According to MarketIntelReports’ “ Global Artificial Intelligence Market Analysis & Forecast Report 2017”:
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The Artificial Intelligence Market is expected to grow faster during the forecast period. Deep learning technology will enhance the demand for ai intelligence in the next four years. Growing use of the artificial intelligence system to fight cyber attacks will propel the growth of the market. Issues like failure of firewall and signature based techniques to curb the threats can be solved. This product recognizes images, sounds, and other data. It is quite popular among the end users since it allows the scientists to produce models of the virtual neuron layers and multiple neural networks. Improvements in computing power and fast information storage capacity lead to the use of robotics and artificial intelligence in industries like healthcare and automotive.
Scope & Regional Forecast of the Artificial Intelligence Market
The applications of Artificial Intelligence Market are seen in healthcare, BSFI, media and advertising, automotive, transportation, manufacturing, and others. Media and advertising had a major share in the market during 2016. Machine learning has seen a huge growth in the past due to the need for advancements in object recognition, object perception, and machine translation.
In 2016, North America dominated the market in terms of revenue. This was due to the strong technical adoption base, high government funding, and more number of companies in the region. In Europe, the cloud based artificial intelligence platform will witness a good growth in the future due to the inclination of customers towards easy document control and the on demand access to data.
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The intelligent technology is used by mobile and online services like Google Assistant, voice recognition of Siri, and Microsoft Cortana. The growing digital data in speech, videos from sources like IoT spurs the growth of data analytics.
The ai machine gives opportunities for investment firms and companies. The need for digital transformation allows acquisitions among ai stake holding firms. Ai theory recognizes a large amount of data which is collected for mobile devices and IoT sensors.
Segmentations & Key Players Involved in the Artificial Intelligence Market
The Artificial Intelligence Market can be broken down into various segments as follows:
Region- Europe, North America, South and Central America, Middle East and Africa, Asia Pacific.
Some of the key players involved in the Artificial Intelligence Market are as follows:
Amazon Web Services
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