Artificial Intelligence Market Report 2021: Industry Focusing on Research and Development as Demand Continues to Wane

2021年 10月 20日(水曜日) 20:25

The report is titled ‘">Artificial Intelligence Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the artificial intelligence market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The artificial intelligence market is expected to grow at a significant rate in the near future.

The global artificial intelligence market in 2020 is estimated for more than US$ 46.7 Bn and is expected to reach a value of US$ 795.2 Bn by 2028 with a significant CAGR of 42.6%.

Get Free Sample Copy of Artificial Intelligence Market Report:

Artificial Intelligence Market Definition

Artificial Intelligence (AI) refers to the disruptive innovation and new technology that imitates human intelligence in machines that are particularly programmed to function like humans and simulate their actions. AI is an integration of various technologies inclusive of deep learning and machine learning which assists in the generation of software and hardware used for several different objectives such as reasoning, problem-solving, linguistic intelligence, and perception.

Artificial Intelligence is constantly developing to promote several different industries comprising financial, automotive, and healthcare industries. It is also modifying economies, improving productivity, enhancing effectiveness, and lessening costs by making an abstract change in every industry. Over the past few years, Artificial intelligence has been one of the swiftly proliferating technologies.

Noticeably, Artificial intelligence is located at the root of the next-generation software technologies in the market. Also, the major market giants such as IBM, Google, Microsoft, and other key players have earnestly enforced artificial intelligence as an essential part of their technologies. Owing to this, the artificial intelligence market is projected to grow rapidly in the forthcoming years.

View Full Report with Table of Contents:">

Artificial Intelligence Market Dynamics

In recent years, every industry is starting to become technologically advanced and adopt smart products and equipment in order to increase their efficiency and compete in the global market. Artificial Intelligence is one of the swiftly burgeoning technologies, these days, which have the potential to simulate human intelligence into machines which in turn, can assist in reasoning, perception, as well as problem-solving.

Attributing to this, the artificial intelligence market is projected to elevate higher in the forthcoming future. Along with that, the surging global acceptance of cloud-based services and applications and smart virtual assistance is also expected to give a positive push to the growth of the global artificial intelligence market in the upcoming years.

Also, the soaring adoption of the Internet of Things (IoT) in numerous industries all across the world is another factor that is estimated to give a breakthrough to the growth of the artificial intelligence market in the near future. Additionally, the rising huge chunk of data or big data in different industries is also supporting the growth of the artificial intelligence market.

However, the risk of breach of privacy and varying algorithms is likely to restrict the growth of the artificial intelligence market in the coming years.

Have Any Query? Ask Our Industry Expert:

Artificial Intelligence Market Segmentation

The Artificial Intelligence market is segmented on the basis of offering, end-user industry, and region.

By Offering

•    Hardware

o    Processors

    MPU

    GPU

    FPGA

    Others

o    Memory

o    Network

•    Software

o    AI Platforms

    Application Program Interface (API)

    Machine Learning Framework

o    AI Solutions

    On-Premise

    On Cloud

•    Services

o    Deployment & Integration

o    Support & Maintenance

End-User Industry

•    Healthcare

•    Manufacturing

•    Automotive

•    Retail

•    Security

•    Human Resources

•    Marketing

•    Law

•    FIntech

By Region

•    North America

•    Latin America

•    Europe

•    Asia Pacific

•    Middle East

•    Africa

Artificial Intelligence Market Key Players

Some of the key participating players in Artificial Intelligence market are

•    Intel


•    Xilinx

•    Samsung

•    Facebook

•    Micron Technology

•    IBM

•    Google

•    Microsoft

•    Amazon Web Services AWS

•    Oracle

•    SalesForce

•    SAS

•    SAP

•    General Electric

•    CISCO

•    Rockwell

•    Siemens

•    Mellanox Technologies

•    Baidu

Inquiry for Discount or to Get Customized Report:

About Reports and Insights:

Reports and Insights is one of the leading market research companies which offers syndicate and consulting research around the globe. At Reports and Insights, we adhere to the client’s needs and regularly ponder to bring out more valuable and real outcomes for our customers. We are equipped with a strategically enhanced group of researchers and analysts that redefines and stabilizes the business polarity in different categorical dimensions of the market.

Contact Us:

1820 Avenue M, Brooklyn

NY 11230, United States

Mail Us at:


カテゴリー: プレスリリース配信 タグ: AI
プレスリリース配信 プレスリリースの一覧 Artificial Intelligence Market Report 2021: Industry Focusing on Research and Development as Demand Continues to Wane