Artificial intelligence is one of the fastest-growing technologies in recent years. AI is associated to human intelligence with similar activities for example like reasoning, learning, problem solving, language understanding and others.
Manufacturers in the market witness huge underlying intellectual tasks in the development and review of such a technology. AI is situated at the core of the next gen software technologies in the market. Companies such as IBM, Google, Microsoft and other leading players have actively employed. AI as a key part of their technologies. The global artificial intelligence market size was valued at USD XX million in 2017 and is predictable to grow at a CAGR of XX% during the forecast period, reaching a value of up to USD XX million by 2025.
Artificial intelligence and Big data market are becoming fragment of business organizations driven by the availability of data from sources. for example the Internet of Things (IoT). Currently, companies are determined to analyse the consumer data obtained from product reviews, CRM systems, and media comments to recognize their customers at a granular level, making their marketing more under attack and effective.
The global artificial intelligence market include the presence of global and regional players such as Amazon Web Services, IBM, Siemens, Omron Adept Technologies, AIBrain, Anki, Apple Inc., Banjo, CloudMinds, Facebook, Google, Next IT ,Intel, CarbonX, Jibo, Microsoft,, and NVIDIA among others.
The global artificial intelligence market is classified based on the application, end users, and geography. Based on application the market is segmented into machine learning, deep learning, fuzzy logic, neural networks, expert system and knowledge based system.The development of deep-learning technology will drive the growth prospects for the global AI market for the future years. The deep-learning software is an progressive version of AI technologies that efforts to mimic the activity and functioning of the human neocortex.
On the basis of region the market is segmented into North America, Europe, Latin America Asia-Pacific and Middle East & Africa.
Market segmented on the basis of application:
• Machine learning
• Deep learning
• Neural networks
• Expert systems
• Knowledge-based systems
• Fuzzy logic
Market segmented on the basis of End User:
• Healthcare Sector
• Media and entertainment sector
• Manufacturing sector
• Automotive sector
• Retail Sector
Market segmented on the basis of region:
• North America
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Rest of Latin America
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA