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Artificial Intelligence Market by Technology (Machine Learning, Natural Language Processing, Image Processing and Speech Recognition), Industry Vertical (Media & Advertising, BFSI, IT & Telecom, Retail, Healthcare and Automotive & Transportation) - Global Opportunity Analysis and Industry Forecasts, 2014 - 2022

IC_161773
Pages: 127
Nov 2016 | 10144 Views
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Author's : Seapee Bajaj
Tables: 32
Charts: 75
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Artificial Intelligence Market Overview:

Artificial Intelligence Market size to reach $19,478 million by 2022, growing at a CAGR of 45.4% from 2016 to 2022.

The developments of more human-like robots and increase in their deployment rate in the developing regions have had a substantial effect on the overall artificial intelligence (AI) market. Improved productivity, diversified application areas, increased customer satisfaction, and big data integration drive the artificial intelligence market. However, lack of skilled workforce and threat to human dignity & other threats could restrain the market growth. Nevertheless, the impact of these factors is anticipated to be minimal due to the introduction of newer technologies.

The report comprises the study of artificial intelligence market with a focus on machine learning, natural language processing, image processing, and speech recognition. Fraud screening, oil & gas exploration, sales forecasting, inventory management, and public health are among many applications that have deployed machine learning significantly.

Some of the key manufacturers profiled in the report include Google Inc., IBM Corp., Microsoft Corporation, IPsoft, Rocket Fuel Inc., Qlik Technologies Inc., MicroStrategy, Inc., Brighterion, Inc., 24/7 Customer, Inc., and Next IT Corp.

Segment Overview: Artificial Intelligence Market

The market is segmented by technology, industry verticals, and geography. By technology, it is sub-segmented into machine-learning, natural language processing, image processing, and speech recognition. In the year 2015, machine-learning generated the highest revenue in the global market. However, the speech recognition sub-segment is anticipated to exhibit the highest growth during the forecast period.

Based on industry verticals, the market is segmented into media & advertising, BFSI, IT & telecom, retail, healthcare, automotive & transportation, and others (agriculture, educational institutions, and law). Among these, BFSI segment dominated the market in terms of revenue in 2015 and is projected to continue its dominance throughout the forecast period.

Artificial Intelligence Market Segment Overview

The geographical regions considered in the report are North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa). North America is expected to dominate the AI market. However, Asia-Pacific is projected to grow rapidly during the forecast period.

Top Factors Impacting the World Artificial Intelligence Market

Top factors impacting the world artificial intelligence market

 Improved Productivity

The machine-learning technology has driven an exceptional increase in productivity. For example, Google has modified cars such as Toyota Prius with its experimental driverless technology. AI has currently transformed business management through integration of various tools such as workflow management tools, brand purchase advertising, trend predictions, and others. In fact, the voice recognition technology of Google has an accuracy rate of 98%. Similarly, DeepFace by Facebook recognizes faces with a success rate of 97%. The current impact of this factor is prominent and is expected to rise further during the forecast period.

Diversified Application Areas

AI has varied application areas across media & advertising, finance, retail, healthcare, automotive & transportation, agriculture, law, educational institutions, oil & gas, and other industries. The impact of this factor is expected to be higher in future, since machine-learning algorithms would soon be used for preventing payment frauds and cyberterrorism. Furthermore, AI is estimated to have a strong impact on healthcare advancements and lead to more accurate treatments and prevention of medical conditions.

Lack of Skilled Workforce

Management of AI and automated systems requires exceptionally skilled workforce owing to the complex algorithms required for the development of AI. Software engineering skills and a notable experience in dealing with programming/debugging with communication protocols is essential for the development and maintenance of AI. However, emerging economies such as Latin America, Africa, and many countries in the Asia-Pacific lack such skilled workforce. The current impact of this factor is prominent in the market. However, it is expected to decrease over the forecast period due to rise in training & development of skillsets.

Key Benefits

  • This study comprises an analytical depiction of the world AI market, with current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market.
  • The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2014 to 2022, to highlight the financial competency of the market.
  • Porters five forces analysis of the artificial intelligence market illustrates the potency of the buyers and suppliers.
  • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

Artificial Intelligence Market Key Segments:

The market is segmented by technology, industry vertical, and geography.

