Lucintel Newsletter

Business News by Lucintel

Bookmark and Share

Friday, April 22, 2022

Artificial Intelligence Market is anticipated to grow at a CAGR of 23.5% during 2022-2027

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.

Download Brochure of this report by clicking on https://www.lucintel.com/artificial-intelligence-market.aspx

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.

Request Sample Pages by clicking on https://www.lucintel.com/artificial-intelligence-market.aspx

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

Related reports

HDI PCB Market:

For more details click here https://www.lucintel.com/high-density-interconnect-printed-circuit-board-market.aspx

 

Hybrid Memory Cube (HMC) and High-Bandwidth Memory (HBM) Market:

For more details click here https://www.lucintel.com/hybrid-memory-cube-and-high-bandwidth-memory-market.aspx

 

Flexible Printed Circuit Board Market:

For more details click here https://www.lucintel.com/flexible-printed-circuit-board-market.aspx

 

Multilayer Ceramic Capacitor Market:  

For more details click here https://www.lucintel.com/multilayer-ceramic-capacitor-market.aspx

 

Fire Detector Market:

For more details click here https://www.lucintel.com/fire-detector-market.aspx

 

Active Optical Cable Market:

For more details click here https://www.lucintel.com/active-optical-cable-market.aspx

 

Home Automation Market:

For more details click here https://www.lucintel.com/home-automation-market.aspx

 

Micro LED Market:

For more details click here https://www.lucintel.com/micro-led-market.aspx

 

LED Driver Market:

For more details click here https://www.lucintel.com/led-driver-market.aspx


GPS Tracking Device Market:

For more details click here https://www.lucintel.com/gps-tracking-device-market.aspx

No comments:

Post a Comment