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Global Artificial Intelligence (AI) Market Analysis, Trends, and Forecasts, 2024 - Growing Focus on AI by Leading Tech Companies with Huge Financial Resources - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--

The "Artificial Intelligence (AI): Global Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2015 through 2024. Market data and analytics are derived from primary and secondary research. This report analyzes the worldwide markets for Artificial Intelligence (AI) in US$ Million.

Key Topics Covered:

1. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

2. INDUSTRY OVERVIEW

Artificial Intelligence (AI): Allowing Machines to Perform Human-like Tasks, Automate Processes, Improve Productivity and Enhance User Experience

Digitization of Business, Industrial & Consumer Processes and Expanding Use Cases to Propel AI Revenues Worldwide

Inherent Advantages of AI Technology to Accelerate Adoption in Varied Applications

Data Deluge from Digital Devices: AI Emerges as a Solution to Manage, Analyze and Gain Insights from Data

Constant Advancements in Computing Power: An Essential Factor for Commercialization of AI Applications

AI-based Software Segment Captures Major Share of Global AI Market

Developed Markets Dominate AI Market, Asia-Pacific to Spearhead Future Growth

Countries Adopt Strategic Plans to Promote AI

Automotive and Healthcare: Promising End-Use Markets for Artificial Intelligence

Deep Learning and Digital Assistant Technologies Present Significant Growth Potential

Challenges Restraining AI Adoption

Investors Flock to Fund AI Startups: An Indication to the High Potential of AI Technology

Use of AI Algorithms among Unicorns across Industries

AI Research Continues to Attract Investment

3. GROWTH DRIVERS, MARKET TRENDS AND ISSUES

Rising Significance of Internet of Things (IoT) for AI

Convergence of AI and IoT: Creating Intelligent and Smart Things

Artificial Intelligence Vital for IoT

Shift to Adaptive Technology

Funding to AI in IoT/IIoT

Promising Early Stage AI Companies in IoT and IIoT Sector

AI as a Service Market: Obviating the Need to Make Huge Initial Investments

Increasing Adoption of AI Technology to Boost AI Chipsets Market

Combination of Robotics and AI Set to Cause Significant Disruption in Various Industries

AI Set to Transform Service Robotics Market

Industrial Robots Evolve as Thinkers with Advancements in AI

Catalysts for Innovations in Artificial Intelligence Market

The Use of Unsupervised Learning Models

Advent of Small Data

Deep Reasoning

Improved Hardware and Efficient Algorithms

A Review of Major Technology Trends in the Artificial Intelligence Market

Deep Learning to Understand Functioning of Neural Networks

Deep Reinforcement Learning to Resolve Business Problems

Augmented and Lean Data Learning to Mitigate Labeled Data Issue

Generative Adversarial Network to Enable Learning and Lower Processing Load

Hybrid Learning for Modeling Uncertainty

Probabilistic Programming Languages for Model Development

Automated Machine Learning (AutoML) for Model Creation

Explainable AI to Understand Machine Learning Algorithms

Digital Twins for Nonphysical Objects or Processes

Notable Trends in the Artificial Intelligence Market

Launch of Autonomous Vehicles

Rising Significance of AI for Content Creation

Increasing Integration of Robotics into Everyday Life

Growing Significance of Capsule Networks

Broader Adoption across Enterprises

Facial Recognition Gains Traction

Growing Power of Personal Assistants

Popularity of Voice-based Assistants

Trend towards Decentralized AI

Logistics to Attain High Efficiency

Rising Focus on Narrow AI

Peer-to-Peer Networks for Higher Transparency

Transition towards Automated Machine Learning

Increasing Adoption of Cloud for Machine Learning

Growing Significance of CNNs

Embedded Deep Learning: Focus of Software Development Efforts

AI Market to Shift towards Open Data Sources

Machine Learning as a Service to Gain Prominence

Rising Significance of Robotics Process Automation (RPA)

