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Artificial Intelligence Market to Reach US$3,061.35 bn With Increasing Demand From End-use Industries - TMR

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News provided by

Transparency Market Research

09 Jan, 2019, 11:00 GMT

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ALBANY, New York, January 9, 2019 /PRNewswire/ --

Transparency Market Research (TMR) states the global artificial intelligence market to grow at promising rates in the coming years. The competitive landscape of the market is intense and players are having a neck-to-neck battle for attaining the top spot. On the other hand, small players are consolidating business geographically and this may further intensify the competitive tension among all other rivals.

     (Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4674

Important players of the artificial intelligence market are Next IT Corporation, IntelliResponse Systems Inc., Next IT Corporation, IBM Corporation, Brighterion Inc., and Google Inc. All players are adopting the key strategy to gain traction and that is through extensive research and development activities. The rising investment in research and development activities may help players to have a better grip of the market. Implanting advanced technology in product portfolio is prognosticated to be a vital tool for vendors in order to gain substantial market share and stay ahead of the curve.

As per the reports of TMR, the global artificial intelligence market is anticipated to be worth US$3,061.35 bn by the end of 2024. The CAGR is projected to be 36.10% and the forecast period is set from 2016 to 2024.

Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4674

As per the segmentation by type, the market is dominated by the digital assistance system, as it is one of the most lucrative artificial intelligence technologies. This is also because of the high uptake of laptops and tablets and other such mobile computing devices.

On the basis of key geographies, the global artificial intelligence market is anticipated to be rising with a notable 38.2% CAGR in the Middle East and African region. This is owing to the abrupt uptake of robotic automation in the respective region.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=4674

End-Use Industries to Demand for Artificial Intelligence Automated Machines, Propelling Market Growth 

The global artificial intelligence market is seen to be driven by a couple of factors. One of them being the big adoption of artificial intelligence in data recording. Another important factor boosting the artificial market is the rise in need for progression in question acknowledgement, protest observation, and machine interpretation zones respectively. Rapid adoption and interpretation of artificial intelligence in end-use industries like retail and business analysis is further anticipated to accelerate the overall market for artificial intelligence in the long run.

Another factor propelling the market for artificial intelligence in the global market is the reinforcement policy influenced by extreme learning models in most of the developing ventures all around the world. Besides, the rise in demand for intelligent virtual assistants in major manufacturing companies is further adding fuel to the growth of the artificial intelligence market in the long run.

Browse Research Release - https://www.transparencymarketresearch.com/pressrelease/artificial-intelligence-market.htm

Lack of Skilled Professionals to Restrict Growth 

The artificial intelligence market may have to further go a long way in order t overcome obstacles in its future market growth. The lack of professionals or so to say the limited number of artificial intelligence experts may act as a hindrance to the overall market growth in the long run.

However, the adoption of artificial intelligence in daily customer service may propel grpwth in th market. Additionally, manufacturing industry having to improve the operational efficiency of artificial intelligence is also anticipated to accelerate the rate of growth of the overall market in the long run.

The information presented above is based on the findings of a research report, titled, "Artificial Intelligence Market (Type - Automated Robotic System, Expert System, Embedded System, Digital Assistance System, and Artificial Neural Network; Application - Cyber Security, Context Aware Processing, Speech Recognition, Video Analysis, Gesture Control, Language Processing, Querying Method, Digital Personal Assistant, Image Recognitio, Smart Robots, and Deep Learning) - Global Industry, Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024".

The global artificial intelligence market is segmented on the basis of  

Global Artificial Intelligence Market by Type 

  • Artificial Neural Network
  • Digital Assistance System
  • Embedded System
  • Expert System
  • Automated Robotic System

Global Artificial Intelligence Market by Application 

  • Deep Learning
  • Smart Robots
  • Image Recognition
  • Digital Personal Assistant
  • Querying Method
  • Language Processing
  • Gesture Control
  • Video Analysis
  • Speech Recognition
  • Context Aware Processing
  • Cyber Security

Global Artificial Intelligence Market by Geography 

  • North America (NA)
  • Europe (EU)
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • Latin America (LATAM)

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About Us 

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com 
Research Blog: https://tmrblog.com/

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