Artificial Intelligence (AI) Market Moving Towards a Brighter Future - Competitive Analysis of Leading Market Players - Google Inc., Apple Inc., Baidu, IBM Corporation, Microsoft Corporation, NVIDIA

AI is associated with human intelligence with similar characteristics such as language understanding, reasoning, learning, problem-solving, and other. Manufacturers in the market witness enormous underlying intellectual challenges in the development and revision of such a technology. The market for artificial intelligence is primarily driven by improved productivity, diversified application areas, increased customer satisfaction, and big data integration. However, lack of skilled workforce and threat to human dignity & other threats are some of the restraints of the market. Nonetheless, the impact of these factors is expected to be minimal due to the introduction of new technologies in the market.

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The artificial intelligence market accounted for $4,065.0 million in 2016 and is expected to reach $169,411.8 million by 2025, growing at a CAGR of 55.6% from 2018 to 2025. In 2016, North America dominated the global market, in terms of revenue, accounting for about 49.0% share of the global market, followed by Europe.

The machine learning segment secured the highest share of about 52.0% in the artificial intelligence market in 2016 and is expected to grow at a CAGR of 56.4% during the forecast period. In terms of industry verticals, IT & telecom sector is expected to contribute the highest market share in the coming years, as various new startups are investing in artificial intelligence solutions. Moreover, the rapid urbanization, technological advancement, and an increase in demand for cloud applications has fueled the demand for AI technologies in developing economies.

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North America is one of the fastest growing regions in the Artificial Intelligence market. It is expected to witness higher growth rate during the forecast period, owing to the presence of the key artificial intelligence companies in the region.

TABLE 01. ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2016-2025 ($MILLION)

TABLE 02. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN MACHINE LEARNING TECHNOLOGY, BY REGION, 2016-2025 ($MILLION)

TABLE 03. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN NATURAL LANGUAGE PROCESSING TECHNOLOGY, BY REGION, 2016-2025 ($MILLION)

TABLE 04. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN IMAGE PROCESSING TECHNOLOGY, BY REGION, 2016-2025 ($MILLION)

TABLE 05. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN SPEECH RECOGNITION TECHNOLOGY, BY REGION, 2016-2025 ($MILLION)
TABLE 06. ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2025 ($MILLION)

TABLE 07. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN MEDIA & ADVERTISING INDUSTRY, BY REGION, 2016-2025 ($MILLION)

TABLE 08. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN MEDIA & ADVERTISING INDUSTRY, BY COUNTRY, 2016-2025 (%)

TABLE 09. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN BFSI INDUSTRY, BY REGION, 2016-2025 ($MILLION)
TABLE 10. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN BFSI INDUSTRY, BY COUNTRY, 2016-2025 (%)

TABLE 11. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN IT & TELECOM INDUSTRY, BY REGION, 2016-2025 ($MILLION)

TABLE 12. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN IT & TELECOM INDUSTRY, BY COUNTRY, 201672025 (%)

TABLE 13. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN RETAIL INDUSTRY, BY REGION, 2016-2025 ($MILLION)

TABLE 14. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN RETAIL INDUSTRY, BY COUNTRY, 2016-2025 (%)

TABLE 15. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN HEALTHCARE INDUSTRY, BY REGION, 2016-2025 ($MILLION)

TABLE 16. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN HEALTHCARE INDUSTRY, BY COUNTRY, 2016-2025 (%)

TABLE 17. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN AUTOMOTIVE & TRANSPORTATION INDUSTRY, BY REGION, 2016-2025 ($MILLION)

TABLE 18. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN AUTOMOTIVE & TRANSPORTATION INDUSTRY, BY COUNTRY, 2016-2025 (%)

TABLE 19. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN OTHER INDUSTRY, BY REGION, 2016-2025 ($MILLION)

TABLE 20. ARTIFICIAL INTELLIGENCE MARKET REVENUE IN OTHER INDUSTRY, BY COUNTRY, 2016-2025 (%)

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