Artificial Intelligence Market Specifies Prime Growth by 2028 | Leading Companies IBM Corporation, NVIDIA Corporation, Nuance Communications, Inc., Microsoft, Intel Corporation, DeepMind Technologies Limited, Koninklijke Philips N.V., General Vision Servi

The Artificial Intelligence Market analysis offers historical and current scenario of the global market, offering competency-based analysis and global market estimates. The Artificial Intelligence Market analysis provides a comprehensive investigation into the geographical landscape and industry size, along with revenue estimation of the business.

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Artificial intelligence (AI) is the term used to describe the process of creating unique systems with the use of software and algorithms that are capable of carrying out specific tasks without the guidance or participation of humans. A variety of technologies, including machine learning, reasoning, vision, and natural language processing are combined to create artificial intelligence. Artificial intelligence is mostly employed in the medical field to investigate the connection between patient outcomes and therapeutic approaches.

Medical procedures including drug development, diagnostic procedures, tailored treatments, etc. use AI systems. AI may, for instance, assist clinical procedures by posing queries and providing patients with prescriptions. Artificial intelligence (AI) systems can be utilised in medical procedures, as well as for image interpretation, therapy planning, information retrieval, and alerting and reminding people.

Key Factors Impacting Market Growth:

One of the key factors driving the growth of the global artificial intelligence in healthcare market is the expanding use of digital technologies in the industry to lower healthcare costs and provide patients with higher-quality patient care services. The number of patients at hospitals is rising as a result of the rising prevalence of numerous chronic diseases and the ageing population. Every day, a sizable amount of patient health data is produced; this data must be adequately kept and maintained.

The market for artificial intelligence in healthcare is being heavily influenced by the rising demand for tailored medications and the requirement to preserve digital health data. Artificial intelligence and machine learning, two cutting-edge technologies, are now being incorporated into healthcare systems, enabling medical personnel to identify ailments earlier and provide patients with better care. Additionally, the use of data analytics, deep learning technologies, natural language processing (NLP), predictive analytics, and content analytics is assisting medical professionals in providing early diagnosis and care.

Recent Development:

•In August 2021, Philips introduced two HealthSuite solutions that facilitates in the integration of the informatics with the health systems, which can be scaled as per the requirements.

•In May 2021, IBM introduced its nanometer chip technologies. With the healp of the artificial intelligence and cloud technologies, the efficiency and performance of the chips can be increased.

•In April 2021, Nvidia introduced A10 and A30 GPU for the enterprise servers. It also introduced Morpheus that allows the cybersecurity developers to detect cyber breaches suing AI technology.

•In April 2021, IBM introduced its advanced storage systems that facilitated in the simplification of access to data and its availability for artificial intelligence and cloud application.

•In September 2019, GE Healthcare entered into partnership with five software developers in China to work on the development of Edison AI platform.

Key Players

The Artificial Intelligence Market studied is a discreetly consolidated market owing to the existence of the small and large market players. Some of the market players are IBM Corporation, NVIDIA Corporation, Nuance Communications, Inc., Microsoft, Intel Corporation, DeepMind Technologies Limited, Koninklijke Philips N.V., General Vision Services, Cloudmex Inc., Oncora Medical, Inc, General Electric X-ray Corporation, Siemens Healthineers AG, Medtronic, Anju Life Sciences Software, CareSkore, Inc, Linguamatics, Enlitic, Inc., Lunit Inc., CureMetrix Inc.

Segment analysis

Market segmentation is the process of dividing target market into clearly defined subgroups of consumers who have common priorities. By identifying these segments, marketing strategies can be developed to meet the priorities in a cost-effective way. Artificial Intelligence Market is segmented as By Offering {Hardware (Processor, Memory, Network) Software AI Solutions, AI Platform, Services, Deployment & Integration, Support & Maintenance}, By Technology { Machine Learning ( Deep Learning, Supervised Learning, Unsupervised Learning, Others) , Natural Language Processing, Context-Aware Computing, By Application (Robot-assisted Surgery, Virtual Nursing Assistant, Administrative Workflow Assistance, Fraud Detection, Clinical Trial Participant Identifier, Preliminary Diagnosis, Others), By End-User (Hospitals and Diagnostic Centers, Pharmaceutical and Biopharmaceutical Companies, Healthcare Payers, Patients, Others)

Regional analysis

The market across North America held the largest share, owing to adoption of advanced technology. However, the market across the Asia-Pacific region is projected to register the fastest CAGR during the forecast period, due to growth of emerging countries such as India, South Korea, Japan, and China, and rapid urbanization in the region.

Regions mention in this report is:

North America: US, Canada, Mexico
Europe: Russia, Turkey, Germany, UK, France, Spain, Rest of Europe
Middle East & Africa: UAE, Saudi Arabia, Qatar, Iraq, South Africa Rest of Middle East & Africa
South America: Brazil, Argentina, Colombia, Rest of South America
Asia Pacific: China, Japan, India, South Korea, Australia Rest of Asia Pacific

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The study of the market includes

• Explanation of consumer preferences, trends, opportunities, and factors impacting worldwide grid-scale power storage technologies, as well as an analysis of current industry trends.

• Market share study by end-user, service, application, and region

• Investments in R&D and demonstration projects are covered, as well as a full overview of Artificial Intelligence Market.

• Assessment of regulatory trends and incentives, regional economic development rate, implementation timeline, and environmental constraints

Purchase this report for the following reasons:

• The Artificial Intelligence Market research provides a detailed examination of evolving competitive dynamics.

• It provides a forward-looking viewpoint on numerous driving variables or market evolution prevention strategies.

• It presents a six-year prediction based on how the Artificial Intelligence Market t is expected to expand. It aids in the knowledge of major product areas and their future prospects in the Artificial Intelligence industry.

• It gives a precise understanding of changing competitive dynamics and keeps one-step ahead of the competition.

• It assists in making informed commercial decisions by providing complete market insights and extensive market segment analyses.

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