Artificial Intelligence Market

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Global Artificial Intelligence Market

• Published by Accurize Market Research Pvt. Ltd

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Global Artificial Intelligence Market is
projected to be valued 61 Billion by 2024 with
a CAGR of 61 from 2017 to 2025

• Demand for unmanned aerial vehicles to drive the
  market
• Rising demand for unmanned aerial vehicles,
  autonomous cars, civil aviation for vehicle
  tracking, and monitoring auto control are the
  key aspects driving the market. But the lack of
  low-cost energy-efficient hardware among small
  medium businesses may restrict the market
  growth. Moreover, ongoing RD, and implementation
  of ITS (intelligent tutoring systems) in the
  learning process is also expected to create
  growth opportunities for the market in the
  predicted period.
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3
Market Segmentation

• The Artificial Intelligence market is categorised
  into technology, end-user, and geography. By
  technology segment, the market is divided into
  deep learning, machine learning, natural language
  processing, and machine vision. The end-use
  segment is further divided into healthcare, BFSI,
  law, retail, advertising media, automotive and
  transportation, agriculture, manufacturing, and
  other end users.
• On the basis of geography, the market is
  segmented into North America, Europe, Asia
  Pacific, and Rest of the World (RoW). U.S.,
  Canada, and Mexico are covered by North America.
  Europe consists of UK, Germany, France, Italy,
  and Rest of Europe. Asia-Pacific is divided into
  India, China, Japan, South Korea, and Rest of
  Asia- Pacific, while RoW is bifurcated into South
  America, Middle East, and Africa.
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Healthcare accounted for the largest market share
in the end-user segment

• Healthcare is expected to achieve the fastest
  CAGR throughout the forecast period i.e. 2017
  2025. The growth is attributed owing to the
  growing application of AI technologies in disease
  diagnosis, and patient care. Besides, Artificial
  Intelligence is also broadly used in clinical
  trials, advisory boards, congress planning,
  promotional outreach, and for helping untapped
  sales prospects among others. Also, natural
  language processing accounted for the major
  artificial intelligence market share in the
  technology segment in 2017, due to increasing
  operation of NLP for the development of consumer
  services in retail sector.

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North America dominated the global market with
the highest market share over the forecast period

• North America accounted for the largest market
  share of 48.9 and is anticipated to grow at the
  fastest CAGR during the forecast period 2017
  2025. The growth is seen due to wide applications
  of Artificial Intelligence in end-use industries
  such as media and advertising, agriculture,
  transportation automotive, BFSI, consumer
  electronics, and retail among others.

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Top players in the market

• Major companies operating in the market include
• IBM Corporation
• Microsoft Corporation
• NVIDIA Corporation
• Intel Corporation
• Qlik Technologies
• Brighterion
• MicroStrategy
• IPsoft
• Next IT Corp

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