The global artificial intelligence market is projected to reach $115 billion by 2027, at a CAGR of 23.5% during 2022-2027. The growth of artificial intelligence market is driven by increasing demand for virtual assistance for easy accessibility of services and growing adoption of cloud-based technology.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the artificial intelligence market
by end use industry (media and advertising, security, automotive, healthcare,
retail, fintech, manufacturing and others), technology (machine learning,
natural learning processing, and others), product and service (hardware, software,
and service), and region (North America, Europe, Asia Pacific, and the Rest of
the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the artificial intelligence market?
Q.4 What are some
changing demands of customers in the artificial intelligence market?
Q.5 What are the new
developments in the artificial intelligence market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this artificial intelligence area and how
big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this artificial intelligence market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include growing adoption
of artificial intelligence in IoT applications and increasing demand for
AI-enabled processors.
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Market Segmentation:
Based on technology, the
artificial intelligence market is segmented into machine learning, natural
learning processing, and others. The machine learning segment is accounted for
the largest share of the market in 2021 and witness the highest growth in the
forecast period due to increasing adoption of this technology in the autonomous
applications and growing consumer preference for IoT-enabled devices.
Asia Pacific is expected
to be the largest region with the highest growth over the forecast period due to the
growing adoption of IoT (internet of things), increasing installation of smart
home devices, and growing industrial automation in countries, such as China,
India, and Taiwan.
Key Players in the artificial
intelligence market are Intel, IBM, Amazon, Facebook, NVIDIA, Apple, Microsoft,
General Electric, and NEC Corporation.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their position
in the business.
To read more about this market please click on
https://www.lucintel.com/artificial-intelligence-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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