Global Artificial Intelligence (AI) Market 2025: Analysis, Size, Share, Application, Challenging terms and trends with leading key players like Alphabet (Google Inc.), Apple Inc., Baidu, IBM, IPsoft, Microsoft Corporation, MicroStrategy, Inc, NVIDIA, Qlik

Rise in investment in AI technologies growth and rise in demand for analyzing and interpreting large amounts of data have boosted the growth of the global AI market. In addition, improved customer satisfaction and increased adoption of reliable cloud applications supplemented the market growth. However, lack of trained and experienced staff hinders the growth of the market. On the contrary, adoption of AI in developing countries and increasing innovations to develop smarter robots expected to remunerative opportunities for the market players in the coming future.

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 vertical, 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 increase in demand for cloud applications has fueled the demand for AI technologies in developing economies.

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Allied Market Research recently published a report, titled, “Artificial Intelligence (AI) Market by Technology (Machine Learning, Natural Language Processing, Image Processing, Speech Recognition), and Industry Vertical (Media & Advertising, BFSI, IT & Telecom, Retail, Healthcare, Automotive & Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2018–2025”. According to the report, the global artificial intelligence (AI) market garnered $4.07 billion in 2016 and is expected to reach $169.41 billion by 2025, registering CAGR of 55.6% during the forecast period.

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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 presence of the key artificial intelligence companies in the region.

Key Findings of the Artificial Intelligence Market:

• In 2016, the IT & Telecom segment dominated the global artificial intelligence market, in terms of revenue, and is projected to grow at a CAGR of 56.7% during the forecast period
• The machine learning segment is projected to grow at a CAGR of 56.4% during the forecast period
• North America is projected as one of the fastest growing regions in the artificial intelligence market and is expected to witness high growth rate.

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The major players, such as Alphabet (Google Inc.), Apple Inc., Baidu, IBM, IPsoft, Microsoft Corporation, MicroStrategy, Inc, NVIDIA, Qlik Technologies Inc., Verint Systems Inc (Next IT Corp), have focused on developing new products as well as these companies expanded their business by acquiring small businesses to deal with competitors.

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