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Global Artificial Intelligence (AI) Market 2017-2021

Global Artificial Intelligence (AI) Market 2017-2021

About Artificial Intelligence (AI)

AI technologies assist human beings in deliberating, deducing, analyzing, and inventing new technologies that can ensure the Fourth Industrial Revolution. As a result of its reducing expenses, the adoption of the AI technology is increasing in every sector. AI uses multiple disciplines that allow computers to perform functions that require human intelligence such as learning, reasoning, and problem-solving. It is possible to collect and store large amounts of real-time data using modern technologies, such as vision systems, actuators, and sensors, which can strongly influence manufacturing processes. The real-time data can also be manipulated for efficient manufacturing.

Technavio’s analysts forecast the global artificial intelligence market to grow at a CAGR of 50.51% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global artificial intelligence market for 2017-2021. To calculate the market size, the report considers the retail selling price considered as the average selling price for the product.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Artificial Intelligence Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Amazon Web Services
  • IBM
  • Siemens
  • Omron Adept Technologies
Other prominent vendors
  • AIBrain
  • Anki
  • Apple
  • Banjo
  • CloudMinds
  • Facebook
  • Google
  • iCarbonX
  • Intel
  • Jibo
  • Microsoft
  • Next IT
  • NVIDIA
Market driver
  • Growing adoption of deep learning technology
  • For a full, detailed list, view our report
Market challenge
  • Challenges in developing AI technologies
  • For a full, detailed list, view our report
Market trend
  • Growing popularity of swarm AI technology
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Artificial Intelligence Market 2017-2021

Technavio recognizes the following companies as the key players in the global artificial intelligence market: Amazon Web Services, IBM, Siemens, and Omron Adept Technologies.

Other Prominent Vendors in the market are: AIBrain, Anki, Apple, Banjo, CloudMinds, Facebook, Google, iCarbonX, Intel, Jibo, Microsoft, Next IT, and NVIDIA.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing popularity of swarm AI technology. After analysis and introspection, engineers and scientists have tried to adapt automation to highly efficient patterns observed in nature. Worker ants are considered as efficient workers and efficient team members. They execute all tasks in a focused manner while maintaining constant communication.”

According to the report, one of the major drivers for this market is growing adoption of deep learning technology. The deep learning technology is one of the advanced versions of AI technologies, which is attempts to mimic the functioning and activity of the human brain. It is capable of learning to recognize patterns of sounds, images, and other data.

Further, the report states that one of the major factors hindering the growth of this market is challenges in developing AI technologies. AI-based technologies, such as deep learning, require large amounts of data as their knowledge base to interpret real-time data and make decisions. Acquisition of this data itself is a difficult process and may even be unethical sometimes. For instance, AI-based diagnostic tools used in the healthcare and pharmaceutical industries need large amounts of information of actual patients. The collection of this type of data may not be feasible and may violate the code of ethics. In addition, smaller AI start-ups may own higher technical skills than large MNCs, such as Google or Microsoft, but lack funds to collect the necessary data.

Companies Mentioned

Amazon Web Services, IBM, Siemens, Omron Adept Technologies, AIBrain, Anki, Apple, Banjo, CloudMinds, Facebook, Google, iCarbonX, Intel, Jibo, Microsoft, Next IT, and NVIDIA.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Table Global AI market: Overview
    • Global AI market
      • Table Global AI market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global AI market by application
  • Segmentation by end-user
    • Global AI market by end-user
      • Table Global AI market by end-user 2016-2021 (share)
      • Table Global AI market by end-user: Revenue comparison 2016-2021 ($ billions)
      • Table Global AI market by end-user: CAGR comparison 2016-2021 (revenue)
    • Global AI market by healthcare sector
      • Table Global AI market by healthcare sector 2016-2021 ($ billions)
    • Global AI market by media and entertainment sector
      • Table Global AI market by media and entertainment sector 2016-2021 ($ billions)
    • Global AI market by manufacturing sector
    • Global AI market by automotive sector
      • Table Global AI market by automotive sector 2016-2021 ($ billions)
    • Global AI market by retail sector
      • Table Global AI market by retail sector 2016-2021 ($ billions)
    • Global AI market by others
      • Table Global AI market by others 2016-2021 ($ billions)
  • Geographical segmentation
    • Global AI market by geography
      • Table Global AI market by geography 2016-2021 (share)
      • Table Global AI market: Revenue comparison by geography 2016-2021 ($ billions)
      • Table Global AI market: CAGR comparison by geography 2016-2021 (revenue)
    • AI market in Americas
      • Table AI market in Americas 2016-2021 ($ billions)
    • AI market in EMEA
      • Table AI market in EMEA 2016-2021 ($ billions)
    • AI market in APAC
      • Table AI market in APAC 2016-2021 ($ billions)
  • Key leading countries
    • Table Key leading countries 2016 (revenue)
    • US
      • Table AI market in US 2016-2021 ($ billions)
    • Germany
      • Table AI market in Germany 2016-2021 ($ billions)
    • Japan
      • Table AI market in Japan 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Top countries with number of robots deployed per 10,000 employees 2016
      • Table Investments in AI start-ups 2011-2016
      • Table Acquisitions of AI start-ups 2015-2016
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
  • Vendor landscape
    • Competitive analysis
    • Key leading vendor
      • Table Amazon Web Services: Product offerings
      • Table IBM: Product offerings
      • Table Siemens: Product offerings
      • Table Omron Adept Technologies: Product offerings
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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