Global Artificial Intelligence Market By Technology (Machine learning, Natural language processing), By Industrial Vertical (Media & advertising, IT & telecom) - Business Overview, Analysis and Industry Forecast 2018-2023.

Report Overview

Global Artificial Intelligence Market was valued at USD 16.2 Billion in the year 2017. Global Artificial Intelligence Market is further estimated to grow at a CAGR of 37.16 % from 2018 to reach USD 107.86 Billion by the year 2023. North America region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At the country level, China and Japan are the major markets in the Asia Pacific region and holds a substantial market share in 2017 and it is projected to grow at a gradual pace in the coming years.

The market is segmented by technology, industry verticals, and geography. By technology, it is sub-segmented into machine-learning, natural language processing, image processing, and speech recognition. In the year 2017, machine-learning generated the highest revenue in the global market. However, the speech recognition sub-segment is anticipated to exhibit the highest growth during the forecast period.

Based on industry verticals, the market is segmented into media & advertising, BFSI, IT & telecom, retail, healthcare, automotive & transportation, and others (agriculture, educational institutions, and law). Among these, the BFSI segment dominated the market in terms of revenue in 2017 and is projected to continue its dominance throughout the forecast period.

Drivers:

            Growth in Big Data

            Growth in Adoption of Cloud-Based Applications and Services

Restraints:

            Limited Number of AI Experts

Opportunities:

            Improving Operational Efficiency in the Manufacturing Industry

            Adoption of AI to Improve Customer Service

Challenges:

            Concerns Regarding Data Privacy

Intel (US), NVIDIA (US), Xilinx (US), Samsung (South Korea), Facebook (US), Micron Technology (US), IBM (US), Google (US), Microsoft (US), and AWS (US) are some of the key players in the global Artificial Intelligence Market.

Key Benefits for Stakeholders

Semiconductor companies

Technology providers

Universities and research organizations

System integrators

AI solution and platform providers

Investors and venture capitalists

By Technology

Machine learning

Natural language processing

Image processing

Speech recognition

By Industrial Vertical 

Media & advertising

BFSI

IT & telecom

Retail

Healthcare

Automotive & transportation

Others (agriculture, law, educational institutions)

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

Intel

Nvidia

Samsung Electronics

Xilinx

Micron Technology

IBM

Microsoft

Google

Amazon Web Services (AWS)

Facebook

(Another brief information of 10 companies will be provided in a report.)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

1.      Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
2.      Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
3.      To avoid bias, we filter the collected data collected from authenticated sources.
4.      GMI has a well proven Statistical Modeling System for estimates and forecasts.
5.      Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
6.      Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.