Skip to main content

Artificial Intelligence Market Will Plenty of Applications: Deep Learning, Machine Learning

FEB 27, 2020: The global Artificial Intelligence market size is expected to reach USD 390.9 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 46.2% from 2019 to 2025. Artificial intelligence (AI) is considered to be a revolutionary technological development and its integration across a host of applications is one of the key factors driving this market. Advances in image and voice recognition are driving the growth of the regional market. Improved image recognition technology is critical in enhanced drones, self-driving cars, and robotics.
The two major factors fueling market growth are emerging artificial intelligence technologies and growth in big data espousal. Rising prominence of artificial intelligence is enabling new players to venture into the market by offering niche application-specific solutions. Furthermore, companies are engaging in industry consolidations in a bid to gain competitive advantages. For instance, in January 2017, Microsoft Corporation acquired Maluuba in order to advance in the deep learning and AI landscape. Existing solution providers are innovating their product portfolio to include both hardware and software solutions.

North America held the dominant share in the global AI market in 2018 thanks to the availability of high government funding, presence of leading players, and strong technical base. Asia Pacific, however, is anticipated to overtake North America to emerge as the leading regional market by 2025, registering the highest CAGR. This can be attributed to rapid improvements in information storage capacity, high computing power, and parallel processing, all of which have contributed to the swift uptake of artificial intelligence technology in end-use industries such as automotive and healthcare.
AI has the potential to reduce the burden on clinicians and provide an efficient tool to workforces for accomplishing their tasks in a better way. For instance, AI voice-enabled symptom checkers can better access a situation and assist patients to the emergency department when immediate treatment is required. Artificial intelligence is expected to resolve around 20% of unmet healthcare demands.
Further key findings from the report suggest:
• Growth in the volume of data being generated from different end-use industries is expected to provide traction to the technology adoption
• Increasing adoption of image and pattern recognition in Asia Pacific is expected to provide new growth opportunities over the forecast period
• North America is one of the early adopters of advanced technologies and allows organizations to adopt artificial intelligence capabilities at a faster pace
• Increasing amount of digital data in the form of speech, videos, and images, from different social media sources such as IoT and consumer analytics is driving the need for data mining and analytics.
• AI is extensively used by several media and online services such as Google Assistant, dialogue and voice recognition of Siri, Microsoft Cortana, image classification in Facebook & Google Photo, and Amazon’s Alexa
• Key players in the artificial intelligence market include Atomwise, Inc.; Lifegraph; Sense.ly, Inc.; Zebra Medical Vision, Inc.; Baidu, Inc.; H2O ai; IBM Watson Health; NVIDIA; Enlitic, Inc.; Google, Inc.; Intel Corporation; and Microsoft Corporation
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research process
1.1.1 Information procurement
1.1.2 Purchased database
1.1.3 GVR’s internal database
1.2 Research methodology
1.3 Geographic scope
1.4 Research scope & assumptions
1.5 List of data sources
Chapter 2 Executive Summary
2.1 Artificial Intelligence regional marketplace: Key takeaways
2.2 Artificial Intelligence – Direct & Enabled Revenue, 2014 – 2025 (USD Billion)
Chapter 3 Market Variables, Trends, and Scope
3.1 Market trends & outlook
3.2 Artificial Intelligence – Market segmentation & scope
3.2.1 Market definitions
3.3 Artificial Intelligence – Market Size and Growth Prospects (USD Billion)
3.4 Artificial Intelligence – Value Chain Analysis
3.5 Artificial Intelligence – Market dynamics
3.5.1 Market driver analysis
3.5.1.1 Economical parallel processing set-up
3.5.1.2 Potential R&D in artificial intelligence systems
3.5.1.3 Big data fueling AI and Machine Learning profoundly
3.5.1.4 AI to counter unmet clinical demand
3.5.1.5 Increasing Cross-Industry Partnerships and Collaborations
3.5.2 Market restraint/challenge analysis
Chapter 4 Artificial Intelligence Market: Solution Estimates & Trend Analysis
4.1 AI Market: Solution Movement Analysis, 2018 & 2025
4.1.1 Hardware (HW)
4.1.1.1 Hardware Market Estimates and Forecast, by region, from 2014 – 2025 (USD Billion)
4.1.2 Software (SW)
4.1.2.1 Software Market Estimates and Forecast, by region, from 2014 – 2025 (USD Billion)
4.1.3 Services
4.1.3.1 Services Market Estimates and Forecast, by region, from 2014 – 2025 (USD Billion)
Chapter 5 Artificial Intelligence Market: Technology Estimates & Trend Analysis
5.1 AI Market: Technology Movement Analysis, 2018 & 2025
5.1.1 Deep Learning
5.1.1.1 Deep Learning Market Estimates and Forecast, by region, from 2014 – 2025 (USD Billion)
5.1.2 Machine Learning
5.1.2.1 Machine Learning Market Estimates and Forecast, by region, from 2014 – 2025 (USD Billion)
5.1.3 NLP
5.1.3.1 NLP Market Estimates and Forecast, by region, from 2014 – 2025 (USD Billion)
5.1.4 Machine Vision
5.1.4.1 Machine Vision Market Estimates and Forecast, by region, from 2014 – 2025 (USD Billion)
Chapter 6 Artificial Intelligence Market: End Use Estimates & Trend Analysis
6.1 AI Market: End Use Movement Analysis, 2018 & 2025
6.1.1 Healthcare
6.1.1.1 Heathcare Market Estimates and Forecast, by region, from 2014 – 2025 (USD Billion)
6.1.1.2 Heathcare Market Estimates and Forecast, by use-case, from 2014 – 2025 (USD Billion)
6.1.2 BFSI
6.1.2.1 BFSI Market Estimates and Forecast, by region, from 2014 – 2025 (USD Billion)
Continued………

