Press release
Artificial Intelligence Market size project to reach USD 25.7Billion in 2018 With Top Players Are Intel Corporation, NVIDIA, Xilinx, Samsung, Facebook, Micron Technology, IBM Corporation, Google, Microsoft Corporation
Artificial Intelligence Market
The AI market for hardware is expected to grow at a high CAGR during the forecast period. This can be attributed to the increasing need for hardware platforms with high computing power to run various AI software. The presence of major companies that contribute to the AI sector in North America has made the region a major market for hardware related to AI.
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Artificial intelligence is gaining rising importance due to its complicated and data-driven applications such as image, face, voice, and speech recognition. The technology offers a significant investment opportunity, as it can be leveraged over other technologies to overcome the challenges of data storage, high data volumes, and high computing power. Rapid adoption of virtual reality (VR) and AI in end-use industries such as retail, healthcare, and automotive is expected to augment market growth.
This report also includes the profiles of key artificial intelligence market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
Intel Corporation
NVIDIA
Xilinx
Samsung
Micron Technology
IBM Corporation
Microsoft Corporation
AWS
Key Factors Impacting the Growth of Artificial Intelligence Market:
The integration of artificial intelligence and machine learning are expected to influence the market growth.
Growth in adoption of virtual reality in the end-use industries
The factors that propel the growth of the artificial intelligence market include the significant improvements in commercial aspects of artificial intelligence advancements and deployment in dynamic artificial intelligence solutions that are propelling industry growth. Moreover, the rapid improvements in high computing power have contributed to the rising adoption of artificial intelligence and robotics in end-use industries such as healthcare, automotive, and manufacturing.
Key Developments in Artificial Intelligence Market:
The OECD is expected to launch the OECD AI Policy Observatory on 27 February 2020, which will be the online platform to shape and share AI policies. These Principles on AI include concrete recommendations for public policy and strategy. The general scope of these principles ensures they can be applied to AI developments, worldwide.
In January 2020, Microsoft Corporation revealed USD 40 million initiative in the global health challenges with AI technology. The initiative is based on the providing data science experts, technology, and other resources to the partner organizations in the global market to tackle health projects.
In June 2019, the companies Baker Hughes and C3.ai introduced BHC3 production optimization at its annual meeting in Florence, the second artificial intelligence (AI) application developed under the BHC3 strategic relationship.
In October 2019, the government of Abu Dhabi introduced world's first dedicated AI University in Masdar City with the latest state-of-the-art facilities and equipment, the university will offer both masters (two years) and PhD programmes (four years).
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The global artificial intelligence market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America governed the worldwide artificial intelligence AI market in terms of revenue in 2018, due to the presence of leading players within the region, strong technical adoption base, and availability of state funding.
Furthermore, the rising adoption of cloud services in the US and Canada is significantly contributing to the regional market. Also, the direct investment and direct involvement of the government in terms of money are expected to further propel the growth of the artificial intelligence market during the forecast period.
Market Segmentation:
By Offering
Hardware
Software
Services
By Technology
Machine Learning
Natural Language Processing
Context-Aware Computing
Computer Vision
By End-User Industry
Healthcare
Manufacturing
Automotive
Agriculture
Retail
Others
By Region:
North America
By Country (US, Canada, Mexico)
By Offering
By Technology
By End-User Industry
Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Offering
By Technology
By End-User Industry
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Offering
By Technology
By End-User Industry
Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Offering
By Technology
By End-User Industry
Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Offering
By Technology
By End-User Industry
Rest of the World
By Region (South America, Africa)
By Offering
By Technology
By End-User Industry
Reasons to Buy This Report:
Market size estimation of the artificial intelligence market on a regional and global basis
Unique research Usage for market size estimation and forecast
Profiling of major companies operating in the artificial intelligence market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the artificial intelligence market
Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 121 364 6144
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com
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