Artificial Intelligence Market Report 2020 by Global Key Players, Types, Applications, Countries, Size, Forecast to 2027

The global Artificial Intelligence Market is expected to reach USD 348.99 Billion by 2027,

SURREY, BRITISH COLUMBIA, CANADA, October 22, 2021 /EINPresswire.com/ -- 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.

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. 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.

Artificial Intelligence Market Size – USD 29.50 billion in 2019, Market Growth - CAGR of 36.2%, Market trends –Growing investment in research and development.

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Machine learning comes with a wide range of applications across several industries, such as the banking and financial sector, healthcare, retail, publishing, and social media, among others. It is used to analyze the relevance of advertisements and contents based on users’ preferences. It held a market share of 32.6% in the year 2019.The revenue generated by the software segment is the result of the extensive use of these tools in analyzing hidden data sets and data patterns from large datasheets.

Key participants include Samsung Electronics, Intel, Xilinx, NVIDIA, IBM, Micron Technology, Microsoft, Amazon Web Services (AWS), Google, and Facebook, among others.

Artificial intelligence can help reduce construction costs in many ways. For example, the use of virtual reality goggles and mini-robots into buildings under construction to track the work as it progresses. AI is also being used today to design the routing of electrical and plumbing systems in modern buildings. Artificial intelligence is also beneficial for the development of safety systems at work sites, which reduces the risks of hazards and accidents.

To learn more details about the Global Artificial Intelligence Market report, visit : https://www.emergenresearch.com/industry-report/artificial-intelligence-market

Offering Outlook (Revenue, USD Billion; 2017-2027)
Hardware
Processors
Memory
Network
Software
AI Platforms
AI Solutions
Services
Deployment & Integration
Support & Maintenance

Technology Outlook (Revenue, USD Billion; 2017-2027)
Machine Learning
Deep Learning
Supervised Learning
Unsupervised Learning
Reinforcement Learning
Generative Adversarial Networks (GANS)
Others
Natural Language Processing (NLP)
Context-Aware Computing
Computer Vision

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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Cloud technology provides with required information and support for the AI learning process, which positively impacts the growth of the market. In various end-user industries, there has been an elevated demand for cognitive computing, which also acts as a driving factor for the expansion of the market. North America dominated the market owing to the rapid technological advancements and increasing government investments in the development of artificial intelligence (AI). Moreover, the presence of some of the leading players of the market in the region will also drive the growth of the market in the region.

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

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?

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