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. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027.
It is used to analyze the relevance of advertisements and contents based on users’ preferences. 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. The increased adoption of cloud-based solutions makes the incorporation of Artificial Intelligence (AI) services easy and effective.
Global Artificial Intelligence Market – Overview:
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 .It held a market share of 32.6% in the year 2019.The report comprises a detailed analysis of the vital elements of the Artificial Intelligence market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Artificial Intelligence market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. Therefore, the report, published by emergenresearch, is a detail-oriented compilation of the crucial aspects of the Artificial Intelligence market, including the key players’ product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.
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Key participants include Samsung Electronics, Intel, Xilinx, NVIDIA, IBM, Micron Technology, Microsoft, Amazon Web Services (AWS), Google, and Facebook, among others.
Offering Outlook (Revenue, USD Billion; 2017-2027)
Hardware
Processors
Memory
Network
Software
AI Platforms
AI Solutions
Services
Deployment Integration
Support Maintenance
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
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Technology Outlook (Revenue, USD Billion; 2017-2027)
Machine Learning
Deep Learning
Supervised Learning
Unsupervised Learning
Reinforcement Learning
Generative Adversarial Networks (GANS)
Others
Key Questions:
At what rate is the global Artificial Intelligence market expected to grow during the forecast period?
What is the Artificial Intelligence market size expected to be between 2021 and 2028?
What are the expected key challenges and restraints in the global Artificial Intelligence market?
Which key players are operating in the global Artificial Intelligence Market?
What are the significant existing and potential market trends?
Which are the niche segments that leading companies are focusing their budget plans, revenue generation, and the latest developments around?
What are the prominent applications and types of the global Artificial Intelligence market?
What are the outcomes of the analytical methods of data assessment employed in the 55 Market report?
Market Taxonomy:
Chapter 1: Methodology Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2:
Executive Summary
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3:
Industry Insights
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
Chapter 4:
Regional Landscape
Chapter 5:
Company Profile
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
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