Global Artificial Intelligence Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Artificial Intelligence Market Report by The Business Research Company covers artificial intelligence market drivers and restraints, artificial intelligence market size, major players, and the impact of COVID-19 on the artificial intelligence market.
The artificial intelligence market consists of sales of the artificial intelligence software and related services. Artificial Intelligence (AI) sometimes referred to as machine intelligence. Artificial intelligence is a wide-ranging branch of computer science-related with building smart machines that can perform tasks that require human intelligence.
Growing investment in AI technologies contributed to the growth of the artificial intelligence market. The global artificial intelligence market is expected grow from $40.17 billion in 2020 to $51.56 billion in 2021 at a compound annual growth rate (CAGR) of 28.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $171.02 billion in 2025 at a CAGR of 35%.
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Some artificial intelligence market trends include automated machine learning. It is being implemented by many companies. It is quite complicated to apply traditional machine learning models for real-world business problems. The better solution is to use Automated machine learning which allows non-machine learning (ML) experts to use machine learning algorithms without being machine learning wizards.
Global artificial intelligence market segments include:
1) By Offering: Hardware, Software, Services.
2) By Technology: Machine learning, Natural language processing, Context-Aware Computing, Computer Vision, Others (Image processing, Speech recognition).
3) By End-user Industry: Healthcare, Automotive, Agriculture, Retail, Marketing, Telecommunication, Defense, Aerospace, Media & Entertainment, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Artificial Intelligence Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides artificial intelligence market overviews, analyzes and forecasts market size, share, artificial intelligence market players, artificial intelligence market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The artificial intelligence identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Artificial Intelligence Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Google, IBM, Baidu, Microsoft, Apple Inc., Ipsoft, NVIDIA corporation, Samsung Electronics Co Ltd, MicroStrategy Inc., Qlik Technologies Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Artificial Intelligence Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Artificial Intelligence Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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