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Artificial Intelligence Market Worth 16.06 Billion USD by 2022


News provided by

MarketsandMarkets

29 Nov, 2016, 15:00 GMT

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PUNE,India, November 29, 2016 /PRNewswire/ --

According to the latest market research report "Artificial Intelligence Market by Technology (Deep Learning, Robotics, Digital Personal Assistant, Querying Method, Natural Language Processing, Context Aware Processing), Offering, End-User Industry, and Geography - Global Forecast to 2022", published by MarketsandMarkets, the overall market is expected to be worth USD 16.06 Billion by 2022, growing at a CAGR of 62.9% from 2016 to 2022.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 73 market data Tables and 64 Figures spread through 182 Pages and in-depth TOC on "Artificial Intelligence Market"


http://www.marketsandmarkets.com/Market-Reports/artificial-intelligence-market-74851580.html

Early buyers will receive 10% customization on this report.

The artificial intelligence market has a huge potential across various industry verticals such as retail, transportation and automation, manufacturing, BFSI, and agriculture, among others. The major factor driving the artificial intelligence market globally is the growing number of applications of AI technologies in various end-user verticals and the growing adoption of AI for the improvement of consumer services. The growth of the artificial intelligence market is also driven by the development of IT infrastructure and the penetration of smartphones and smart wearables in countries such as India and China.

Natural language processing is expected to hold the largest market share from 2016 to 2022 

The AI market for natural language processing (NLP) is expected to hold largest market share from 2016 to 2022. The growing implementation of natural language processing for the improvement of consumer services in the retail sector is one of the major factors contributing to its growth in the AI market. Moreover, the adoption of NLP in various applications such as car-infotainment system, AI robots, and AI-enabled smartphones, among others, is further driving its growth in the AI market.

Artificial intelligence for the healthcare sector to witness the highest growth rate from 2016 to 2022 

The Artificial Intelligence Market for the healthcare end-user industry is expected to grow at the highest rate during the forecast period. The growing implementation of AI technologies for disease diagnosis, patient care, and drug discovery application is among the major growth drivers of AI in healthcare. Moreover, AI is also widely used in clinical trials, congress planning, advisory boards, promotional outreach, and for serving untapped sales opportunities.

North America leads the artificial intelligence market in terms of market size 

North America held the largest share of the artificial intelligence market in 2015. North America is one of the fastest-growing markets in terms of technological advancement, manufacturing operations, infrastructure, disposable income, and others. The wide-scale adoption of AI technologies in several industries such as manufacturing, media and advertising, healthcare, BFSI, and transportation and automotive is the key factor supporting the growth of the AI market in this region.

The companies that are profiled in the report are IBM Corp. (U.S.), Microsoft Corp. (U.S.), Google Inc. (U.S.), FinGenius Ltd. (U.K.), NVIDIA Corporation (U.S.), Intel Corporation (U.S.), General Vision, Inc. (U.S.), Numenta, Inc. (U.S.), Sentient Technologies (U.S.), and Inbenta Technologies, Inc. (U.S.).


Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=74851580

This report describes the market trends, drivers, restraints, opportunities, and challenges for the artificial intelligence market and forecasts the market up to 2022. The report also includes the value chain and Porter's analysis of the market, along with a detailed view of the market across four major regions, namely, North America, Europe, Asia-Pacific, and Rest of the World (which includes the Middle East, Latin America, and Africa). The report profiles the 10 most promising players in the artificial intelligence market.

Browse Related Reports 

Enterprise Manufacturing Intelligence Market by Deployment Type (Embedded, and Standalone), Offering (Software, and Services), End-User Industry (Automotive, Oil & Gas, Pharmaceutical, Food & Beverages), and Geography - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/enterprise-manufacturing-intelligence-market-32000061.html

Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets
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Suite 2175, Seattle,
WA 98101, United States
Tel : 1-888-600-6441
Email: sales@marketsandmarkets.com


Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

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