Artificial Intelligence
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A R T I F I C I A L<br />
I N T E L L I G E N C E<br />
M A R K E T
O V E R V I E W<br />
The global artificial intelligence market size is<br />
expected to reach $169,411.8 million in 2025<br />
<strong>Artificial</strong> intelligence has been one of the fastestgrowing<br />
technologies in recent years<br />
AI has characteristics such as language<br />
understanding, reasoning, learning, problem<br />
solving, and others<br />
The rise in number of innovative start-ups and<br />
advancements in technology have led to<br />
increase in investment in artificial<br />
intelligence technologies<br />
North America is projected as one of the<br />
fastest growing region in the artificial<br />
intelligence market
KEY FACTORS OF THE MARKET<br />
The market for artificial intelligence is primarily driven by the improved productivity,<br />
diversified application areas, increased customer satisfaction, and big data<br />
integration.<br />
Moreover, various new startups are investing in AI technologies, as demand for cloud<br />
applications is increasing to analyze large amount of data.<br />
Further, it is projected to generate the highest market revenue over the forecast<br />
period with predominant deployments in the IT & telecom and BFSI industries.
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Key Benefits of the Market<br />
In 2016, the IT & Telecom segment dominated the global artificial intelligence market,<br />
in terms of revenue, and is projected to grow at a CAGR of 56.7% during the forecast<br />
period<br />
The machine learning segment is projected to grow at a CAGR of 56.4% during the<br />
forecast period<br />
.<br />
North America is projected as one of the fastest growing region in the artificial<br />
intelligence market and is expected to witness high growth rate.
Market Segmentation
K E Y P L A Y E R S O F T H E M A R K E T<br />
Alphabet (Google Inc.), Apple Inc.,<br />
Baidu,<br />
IBM,<br />
IPsoft,<br />
Microsoft Corporation,<br />
MicroStrategy, Inc,<br />
NVIDIA,<br />
Qlik Technologies Inc.,<br />
Verint Systems Inc(Next IT Corp)
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