Press release
Acquisition of asset base to offer never-ending opportunities in Artificial Intelligence market
Artificial intelligence market involves development of intelligent systems, which can perform tasks and behave normally, similar to humans. It is the simulation of human intelligence processes by machines, especially computer systems. These processes include learning, reasoning, and self-correction. Furthermore, artificial intelligence (AI) is poised to have a transformative effect on consumer products, defense applications, and others. The global artificial intelligence market is expected to grow at a CAGR of 46.5% from 2017 to 2025.Based on technology, the global artificial intelligence market is segmented as machine learning, natural language processing, image processing, and speech recognition. Based on industry verticals, the market is segmented as media & advertising, BFSI, IT & Telecom, retail, healthcare, automotive & transportation, and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
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Market Dynamics:
Drivers:
• Improved productivity.
• Diversified application areas.
• Big data integration drive.
Restraints:
• Lack of skilled workforce.
• Threat to human dignity.
Market Players:
The top players in the global virtual reality market include Google Inc., IBM Corp., Microsoft Corporation, IPsoft, Rocket Fuel Inc., Qlik Technologies Inc., MicroStrategy, Inc., Brighterion, Inc., 24/7 Customer, Inc., and Next IT Corp.
MARKET LANDSCAPE
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By Technology
• Machine Learning
• Natural Language Processing
• Image Processing
• Speech Recognition
By Industry Vertical
• Media & Advertising
• BFSI
• IT & Telecom
• Retail
• Healthcare
• Automotive & Transportation
• Others
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Rest of the Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
• LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
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