Press release
Cognitive/Artificial Intelligence Systems Market Demand By Key Players Like IBM, Microsoft, Google
Artificial intelligence has received an overwhelming attention globally due to the extraordinary developments it has brought about in the recent past such as mobile phones using speech recognition, driverless cars, robots automating operations in factory, and many others. Technologies such deep learning, machine learning, speech recognition, image recognition, and automated reasoning, among others, are designed to provide computers that are capable of mimicking human abilities are an integral part of cognitive/artificial intelligence systems. Moreover, cognitive/artificial intelligence systems are widely used by the industrial sector wherein robotics developed on the artificial Intelligence technology is deployed in the workstation in order to automate the production processes, as well as are used in building and home automation, among others. The artificial Intelligence technology has also led to development of advanced drones used for surveillance in the aerospace and defence industry.
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Growing trends of machine learning, and increasing government investments have thereby increased the demand for cognitive/artificial intelligence systems. In addition to this some of the prominent drivers for Cognitive/artificial intelligence systems market are factors such as significant progress in hardware technology, rising demand for intelligent systems, need for efficient data analytics, and adoption of automation technology by various end user industry, and others. On the other hand, factors such as complexities in developing algorithms, need for skilled personnel and lack of standardization may act as a restraint for the cognitive/artificial intelligence systems market.
In 2018, the global Cognitive/Artificial Intelligence Systems market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Cognitive/Artificial Intelligence Systems status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cognitive/Artificial Intelligence Systems development in United States, Europe and China.
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The key players covered in this study
IBM
Microsoft
Market segment by Type, the product can be split into
Robotics
Consumer Electronics
Drones
Autonomous Cars
Others
Market segment by Application, split into
Manufacturing
Healthcare
Consumer And Retail
Automotive
BFSI
Aerospace And Defence
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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