Artificial Intelligence Market Will Create Significant Business Opportunities and Societal Value

According to Verified Market Intelligence, the Global Artificial Intelligence Market was valued at USD 15.81 Million in 2017 and is projected to reach USD 173.4 Billion by 2025, growing at a CAGR of 35.0% from 2018 to 2025.

Artificial intelligence (AI) is a technology that makes the machines capable of performing human-like tasks. It designs the machines performs tasks like learning, planning, speech recognition, and problem resolving. The main goal of artificial intelligence is to create skilled systems and implementation of intelligence in machines. It has the wide range of applications in different sectors such as gaming, expert systems, vision systems, intelligent robots, natural language processing and many more.

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Growth in big data analytics, increasing adoption rate of cloud-based services and the growing demand of intelligent virtual assistants have been driving the global artificial intelligence market. While lack of trained AI experts might hinder the growth the global artificial intelligence market at a global level.

The “Global Artificial Intelligence Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Alphabet (Google Inc.), Apple Inc., Baidu, IBM, IPsoft, Microsoft Corporation, MicroStrategy, Inc., NVIDIA, Qlik Technologies Inc., and Verint Systems Inc (Next IT Corp). Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

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