The latest trending report published by Crystal Market Research titled, Artificial Intelligence Market approximates that the Artificial Intelligence Market size is estimated to flourish at a significant CAGR in the future, and this is attributed to the escalation in need for this product across the globe along with novel innovations in the market.
The Artificial Intelligence Market was worth USD 0.23 billion in the year of 2012 and is expected to reach approximately USD 28.75 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 62.20% during the forecast period.
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Impressive enhancements in business prospects of AI deployment and enhancements in powerful artificial intelligence arrangements are driving the business development.
The Artificial Intelligence sector is sectioned by center advancements into Natural Language Processing (NLP), Machine Vision archetype, Machine Learning, and Deep Learning. Deep Learning technology section is foreseen to command the AI market on the basis of income over the estimate time frame5. 'Deep Learning' technology is picking up unmistakable quality because of its unpredictable information driven applications including image and voice recognition.
Industry Trends Analysis:
The report Artificial Intelligence Market renders a wide-ranging analysis of the said market in terms of product, regional, application and end user segmentation. The report comprises of the present market size of this industry. Also, the potential outlooks and current market summary of this segment has been thoroughly analyzed in this report. Moreover, chief market players of the Artificial Intelligence Market are studied on various factors like product portfolio, company profile, sales analysis, revenue generation through the forecast period.
On the basis of regions, the market is sectioned into South America, Asia Pacific, North America, Europe, and the Middle East and Africa (MEA). In 2016, North America administered the worldwide AI market on the basis of income, attributable to the accessibility of high government subsidizing, the existence of major players in the district, and solid specialized selection base.
Top Major Market Players:
The major players are IBM Watson Health, Zebra Medical Vision Inc, Enlitic, Intel, Lifegraph
This report contains Segment wise in-depth analysis in terms several segments along with market size forecasts and approximations to observe significant areas of industry growth in detail. Additionally, an executive summary, summarizing the entire report in such a way that decision-making team can speedily become familiar with background information, summarizing analysis and main conclusions.
Some of the key questions answered by the report are:
What was the Artificial Intelligence Market size in 2012 and forecast from 2013 to 2022?
What will be the industry Artificial Intelligence Market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the Artificial Intelligence Market forecast?
What are the major segments leading the Artificial Intelligence Market growth and why?
Which are the leading players in the Artificial Intelligence Market and what are the major strategies adopted by them to sustain the Artificial Intelligence Market competition?
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About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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