Pune, Nov. 05, 2019 (GLOBE NEWSWIRE) -- The global artificial intelligence (AI) market is forecast to show exponential growth in the coming years. According to a report by Fortune Business Insights, the market is likely to exhibit a remarkable CAGR of 33.1% between 2019 and 2026. If this growth rate holds true, the AI market, which was valued at USD 20.67 Billion in 2018, will reach USD 202.57 Billion by the end of 2026. The report is titled “Artificial Intelligence (AI) Market Size, Share and Industry Analysis By Component (Hardware, Software, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, Others) and Regional Forecast, 2019 – 2026” and is currently available for sale on the company’s official website.
Browse Complete Report Details with Table of Content and Figures:
https://www.fortunebusinessinsights.com/industry-reports/artificial-intelligence-market-100114
The study offers insights into a plethora of valuable information on the artificial intelligence market. It reveals potential threats and chief drivers, impacting the market’s growth trajectory. The report offers exclusive data and analysis on the global AI market. It is intended to help stakeholders get a bird’s eye view of the market. It contains analysis of the latest industry developments and profiles some of the leading companies operating in the market. Using industry-leading analytical tools, the report gauge strengths and weaknesses of key players and impact of strategies adopted by them.
Increasing Adoption of Cloud-based Services Will Enable Growth
In the coming years, world will witness a rising adoption of cloud-based services. This will augment the demand for artificial intelligence. AI offers a perfect mix of technologies to replicate human behaviour’s, enabling seamless integration supply chain data. Furthermore, implementation of artificial intelligence enables efficient and timely delivery of products to customers. In addition to these factors, the rapid proliferation of connected devices will give tailspin to the growth of the artificial intelligence market.
North America Expected to Remain Dominant Market Through the Forecast Period
In the coming years, the demand from artificial intelligence is expected to rise across the globe. The report has segmented the global market into Europe, Asia Pacific, North America, the Middle East and Africa, and Latin America in terms of region. Among these regions, North America is forecast to remain dominant through the course of the forecast period. The region often is an early adopted of the latest technologies, which makes it conducive to the growth of the artificial intelligence market. Besides this Europe and Asia Pacific have emerged as lucrative markets for artificial intelligence.
In Asia Pacific the market is expected to gain from the implementation of AI in leading companies across China and India. Furthermore, the increasing use of AI for drug discovery is expected to give significant impetus to the overall market.
Besides analyzing key factors driving growth of the market across various regions, the report also profiles some of the leading companies. These include Verint Systems Inc. (Next IT Corp), NVIDIA, MicroStrategy, Inc., Baidu, Qlik Technologies Inc., Alphabet (Google Inc.), Microsoft Corporation, Apple Inc., IBM Corporation, IPsoft, and others
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Table of Content:
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends
- Key Insights
- Macro and Micro Economic Indicators
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Forces Analysis
- Global Artificial Intelligence (AI) Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Size Estimates and Forecasts
- By Offering (Value)
- Hardware
- Software
- Services
- By Technology (Value)
- Computer Vision
- Machine Learning
- Natural Language Processing
- Others
- By End Use Industry (Value)
- Healthcare
- Retail
- Advertising & Media
- BFSI
- Automotive & Transportation
- Government
- Manufacturing
- Others
- By Geography (Value)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- By Offering (Value)
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