According to a new market research report published by Global Insight Services “Artificial Intelligence Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Artificial intelligence technology is used to create and interpret human-like or machine-like responses in order to make intelligent decisions. This technology is used to interact with humans in natural ways, such as through conversation, and to process and understand human language. Artificial intelligence technology can also be used to create and interpret images, and to make decisions based on data.
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Key Players
- Amazon
- Meta
- IBM
- Microsoft
- Apple
- Salesforce
- SAP
Key Trends
Artificial intelligence (AI) is a rapidly growing field with immense potential. Here are five key trends in the AI market or technology:
- Rapid growth in AI hardware and software.
- Increased adoption of AI in the enterprise.
- Emerging markets are leading the way in AI adoption.
- AI is transforming industries.
- AI is changing the nature of work.
Key Drivers
Artificial intelligence (AI) is still in its early developmental stages, which presents both opportunities and challenges for businesses wanting to adopt AI technologies. Currently, the AI market is being driven by the following key factors:
The ever-increasing volume of data: The growth of data is one of the key drivers of AI. The more data that is available, the more AI can learn and improve its accuracy. This is why businesses are increasingly turning to AI to help them make sense of their data and make better decisions.
The need for speed and accuracy: In today’s fast-paced world, businesses need to be able to make decisions quickly and accurately. AI can help businesses do this by providing them with the ability to process large amounts of data quickly and make predictions based on that data.
The decreasing cost of AI: As AI technology becomes more advanced and more widely used, the cost of AI is decreasing. This makes AI more affordable for businesses of all sizes, which is driving adoption of AI technologies.
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Market Segments
By Offering
- Hardware
- Processor
- Memory
- Network
- Software
- Application Program Interface (API)
- Machine Learning Framework
- Services
- Deployment and Integration
- Support and Maintenance
By Technology
- Machine Learning
- Deep Learning
- Supervised Learning
- Unsupervised Learning
- Reinforcement Learning
- Other Technology
- Natural Language Processing
- Context-Aware Computing
- Computer Vision
By Business Function
- Marketing and Sales
- Security
- Finance
- Law
- Human Resource
- Others
By Deployment Mode
- Cloud
- On-premises
By Organization Size
- Large enterprises
- Small and medium-sized enterprises (SMEs)
By Vertical
- BFSI
- Retail and eCommerce
- Telecommunication and IT
- Healthcare and Life Sciences
- Automotive
- Government and Defense
- Manufacturing
- Energy and Utilities
- Others
Reasons to buy Artificial Intelligence Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
Read More Research Report by Global Insight Services:
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About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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