Artificial Intelligence Market Growing at 53.65% CAGR to 2022
PUNE, India, February 9, 2016 /PRNewswire/ --
The artificial intelligence (A.I.) market is estimated to grow from USD 419.7 million in 2014 to USD 5.05 billion by 2020, at a CAGR of 53.65% from 2015 to 2020 due to factors such as diversified application areas, improved productivity, and increased customer satisfaction.
Complete report on global artificial intelligence (A.I.) market spread across 148 pages, profiling 10 companies and supported with 65 tables and 47 figures is now available at http://www.reportsnreports.com/reports/470604-artificial-intelligence-market-by-technology-machine-learning-natural-language-processing-image-processing-and-speech-recognition-application-advertising-media-finance-retail-and-others-geography-global-forecast-to-2020.html .
The machine learning technology is expected to account for the largest share of the overall AI market during the forecast period. In addition, due to the increase in demand for AI from the media & advertising and finance sectors, the artificial intelligence (A.I.) market is expected to gain traction in the next five years. The machine learning technology market for the retail, healthcare, law, and oil & gas sectors is also expected to witness growth during the forecast period.
The AI market in APAC is expected to grow at the highest CAGR between 2015 and 2020. The rapid adoption of the machine learning technology in the advertising & media, finance, and retail sectors in this region and increase in the usage of natural language processing technology are contributing to the growth of the worldwide artificial intelligence (A.I.) market in APAC.
Due to the increasing demand for solutions to complex financial problems and healthcare solutions pertaining to clinical trials and related studies, the artificial intelligence (A.I.) market has huge opportunities to flourish in the next five years.
Some of the key players in the global artificial intelligence (A.I.) market profiled in this report such as IBM Corp. (U.S.), Microsoft Corp.(U.S.), Google Inc. (U.S.), IPsoft (U.S.), Rocket Fuel Inc. (U.S.), Kensho Technologies, Inc. (U.S.), Sentient Technologies (U.S.), FinGeniusCorp.(U.K.), Mobileye N.V. (Israel), Zephyr Health (U.S.). Order a copy of Artificial Intelligence Market by Technology (Machine Learning, Natural Language Processing, Image Processing, and Speech Recognition), Application (Advertising & Media, Finance, Retail, and Others), & Geography - Global Forecast to 2020 research report at http://www.reportsnreports.com/purchase.aspx?name=470604 .
This report segments the artificial intelligence (A.I.) market comprehensively and provides the closest approximations of the revenue numbers for the overall market and sub segments across different applications and regions. The report would help stakeholders to understand the pulse of the market and provides them with the information on key market drivers, restraints, challenges, and opportunities.
This report would help stakeholders to better understand their competitors and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.
On a related note, another research on Affective Computing Market Forecast to 2020 says, the affective computing market to grow from USD 9.35 billion in 2015 to USD 42.51 billion in 2020. In terms of regions, Asia-Pacific, including Japan, is the fastest growing market, and is expected to be the largest contributor in the market. The report helps them understand the pulse of the market. The report provides information on key market drivers, restraints, challenges, and opportunities with 55 tables and 49 figures in 131 pages available at http://www.reportsnreports.com/reports/421302-affective-computing-market-by-technology-touch-based-touchless-software-speech-gesture-facial-expression-recognition-and-others-hardware-sensor-camera-storage-device-processor-vertical-region-forecast-to-2020.html .
Explore more reports on IT & Telecommunication market at http://www.reportsnreports.com/market-research/information-technology/ .
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