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Global Artificial Intelligence Market (2018-2025) to Grow at a CAGR of 36.62% - Growth in Adoption of Cloud-Based Applications and Services - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--

The "Artificial Intelligence Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), End-User Industry, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The artificial intelligence market is expected to reach USD 190.61 Billion by 2025 from USD 21.46 Billion in 2018, at a CAGR of 36.62% during the forecast period.

The market growth is mainly driven by factors such as the increasing adoption of cloud-based applications and services, growing big data, and increasing demand for intelligent virtual assistants. The major restraint for the market is the limited number of AI technology experts.

On the basis of technologies, the artificial intelligence market has been segmented into machine learning (ML), natural language processing (NLP), context-aware computing, and computer vision. The market for computer vision is expected to grow at the highest CAGR. The growing adoption of computer vision in autonomous and semiautonomous applications in various industries, such as manufacturing and automotive, is propelling the growth of this technology in the AI market.

The artificial intelligence market in APAC is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing adoption of deep learning and NLP technologies in finance, agriculture, marketing, and law applications in APAC. Moreover, the presence of major players in the artificial intelligence ecosystem results in the increasing adoption of these systems in APAC.

Market Dynamics

Drivers

  • Growth in Big Data
  • Growth in Adoption of Cloud-Based Applications and Services
  • Increase in Demand for Intelligent Virtual Assistants

Restraints

  • Limited Number of AI Experts

Opportunities

  • Improving Operational Efficiency in Manufacturing Industry
  • Adoption of AI to Improve Customer Service

Challenges

  • Concerns Regarding Data Privacy
  • Unreliability of AI Algorithms

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Artificial Intelligence Market, by Offering

7 Artificial Intelligence Market, by Technology

8 Artificial Intelligence Market, by End-User

9 Geographic Analysis

10 Competitive Landscape

11 Company Profile

  • Aibrain
  • Amazon Web Services (AWS)
  • Atomwise
  • Baidu
  • Butterfly Network
  • Cylance
  • Darktrace
  • Didi Chuxing
  • Face++
  • Facebook
  • General Vision
  • Google
  • Graphcore
  • IBM
  • Inbenta
  • Intel
  • Mellanox Technologies
  • Micron Technology
  • Microsoft
  • Nvidia
  • Oracle
  • Preferred Network
  • SAP
  • SAS
  • Salesforce
  • Samsung Electronics
  • Vicarious
  • Xilinx
  • Zephyr Health
  • Zoox Inc.

For more information about this report visit https://www.researchandmarkets.com/research/wpxmj6/global_artificial?w=4

View source version on businesswire.com: http://www.businesswire.com/news/home/20180306005902/en/