Artificial Intelligence Market Size Worth $34.6 Billion By 2025 | CAGR: 45.9%
Published Date : 08 / 01 / 18 | Report Format: PDF
The global artificial intelligence market is expected to grow at growth rate of 45.9% to reach USD 34,602 million by 2025.
Artificial intelligence is an artificial creation of human-like intelligence that can perceive, learn and process natural languages. This fact has brought immense growth opportunities for artificial intelligence industry in developed as well as developing regions. In future, the acceptance of artificial intelligence is likely to grow due to the rapid advancement in technologies and its potential to change the digital world. Currently, adoption of artificial intelligence is growing rapidly in sectors such as targeted therapies, healthcare diagnostics, public safety, transportation and service robots, however, this will be applied in more areas in a future period. Furthermore, the emergence of Big Data and Internet of Things has provided a healthy platform for the development of AI industry, driving the market growth. On other side, challenges faced by AI industry are lack of transparency, an issue on data quality, safety and security which is anticipated to pull back the market growth to some extent.
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Key Takeaways :
- Constant rise in research and development activities coupled with advancement in technologies is driving the market growth at rapid pace
- Software segment accounted for the largest share of the global market. Software engineering plays an important role in the successful application of AI techniques. Google Cloud Platform, Astro, and Braina are some of the artificial intelligence based software.
- Deep learning, a powerful machine learning and statistical technique, is projected to dominate the market with approximately 30% share in 2025.
- The U.S. and China are at the forefront of the development of AI-based new products and technologies. Increasing research and development activities coupled with new innovations has supported the market growth in these countries.
- Google LLC, NVIDIA Corporation, and Baidu, Inc. are some of the major operating players in this market
KEY BENEFITS OF THE REPORT:
- In-depth analysis of the key factors are propelling the growth of the global market
- Granular analysis of the current market scenario and the expected market grow
- Detailed analysis of the geographic region that will witness the strongest growth
- Highlight on the strategies that are being adopted by the key players in this market to stay competitive
- Extensive analysis of the key players dominating the competitive landscape of this market
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPES
MARKET, BY TECHNOLOGY
- Machine Learning
- Natural Language Processing
- Deep Learning
- Machine Vision
MARKET, BY APPLICATION
- Banking and Financial IT Services
- Portfolio Management
- Risk Assessment
- Financial Research
- Virtual Nursing Assistants
- Robot Assisted Surgery
- Hospital Workflow Management
- Clinical Trial Participant Identifier
- Automated Image Diagnosis
- Advertising & Media
- Automotive & Transportation
MARKET, BY REGION
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
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