Artificial Intelligence Market to - by Company, Country, Indication, Patient Segment and Phase - Emergen Research

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Machine learning comes with a wide range of applications across several industries, such as the banking and financial sector, healthcare, retail, publishing, and social media, among others.

The global Artificial Intelligence Market is expected to reach USD 348.99 Billion by 2027, according to a new report by Emergen Research. The increasing need for understanding consumer needs and market trends is one of the major factors driving the market growth. Moreover, the extensive adoption of smartphones, along with the popularity of social media, will also boost the growth of the market in the coming years.

One of the mentionable traits of AI is the ability and support it provides to machines to react, act, learn, and think like human beings. As a result of the mentioned characteristics, it turns out to be an effective decision making and data analytics tool that helps in deciding based on past data and identified patterns. It is the mentioned traits of AI, which has resulted in an increase in different industries that have a positive impact on the growth of the market.

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Machine learning comes with a wide range of applications across several industries, such as the banking and financial sector, healthcare, retail, publishing, and social media, among others. It is used to analyze the relevance of advertisements and contents based on users’ preferences. It held a market share of 32.6% in the year 2019.The revenue generated by the software segment is the result of the extensive use of these tools in analyzing hidden data sets and data patterns from large datasheets.

The increased adoption of cloud-based solutions makes the incorporation of Artificial Intelligence (AI) services easy and effective. Cloud technology provides with required information and support for the AI learning process, which positively impacts the growth of the market. In various end-user industries, there has been an elevated demand for cognitive computing, which also acts as a driving factor for the expansion of the market. North America dominated the market owing to the rapid technological advancements and increasing government investments in the development of artificial intelligence (AI). Moreover, the presence of some of the leading players of the market in the region will also drive the growth of the market in the region.

Key participants include Samsung Electronics, Intel, Xilinx, NVIDIA, IBM, Micron Technology, Microsoft, Amazon Web Services (AWS), Google, and Facebook, among others.

Artificial intelligence can help reduce construction costs in many ways. For example, the use of virtual reality goggles and mini-robots into buildings under construction to track the work as it progresses. AI is also being used today to design the routing of electrical and plumbing systems in modern buildings. Artificial intelligence is also beneficial for the development of safety systems at work sites, which reduces the risks of hazards and accidents.

To learn more details about the Global Artificial Intelligence  Market report, visit : https://www.emergenresearch.com/industry-report/artificial-intelligence-market

Offering Outlook (Revenue, USD Billion; 2017-2027)

  • Hardware
    1. Processors
    2. Memory
    3. Network
  • Software
    1. AI Platforms
    2. AI Solutions
  • Services
    1. Deployment Integration
    2. Support Maintenance
  • Technology Outlook (Revenue, USD Billion; 2017-2027)
    • Machine Learning
      1. Deep Learning
      2. Supervised Learning
      3. Unsupervised Learning
      4. Reinforcement Learning
      5. Generative Adversarial Networks (GANS)
      6. Others
    • Natural Language Processing (NLP)
    • Context-Aware Computing
    • Computer Vision
  • End-User Industry Outlook (Revenue, USD Billion; 2017-2027)
    • Healthcare
    • Manufacturing
    • Agriculture
    • Automotive
    • Retail
    • Human Resources
    • Security
    • Marketing
    • Construction
    • Law
    • Fintech
    • Aerospace
    • Defense
    • Supply chain
    • Food and Beverage
    • Media and Entertainment
    • Gaming
    • Telecommunications
    • Oil and Gas

Key regions covered in the report:

 

North America

Europe

Asia Pacific

Latin America

Middle East Africa

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The latest research report serves as a perfect example of the precise analysis of the global Artificial Intelligence  market. It includes the ToC, list of tables and figures, research methodology, geographic segmentation, competitive landscape, future developments, and technological innovation. Moreover, the report offers the latest coverage of the massive impact of the COVID-19 pandemic on the worldwide Artificial Intelligence  industry. The globally-disrupting incidence has impacted nearly every aspect of this business domain. However, the latest study expounds on the present market scenario and forecasts the pandemic’s aftermath, with respect to this industry. Furthermore, the major aspects of the market have been discussed in the report, with expert opinions on the current status of the market.

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