By Technology

  • Machine learning
  • Natural language processing
  • Image processing
  • Speech recognition

By Industry Vertical

  • Media & advertising
  • BFSI
  • IT & telecom
  • Retail
  • Healthcare
  • Automotive & transportation
  • Others (agriculture, law, educational institutions)

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players : AI Market

  • Google Inc.
  • IBM Corp.
  • Microsoft Corporation
  • IPsoft
  • Rocket Fuel Inc.
  • Qlik Technologies Inc.
  • MicroStrategy, Inc.
  • Brighterion, Inc.
  • 24/7 Customer, Inc.
  • Next IT Corp.

Companies Mentioned in the Report

Tekes, IntelliResponse Systems Inc., DeepMind Technologies, United Services Automobile Association, General Electric, Deep Knowledge, Netflix, Jarvis Corp, Rethink Robotics, Affectiva, BT Group, Relevance Cloud, North Face, Nuance Dragon, Apple Inc., Nissan, Maluuba, Bluemessaging, Facebook, Russian Promobot, Baidu, Yamaha Motor Co., Tapiatric, KUKA AG, Accenture, Wipro Ltd., Ramco Systems, Unisys Corporation, and Amtrak.

 

Chapter: 1 INTRODUCTION

1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1 CXO perspectives

Chapter: 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key findings

3.2.1 Top impacting factors

3.2.1.1 Improved productivity
3.2.1.2 Diversified application areas
3.2.1.3 Lack of skilled workforce
3.2.1.4 Threat to human dignity and other threats
3.2.1.5 Development of smarter robots

3.2.2 Top winning strategies
3.2.3 Top investment pockets

3.3 Value chain analysis

3.3.1 Designers
3.3.2 Technology integrators
3.3.3 End users

3.4 Porters five forces analysis

3.4.1 Moderate bargaining power among suppliers
3.4.2 Low threat of new entrants
3.4.3 Low threat of substitutes
3.4.4 High rivalry
3.4.5 High bargaining power among buyers

3.5 Market share analysis, 2015 (%)
3.6 Market Dynamics

3.6.1 Drivers

3.6.1.1 Improved productivity
3.6.1.2 Diversified application areas
3.6.1.3 Increased customer satisfaction
3.6.1.4 Big data integration

