According to the new market research report "Artificial Intelligence Market
by Offering (Hardware, Software, Services), Technology (Machine
Learning, Natural Language Processing, Context-Aware Computing, Computer
Vision), End-User Industry, and Geography - Global Forecast to 2025",
The artificial intelligence market is expected to be valued at USD 21.5
billion in 2018 and is likely to reach USD 190.6 billion by 2025, at a
CAGR of 36.6% during the forecast period. Major drivers for the market
are growing big data, the increasing adoption of cloud-based
applications and services, and an increase in demand for intelligent
virtual assistants. The major restraint for the market is the limited
number of AI technology experts. Critical challenges facing the AI
market include concerns regarding data privacy and the unreliability of
AI algorithms. Underlying opportunities in the artificial intelligence
market include improving operational efficiency in the manufacturing
industry and the adoption of AI to improve customer service.
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=74851580
Browse 123 tables and 52 figures spread through 222 pages and in-depth TOC on "Artificial Intelligence Market - Global Forecast to 2025"
On the basis of technologies, the artificial intelligence market has
been segmented into machine learning (ML), natural language processing
(NLP), context-aware computing, and computer vision. Market for computer
vision is expected to grow at the highest CAGR. The growing adoption of
computer vision in autonomous and semiautonomous applications in
various industries, such as manufacturing and automotive, is propelling
the growth of this technology in the AI market.
The
market has been segmented on the basis of end-user industries into
healthcare, manufacturing, automotive, agriculture, retail, security,
marketing, human resources, law, and fintech. Of all the end-user
industries, the artificial intelligence market for manufacturing is
expected to grow at the highest CAGR during the forecast period.
Increasing data volume derived from the manufacturing value chain has
led to the involvement of AI-enabled data analytics in the manufacturing
sector. In addition, several industry initiatives, such as Industry
4.0, a connected manufacturing initiative by the Government of Germany,
have proliferated the growth of AI-enabled devices in manufacturing.
On the basis of geography, the artificial intelligence market has been segmented into North America, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing adoption of deep learning and NLP technologies in finance, agriculture, marketing, and law applications in APAC. Moreover, the presence of major players in market ecosystem results in the increasing adoption of these systems in APAC.
On the basis of geography, the artificial intelligence market has been segmented into North America, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing adoption of deep learning and NLP technologies in finance, agriculture, marketing, and law applications in APAC. Moreover, the presence of major players in market ecosystem results in the increasing adoption of these systems in APAC.
The
major players in this market include Intel (US), NVIDIA (US), Xilinx
(US), Samsung (South Korea), Facebook (US), Micron(US), IBM (US),
Google (US), Microsoft (US), and AWS (US).
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