Global Artificial Intelligence Solutions Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
“Global Artificial Intelligence Solutions Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global artificial intelligence solutions market report has been segmented on the basis of technology, industry vertical, and region.
Global Artificial Intelligence Solutions Market: Overview
Artificial intelligence is also called as machine intelligence. Artificial intelligence (AI) is an area of science focusing on the creation of human-made programs and machines intelligent. Artificial intelligence used to train computer and increasing the ability of the computer’s work. Artificial intelligence has various types such as analytical artificial intelligence, humanized artificial intelligence, and human-inspired artificial intelligence.
Global Artificial Intelligence Solutions Market: Dynamic
Rising demand for the advancement of technology in various industries such as unmanned aerial vehicles, self-driven cars, monitoring and auto control, and civil aviation for vehicle tracking, activities including medical diagnosis, electronic trading platforms, robot control, and remote sensing, is a key factor expected to drive growth of the global market over the forecast period.
In addition, increasing adoption of artificial intelligence solutions in many sectors such as finance media and advertising, agriculture, educational institutions, automotive and transportation, oil and gas, and healthcare industry is also anticipated to bolster demand for artificial intelligence solutions over the long run.
Increasing research and development activities for technological advancement are also projected to boost the growth of the target market.
Furthermore, increasing demand for real-time data recording with exceptional temporal accuracy spatial across the globe is also expected to drive growth of the artificial intelligence solutions market in the next 10 years.
However, the high cost for implementation of artificial intelligence solutions and difficulties with the software development as it is a slow and expensive process may hamper growth of the global market over the forecast period.
Global Artificial Intelligence Solutions Market: Segment Analysis
Among the technologies, the machine learning segment is expected to account for the highest growth in the global artificial intelligence solutions market, owing to machine learning solution has an ability to learn without being openly programmed and helps to resolve system problems without human interruption.
Among the industry vertical, the media and advertising segment contributes leading share in the global artificial intelligence solutions market, due to the increasing adoption of artificial intelligence solution for modern digital advertising. Media and advertising provide various services such as SMS marketing and voice assistance.
Global Artificial Intelligence Solutions Market: Region Analysis
The market in North America accounted for the highest revenue share in the global market owing to increasing adoption of artificial intelligence solutions in countries such as the US and Canada in the region.
Europe is also contributing the second highest share and expected to register significant growth rate in the global market over the forecast period.
The market in the Asia Pacific is expected to register a lucrative growth in terms of revenue in the global market over the forecast period, owing to increasing awareness about advanced technologies and adoption of artificial intelligence solutions across various verticals in countries such as Japan, India, Korea, and China.
Global Artificial Intelligence Solutions Market Segmentation:
Segmentation by Technology:
- Machine Learning
- Natural Language Processing
- Image Processing
- Speech Recognition
Segmentation by Industry Vertical:
- Media & Advertising
- IT & Telecom
- Automotive & Transportation
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Apple Inc.
- MicroStrategy, Inc
- Microsoft Corporation
- Verint Systems Inc
- Qlik Technologies Inc.
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