3.6.2 Restraints

3.6.2.1 Lack of skilled workforce
3.6.2.2 Threat to human dignity and other threats

3.6.3 Opportunities

3.6.3.1 Increased adoption in developing regions
3.6.3.2 Developing smarter robots

Chapter: 4 WORLD ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY

4.1 Machine learning

4.1.1 Key market trends
4.1.2 Key drivers and opportunities
4.1.3 Market size and forecast

4.2 Natural language processing

4.2.1 Key market trends
4.2.2 Key drivers and opportunities
4.2.3 Market size and forecast

4.3 Image processing

4.3.1 Key market trends
4.3.2 Key drivers and opportunities
4.3.3 Market size and forecast

4.4 Speech recognition

4.4.1 Key market trends
4.4.2 Key drivers and opportunities
4.4.3 Market size and forecast

Chapter: 5 WORLD ARTIFICIAL INTELLIGENCE MARKET, BY INDUSTRY VERTICAL

5.1 Media & advertising

5.1.1 Key market trends
5.1.2 Key drivers and opportunities
5.1.3 Market size and forecast

5.2 BFSI

5.2.1 Key market trends
5.2.2 Key drivers and opportunities
5.2.3 Market size and forecast

5.3 IT & telecom

5.3.1 Key market trends
5.3.2 Key drivers and opportunities
5.3.3 Market size and forecast

5.4 Retail

5.4.1 Key market trends
5.4.2 Key drivers and opportunities
5.4.3 Market size and forecast

5.5 Healthcare

5.5.1 Key market trends
5.5.2 Key drivers and opportunities
5.5.3 Market size and forecast

5.6 Automotive & transportation

5.6.1 Key market trends
5.6.2 Key drivers and opportunities
5.6.3 Market size and forecast

5.7 Others (agriculture, law, educational institutions)

5.7.1 Key market trends
5.7.2 Key drivers and opportunities
5.7.3 Market size and forecast

Chapter: 6 WORLD ARTIFICIAL INTELLIGENCE MARKET, BY GEOGRAPHY

6.1 North America

6.1.1 Key market trends
6.1.2 Key growth factors and opportunities
6.1.3 Market size and forecast
6.1.4 U.S.

6.1.4.1 Market size and forecast

6.1.5 Canada

6.1.5.1 Market size and forecast

6.1.6 Mexico

6.1.6.1 Market size and forecast

6.2 Europe

6.2.1 Key market trends
6.2.2 Key growth factors and opportunities
6.2.3 Market size and forecast
6.2.4 U.K.

6.2.4.1 Market size and forecast

6.2.5 Germany

6.2.5.1 Market size and forecast

6.2.6 France

6.2.6.1 Market size and forecast

6.2.7 Russia

6.2.7.1 Market size and forecast

6.2.8 Rest of Europe

6.2.8.1 Market size and forecast

6.3 Asia-Pacific

6.3.1 Key market trends
6.3.2 Key growth factors and opportunities
6.3.3 Market size and forecast
6.3.4 China

6.3.4.1 Market size and forecast

6.3.5 Japan

6.3.5.1 Market size and forecast

6.3.6 India

6.3.6.1 Market size and forecast

6.3.7 Australia

6.3.7.1 Market size and forecast

6.3.8 Rest of Asia-Pacific

6.3.8.1 Market size and forecast

6.4 LAMEA

6.4.1 Key market trends
6.4.2 Key growth factors and opportunities
6.4.3 Market size and forecast
6.4.4 Latin America

6.4.4.1 Market size and forecast

6.4.5 Middle East

6.4.5.1 Market size and forecast

6.4.6 Africa

6.4.6.1 Market size and forecast

Chapter: 7 COMPANY PROFILES

7.1 Google Inc.

7.1.1 Company overview
7.1.2 Company snapshot
7.1.3 Business performance
7.1.4 Strategic moves & developments

7.2 IBM Corp.

7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Business performance
7.2.4 Strategic moves & developments

7.3 Microsoft Corporation

7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 Business performance
7.3.4 Strategic moves & developments

7.4 IPsoft

7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 Business performance
7.4.4 Strategic moves & developments

7.5 Rocket Fuel Inc.

7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 Business performance
7.5.4 Strategic moves & developments

7.6 Qlik Technologies Inc.

7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 Business performance
7.6.4 Strategic moves & developments

7.7 MicroStrategy, Inc.

7.7.1 Company overview
7.7.2 Company snapshot
7.7.3 Business performance
7.7.4 Strategic moves & developments

7.8 Brighterion, Inc.

7.8.1 Company overview
7.8.2 Company snapshot
7.8.3 Strategic moves & developments

7.9 24/7 Customer, Inc.

