Press release
Artificial Intelligence Market to Reach US$3,061.35 bn by 2024, Deployment in Disruptive Technologies Drives Growth
Growing companies focusing on various disruptive technologies for effective customer reach is one of the major factors accelerating the demand for artificial intelligence worldwide. These include marketing activities such as social, mobile, analytics, and cloud (SMAC) technologies which help in transforming the enterprise into a global digital business. Market demand is also increasing with the expanding application base of artificial intelligence across various sectors such as health informatics, BFSI, E-commerce, and retail, among others. This is leading to rising IT spending by enterprises across the world for better advancement in their products and services. The global artificial intelligence market is currently challenged by the low upfront investment across the world. Most artificial intelligence companies are facing difficulties in accumulating the early stage funds for research and development of prototypes and supporting technologies. Market growth is also inhibited by high demand for skilled resources to carry out highly technical tasks involved in artificial intelligence.
Avail a Sample Research Study on Artificial Intelligence Market
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4674
The global artificial intelligence market has been segmented on the basis of artificial intelligence system types as artificial neural network, digital assistance system, embedded system, expert system, and automated robotic system, with expert system accounting for approximately 44% market revenue share in 2015. The segment is anticipated to maintain its supremacy throughout the forecast period from 2016 to 2024. Digital assistance is expected to be the fastest growing segment in the global artificial intelligence market. This is majorly supported by growing usage of portable computing devices including smartphones and tablets across the world. Growing accessibility of these devices with more advanced features and cost-effectiveness is expected to drive the demand for digital assistance systems throughout the forecast period from 2016 to 2024.
Browse the full Market Research Report :
http://www.transparencymarketresearch.com/artificial-intelligence-market.html
In terms of application, deep learning accounted for the highest market share in 2015 (21.6% of global revenue), followed by smart robots. Image recognition is expected to be the high-in demand application for the artificial intelligence market over the forecast period. This is mainly driven by one of the emerging technologies, namely, affective computing which is considered to hold promising growth for the artificial intelligence market in the coming years.
The global artificial intelligence market has been segmented as below:
Global Artificial Intelligence Market, Types
Artificial Neural Network
Digital Assistance System
Embedded System
Expert System
Automated Robotic System
Global Artificial Intelligence Market, By Applications
Deep Learning
Smart Robots
Image Recognition
Digital Personal Assistant
Querying Method
Language Processing
Gesture Control
Video Analysis
Speech Recognition
Context Aware Processing
Cyber Security
Global Artificial Intelligence Market, By Geography
North America (NA)
Europe (EU)
Asia Pacific (APAC)
Middle East & Africa (MEA)
Latin America (LATAM)
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Mr. Sudip. S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com/
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 to Reach US$3,061.35 bn by 2024, Deployment in Disruptive Technologies Drives Growth here
News-ID: 333727 • Views: …
More Releases from Transparency Market Research
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the…
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359
Key Players and Market Developments
Key players…
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period.
Moreover, the market is expected…
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market.
Vascular closure devices is estimated to reach a value of ~US$ 1 Bn…
More Releases for Artificial
Global Artificial Intelligence Market, Global Artificial Intelligence Industry, …
Major players in the artificial intelligence market are Google, IBM, Baidu, Microsoft, Apple Inc., Ipsoft, NVIDIA Corporation, Samsung Electronics Co.Ltd, and Micro Strategy Inc.
The Global Artificial Intelligence Market is expected to grow from USD 28.42 billion in 2019 to USD 40.74 billion in 2020 at a compound annual growth rate (CAGR) of 43.39%. The growth is mainly due to the COVID-19 health emergency across the globe that has led to…
Artificial Iris Market - Industry Analysis, Size, Share, Growth, Trends, and For …
The global Artificial Iris Market is anticipated to gain the market worth of US$ 16.28 million by 2025, expanding at a CAGR of 6.39% during the forecast period 2019-2025. The natural pupil controls the amount of light that enters the eye and people with pupil or iris abnormalities may experience glare or haloes in sunlight or bright artificial light. Patients may also feel self-conscious about the appearance of their eyes…
Global Artificial Organs Market Facts, Figures and Analytical Insights, 2018 to …
Artificial Organs Market Introduction
Artificial organ is an engineered device or tissue that is implanted into the human body. These artificial organs replace a natural organ in order to duplicate a specific function so that the patient can return to a normal life. It is a medical device with biochemical or mechanical function such as lung, heart, liver, kidney, or neurosensory organs.
Artificial organs are surgically implanted or are extra…
Artificial Turf Market – Sophisticated Need 2025 | Artificial Lawn, GrassTex
Global Artificial Turf Market: Overview
Artificial turf has garnered much popularity over the past decades due to the powerful appeal of many of its benefits. It has become a ubiquitous part of schools, colleges, municipalities, and state government buildings. Benefits such as the need for no garnish or irrigation, easy installation, and suitability in enclosed, arched, or enclosed spaces, wherein the lack of adequate sunshine may make the maintenance of natural…
Artificial Turf Market – Global Need Assumptions 2025 | Artificial Lawn, Grass …
Global Artificial Turf Market: Snapshot
Growth opportunities abound in the global market for artificial turf as residential and commercial property owners increasingly focus on ways of keeping lawns green even during the rising incidences of draughts across the globe. Along with providing an easy way of conserving the water otherwise spent on keeping natural grass alive, artificial grass, or artificial turf as it is often referred to, helps eliminate the need…
Artificial Organ Bank Market, Artificial Organ Bank Industry, Global Artificial …
Latest industry research report on: Global Artificial Organ Bank Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Organ necessity is surpassing the supply of donated organs. Even today there are loads of patients waiting for organ transplant but not everyone can get it done due to the low supply of organ transplant.According to the American Transplant Foundation in United States about 123,000 patients are waiting…
