Acceptance of ITS (Intelligent Tutoring Systems) In the Learning Process Drives Global Artificial Intelligence Market
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The global artificial intelligence market trend includes acceptance of ITS (intelligent tutoring systems) in the learning process, growing demand for unmanned aerial vehicles, autonomous cars, and civil aviation for vehicle tracking, monitoring & auto control. Moreover, their increasing application across different domains such as media and advertising, healthcare, manufacturing, retail and automotive in the countries such as Singapore, Nepal, and Pakistan boost the growth of this market over coming years. Though, absence of low-cost and energy-efficient hardware which restraints its acceptance among small & medium businesses may hinder the artificial intelligence market growth. Moreover, constant R&D, & execution of ITS (intelligent tutoring systems) in the learning process would create new opportunities for the players of the global market.
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The global artificial intelligence market has been categorized into technology, end-user, and geography. Technology segment contains deep learning, natural language processing, machine learning, and machine vision. On basis of end-user, the market is classified into healthcare, law, BFSI, retail, advertising & media, automotive and transportation, manufacturing, agriculture, and other end-users. North America (U.S., Mexico, and Canada), Europe (France, Italy, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, South Korea, India, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.
Natural language processing, by technology held highest market share of the global market in 2016
Natural language processing held for the highest market share in 2016, owing to the growing operation of NLP for the advancement of consumer services in retail sector.
Healthcare, expected to achieve highest CAGR in end-user segment over the forecast period
Healthcare is anticipated to grow at the highest growth rate over the forecast period, 2016– 2024. The growth of the segment is attributed to mounting application of AI technologies in drug discovery, patient care, & disease diagnosis.
North America was the leading region in the global market in 2016
North America held for the highest market share in 2016 and expected to continue its dominance over the forecast period, 2016– 2024. Widespread applications of AI in numerous end-use industries including agriculture, media & advertising, transportation & automotive, BFSI, consumer electronics, and retail, among others is the key driving factor for the growth of this market in North America.
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Key players are offering innovative products and services to increase their artificial intelligence market share. Major players of the market are NVIDIA Corporation, IBM Corporation, Google Inc., Microsoft Corporation, Next IT Corp., Intel Corporation, Qlik Technologies Inc., Brighterion, Inc., MicroStrategy, Inc., and IPsoft, among others.
Scope of the Global Artificial Intelligence Market
• Deep Learning
• Machine Learning
• Natural Language Processing
• Machine Vision
• Advertising & Media
• Automotive & Transportation
• Other End-Users
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
Rest of the World
• South America
• Middle East
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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