June 30, 2022

Global Artificial Intelligence Market to be Driven by Rising Adoption of Technology in the Forecast Period of 2021-2026

5 min read
Global Artificial Intelligence Market to be Driven by Rising Adoption of Technology in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Artificial Intelligence Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global artificial intelligence market, assessing the market based on its segments like solution, technology, type, end-use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report [email protected] https://www.expertmarketresearch.com/reports/artificial-intelligence-market/requestsample

The key highlights of the report include:

Market Overview (2015-2026)

  • Historical Market Size (2020): USD 1.2 Trillion
  • Forecast CAGR (2021-2026): 23%
  • Forecast Market Size (2026): USD 6 Trillion

The global artificial intelligence market witnessed significant growth in the historical period due to increasing investment in technology and rising awareness among the end-use consumers. This was further fuelled by tight competition among the end-users to survive in the growing market. North America dominated the market in 2020. This domination can be attributed to positive government policies encouraging the adoption of artificial intelligence (AI) across multiple industries. The Asia Pacific region is expected to grow significantly in the forecast period due to dramatically increased investments in artificial intelligence. In addition, a rising number of AI start-ups in the region are accelerating the use of AI to increase operational efficiency and enable process automation.

Industry Definition and Major Segments

Artificial intelligence (AI) refers to technology that can perform operations that normally need human comprehension, such as visual perception, speech recognition, decision-making, language translation and problem solving based on past experiences.

Based on solution, the market can be categorised into the following:

Based on the technology, the market can be bifurcated into:

  • Machine Learning
  • Natural Language Processing (NLP)
  • Context-Aware Computing
  • Computer Vision
  • Robotics

Based on the type, the market can be divided into two segments, such as:

  • Narrow/Weak AI
  • General/Strong AI

The market can be divided into following segments based on the end-use, such as:

  • Healthcare
  • BFSI
  • Automotive and Transportation
  • Security
  • Aerospace
  • Defence
  • Agriculture
  • Retail
  • Financial
  • Manufacturing
  • Advertisement and Marketing
  • Others

The regional market for artificial intelligence includes:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Explore the full report with the table of [email protected] https://www.expertmarketresearch.com/reports/artificial-intelligence-market

Market Trends

As industries begin to traverse the modern technological revolution, they are looking for dependable and competent technology partners. Deep learning models handle vast amounts of data, such as photos, texts, and sounds, using artificial neural networks to produce accurate results. AI-powered automation has proven effective in a wide range of industries, including aviation, medical, agriculture, energy, and material handling. Not only is AI being used to automate operations, but it is also being utilised to troubleshoot equipment faults or uncover product flaws. Despite these developments, AI is still incapable of abstract art or creativity. This means that an ever-changing workforce trained in robots and modern manufacturing is required. The only restraining factor to this market is the lack of experts with AI still growing from a nascent stage which would only last for the few initial years as more and more professional rise through the ranks.

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Key Market Players

The major players in the global market are Google LLC, Microsoft Corporation, IBM Corporation, Intel Corporation, Cisco Systems, Inc., Apple Inc., and NVIDIA Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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