Press release
Global Artificial Intelligence Market to be Driven by Rising Adoption of Technology in the Forecast Period of 2023-2028
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
Artificial Intelligence Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2020): USD 1.2 Trillion
Forecast CAGR (2023-2028): 23%
Forecast Market Size (2026): USD 6 Trillion
The global artificial intelligence market witnessed significant growth in the historical period due to increasing investment in technology and rising awareness among the end-use consumers. This was further fuelled by tight competition among the end-users to survive in the growing market.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/artificial-intelligence-market/requestsample
North America dominated the market in 2020. This domination can be attributed to positive government policies encouraging the adoption of artificial intelligence (AI) across multiple industries. The Asia Pacific region is expected to grow significantly in the forecast period due to dramatically increased investments in artificial intelligence. In addition, a rising number of AI start-ups in the region are accelerating the use of AI to increase operational efficiency and enable process automation.
Artificial Intelligence Industry Definition and Major Segments
Artificial intelligence (AI) refers to technology that can perform operations that normally need human comprehension, such as visual perception, speech recognition, decision-making, language translation and problem solving based on past experiences.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/artificial-intelligence-market
Based on solution, the market can be categorised into the following:
Hardware
Software
Services
Based on the technology, the market can be bifurcated into:
Machine Learning
Natural Language Processing (NLP)
Context-Aware Computing
Computer Vision
Robotics
Based on the type, the market can be divided into two segments, such as:
Narrow/Weak AI
General/Strong AI
The market can be divided into following segments based on the end-use, such as:
Healthcare
BFSI
Automotive and Transportation
Security
Aerospace
Defence
Agriculture
Retail
Financial
Manufacturing
Advertisement and Marketing
Others
The regional market for artificial intelligence includes:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Artificial Intelligence Market Trends
As industries begin to traverse the modern technological revolution, they are looking for dependable and competent technology partners. Deep learning models handle vast amounts of data, such as photos, texts, and sounds, using artificial neural networks to produce accurate results. AI-powered automation has proven effective in a wide range of industries, including aviation, medical, agriculture, energy, and material handling. Not only is AI being used to automate operations, but it is also being utilised to troubleshoot equipment faults or uncover product flaws. Despite these developments, AI is still incapable of abstract art or creativity. This means that an ever-changing workforce trained in robots and modern manufacturing is required. The only restraining factor to this market is the lack of experts with AI still growing from a nascent stage which would only last for the few initial years as more and more professional rise through the ranks.
Key Market Players
The major players in the global market are Google LLC, Microsoft Corporation, IBM Corporation, Intel Corporation, Cisco Systems, Inc., Apple Inc., and NVIDIA Corporation, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Data Storage Market: https://www.marketwatch.com/press-release/global-data-storage-market-is-anticipated-to-be-driven-by-huge-demand-from-the-digital-market-for-storage-solutions-in-the-forecast-period-of-2023-2028-2023-04-05?mod=search_headline
Insulin Pens Market: https://pashudhanjsnk.org/insulin-pens-market-report/
Gift Cards Market: https://articlezone24.com/2023/04/10/unlocking-the-lucrative-potential-of-the-gift-cards-market-trends-forecast-and-growth-opportunities/
Freeze-Dried Food Market: https://expostworld.com/freeze-dried-food-market-size-report/
Guidewires Market: https://fashionsdiaries.com/guidewires-market-report/
Smart Grid Analytics Market: https://mediatimenews.com/smart-grid-analytics-market-report/
Mud Pumps Market: https://sterlingnewshub.com/global-mud-pumps-market-analysis-growth-trends-industry-size-and-forecast-2023-2028/
Yoghurt Market: https://blosguns.com/expanding-yoghurt-market-comprehensive-analysis-of-size-share-price-trends-growth-and-forecast-2023-2028/
North America Ceramic Tiles Market: https://theblogmystery.com/north-america-ceramic-tiles-market-report/
Battery Market: http://watchonsite.com/battery-market-size-report-forecast-2023-2028/
Media Contact:
Company Name: Claight Corporation
Contact Person: Alex, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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 Global Artificial Intelligence Market to be Driven by Rising Adoption of Technology in the Forecast Period of 2023-2028 here
News-ID: 3008832 • Views: …
More Releases from Expert Market Research
Navigating the Quicklime Market: Trends, Opportunities, and Challenges
The quicklime market is driven by its diverse industrial applications, including steel manufacturing, water treatment, and construction. Growing infrastructure projects worldwide propel demand, particularly in emerging economies. Environmental regulations promoting sustainable practices also influence market dynamics, fostering innovation in production methods and waste utilization. Key players focus on enhancing product quality and expanding their geographical presence through strategic collaborations and acquisitions. However, volatile raw material costs and logistical challenges pose…
Construction Market Size, Share, Industry Growth, Analysis, Key Players, Report …
The global construction market is anticipated to witness substantial growth in the coming years, driven by factors such as rapid urbanization, infrastructure development projects, and technological advancements in construction techniques and materials. According to the report by Expert Market Research (EMR), the global construction market is projected to grow at a CAGR of 6.5% between 2024 and 2032, reaching significant market value by the end of the forecast period.
