming enterprise value/sales multiples of 10-
15x, which is on par with other emerging fast-growing industries within the tech sector, AI as a
standalone industry has the potential to claim a total market cap of USD 150 billion by 2020
including $80 billion for robots at a CAGR of 23%. It further can be deduced that these disruptive
technologies will yield $12-25 trillion in the annual economic impact by the year 2024 through cost
reductions and efficiency gains. Adoption of these technologies has the potential to boost
productivity by 30% across many industries while trimming manufacturing labour costs by 18-33%.
While AI technologies and robots will actually enhance the quality of human life and open new
horizons, it also has the potential to shrink the jobs market by over 5 Million by 2020.
We are in the middle of a technological revolution. Artificial Intelligence (AI) Market has the
potential to fundamentally transform the world around us -- the way we communicate, work and
conduct our daily lives. Artificial intelligence encompasses deep learning, computer vision, robotics,
collaborative systems, machine learning and natural learning process among other things. Today, for
example, when you upload photographs on Facebook, it can recognize faces and suggest tags with
nearly 98% accuracy or take Spotify, which offers personalized playlists curated on your music
preference. From basic domestic chores to facilitating and impacting national-level election
campaigns AI has imprinted its footprints on each and every human activity.
The Artificial Intelligence (AI) Market is segmented by Offering, Technology, End-user Industry and
Regions. Artificial Intelligence is gaining prominence due to its complex, data-driven applications
such as voice and image recognition. It offers a great investment opportunity, as it can be leveraged
over other technologies to overcome the challenges of high data volumes, high computing power,
and improvement in data storage.
The rapid adoption of AI in end-use industries such as Advertising & Media, retail, healthcare, and
automotive sector is expected to augment market growth over the forecast period. Organizations
are making investments to incorporate artificial intelligence capabilities into their product portfolio.
In November 2016, SK Telecom announced that it had signed an agreement with Intel Corporation to
develop the vehicle-to-everything (V2X) technology and video recognition based on artificial
intelligence.
Artificial Intelligence - Market Share
North America is expected to hold the largest share of the Artificial Intelligence (AI) 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. In addition, 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), and AWS (US), is complementing the growth of the market in this region.
The Artificial Intelligence (AI) 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.
Maximize Market Research has comprehensively analysed Artificial Intelligence Market. The driving
forces as well as considerable restraints have been explained in depth to attain a balanced scenario.
Segment wise market size and market share during the forecast years is duly addressed to portray
the probable picture of this exuberant industry. The competitive landscape comprising of key
innovators, service providers, market giants as well as niche players is studied and analysed
extensively with respect to their strengths, weaknesses as well as value addition prospects. The
report presents significant case studies along with the success stories to motivate and guide the like
minds. In addition, Report displays current consolidation trends with respect to prominent mergers
and acquisitions, consequent Market fragmentation, new trends and dynamics in partnerships,
emerging business models. This will enable the reader to comprehend whole Artificial Intelligence
Ecosystem with utmost ease and clarity.
Visit at- https://www.maximizemarketresearch.com/market-report/artificial-intelligence-ai-
market/11207/
Scope of the Report:
Artificial Intelligence (AI) Market, by Offering:
Hardware
Software
Services
Artificial Intelligence (AI) Market,by Technology:
Machine Learning
Natural Language Processing
Context-aware computing
Computer Vision
Artificial Intelligence (AI) Market, by End-User Industry:
Healthcare
Manufacturing
Automotive
Agriculture
Social Media
Financial Services
Others
Artificial Intelligence (AI) Market, by Geography:
North America
Europe
Asia Pacific
Middle East &
Africa and Latin America
Key Players:
IBM
Google
Microsoft
Apple
NVIDIA
Intel
Facebook
MetaMind
Tute Genomics
SAP SE
30 Company profile have been Analysed and benchmarked
About Us:
Maximize Market Research provides B2B and B2C market research on
20,000 high growth emerging technologies & opportunities in Chemical,
Healthcare, Pharmaceuticals, Electronics & Communications, Internet of
Things, Food and Beverages, Aerospace and Defense and other
manufacturing sectors
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