- Enduser- Retail, banking, manufacturing, healthcare, and others
- The retail sector's share of the artificial intelligence (AI) market is expected to expand significantly. One of the markets for AI that is expanding the quickest is the retail industry. Supply chain planning, demand forecasting, price optimization, consumer intelligence, and improving daily shop operations are just a few of the many use cases for AI in the retail sector. Retailers, restaurant owners, and banks have all adopted vending machines due to the growth of Long-term Evolution (LTE) networks around the world.
- Geography- North America, Europe, APAC, South America, and MEA
- North America will account for 56% of market growth. In North America, the US is the main market for artificial intelligence (AI). The market in this region will expand more slowly than markets in other regions. Throughout the projection period, North America's artificial intelligence (AI) market will rise thanks to significant investments in R&D facilities.
Read the 120-page report with TOC on "Artificial Intelligence (AI) Market Analysis Report by End-user (retail, banking, manufacturing, healthcare, and others) and Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts". Buy Sample Report Now!
Major Five Artificial Intelligence (AI) Companies:
- Alphabet Inc.- This segment offer products such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware (including Nest), Search, and YouTube.
- CognitiveScale- The company offers Cortex AI. It is AI-powered multi-channel healthcare and financial services application that helps companies reduce operational costs.
- Intel Corp.- The company offers AI Analytics Toolkit. It provides a comprehensive set of optimized Python libraries and frameworks to optimize end-to-end data pipelines. It provides other products as well.
- Nuance Communications Inc.- The company offers virtual assistants and live chat platforms to other companies.
- Oracle Corp.- The company offers its autonomous database, NoSQL, and other products.
Technavio's sample reports contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a sample report
Parent Market Analysis
Technavio categorizes the global artificial intelligence (AI) market as a part of the global application software market within the global information technology market. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the application software market includes the following core components:
- Inputs
- Software development process
- Marketing and distribution
- Post-selling services
Related Reports:
Portable Cash Counting Machine Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026: The portable cash counting machine market share is expected to increase to USD 75.26 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.45%.
Radio Frequency Identification Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026: The radio frequency identification (RFID) market share is expected to increase to USD 8.88 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.39%.
Artificial Intelligence (AI) Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 21% |
Market growth 2021-2025 |
$ 76.44 billion |
Market structure |
Fragmented |
YoY growth (%) |
19.84 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 56% |
Key consumer countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Alphabet Inc., CognitiveScale, Intel Corp., International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., NVIDIA Corp., Oracle Corp., Tesla Inc., and Wipro Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- The threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Retail - Market size and forecast 2020-2025
- Banking - Market size and forecast 2020-2025
- Manufacturing - Market size and forecast 2020-2025
- Healthcare - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by End-user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Alphabet Inc.
- CognitiveScale
- Intel Corp.
- International Business Machines Corp.
- Microsoft Corp.
- Nuance Communications Inc.
- NVIDIA Corp.
- Oracle Corp.
- Tesla Inc.
- Wipro Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article