openPR Logo
Press release

Artificial Intelligence Market is Predicted to See Lucrative Gains Over 2017-2025 Covid-19 Analysis | eGain Corporation, QlikTech International AB, Microsoft Corporation

08-02-2021 07:10 AM CET | IT, New Media & Software

Press release from: TMR Research

Artificial Intelligence Market is Predicted to See Lucrative

Global Artificial Intelligence Market: Snapshot

In spite of the fact that AI is a branch of software engineering, today there’s no field which is left unaffected by this innovation. The point is to train the machines to think insightfully simply the way people do. Till now, the machines have been doing what they were advised to do yet with AI they will have the capacity to think and act like a human.

Get Free Sample of Research Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2858

Today tech mammoths like Google, Microsoft, and IBM are very associated with concentrate building up the innovation which has just begun bringing a progressive change. In spite of the fact that it will shape our future, yet we have to know how it’s influencing our present life. AI has right now changed business administration through joining of different instruments, for example, work process administration devices, and others.

These factors expected to weigh in heavily in the coming years, since machine-learning calculations would soon be utilized for counteracting installment fakes and cyber terrorism. Besides, AI is evaluated to strongly affect innovations in health care and prompt more exact medications and aversion of therapeutic conditions. Artificial Intelligence has seen gigantic development in the ongoing past because of the need for headway in the arena of machine learning, protest perception and recognition. The fast take-up of artificial intelligence in end-use ventures, for example, retail and business analytics is predicted to heavily impact the growth of the global artificial intelligence market in the coming years.

Global Artificial Intelligence Market: Overview

Globally, the trend of using artificial intelligence across various industries, particularly healthcare and consumer electronics is increasing because of the numerous benefits AI offer. This trend is likely to continue to grow in the upcoming years. The global market for artificial intelligence is predicted to see a tremendous growth in the years to come as the organizations are now leveraging on the advantages of phenomenal technologies like these for the efficient positioning of their services and to expand their consumer reach. Additionally, the increasing investments by enterprises to improve the quality of the services and products will push the demand for AI.

As per TMR Research, the global market for artificial intelligence to register a tremendous 36.1% CAGR between 2016 and 2024, that comes up to US$3061.35 bn by the end of 2024 from US$126.14 bn in 2015.

To know more about the table of contents, you can click @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=2858

Global Artificial Intelligence Market: Drivers and Restraints

A large number of companies today are concentrating on many different groundbreaking technologies so as to be able to reach out to the customers easily. This happens to be one of the main reasons boosting the global market for artificial intelligence. Such technologies consist of effective marketing practices like social, mobile, analytics and cloud technologies (SMAC) that help the companies to have strong control in the digital business. The need for this market is also arising due to the extended usage of artificial intelligence in various sectors such as E-Commerce, BFSI, retail, health informatics, to name a few. The rise in IT expenditure by companies throughout the globe in the hope of developing enhanced and efficient products will also drive the global artificial intelligence market.

The global market for artificial intelligence is currently facing challenges due to lack of investments. Many of the companies that offer artificial intelligence services have issues in accumulating funds in the initial levels for development and research. This dearth of investment is adversely impacting the task of creating new prototypes along with other technologies. Also, there is a lack of trained professionals in the market to solve advanced technical problems. This lack of professionals also happens to be an important reason in the growth of the global market for artificial intelligence as a whole.

Global Artificial Intelligence Market: Regional Outlook

In the year 2015, North America contributed the most in terms of revenues and it accounted for around 38% of the entire market. The presence of a large number of technology companies is behind the growth of the market for artificial intelligence in North America. Plus, the large investments by the government have proven to be of great help in the technological growth of artificial intelligence in the region. The increased scope of usage of this technology in so many sectors, including retail, BFSI, consumer electronics, media and advertising, and automotive, equally help this market in the North America. Because of these reasons, this region is slated to keep its leadership with it throughout 2024. The Middle East and Africa is expected to register a noticeable CAGR of 38.2% throughout the assessment period, that is the highest in any area. Technological advancements, like the robotic automation, and the rise in the adoption of smart cities, gives impetus to the acceptance of artificial intelligence in the region. The current infrastructure plans like the creation of new airports is making the market in the Middle East and Africa to be full of opportunities.

