Press release
Global Artificial Intelligence Market: Growing Number of Artificial Intelligence Applications Noticed by Variant Market Research
Variant Market Research
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Adoption of ITS (intelligent tutoring systems) in the learning process to drive the globalartificial intelligence market industry
The global artificial intelligence market is driven by factors such as adoption of ITS (intelligent tutoring systems) in the learning process, increasingly large and complex dataset, and growing number of AI applications. Lack of low-cost & energy-efficient hardware which shackles its adoption among small & medium businesses may hamper the market growth. Furthermore, ongoing R&D, and implementation of ITS (intelligent tutoring systems) in the learning process would provide an opportunity for market players of artificial intelligence market.
Market Segmentations
The global artificial intelligence market is classified into technology, end-user, and geography. Technology segment includes machine learning, deep learning, natural language processing, and machine vision. Healthcare, law, BFSI, advertising & media, retail, automotive and transportation, manufacturing, agriculture, and other end-users are covered under the end-user sub segment. North America (U.S., Mexico, and Canada), Europe (France, Germany, UK, Italy, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in the global artificial intelligence market.
Natural language processing, by technology, is estimated to dominated the global market in 2016
Natural language processing held for the highest market share in 2016, and expected to continue its dominance over the forecast period, 2016 – 2024, due to growing operation of NLP for the development of consumer services in retail sector. Other factors of NLP such as AI-enabled smartphones, artificial intelligence and robotics, and car-infotainment system is also likely to support in the global artificial intelligence market growth.
Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/artificial-intelligence-market/toc
Healthcare by end-user, is estimated to witness fastest CAGR from 2016 to 2024
Artificial intelligence inhealthcare is predicted to grow at a fastest CAGR over the forecast period 2016 to 2024. The growth is attributed to growing application of AI technologies in drug discovery, disease diagnosis, and patient care. Artificial intelligence in automotive is anticipated to grow at significant growth rate over the forecast period 2016 – 2024.
North America is estimated to witness fastest CAGR from 2016 to 2024
North Americaheld thelargest market share and is predicted to grow at a fastest CAGR over the forecast period 2016 to 2024. The growth is attributed to widespread applications of AI in several end-use industries like agriculture, media and advertising, transportation & automotive, BFSI, and retail among others. Moreover, emerging countries China, Nepal, Singapore, and Pakistan, among others are witnessing significant growth rate over the forecast period 2016 – 2024.
To browse the complete report, visit at https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/artificial-intelligence-market
Competitive Landscape
The key market players of the market are Google Inc., Microsoft Corporation, NVIDIA Corporation, IBM Corporation, Intel Corporation, Qlik Technologies Inc., Next IT Corp., Brighterion, Inc., MicroStrategy, Inc., and IPsoft, among others.
Scope of the Global Artificial Intelligence Market
Technology Segments
• Deep Learning
• Machine Learning
• Natural Language Processing
• Machine Vision
End-User Segments
• Healthcare
• BFSI
• Law
• Retail
• Advertising & Media
• Automotive & Transportation
• Agriculture
• Manufacturing
• Other End-Users
Geographical Segments
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Rest of Europe
Asia-Pacific
• India
• China
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• South America
• Middle East
• Africa
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
Contact Us:
Michael Mendes
Head - Sales
Variant Market Research
649 Mission St, 5th Floor, San Francisco, CA 94105, United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786
Email: michael.mendes@variantmarketresearch.com
Email: help@variantmarketresearch.com
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