Emergence of Intelligent AI-Integrated Apps in Enterprises

AI Developments to Enable Emotional Understanding

Impact of AI on the Job Market - Despite Concerns Many Positives Exist

4. END-USE ANALYSIS

Aviation Industry: A Nascent End-Use with Tremendous Untapped Potential for AI Technology

Air Transport Industry Taps AI for Efficient Baggage Handling

AI-Enabled Advanced Electronic Warfare Systems Help Airborne Platforms to Counter Threats from Adaptive Radars

Intelligent Drones and AI Technology to Provide Actionable Intelligence and Insights

AI in Media & Advertising: Targeting Customers with Right Marketing Content

Funding for AI in Advertising & Marketing

Promising Early Stage AI Companies in Advertising and Marketing Sector

Possibilities Galore for AI in Digital Marketing

Marketing Functions Where AI is Yet Impossible to Deploy

AI-Enabled CRM Market: Promising Growth Opportunities in Store

Artificial Intelligence to Transform Delivery of Healthcare Services

Healthcare AI Market to Experience Remarkable Expansion

AI to Improve Basic Healthcare Services

AI Potential in Improving Utilization of Resources

Growing Focus on Patient Care and Management

R&D Efforts to Promote Use AI in Healthcare

Robot-Assisted Surgery and Virtual Nursing Assistants: Major Applications in Healthcare AI Market

AI in Medical Diagnostics and Pharmaceutical Sectors

Rising Prevalence of Diabetes to Drive AI Adoption in Diabetes Management Market

North America Dominates the Global Healthcare AI Market

Despite High Potential, Certain Barriers Restrain AI Adoption in Healthcare Sector

AI in Healthcare Market - A Fragmented Landscape

Healthcare AI Attracts Investor Interest

Promising Early-Stage AI Companies in Healthcare Industry

AI in Retail Market: Multi-Channel Retailing and e-Commerce Favor Segment Growth

AI for a Competitive Edge for Retail Organizations

Emerging AI Tools Set to Transform the Retail Industry

E-Commerce: A Sector with Tremendous Potential for AI Technology

Chatbots

Recommendation Engines

Visual Search and Listen

Design Optimization and Design Forecasting

Consumer Insights

Sales Forecasting and Supply Chain Optimization

AI to Play a Part in Reviving In-Store Sales

Optimizing Store Location: AI Comes to the Aid

Funding for AI in Commerce

Promising Early Stage AI Companies in Commerce Sector

AI in Education Market to Exhibit Exponential Growth

Focus on ITS, IAL and Chatbots Favors Market Growth

North America and Europe Lead AI in Education Market

Agriculture Sector: A Promising Market for AI Implementations

AI Technologies Used in Agricultural Activities - A Review

AI Tracks Commercial Fishing Activity

Blue River Technology Offers See and Spray Technique

Harvest CROO Robotics Develops Robotic Strawberry Picker

5. AN INTRODUCTION TO ARTIFICIAL INTELLIGENCE (AI)

Rise of AI

Science of AI

Smart Computers

AI Program

Developing an AI System

Multi-Agent Systems

AI and Brain

AI and Biological Intelligence

Intelligent System Characteristics

AI and Information Retrieval

AI Systems in Practice

Intelligent System Methodologies

Expert Systems (ES)

Applications

Artificial Neural Networks (ANN)

Belief Networks

Decision Support Systems (DSS)

Fuzzy Systems

Genetic Algorithms (GA)

Intelligent Software Agents (ISA)

Case-Based Reasoning (CBR)

Data Mining

Language Technology (LT)

Types of AI

Weak AI

Strong AI

Other AI Domains

Intelligent System Families with Broad Applicability

Intelligent Simulation Systems (ISS)

Intelligent Information Resources

Intelligent Project Coaches

Robotics

6. END-USE INDUSTRIES: AN OVERVIEW

General AI Techniques

Broad AI Applications

Science

Medicine

Entertainment

Art

AI in Business

History of Commercial AI Applications in Business

AI Methods in Business

Expert Systems (ES)

