Press release
Diversified Application to Enhance Productivity Boosting Artificial Intelligence Market!
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A new market research study, titled “Artificial Intelligence Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024,” has been recently published by Transparency Market Research and made available on the company’s website. The research study talks about the global artificial intelligence market for , focusing on its key drivers, barriers, product segmentation, current trends, major geographical segments, opportunities and challenges, and competitive landscape. According to the research study, in 2015, the global market for artificial intelligence was worth US$126.24 bn and is projected to reach a value of US$3,061.35 bn by the end of 2024. The market is anticipated to exhibit an impressive 36.10% CAGR between 2016 and 2024.
The global artificial intelligence market is currently witnessing healthy growth as companies have started leveraging the benefits of such disruptive technologies for effective customer reach and positioning of their services/solutions. Market growth is also supported by an expanding application base of artificial intelligence solutions across various industries. However, factors such as low funding access or high upfront investment, and demand for skilled resources (workforce) are presently acting as major deterrents to market growth.
North America was the leader in the global artificial intelligence market in 2015, holding approximately 38% of the global market revenue share, and is expected to remain dominant throughout the forecast period from 2016 to 2024. High government funding and a strong technological base have been some of the major factors responsible for the top position of the North America region in the artificial intelligence market over the past few years. Middle East and Africa is expected to grow at the highest CAGR of 38.2% throughout the forecast period. This is mainly attributed to enormous opportunities for artificial intelligence in the MEA region in terms of new airport developments and various technological innovations including robotic automation.
Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/artificial-intelligence-market.htm
The key market players profiled in this report include QlikTech International AB, MicroStrategy Inc., IBM Corporation, Google, Inc., Brighterion Inc., Microsoft Corporation, IntelliResponse Systems Inc., Next IT Corporation, Nuance Communications, and eGain Corporation.
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Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
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