Artificial Intelligence Market 2019 to Perceive Exponential Growth at CAGR 38.8% Driven By the Rockwell, Samsung Electronics, Facebook, Intel, Google, Microsoft, Oracle, SK Hynix, IBM, General Electric, Siemens, Mellanox Technologies

Global Artificial Intelligence Market is accounted for $15.70 billion in 2017 and is expected to reach $300.26 billion by 2026 growing at a CAGR of 38.8% during the forecast period. Rising demand for intelligent virtual assistants, enhance operational efficiency in manufacturing industry and increase in implementation of cloud based applications and services are some factors impacting the market growth. However, irregularity of artificial intelligence algorithms is restricting the market.

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Artificial intelligence is an intelligence established by machines, in contrast to the natural intelligence displayed by humans and other animals. Artificial intelligence based systems basically appear as a black box data is fed in one end and the result is outputted from the other, with no way to check how the system came to its decision. It is associated to human intelligence with related characteristics such as language understanding, analysis, learning, problem solving and others and it is situated at the core of the next generation software technologies in the market. Google, IBM, Microsoft and other leading companies have dynamically executed AI as a essential part of their technologies.

Top Players:
Some of the key players in Artificial Intelligence market include Rockwell, Samsung Electronics, Facebook, Intel, Google, Cisco, Microsoft, Oracle, SK Hynix Inc., International Business Machines Corporation, General Electric, Siemens, Mellanox Technologies, IRIS Automation, General Vision, Sentient Technologies, Micron Technology, Descartes Labs, Twitter.

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Market Segmentation:
By technology, computer vision segment is expected to grow at the highest CAGR due to the increasing implementation of computer vision in autonomous and semiautonomous applications in different industries such as manufacturing and automotive, is fuelling the growth of this segment in the AI market.
Amongst geography, Asia Pacific dominates the global market during the forecast period. In this region, the growth of the market is influenced due to high computing power, parallel processing and fast improvements in information storage capacity.

Offering Covered:
• Services
• Software
• Hardware

Types Covered:
• Automated Robotic System
• Artificial Neural Network
• Expert System
• Digital Assistance System
• Embedded System

Technologies Covered:
• Computer Vision
• Context-Aware Computing
• Machine Learning
• Natural Language Processing (NLP)
• Machine Vision

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This release was published on openPR.