Global Artificial Intelligence Market By Application (Image Recognition, Natural Language Processing, Speech Recognition, etc.), By End User (Consumer Electronics, BFSI, etc.), By Region, Competition Forecast & Opportunities, 2012 – 2022
Artificial Intelligence (AI) refers to the development of computer systems or machines which are capable of performing tasks generally done by human such as recognizing different images, speech, gestures or understanding the human language. These machines are also capable of taking decisions by self-learning from the nearby environment. Global artificial intelligence market is expected to grow at a robust pace over the next five years, owing to its widespread implementation in numerous industries, such as automobile, finance, healthcare, consumer electronics, etc. Moreover, growing investments coupled with increase in number of acquisitions of start-ups by leading players such as Google, IBM, Microsoft and others is driving the global artificial intelligence market. Furthermore, increasing research & development activities are also expected to aid the penetration of artificial intelligence into newer applications in next five years.
According to “Global Artificial Intelligence Market By Application, By End User, By Region, Competition Forecast & Opportunities, 2012 – 2022”, the global market of artificial intelligence is anticipated to grow at a CAGR of over 60% during 2017 – 2022. On the basis of application, global artificial intelligence market has been broadly segmented into image recognition, natural language processing, speech recognition, gesture control & others. Among these categories, image recognition dominated global artificial intelligence market in 2016, and the segment is expected to maintain its dominance over the next five years as well. “Global Artificial Intelligence Market By Application, By End User, By Region, Competition Forecast & Opportunities, 2012 – 2022” discusses the following aspects of global artificial intelligence market:
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