Annual worldwide AI revenue will grow from $3.2 billion in 2016 to $89.8 billion by 2025

LONDON, Dec. 27, 2017 /PRNewswire/ -- 266 Consumer, Enterprise, and Government Use Cases for Machine Learning, Deep Learning, Natural Language Processing, Computer Vision, Machine Reasoning, and Strong AI Across 29 Industry Sectors

Download the full report: https://www.reportbuyer.com/product/4090202



Artificial intelligence (AI) is key to how consumer internet companies operate today, allowing them to roll out hyper-personalized services by following an "AI first" strategy. The rest of the market is still catching up on adopting AI and has yet to fully understand the value of AI, including the breadth and depth of use cases, the technology choices surrounding AI, and the implementation strategies for AI.

Compared to a few years ago, the AI market is starting to solidify around real-world applications with the pace of change being faster than it has ever been before, as startups and technology providers rush to create platforms and targeted niche solutions for solving specific enterprise problems. Tractica's AI market forecast is aimed at quantifying the software, hardware, and services opportunity, building on a database of real-world use cases and applications.

In sizing and forecasting the total global AI market, Tractica has created a taxonomy of 266 real-world use cases for AI, distributed across 29 different industry sectors and corresponding with six major technology categories, plus multiple combinations of technologies. The use cases are spread across three major meta categories – vision, language and analytics.

While analytics is a major driver for AI and is a continuation of business analytics and classical machine learning techniques that have been traditionally applied to extract meaning from raw data, Tractica's analysis shows that deep learning-based human perception based on vision and language will be a bigger driver for AI in the long run.

Business services, advertising, consumer, healthcare, automotive, and government are some of the main industry verticals that will benefit from the rise of perception-driven AI.

At the same time, machine reasoning is emerging as an important alternative to machine learning and deep learning, and the technology can be used by companies to empower analytics and language-driven AI. In its latest update, Tractica forecasts that annual worldwide AI revenue will grow from $3.2 billion in 2016 to $89.8 billion by 2025.

This Tractica report provides a quantitative assessment of the market opportunity for AI across the consumer, enterprise, and government sectors. The report includes market sizing, segmentation, and forecasts for 266 AI use cases distributed across 29 industries, and 156 unique use cases. 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, NLP, 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 in the 10-year period between 2016 to 2025?
- How does the growth of AI vary among vision, language, and analytics based use cases?
- 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

Download the full report: https://www.reportbuyer.com/product/4090202

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

Related Links

http://www.reportbuyer.com