Press release
Global Artificial Intelligence Platforms Market Size & Outlook 2023: Details for Business Development, Regions, Key Players, Opportunities
Analysts forecast the global Artificial Intelligence Platforms Market to grow at a CAGR of over 28% during the period 2019-2023. Artificial Intelligence Platforms Industry is the greatest segment of Artificial Intelligence Platforms applications, types with a share of 24.1% in 2018.
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About Artificial Intelligence Platforms Market:
Artificial intelligence platform is a service that uses a software framework and a hardware architecture to build intelligent applications. Our artificial intelligence platforms market analysis considers sales from on-premises and cloud-based deployment. Our analysis also considers the sales of artificial intelligence platforms in APAC, Europe, North America, South America, and MEA. In 2018, the on-premises segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising focus on handling critical business data and risk management strategies will play a significant role in the on-premises segment to maintain its market position. Also, our global artificial intelligence platforms market report looks at factors such as the rising demand for AI-based solutions, increasing investments in R&D for AI technology, and rise in demand for cloud-based AI solutions. However, data privacy issues, vendor lock-in issues in AI platforms, and need for regulatory compliance may hamper the growth of the artificial intelligence platforms industry over the forecast period.
The Top Artificial Intelligence Platforms Market Manufacturers/Key Players:
Alibaba Cloud
Amazon Web Services Inc.
Google LLC
IBM Corp.
Microsoft Corp.
Palantir Technologies Inc.
Salesforce.com Inc.
SAP SE
SAS Institute Inc.
and Tata Consultancy Services Ltd.
Market Segment by Regions, regional analysis covers
North America
Europe
Asia-Pacific
South America
Middle East and Africa
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Artificial Intelligence Platforms Market Research Report 2019-2023 provides Market characteristics, Opportunities, Development Factors, Segmentation analysis, Industry growth, sales, and Forecast 2023
Market Driver: increasing investments in R&D for AI technology
Market Trend: increasing convergence of AI with IoT and Blockchain
Market Challenge: vendor lock-in issues in AI platforms.
Increasing investments in R&D for AI technology
Government bodies and enterprises are making efforts to stay ahead in the competition by developing AI-based platforms. In addition, the demand for AI technology is increasing due to the increase in number of start-ups and investments by major vendors. For instance, Germany launched its digital strategy on AI called “AI Made in Germany” to fuel the economic and technological growth in the country. Several firms are adopting AI bots, virtual assistants, digital payment advisers, and biometric fraud detection mechanisms to track consumer behavior and enhance their compliance with regulatory systems. This increasing investments in R&D for AI technology will lead to the expansion of the global artificial intelligence platforms market at a CAGR of over 28% during the forecast period.
Increasing convergence of AI with IoT and Blockchain
Organizations are increasingly trying to mitigate the risks and limitations associated with platforms through the convergence of AI with IoT and Blockchain. The resultant new platforms use AI algorithms, IoT systems, and Blockchain technology to produce, process, and secure the data. The use of such platforms helps the organizations to improve their compliance with regulatory systems by tracking their consumer behavior. This is encouraging enterprises and government bodies to invest in AI, which is expected to have a positive impact on the overall market growth.
Highlighted points of Market Report:
Varying dynamics of the industry
Potential changes in sales volumes and worldwide share growth in upcoming years
Participants’ profiles along with product description, overview, and business data
In-depth analysis of market risks, opportunities, limitations, and growth of the market.
Market driving and restraining factors
Some TOC Points Covered in this Artificial Intelligence Platforms Market Report are:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
• Market ecosystem
• Market characteristics
• Market segmentation analysis
PART 04: MARKET SIZING
• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
• Market segmentation by product
• Comparison by product
• Major household appliances - Market size and forecast 2018-2023
• Small household appliances - Market size and forecast 2018-2023
• Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
• Market segmentation by distribution channel
• Comparison by distribution channel
• Offline - Market size and forecast 2018-2023
• Online - Market size and forecast 2018-2023
• Market opportunity by distribution channel
PART 09: GEOGRAPHIC LANDSCAPE
• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2018-2023
• EMEA - Market size and forecast 2018-2023
• Americas - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
• Market drivers
• Market challenges
PART 12: MARKET TRENDS
• Increased adoption of multi-functional and advanced products
• Growing adoption of smart household appliances
• Increase in M&A and strategic alliance activities
• Other trends
PART 13: VENDOR LANDSCAPE
• Overview
• Landscape disruption
• Competitive scenario
PART 14: VENDOR ANALYSIS
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Name: Ajay More
Organization: Industry Research Co.
Phone: +44 20 3239 8187 / +14242530807
Email: sales@industryresearch.co
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