Artificial Intelligence Software Market SWOT Analysis by Future Insights | Amazon Web Services, Baidu, Inc., Cisco, Facebook, Google Inc , General Electric, IBM Corporation, Intel Corporation

Artificial intelligence (AI) software is a mainframe program that duplicates human behavior by learning from different insights and data patterns. Various types of AI software include artificial intelligence platforms, chatbots, deep learning software, and machine learning software. Furthermore, AI software have number of features such as virtual assistant, voice and speech recognition, and machine learning. Various types of businesses use artificial intelligence software integrated with machine learning to streamline their business processes and structure their data to get better data insights. In addition, owing to rise in technology advancements, the AI software market is expected to witness exponential growth in the future.

Rise in adoption of cloud-based applications and services and focus on improvement of operational efficiency in enterprises are the major factors that drive artificial intelligence software market growth. In addition, increase in demand for intelligent virtual assistants and growth in adoption of big data analytics among SMEs are expected to supplement the artificial intelligence software market growth. However, lack of technical expertise and management of complex software hamper the market growth. Furthermore, adoption of various technologies such as internet of things (IoT), machine learning, and industry 4.0. is expected to provide lucrative opportunities for the global artificial intelligence software market.

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Big data has a key role in data mining and handling enormous amount of data generated. It is considered among the emerging trends in the artificial intelligence market. In addition, rise in amount of structured and unstructured data in organizations creates demand for big data applications. AI and big data help in analyzing information by learning from patterns and helping companies to take smart decisions. Hence, enterprises are implementing big data enabled AI solutions.

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Companies are adopting strategies a mergers, acquisitions and launching new products to sustain in the artificial intelligence software market and gain a competitive edge. For instance, in 2019, Apple Inc. acquired laser-like, a small Silicon-Valley based machine learning startup to strengthen its artificial intelligence efforts, including virtual assistance called Siri.

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Major players include : Amazon Web Services (U.S), Baidu, Inc. (China), Cisco (U.S), Facebook (U.S), Google Inc (U.S), General Electric (U.S), IBM Corporation (U.S), Intel Corporation (U.S), Micron Technology (U.S), Microsoft Corporation (U.S), NVIDIA (U.S), Oracle Corporation (U.S), Rockwell Automation (U.S), Samsung Electronics (South Korea), Salesforce (U.S), SAS (US), SAP SE (Germany), Siemens AG (Germany), and Xilinx, Inc. (U.S)

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