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Artificial Intelligence (AI) Market Analysis, Growth, Shares, Size, Trends, Types and Applications with Forecast to 2021

Wednesday, November 16, 2016 6:20
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(Before It's News)

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.

Browse Detailed TOC, Tables, Figures, Charts and Companies Mentioned in Global Artificial Intelligence (AI) market research report @ http://www.absolutereports.com/10166372

 

 

 

Artificial Intelligence (AI) Market Drivers

  • Diversified application sectors for artificial intelligence
  • Increasing demand for artificial intelligence to enhance productivity
  • Rising demand for artificial intelligence for improving customer satisfaction

Artificial Intelligence (AI) Restraints

  • Objections regarding the use of AI by industry experts
  • Lack of skilled workforce

Artificial Intelligence (AI) Opportunities

  • Growing areas of applications for artificial intelligence

Artificial Intelligence (AI) Challenges

  • Creating models and mechanism of artificial intelligence

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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.

No. of Report pages: 151

Price of Report: $ 5650 (Single User License)

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About Absolute Report:

Absolute Reports is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in depth market research. We are one of the top report resellers in the market, dedicated towards bringing you an ingenious concoction of data parameters.

Contact–

Mr. Ameya Pingaley

Absolute Reports

+1-408 520 9750

Email – sales@absolutereports.com

www.absolutereports.com

 

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