Applications

Expert System Applications in Various Domains

Artificial Neural Networks (ANN)

ANN Techniques

Applications

Artificial Neural Networks Applications in Various Domains

Evolutionary Algorithms (EA)

Branches

Genetic Algorithms

Genetic Programming

Evolutionary Programming & Evolution Strategies

Applications

Evolutionary/Genetic Algorithm Applications in Various Domains

Hybrid Systems

Fuzzy Logic and Fuzzy Expert Systems

Applications

Data Mining

Business Areas using AI

AI Applications in Business

CRM

CRM - Behavior Analysis

CRM - Support and Marketing

Company Management

Production Management

Finance Management

Other Applications

Credit Card Issuers and Collectors

Insurance and Mortgage

Content Management

Future of AI in Business

CRM

Communication

Support

Marketing

Company Management

AI in Speech Recognition

Applications of Speech Technologies

Recorded Book Assistant

Telephone Number Detector

Minutes Taker

Live Language Dictionary

Customizable Radio (Radio Broadcasting Based on Requests)

Navigation System

AI in Medicine

AI Methods in Medicine

Producing Alerts and Reminders

Diagnostic Assistance

Information Retrieval Agents

Therapy Analysis and Planning

Image Recognition and Interpretation

AI Applications in Medicine

7. COMPETITIVE LANDSCAPE

AI Marketplace Characterized by Intense Competition

The AI Market Rife with Activity

Growing Focus on AI by Leading Tech Companies with Huge Financial Resources

The Advent of Innovative Startups

7.1 Focus on Select Players

AIBrain, Inc. (USA)

Amazon Web Services (USA)

Baidu, Inc. (China)

Cisco Systems, Inc. (USA)

CloudMinds (USA)

eGain Corporation (USA)

Facebook, Inc. (USA)

General Electric Company (USA)

Google, Inc. (USA)

International Business Machines Corporation (IBM) (USA)

Intel Corporation (USA)

Micron Technology, Inc. (USA)

Microsoft Corporation (USA)

Next IT Corporation (USA)

Nuance Communications, Inc. (USA)

NVIDIA Corporation (USA)

Omron Adept Technologies, Inc. (USA)

Oracle Corporation (USA)

Rockwell Automation, Inc. (USA)

Salesforce.com, inc. (USA)

Samsung Electronics Co., Ltd. (South Korea)

SAP SE (Germany)

SAS Institute Inc. (USA)

Siemens AG (Germany)

Xilinx, Inc. (USA)

7.2 Product Innovations/Introductions

NVIDIA Launches NVIDIA HGX-2 for AI and HPC

Lash Group Introduces AI-Powered Electronic Benefit Verification Solution

Oracle Announces New AI Cloud Applications for Manufacturing Companies

Google Introduces Third Generation AI Chips

NetSuite Announces AI and Machine Learning-based Intelligent Cloud Suite

Oracle Launches AI-based Applications for Oracle Customer Experience (CX) Cloud Suite

SAS Launches SAS Viya with Embedded AI and Automation Capabilities

Philips Introduces AI-based HealthSuite Insights Platform

Nuance Unveils New TTS Technology with Deep Neural Networks

Oracle Unveils AI-based Applications for ERP

Nuance Unveils AI-Powered Solutions for Cars and Smart Homes

Nuance Releases Nuance AI Marketplace for Diagnostic Imaging

EnvoyAI Introduces EnvoyAI Exchange Platform

Microsoft Introduces Azure Databricks

Cray Introduces AI Products for Promoting Deep Learning Adoption

WEVO Unveils AI Platform for Marketers

SAP Introduces Machine Learning Technology for Marketing Campaigns

Oracle Announces AI-based Apps

Squirro Introduces TRINITY for Enterprises

SAP Incorporates ML Capabilities in SAP S/4HANA

LexisNexis Introduces Lexis Answers AI Enhancement in Lexis Advance Offering

Salesforce Launches AI-Powered Salesforce Einstein Analytics

Nielsen Rolls Out Nielsen Artificial Intelligence

SAP Incorporates ML and Predictive Analytics for Cloud-Based Integrated Business Planning Suite

