Press release
Artificial Intelligence (AI) Market Trends, Size, Forecast - 2018-2023
The global artificial intelligence market size was estimated at USD 20,820 million in 2018 and expected to grow at significantly high CAGR 35.5% during 2018-2023. The market is growing at a rapid rate due to the rise in the investment in AI technology by big market players. AI emphasizes the creation of intelligent machines that work and reacts like humans. AI will transform each and every business and have the potential to increase profits, market share and revenue. Companies such as Apple, Baidu and Google are working on suites of technology along with it, they are extensively focused on their AI business as well. Amazon is working on robotics and speech recognition, Salesforce on machine learning and virtual agents. BMW, Tesla, and Toyota are also taking interest in robotics and machine learning to develop driverless cars.Request a free sample of our report on Artificial Intelligence (AI) Market: https://www.omrglobal.com/request-sample/artificial-intelligence-market
Increased investment and funding for AI startups are significantly contributing in the market growth. AI offers productivity enhancement service for various industries which will increase its adoption in diversified applications. The other factors that are boosting the market growth of the global AI market include growth in big data and growth in the adoption of cloud-based services. Further, a collaboration between IoT and AI will also significantly drive the growth of the market.
However, lack of availability of greater volumes and sources of data and limited skilled professionals will hinder the market growth. Focused high-tech automobile giants such as Tesla and BMW for autonomous cars will further influence the AI market in near future.
A full report of Artificial Intelligence (AI) Market is available at: https://www.omrglobal.com/industry-reports/artificial-intelligence-market
Global AI market is segmented on the basis of technology, end-user industry, region, and offerings. On the basis of technology, the market is segmented into natural language generation, speech recognition, virtual agents, machine learning, robotic process automation, biometrics, text analytics & natural language processing and AI optimized hardware. On the basis of end-user industry, the market is segmented into journalism, entertainment, online retail stores, automobile sector, healthcare, banking and finance, manufacturing, home appliances, online customer support. On the basis of the offering, the market is segmented into hardware, software, and services.
Artificial Intelligence (AI) Market Segmentation
By Technology
• Natural Language Generation
• Speech Recognition
• Virtual Agents
• Machine Learning
• Robotic Process Automation
• Biometrics
• Text Analytics and Natural Language Processing
• AI Optimized Hardware
By End-User Industry
• Journalism
• Entertainment
• Online Retail Stores
• Automobile Sector
• Healthcare
• Banking and Finance
• Manufacturing
• Home Appliances
• Online Customer Support
By Offerings
• Hardware
• Software
• Services
Competitive Landscape
• Key Strategies
• Key Company Analysis
Regional Analysis
• North America
o United States
o Canada
• Europe
o United Kingdom
o France
o Germany
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o India
o China
o Japan
o Rest of Asia-Pacific
• Rest of the World
Company Profiles
• AIBrain, Inc.
• Artivatic Data Labs Pvt Ltd.
• Amazon.com, Inc.
• Anki, Inc.
• Apple, Inc.
• CloudMinds, Inc.
• DeepMind Technologies Ltd.
• Facebook, Inc.
• Google, Inc.
• Microsoft Corp.
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/artificial-intelligence-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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About us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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