Artificial Intelligence (AI) Market (Technology - Natural Language Processing, Context-Aware Computing, Computer Vision, and Machine Learning; End-User - Automotive, Retail, Manufacturing, Healthcare, Agriculture, Human Resources, Security, Marketing & Sales, BFSI; Application - Cyber Security, Digital Personal Assistant, Image Recognition, Customer Experience Management, Gesture Control, Smart Robot, Context-Aware Processing): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024. The global artificial intelligence (AI) market is projected to grow at a CAGR of 50% over the forecast period of 2018-2024.

Pune, India -- (SBWire) -- 04/04/2019 --Our latest research report entitled Artificial Intelligence (AI) Market (by technology (natural language processing (NLP), context-aware computing, computer vision, and machine learning), end-user (automotive, retail, healthcare, agriculture, human resources, security, marketing & sales, BFSI), application (cyber security, digital personal assistant, image recognition, predictive risk assessment, smart robots, deep learning, speech recognition, video analysis, context-aware processing)) provides complete and deep insights into the market dynamics and growth of Artificial Intelligence (AI). Latest information on market risks, industry chain structure Artificial Intelligence (AI) cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Artificial Intelligence (AI) growth factors.

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The forecast artificial intelligence (AI) market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Artificial Intelligence (AI) on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report.

Artificial Intelligence (AI) Market: Industry Insights

Artificial intelligence (AI) is a stream of information technology that deals with the automation of intelligent behavior. It has become an essential part of the technology industry. AI is integrated into a variety of different types of technology such as machine learning, machine vision, natural language processing (NLP), robotics and self-driving care and automation. Application of artificial intelligence has made it ways into a number of areas includes manufacturing, finance, education. Healthcare and healthcare.

Artificial Intelligence (AI) Market: Driver and Restraints

The rapid growth in the adoption of big data and cloud-based application and services augments the growth of artificial intelligence market. Moreover, rapidly growing digitization, industrial automation and extensive use of robotics and the computer technologies in the manufacturing, growing use of big data and IoT drive the growth of Artificial intelligence market. In addition, the artificial intelligence offers speech recognition, learning, planning, and problem-solving capabilities which help the manufacturing companies to provide a safer operational environment helps to enhance the quantity and quality of the production. Additionally, growing demand for intelligent virtual assistants is also contributing to the growth of Artificial Intelligence (AI) Market. However, high installing cost of artificial intelligence systems could hamper the growth of artificial intelligence market. Furthermore, the growing adoption of artificial intelligence in developing economies offers lucrative opportunities for the Artificial Intelligence (AI) Market during the forecast period.

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Artificial Intelligence (AI) Market: Segmentation

The global artificial intelligence market is divided into technology, end-user, and application. Based on technology, the global market is categorized into natural language processing (NLP), context-aware computing, computer vision, and machine learning. Furthermore, the End-User Segment is divided into automotive, retail, manufacturing, healthcare, agriculture, human resources, security, marketing & sales, BFSI, and others. On the basis of application, the global artificial intelligence market is bifurcated into cybersecurity, digital personal assistant, image recognition, predictive risk assessment, customer experience management, gesture control, smart robots, deep learning, speech recognition, video analysis, language processing, context-aware processing, and others.

Artificial Intelligence (AI) Market: Regional Analysis

Among the geographies, North Americas dominates the global artificial intelligence market. The growth of this region is attributed due to aggressive use of advanced technologies and the presence of major players. Additionally, growing awareness regarding the benefits of artificial intelligence is also ample the growth of the market in this region. Europe is expected to show a significant share in artificial intelligence market due to increasing adoption of cloud-based services. On the other hands, the Asia Pacific region is projected to witness notable growth during the forecast period owing to the rise in technological development in developing countries. In the near future, the Middle East and Africa are estimated to show at an excellent growth rate.

Artificial Intelligence (AI) Market: Competitive Analysis

The global artificial intelligence market is fairly fragmented. Artificial Intelligence marketplace provides outstanding opportunities for market players looking for mergers or acquisitions. Key players operating in artificial intelligence market are Siemens Ltd., Intel Corporation, IPsoft Inc., NVIDIA Corporation, Microsoft, Verint, Salesforce.com, Inc., SAP SE, Baidu, Inc., and Rockwell Automation, Inc.

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Artificial Intelligence Infusing with MESH Technologies to Create New Life in Internet of Things Industry

In August 2018, Artificial intelligence (AI) is infusing with MESH technologies to breathe new life into the already multi-billion-dollar Internet of Things (IoT) market. IoT has been one of the more prominent buzzwords in technology over the past several years, but it has been taken to new heights through AI and MESH technology, allowing interconnected devices to operate at a higher rate of efficiency and thus open the door to more consumers and businesses to leverage IoT platforms in their everyday lives.