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Artificial Intelligence Market By Technology (Machine learning, Natural language processing), By Industrial Vertical (Media & advertising, IT & telecom) - Business Overview, Analysis and Industry Forecast 2018-2023

08-13-2018 11:07 AM CET | IT, New Media & Software

Press release from: Genesis market insights

Artificial Intelligence Market

Artificial Intelligence Market

Global Artificial Intelligence Market was valued at USD 16.2 Billion in the year 2017. Global Artificial Intelligence Market is further estimated to grow at a CAGR of 37.16 % from 2018 to reach USD 107.86 Billion by the year 2023. North America region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At the country level, China and Japan are the major markets in the Asia Pacific region and holds a substantial market share in 2017 and it is projected to grow at a gradual pace in the coming years.

Get Free Access to Sample Report @ https://genesismarketinsights.com/Sample_Request/GENRE242

The market is segmented by technology, industry verticals, and geography. By technology, it is sub-segmented into machine-learning, natural language processing, image processing, and speech recognition. In the year 2017, machine-learning generated the highest revenue in the global market. However, the speech recognition sub-segment is anticipated to exhibit the highest growth during the forecast period.

Based on industry verticals, the market is segmented into media & advertising, BFSI, IT & telecom, retail, healthcare, automotive & transportation, and others (agriculture, educational institutions, and law). Among these, the BFSI segment dominated the market in terms of revenue in 2017 and is projected to continue its dominance throughout the forecast period.

Drivers:

• Growth in Big Data
• Growth in Adoption of Cloud-Based Applications and Services

Restraints:

• Limited Number of AI Experts

Opportunities:

• Improving Operational Efficiency in the Manufacturing Industry
• Adoption of AI to Improve Customer Service

Challenges:

• Concerns Regarding Data Privacy

Intel (US), NVIDIA (US), Xilinx (US), Samsung (South Korea), Facebook (US), Micron Technology (US), IBM (US), Google (US), Microsoft (US), and AWS (US) are some of the key players in the global Artificial Intelligence Market.

Key Benefits for Stakeholders

• Semiconductor companies
• Technology providers
• Universities and research organizations
• System integrators
• AI solution and platform providers
• Investors and venture capitalists

By Technology

• Machine learning
• Natural language processing
• Image processing
• Speech recognition

By Industrial Vertical

• Media & advertising
• BFSI
• IT & telecom
• Retail
• Healthcare
• Automotive & transportation
• Others (agriculture, law, educational institutions)

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players

• Intel
• Nvidia
• Samsung Electronics
• Xilinx
• Micron Technology
• IBM
• Microsoft
• Google
• Amazon Web Services (AWS)
• Facebook
• (Another brief information of 10 companies will be provided in a report.)

Read Report Overview with Full TOC @ https://genesismarketinsights.com/viewreport/243/31/Artificial-Intelligence-Market

About Us:

Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making.

Contact Us;

Genesis Market Insights (GMI)
902 Broadway, 6th Floor,
New York, NY 10010
(212) 634-4560
Mail us at: info@genesismarketinsights.com
Website: www.genesismarketinsights.com

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