The construction…
Virtual Reality Gaming Market Size, Share, Industry Growth, Analysis, Key Player …
According to the report by Expert Market Research (EMR), the global virtual reality gaming market is anticipated to witness a substantial growth rate, with a projected CAGR of 29.7% during the forecast period from 2024 to 2032. The market's expansion is attributed to several factors, including technological advancements in virtual reality (VR) hardware and software, the growing popularity of eSports, increasing investment in VR gaming content development, and rising consumer…
Licensed Sports Merchandise Market Size, Share, Growth, Report and Forecast 2024 …
Licensed Sports Merchandise Market Outlook
According to the report by Expert Market Research (EMR), the global licensed sports merchandise market size reached a value of USD 35.70 billion in 2023. Aided by the increasing popularity of international sporting events, and the growing culture of fandom, the market is projected to further grow at a CAGR of 5.1% between 2024 and 2032 to reach a value of USD 55.97 billion by 2032.
Licensed…
More Releases for Market:
India Tractor Market, Tractor Industry, Market Revenue, Market Growth Analysis, …
How Is India Tractor Market Positioned?
In India two-third population is engaged in Agriculture. Tractors form an essential part of this sector. They bring the required efficiency and productivity country needs in its agricultural activity to compete on the international level. The Indian tractor Industry has made preponderant improvement in production capacity and in terms of production volumes. The industry has been successful in indigenization of the technology. The volume growth…
Global Optical Interconnects Market, Market Size, Market Shares, Market Growth A …
In integrated circuits, optical interconnects majorly refers to a system of transmitting signals from one fragment of an integrated circuit to another part which is using light. Optical interconnects have been in high demand due to the high latency and power consumption incurred by conventional metal interconnects in conveying electrical signals over long distances, such as in interconnects classed as global interconnects.
The International Technology Roadmap for Semiconductors (ITRS) has emphasized…
Global Cash Registers Market, Market Growth Analysis, Market Revenue, Market Out …
A cash register or automatic money handling system is a motorized or electric device for registration and calculating dealings at a point of sale. It is typically devoted to a drawer for storage cash and additional valuables. A modern cash register is generally attached to a printer which can print out incomes for record-keeping determinations. The electronics cash register delivers numerous features likes mall price and informal admittance. The rising acceptance of electronic cash register by…
Global Organic Food & Beverage Market | Market Size, Market Share, Market Trends …
The term 'organic' has gained much popularity since the last decade, which refers to the process of how certain foods are produced. Organic food is grown without the use of synthetic chemicals, such as human-made pesticides and fertilizers, and does not contain genetically modified organisms (GMOs). According to the recently published report titled, 'Global Organic Food & Beverage Outlook, 2026', by Bonafide Research the organic foods & beverage industry has…
Robotic Cardiology Surgery Market Insights Includes Market Share, Market Researc …
Robotic Cardiology Surgery Market
Global demand for cardiac surgery robots in 2025 will explode to $XXX billion. This represents an astonishing XX% growth yearly in terms of annual revenue between 2016 and 2025, and a cumulative market total of $7.50 billion during 2017-2025 owing to the substantial increase of robot-based and computer-assisted cardiological surgery procedures for heart disorders.
Global Robotic Cardiology Surgery Market 2016-2025: Market Size, Share, Forecast and Strategy is based…
Educational Robots Market, Market Segmentation, Market Report, Market Forecast
Global Educational Robots market valued USD 670 Million in 2017 and is likely to grow more than USD 2339.8 Million by 2025 with a compounded annual growth of 16.92% over the forecast period 2018-2025. The market growth is primarily driven by technological enhancements in the field of robotics and increasing use of robots for educational purposes. However, high initial research and development expenses hamper market growth. The main function of…