7.9.1 Company overview
7.9.2 Company snapshot
7.9.3 Strategic moves & developments

7.10 Next IT Corp.

7.10.1 Company overview
7.10.2 Company snapshot
7.10.3 Strategic moves & developments

List of Figures

FIG. 1 TOP IMPACTING FACTORS
FIG. 2 TOP WINNING STRATEGIES IN ARTIFICIAL INTELLIGENCE MARKET
FIG. 3 TOP WINNING STRATEGY ANALYSIS
FIG. 4 TOP INVESTMENT POCKETS
FIG. 5 VALUE CHAIN ANALYSIS OF ARTIFICIAL INTELLIGENCE MARKET
FIG. 6 PORTERS FIVE FORCES ANALYSIS
FIG. 7 MARKET SHARE ANALYSIS OF ARTIFICIAL INTELLIGENCE COMPANIES, 2015 (%)
FIG. 8 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2015 & 2022 (%)
FIG. 9 WORLD AI MARKET REVENUE IN MACHINE LEARNINGTECHNOLOGY, 2014-2022 ($MILLION)
FIG. 10 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD AI MARKET IN MACHINE LEARNING TECHNOLOGY, BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 11 WORLD AI MARKET REVENUE IN NATURAL LANGUAGE PROCESSING TECHNOLOGY, 2014-2022 ($MILLION)
FIG. 12 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD AI MARKET IN NATURAL LANGUAGE PROCESSING TECHNOLOGY, BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 13 IMAGE PROCESSING PROCEDURE
FIG. 14 WORLD AI MARKET REVENUE IN IMAGE PROCESSING TECHNOLOGY, 2014-2022 ($MILLION)
FIG. 15 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD AI MARKET IN IMAGE PROCESSING TECHNOLOGY, BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 16 WORLD AI MARKET REVENUE IN SPEECH RECOGNITION TECHNOLOGY, 2014-2022 ($MILLION)
FIG. 17 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD AI MARKET IN SPEECH RECOGNITION TECHNOLOGY, BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 18 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD ARTIFICIAL INTELLIGENCE MARKET, BY INDUSTRY VERTICAL, 2015 & 2022 (%)
FIG. 19 WORLD AI MARKET REVENUE IN MEDIA & ADVERTISING INDUSTRY, 2014-2022 ($MILLION)
FIG. 20 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD AI MARKET IN MEDIA & ADVERTISING INDUSTRY BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 21 WORLD AI MARKET REVENUE IN BFSI INDUSTRY , 2014-2022 ($MILLION)
FIG. 22 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD AI MARKET IN BFSIINDUSTRY , BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 23 WORLD AI MARKET REVENUE IN IT & TELECOM INDUSTRY , 2014-2022 ($MILLION)
FIG. 24 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD AI MARKET IN IT & TELECOM INDUSTRY , BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 25 WORLD AI MARKET REVENUE IN RETAIL INDUSTRY, 2014-2022 ($MILLION)
FIG. 26 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD AI MARKET IN RETAILINDUSTRY , BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 27 WORLD AI MARKET REVENUE IN HEALTHCARE INDUSTRY , 2014-2022 ($MILLION)
FIG. 28 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD AI MARKET IN HEALTHCAREINDUSTRY , BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 29 AUTOMATED CAPABILITIES IN COMMERCIAL CARS
FIG. 30 WORLD AI MARKET REVENUE IN AUTOMOTIVE & TRANSPORTATION INDUSTRY , 2014-2022 ($MILLION)
FIG. 31 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD AI MARKET IN AUTOMOTIVE & TRANSPORTATION INDUSTRY , BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 32 WORLD AI MARKET REVENUE IN OTHER INDUSTRIES, 2014-2022 ($MILLION)
FIG. 33 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD AI MARKET IN OTHER INDUSTRIES , BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 34 NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 35 COMPARATIVE MARKET SHARE ANALYSIS OF NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2015 & 2022 (%)
FIG. 36 U.S. MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 37 CANADA MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 38 MEXICO MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 39 EUROPE ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 40 COMPARATIVE MARKET SHARE ANALYSIS OF EUROPE ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2015 & 2022 (%)
FIG. 41 UK MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 42 GERMANY MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 43 FRANCE MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 44 RUSSIA MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 45 REST OF EUROPE MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 46 ASIA-PACIFIC ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 47 COMPARATIVE MARKET SHARE ANALYSIS OF ASIA-PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2015 & 2022 (%)
FIG. 48 CHINA MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 49 JAPAN MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 50 INDIA MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 51 AUSTRALIA MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 52 REST OF ASIA-PACIFIC MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 53 LAMEA ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 54 COMPARATIVE MARKET SHARE ANALYSIS OF LAMEA ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2015 & 2022 (%)
FIG. 55 LATIN AMERICA MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 56 MIDDLE EAST MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 57 AFRICA MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 58 GOOGLE INC.: NET REVENUE, 2013-2015 ($MILLION)
FIG. 59 GOOGLE INC.: NET REVENUE, BY DIVISION, 2015 (%)
FIG. 60 GOOGLE INC.: NET REVENUE, BY GEOGRAPHY, 2015 (%)
FIG. 61 IBM CORP.: NET REVENUE, 2012-2015 ($MILLION)
FIG. 62 IBM CORP.: NET REVENUE, BY DIVISION, 2015 (%)
FIG. 63 IBM CORP.: NET REVENUE, BY GEOGRAPHY, 2015 (%)
FIG. 64 MICROSOFT CORPORATION: NET REVENUE, 2012-2015 ($MILLION)
FIG. 65 MICROSOFT CORPORATION: NET REVENUE, BY DIVISION, 2015 (%)
FIG. 66 IPSOFT: NET REVENUE, 2012-2015 ($MILLION)
FIG. 67 IPSOFT: NET REVENUE, BY DIVISION, 2015 (%)
FIG. 68 IPSOFT: NET REVENUE, BY GEOGRAPHY, 2015 (%)
FIG. 69 ROCKET FUEL INC.: NET REVENUE, 2012-2015 ($MILLION)
FIG. 70 ROCKET FUEL INC.: NET REVENUE, BY GEOGRAPHY, 2015 (%)
FIG. 71 QLIK TECHNOLOGIES INC.: NET REVENUE, 2012-2014 ($MILLION)
FIG. 72 QLIK TECHNOLOGIES INC.: NET REVENUE, BY DIVISION, 2014 (%)
FIG. 73 QLIK TECHNOLOGIES INC.: NET REVENUE, BY GEOGRAPHY, 2014 (%)
FIG. 74 MICROSTRATEGY, INC.: NET REVENUE, 2012-2015 ($MILLION)
FIG. 75 MICROSTRATEGY, INC.: NET REVENUE, BY GEOGRAPHY, 2015 (%)