7.3 Recent Industry Activity

Microsoft Takes Over Semantic Machines

Cisco Acquires Accompany

Paylocity Chooses eGain's AI Reasoning Solution for Guiding Customer Service Experience

NVIDIA and Canon Partner for Promoting Deep Learning in Healthcare

C3 IoT Enters into Strategic Partnership with Microsoft for AI in Enterprise Sector

SAS Creates New Division to Combat Fraud with AI and Advanced Analytics

Adobe Inks Strategic Partnership Deal with NVIDIA for AI and Deep Learning Technologies

NVIDIA Forges Partnership with Arm for Deep Learning Technology

L'Oral Takes Over ModiFace

Siemens and Munich Airport in Partnership for Using AI

S&P Global to Take Over Kensho Technologies

Xiaomi and Microsoft Ink Deal to Strengthen AI and Cloud Computing

Publicis Groupe Enters into Partnership with Microsoft for Developing Marcel AI Platform

Uber Selects NVIDIA technology for AI Computing System in Self-Driving Fleets

Volkswagen and NVIDIA Partner to Integrate NVIDIA DRIVE IX Platform in Intelligent Vehicles

Google Establishes New AI Research Center in China

Intuit Chooses AWS for AI and Machine Learning

GE Healthcare and NVIDIA Team Up for Promoting AI Adoption in Healthcare

Nuance and NVIDIA to Provide Machine Learning for Radiology

SAP Expands SAP Leonardo Machine Learning Foundation

Web.com Group Takes Over Assets of Acquisio

Microsoft Ventures Establishes Innovate. AI in the AI Market

John Deere to Purchase Blue River Technology

Cisco to Take Over MindMeld

Vaisala Takes Over Vionice

Cisco Systems to Acquire Perspica

trivago Takes Over Assets of tripl

Facebook Takes Over Ozlo

Naver Takes Over Company AI

Google Purchases Halli Labs

Nuance Teams Up with Epic for AI-powered Innovations

Apple Takes Over Lattice Data

NVIDIA Enters into Partnership with SAP for AI Business Applications

NVIDIA and Facebook Partner for Caffe2 Deep Learning Framework

Nielsen Takes Over vBrand

Genpact Takes Over Rage Frameworks

Mercedes-Benz Partners with NVIDIA for AI Car Technology

HERE Extends Collaboration with NVIDIA for AI-based HERE HD Live Map

NVIDIA Collaborates with ZENRIN for AI-Powered HD Mapping for Japan

Vector and mPrest Develop AI and ML System for Managing Auckland's Electricity Network

Microsoft Establishes AI-based Healthcare Division

Facebook Sets Up AI Research Lab in Montreal

IBM and MIT Partner to Establish MIT-IBM Watson AI Lab

Microsoft Establishes Microsoft Research AI Lab

Google Forms AI-Focused Neural Network Division

8. GLOBAL MARKET PERSPECTIVE

9. REGIONAL MARKET PERSPECTIVE

10. COMPANY PROFILES

Total Companies Profiled: 153 (including Divisions/Subsidiaries - 156)

  • The United States (97)
  • Canada (8)
  • Japan (3)
  • Europe (26)
    • France (5)
    • Germany (4)
    • The United Kingdom (5)
    • Spain (1)
    • Rest of Europe (11)
  • Asia-Pacific (Excluding Japan) (17)
  • Middle East (4)
  • Latin America (1)

For more information about this report visit https://www.researchandmarkets.com/r/qoq6b2

View source version on businesswire.com: https://www.businesswire.com/news/home/20190612005440/en/