Artificial Intelligence is a study of “intelligent agents“: In artificial intelligence, a device perceives its environment and takes actions that maximize its chance of successfully achieving its goals. AI is the study of intelligent agents and are being developed to assist human beings in analyzing, deliberating, deducing, and inventing new technologies that can guarantee the fourth industrial revolution. The global artificial intelligence market size was valued at USD XX million in 2017 and is expected to grow at a CAGR of XX% during the forecast period, reaching a value of up to USD XX million by 2025.
The global artificial intelligence market include the presence of global and regional players such as Amazon Web Services, IBM, Siemens, Omron Adept Technologies, AIBrain, Anki, Apple Inc., Banjo, CloudMinds, Facebook, Google, CarbonX, Intel, Jibo, Microsoft, Next IT, and NVIDIA among others.
The global artificial intelligence market is bifurcated on the basis of end users, application and geography. Based on application the market is segmented into machine learning, deep learning, fuzzy logic, neural networks, expert system and knowledge based system.The development of deep-learning technology will drive the growth prospects for the global AI market for the coming years.
The deep-learning software is an advanced version of AI technologies that attempts to mimic the activity and functioning of the human neocortex. On the basis of region the market is segmented into North America, Europe, Latin America Asia-Pacific and Middle East & Africa.
Artificial Intelligence Market Key Segments:
On the Basis of Application:
On the Basis of End User:
Media and entertainment sector
On the Basis of Region:
Middle East and Africa (MEA)
The widespread adoption of graphical processing units due to rapid and sustained technologic innovation, reduced integration costs, and increased power capacity, are the major drivers in the rapid adoption of AI technologies thereby increasing the global artificial intelligence market revenue. AI’s ability to recognize patterns of sounds, images, and other data are also responsible for its widespread popularity. Artificial intelligence technology empowers computer scientists to model several layers of virtual neurons and multiple neural networks, thereby increasing its significance in a wide range of industries.
In terms of its opportunities, the increasing significance of usage of analytics in solving cyber crimes is one of the major trend that is expected to propel the growth of the global artificial intelligence market during the forecast period.