List of Tables

TABLE 1 WORLD ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 2 WORLD ARTIFIFICIAL INTELLIGENCE MARKET REVENUE, BY TECHNOLOGY, 20142022 ($MILLION)
TABLE 3 WORLD AI MARKET IN MACHINE LEARNINGTECHNOLOGY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 4 WORLD AI MARKET IN NATURAL LANGUAGE PROCESSING TECHNOLOGY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 5 WORLD AI MARKET IN IMAGE PROCESSING TECHNOLOGY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 6 WORLD AI MARKET IN SPEECH RECOGNITION TECHNOLOGY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 7 WORLD ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY INDUSTRY VERTICAL, 20142022 ($MILLION)
TABLE 8 WORLD AI MARKET IN MEDIA & ADVERTISING INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 9 WORLD AI MARKET IN BFSI INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 10 WORLD AI MARKET IN IT & TELECOM INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 11 WORLD AI MARKET IN RETAIL INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 12 WORLD AI MARKET IN HEALTHCARE INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 13 WORLD AI MARKET IN AUTOMOTIVE & TRANSPORTATION INDUSTRY, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 14 WORLD AI MARKET IN OTHER INDUSTRIES MARKET REVENUE, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 15 NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY 2014-2022 ($MILLION)
TABLE 16 NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY 2014-2022 ($MILLION)
TABLE 17 EUROPE ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY 2014-2022 ($MILLION)
TABLE 18 EUROPE ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 19 ASIA-PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY 2014-2022 ($MILLION)
TABLE 20 ASIA-PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2014-2015 ($MILLION)
TABLE 21 LAMEA ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY 2014-2022 ($MILLION)
TABLE 22 LAMEA ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 23 GOOGLE INC.- COMPANY SNAPSHOT
TABLE 24 IBM CORP.- COMPANY SNAPSHOT
TABLE 25 MICROSOFT CORPORATION- COMPANY SNAPSHOT
TABLE 26 IPSOFT- COMPANY SNAPSHOT
TABLE 27 ROCKET FUEL INC.- COMPANY SNAPSHOT
TABLE 28 QLIK TECHNOLOGIES INC.- COMPANY SNAPSHOT
TABLE 29 MICROSTRATEGY, INC.- COMPANY SNAPSHOT
TABLE 30 BRIGHTERION, INC.- COMPANY SNAPSHOT
TABLE 31 24/7 CUSTOMER, INC.- COMPANY SNAPSHOT
TABLE 32 NEXT IT CORP. - COMPANY SNAPSHOT

 

The world artificial intelligence (AI) market has experienced significant growth due to increase in deployments of AI in the emerging economies such as India, China, and others. Further, adoption in diverse industry verticals, improved productivity, and increased customer satisfaction have propelled the AI market growth. However, lack of skilled workforce, particularly in the developing regions, and threat to human dignity & other threats have restricted the growth of artificial intelligence market to a certain extent.

AI has been increasingly deployed in North America, followed by Europe, Asia-Pacific, and LAMEA. The highest market share in North America is attributed to the increase in adoption of this technology in the BFSI & other industries and increase in number of inorganic strategies followed by market leaders for business expansion.

Among machine learning, natural language processing, image processing, and speech recognition technologies; machine learning has the highest market share due to increasing deployment for trend analysis and other functionalities in almost every industry vertical. Besides this, the BFSI industry has dominated the market amongst various industry verticals in the market and is expected to generate the maximum revenue share throughout the forecast period.

Google Inc., Microsoft Corporation, IPsoft, and IBM Corp. are some of the leading market players that occupy a prominent revenue-share. These players have adopted R&D, product launch, collaboration, co-operation, partnership, and acquisition as their key strategies to sustain in the market.

 

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