To See More Reports of This Category by Radiant Insights:
https://industryforcast.wordpress.com
About Radiant Insights:Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States
For more information, Visit: http://www.radiantinsights.com
Labels:

Comments

Post a Comment

Let me know what you're interested in

Popular posts from this blog

Global Artificial Sperm Market Precise Outlook From 2019-2023

NOV 22, 2019:  In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Artificial Sperm Report  by Material, Application, and Geography – Global Forecast to 2023 is a professional and comprehensive research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). In this report, the global Artificial Sperm market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023. To Request A Sample Copy Of This Report @:     https://www.radiantinsights.com/research/global-artificial-sperm-market-research-report-2019-2023/request-sample The report firstly introduced the Artificial Sperm basics: definitions, classifications, applications and market overview; pr
Post a Comment
Read more

Battery Management System (BMS) Market Growth Factors, Applications, Regional Analysis and Forecasts by 2023

Mar 03, 2020:  Global  Battery Management System (BMS) market  is expected to grow at a significant CAGR of 11.6% by 2023 as the scope and its applications are rising enormously across the globe. Battery management system (BMS) is an electronic system that controls and manages a discharging and charging of rechargeable batteries. It also controls and monitors coolant temperature and flow for air or liquid cooling, main power voltage, battery and cell health, battery or cell voltage, and temperatures of the batteries or cells. The factors that are playing a major role in the growth of battery management system (BMS) market are the application of battery management system in smartphones, rising use of battery management system in electric vehicles, and high demand in renewable energy systems. However, the lack of standards for the development of the battery management system may restrain overall market growth in the years to come. To Request A Sample Copy Of This Report @:     ht
Post a Comment
Read more

Online Travel Services Witness Swift Growth Throughout Covid-19

JUNE 08, 2020:   Online Travel Services market Consumers in general avail both online and offline sources of information for booking their journeys, among which ~12% of the consumers prefer to use offline sources for research, ~57% believe that the online channels give them better deals and find it more convenient to book online. With the advent of internet and emergence of artificial reality (AR), the online travel industry in India is changing rapidly due to which a growing number of Indians have turned to the convenience of the web for better travel prices and accommodations. As smartphones have progressively become ubiquitous, mobile applications have emerged as the most critical point of interaction with consumers for any travel business, and a number of niche offerings such as medical tourism and eco-tourism are expected to create more demand for travelling. Several hotel chains and airlines are focusing on generating direct hotel bookings through their own websites an
Post a Comment
Read more