Artificial Intelligence (AI) is the body of technologies, processes and practices designed to protect networks, computers, programs and data from attack, damage or unauthorized access. In a computing context, the term security implies cybersecurity.
Artificial Intelligence (AI) Market at an estimated a Compound Annual Growth Rate (CAGR) of 10.6%, the global Artificial Intelligence (AI) market is projected to grow from $122.45 billion in 2016 to reach $202.36 billion by 2021.
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Artificial Intelligence (AI) Market Drivers
Artificial Intelligence (AI) Restraints
Artificial Intelligence (AI) Opportunities
Artificial Intelligence (AI) Challenges
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Artificial Intelligence (AI) Research Methodology:
The machine learning technology is estimated to hold the largest share of the overall AI market. Additionally, because of the rise in demand for AI from the media & advertising and finance sectors, the artificial intelligence market is projected to feel upward pull in the next five years. The machine learning technology market for the retail, healthcare, law, and oil & gas sectors is also likely to grow during the forecast period.
The APAC AI market is expected to follow the highest CAGR between 2015 and 2020. The prompt adoption of the machine learning technology in the advertising & media, finance, and retail sectors in this region and rise in the usage of natural language processing technology are responsible for the growth of the artificial intelligence market in APAC.
Artificial Intelligence (AI) Company Profiles
1. IBM Corp. (U.S.)
2. Microsoft Corp. (U.S.)
3. Google Inc. (U.S.)
4. Mobileye N.V. (Israel)
5. Sentient Technologies (U.S.)
6. Kensho Technologies, Inc. (U.S.)
7. Rocket Fuel Inc. (U.S.)
8. FinGenius Corp. (U.K.)
9. IPsoft (U.S.)
10. Zephyr Health (U.S.)
Primary interviews were conducted with various industry experts to collect data related to different aspects of the market. Primary sources include professionals such as decision makers, executives, vice presidents, and CEOs.
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