Artificial Intelligence Market Forecasts

NEW YORK, Nov. 8, 2016 /PRNewswire/ -- Artificial intelligence (AI) is poised to have a transformative effect on consumer, enterprise, and government markets around the world. An umbrella term that refers to information systems inspired by biological systems, AI encompasses multiple technologies including machine learning, deep learning, computer vision, natural language processing (NLP), machine reasoning, and strong AI. These technologies have use cases and applications in almost every industry and promise to significantly change existing business models while simultaneously creating new ones.

In sizing and forecasting the total global AI market, Tractica has created a taxonomy of 191 real-world use cases for AI, organized into 27 different industry sectors and corresponding with six major technology categories, plus multiple combinations of technologies. Some use cases – such as image recognition, algorithmic securities trading, and healthcare patient data management – have huge scale potential, while others are niche applications. Likewise, a few key industry sectors including consumer products, business services, advertising, and defense applications will drive significant revenue for AI software implementations in addition to AI-driven hardware and service sales, but during the coming decade the technologies will have an effect on almost every conceivable industry sector. Tractica forecasts that annual worldwide AI revenue will grow from $643.7 million in 2016 to $38.8 billion by 2025.

This Tractica report provides a quantitative assessment of the market opportunity for artificial intelligence across the consumer, enterprise, and government sectors. The report includes market sizing, segmentation, and forecasts for 191 specific AI use cases and the 27 industries in which they will play a role. The market forecasts span the period from 2016 through 2025 and include segmentation by the six fundamental AI technologies: machine learning, deep learning, computer vision, natural language processing, machine reasoning, and strong AI. Revenue forecasts are further segmented by software, hardware, and services in addition to segmentation by world region.

Key Questions Addressed:
What are the key use cases for AI and which industry sectors will experience the most revenue growth over the next 10 years?
Which key AI technologies and combinations of technologies will gain the most market traction?
How will AI software deployments drive sales of hardware and professional services?
How will the market opportunity for AI vary by world region?
What will be the key drivers of AI adoption in each industry and technology category?

Who Needs This Report?
Artificial intelligence technology companies
Software companies
Semiconductor and component vendors
Service providers and systems integrators
End-user organizations deploying AI systems
Industry organizations
Government agencies
Investor community
Read the full report: http://www.reportlinker.com/p04090202-summary/view-report.html

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