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On-device AI Market - Attracts Investor Interest with Unparalleled Growth Rates

05-22-2018 06:42 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Artificial intelligence is one of the emerging technologies that help in reducing human efforts and is all machine learning based. With the implementation of this technology, computers can be trained to complete tasks by processing large amounts of data and recognizing patterns in the data. Due to increased data volumes, advanced algorithms, and improvements in computing power and storage, artificial intelligence is being introduced in various devices like smartphones, medical devices, and sensors which plays a vital role in driving the growth of the market.

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There are a number of key drivers responsible for the growth of the on-device artificial intelligence market such as its authentication provided to the users, device management, user understanding, and reliability. The major driver for on-device AI is its digital enhancement of the market. Information and technology industry is expected to expand at a significantly higher rate during the forecast period due to the increasing need to manage and store data derived from various devices used throughout the organization and also for the users.

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Growth in the on-device artificial intelligence market for operations is anticipated to increase in the coming years because of the need to streamline operations across services and the increasing need to solve operations related issues quickly. It is projected that key players having high performance in this market are identifying the implementation of artificial intelligence as a key contributor to improved revenue.

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