Artificial Intelligence Market by Offering ( Software, Services), Technology (Machine Learning, Natural Language Processing,Image Processing, Speech Recognition, Context-Aware Computing, Computer Vision), End-User Industry, and Geography - Global Forecast

The global artificial intelligence market size is expected to reach $169,411.8 million in 2025, from $4,065.0 million in 2016 growing at a CAGR of 55.6% from 2018 to 2025. Artificial intelligence has been one of the fastest-growing technologies in recent years. AI is associated to human intelligence with similar characteristics such as language understanding, reasoning, learning, problem solving, and others. Manufacturers in the market witness enormous underlying intellectual challenges in the development and revision of such a technology. AI is positioned at the core of the next gen software technologies in the market. Companies such as Google, IBM, Microsoft, and other leading players have actively implemented AI as a crucial part of their technologies.The report focuses on the growth prospects, restraints, and artificial intelligence market trends. The rise in number of innovative start-ups and advancements in technology have led to increase in investment in artificial intelligence technologies. Moreover, growth in demand for analyzing and interpreting large amounts of data is boosting the demand for artificial intelligence industry solutions. Furthermore, development of more reliable cloud computing infrastructures and improvements in dynamic artificial intelligence solutions have a strong impact on the growth potential of the AI market. However, lack of trained and experienced staff can hinder the growth of the artificial intelligence industry.

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The study provides Porter’s five forces analysis of the AI industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the artificial intelligence market growth. Report also provides industry forecast for the period of 2017 to 2022.The AI market is segmented by technology, industry vertical, and geography. The various technologies are sub-divided into machine learning, natural language processing, image processing, and speech recognition. Based on industry verticals, the market is categorized into media & advertising, retail, telecom & IT, healthcare, automotive & transportation, and others (agriculture, law, educational institutions). Geographically, the artificial intelligence market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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According to technology segment, artificial intelligence market size was highest for the machine learning segment and is expected to maintain this trend in the coming years, owing to increase in demand for artificial intelligence industry solutions.
In 2017, North America region contributed for the highest AI market share and is anticipated to secure the leading position during the forecast period, owing to the presence of key companies and large investment in the artificial intelligence industry.
Competition Analysis
Competitive analysis and profiles of the major artificial intelligence market leaders, such as Alphabet (Google Inc.), Apple Inc., Baidu, IBM, IPsoft, Microsoft Corporation, MicroStrategy, Inc., NVIDIA, Qlik Technologies Inc., and Verint Systems Inc (Next IT Corp) are provided in this report. The key strategies adopted by the key players from 2015 to 2018 were product launches, acquisitions, and collaboration.
Over the last few years, the major artificial intelligence market players went toe-to-toe with each to deliver the best application based on AI and though companies do not intend to replace humans, they surely want to make robots more humane. For instance, the recently launched Samsung’s Neon project.
The company emerged from Samsung Technology and Advanced Research Labs debuted its technology at CES 2020 and flaunted AI-based virtual being, which is named Neon. Neon is artificially created a virtual being that appears and behaves like a real human and even manifests emotions and intelligence.
In another news, the pioneer in AI, IBM announced the launch of an advertising accelerator collaborating with Watson. The new offering would leverage AI to anticipate the optimal combination of various elements to increase engagement and conversion for consumers. The new technology is expected to use the abilities of Watson to develop campaigns that can understand and engage customers.
Apart from this, several startups are heading toward the artificial intelligence industry. For instance, HoloAsh recently got accepted into 500 startups in Kobe. Moreover, the startup is expected to launch its new product, LeaVoice at CES 2020. HoloAsh has been working on AI-based LeaVoice, an AI friend that could help reduce stress by creating a safe space for people who often feel that they do not fit into society.
Key Benefits for Stakeholders

The report provides an extensive analysis of the current and emerging market trends, and dynamics in the global artificial intelligence market.
Key market players within the artificial intelligence market are profiled in this report and their strategies are analyzed thoroughly, which help in understanding the competitive outlook of the global AI industry.
In-depth analysis is conducted by constructing market estimations for the key market segments between 2018 and 2025.
Extensive artificial intelligence market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities in these geographies.

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