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

Electric Motorcycle Market Is Thriving Worldwide From 2019 To 2028

AUG 07, 2019:  The global Electric Motorcycle market was valued at $XX million in 2018, and Radiant Research analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. To Request A Sample Copy Of This Report @:     https://www.radiantinsights.com/research/2013-2028-report-on-global-electric-motorcycle-market/request-sample This report provides detailed historical analysis of global market for Electric Motorcycle from 2013-2018 and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Electric Motorcycle market. To Browse Full Research Report @:  https://www.radiantinsights.com/research/2013-2028-report-on-global-electric-motorcycle-market Leading players of Electric Motorcycle including: Yadea AIMA Lvyuan Sunra TAILG Lima BYVIN Zongshen Ele...
Post a Comment
Read more

High-End Lighting Market Worth About USD 24.32 billion By 2024

  High-End Lighting Market is estimated to touch US$ 24.32 billion by the completion of the year 2025. Growing demand for connected lighting arrangement has been a most important feature motivating the development of the market. Round about most important technical inventions in this specific market for example sensor-enabled, dimmable, color changing and connected lightings have donated mostly to the progress of the market. The worldwide market is expected to develop at a CAGR of 6.1% for the duration of the prediction. The introduction of LEDs, in latest ages, has altered the market forces for high-end lighting that was, until that time, ruled by conservative lights for example incandescent bulbs, fluorescent lights and halogen bulbs. Governments through entirely most important nations have taken inventiveness for the acceptance of LEDs so as to save energy and decrease ecological contamination. This is additionally estimated to increase the progress of the market for high-end ...
Post a Comment
Read more

Cardiac Rehabilitation Market Worth About USD 2.52 billion By 2024

  Cardiac Rehabilitation Market size is expected to value at USD 2.52 billion by 2025. The market is subject to witness a substantial growth due to changing food patterns and increasing occurrence of cardiovascular diseases, obesity, and hyperlipidemia. With recent technological advancements in healthcare sector including tele-cardiac rehabilitation are some of the critical factors responsible for growth of the market. Tele-cardiac rehabilitation offers remote services from a distance with the help of information technology and telecommunications services. Other factors responsible for the sustained growth of the tele-cardiac rehabilitation market in recent years are numerous initiatives taken by local governments similar to the Million Hearts initiative and increase in the healthcare expenditure. Globally, the cardiac rehabilitation market is predicted to grow at CAGR of 6.3% in forecast period, providing numerous opportunity for market players to invest for research and developme...
Post a Comment
Read more