Read Comprehensive Overview of Report @ https://www.tmrresearch.com/artificial-intelligence-market

Global Artificial Intelligence Market: Competitive Landscape

Many of the players are finding it difficult to gather funds for their research which is in early stage. Market players need funds for developing prototypes of their underlying technology and the lack of it is restricting their research. Some of the prominent players within the market include: Nuance Communications, Next IT Corporation, MicroStrategy Inc., eGain Corporation, QlikTech International AB, Microsoft Corporation, Google Inc., Brighterion Inc., IBM Corporation, and IntelliResponse Systems Inc.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to busi-ness entities keen on succeeding in today’s supercharged economic climate. Armed with an experi-enced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Contact:

TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Artificial Intelligence Market is Predicted to See Lucrative Gains Over 2017-2025 Covid-19 Analysis | eGain Corporation, QlikTech International AB, Microsoft Corporation here

News-ID: 2342940 • Views: 171

More Releases from TMR Research

Oil Storage Market Highlights On Future Development 2025 | Marquard & Bahls AG
Global Oil Storage Market: Snapshot Key oil product storage types include those meant for crude oil, gasoline, aviation fuel, as well as middle distillates such as diesel, fuel oil, marine bunker fuels, naphtha, kerosene, gas oil, and petrol. Oil storage provides a greater level of constancy in costs of these products through the removal of fluctuations in the short term supply market for crude and all its derivatives. The Middle East
Drill Pipe Market Robust pace of Industry during 2017-2025
Global Drill Pipe Market - Snapshot The incessantly growing demand for energy coupled with the growing demand for finding new offshore reserves is helping to drive the growth of the global drill pipe market. The dwindling production from the onshore oil fields is driving the demand for new and innovative drilling technologies. The newest advancement in these drilling technologies such as horizontal drilling and pad drilling have enhanced the efficiency of
Steam Turbine Market Sluggish Growth Rate Foreseen by 2017-2025 | Siemens, Gener …
Global Steam Turbine Market: Snapshot With the assistance of blades joined to a rotor, the steam turbines change thermal energy of steam into mechanical energy. The turbine begins to turn when steam of high pressure goes through the succession of rotor blades. With the developing populace over the world, and robust urbanization in developing economies, the continuous demand for power and energy is heightening reliably, and therefore, the demand in the
Power Transmission Components Market Detailed Analysis and Forecast 2017-2025 | …
Global Power Transmission Components Market: Overview Advancement of several industries and robust urbanization have set off a noteworthy rush of power and energy in the last couple of years. This has raised worries about high utilization of energy and has started a discussion among countries to devise approaches to check power a use. Altogether, the two variables have brought about a colossal interest for control transmission components, which are known to

All 5 Releases


More Releases for Artificial

Artificial Paintings Releases NFT
Artificial Paintings - a tech company that trained AI to create works of digital art - has transformed its AI-driven digital paintings into NFTs. The company has already presented more than a hundred of NFTs and plans to keep releasing more. An NFT (non-fungible token) is a unique piece of digital artwork stored on a digital ledger. Non-fungible means that the digital asset is not interchangeable. In 2021, the NFT
Artificial Blood Market Development
Artificial Blood Market Potential According to the World Health Organization (WHO), there are around 50,000 stem cell transplantations performed annually worldwide, which include 2,000 cord blood hematopoietic stem cell transplants performed each year. Use of stem cells from cord blood is increasing, as it does not require perfect human leukocyte antigen (HLA) tissue matching, can be used allogenically, and has less incidence of graft v/s host disease. According to the New
Artificial intelligence for industrial microbiology
Munich, Germany, November 23, 2017 - vermicon AG, the specialist for microbiological solutions, is launching the new Scan VIT® system for analysis of microorganisms. It is able to quantify and specifically identify single cells directly and without time-consuming enrichment steps. A fully automated analysis evaluation is provided by the intelligent VIT® Vision software, which is the centerpiece of the new, patented technology. In contrast to conventional rapid test methods, the
Artificial Blood Market
Artificial blood is an artificially developed substitute for red blood cells. For decades, scientists have been trying to develop artificial blood from various sources and through different methods to address the shortage of blood for transfusions. Inadequate number of blood donors and the criticality of blood-type rejection have encouraged researchers to develop artificial blood, thus reducing the dependency on blood donors. Transfusion of red blood cells (RBCs) is a standard
Artificial Blood Market
Artificial blood is an artificially developed substitute for red blood cells.  For decades, scientists have been trying to develop artificial blood from various sources and through different methods to address the shortage of blood for transfusions. Inadequate number of blood donors and the criticality of blood-type rejection have encouraged researchers to develop artificial blood, thus reducing the dependency on blood donors. Transfusion of red blood cells (RBCs) is a standard and
Global Artificial Intelligence Market
According to a new report, Global Artificial Intelligence Market (2016-2022), published by KBV Research, the global artificial intelligence market is estimated to reach USD 16,274.0 Million by 2022, at a CAGR of 44.5% from 2016 to 2022. The North America market dominated the Global Artificial Intelligence Market in 2015, and would continue to be a dominant market till 2022; thereby growing at a CAGR of 42.7% during the forecast period.