Global Artificial Intelligence Market Report 2018 with Forecasts to 2025 - Market to Reach $190.6 Billion: Growth in Big Data is a Major Driver
DUBLIN, March 7, 2018 /PRNewswire/ --
The "Artificial Intelligence Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), End-User Industry, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The artificial intelligence market is expected to reach USD 190.61 Billion by 2025 from USD 21.46 Billion in 2018, at a CAGR of 36.62% during the forecast period.
The market growth can be attributed to factors such as growing big data, the increasing adoption of cloud-based applications and services, and increasing demand for intelligent virtual assistants. The limited number of AI technology experts is restraining the market growth to a certain extent.
Software is expected to hold the largest share of the artificial intelligence market. Continuous developments have been witnessed in AI software and related software development kits. Also, artificial intelligence software is used in various applications, such as virtual assistants, marketing, search advertising, identity access management, intruder detection, and cybersecurity.
The artificial intelligence market for computer vision technology is expected to grow at the highest CAGR during the forecast period. The growing adoption of computer vision in autonomous and semiautonomous applications in various industries, such as manufacturing and automotive, is propelling the growth of this technology in the AI market.
North America is known for the high adoption of artificial intelligence. Increasing demand for intelligent virtual assistants acts as a driving force for the growth of the artificial intelligence market in the region. The market in North America is also characterized by high infrastructure costs and strict policies and regulatory frameworks. Companies such as IBM (US), Google (US), Microsoft (US), NVIDIA (US), Intel (US), Facebook (US), and AWS (US) are complementing the growth of the market in this region.
The key players operating in this market are Intel (US), NVIDIA (US), Xilinx (US), Samsung Electronics (South Korea), Facebook (US), Micron Technology (US), IBM (US), Google (US), Microsoft (US), and AWS (US).
Market Dynamics
Drivers
- Growth in Big Data
- Growth in Adoption of Cloud-Based Applications and Services
- Increase in Demand for Intelligent Virtual Assistants
Restraints
- Limited Number of AI Experts
Opportunities
- Improving Operational Efficiency in Manufacturing Industry
- Adoption of AI to Improve Customer Service
Challenges
- Concerns Regarding Data Privacy
- Unreliability of AI Algorithms
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Artificial Intelligence Market, by Offering
7 Artificial Intelligence Market, by Technology
8 Artificial Intelligence Market, by End-User
9 Geographic Analysis
10 Competitive Landscape
11 Company Profile
- AIBrain
- Amazon Web Services (AWS)
- Atomwise
- Baidu
- Butterfly Network
- Cylance
- Darktrace
- Didi Chuxing
- Face++
- General Vision
- Graphcore
- IBM
- Inbenta
- Intel
- Mellanox Technologies
- Micron Technology
- Microsoft
- Nvidia
- Oracle
- Preferred Network
- SAP
- SAS
- Salesforce
- Samsung Electronics
- Vicarious
- Xilinx
- Zephyr Health
- Zoox Inc.
For more information about this report visit https://www.researchandmarkets.com/research/q9glsv/global_artificial?w=5
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SOURCE Research and Markets
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