Artificial Intelligence Market - Ultimate Version of Human Intelligence : Infinium Global Research

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Mar 05, 2020, 11:00 ET

PUNE, India, March 5, 2020 /PRNewswire/ -- A recent report published by Infinium Global research on "Global Artificial Intelligence Market (Offering – Hardware, Software, and Services; Type - Reactive Machines, Limited Theory, Theory of Mind, and Self-awareness; Technology - Natural Language Processing, Information Retrieval, Knowledge Representation, Automated Reasoning, and Machine Learning; Application – Healthcare, Automotive, Manufacturing, Retail, Agriculture, and Other Applications): Regional Prospects, Investment Analysis, Opportunities, Trends, FDI, Import and Export Analysis, Entry Strategies and Forecast up to 2025". Estimated the market for global Artificial Intelligence market will reach up to 423,417.8 Million, with a compound annual growth rate of 55.6%, in the forecast period (2019-2025).

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Artificial intelligence (AI) is the imitation of human intelligence procedures by machines, particularly computer systems. These procedures comprise learning, reasoning, and self-correction. Artificial intelligence can be classified into three different types of systems i.e. human-inspired, analytical and humanized artificial intelligence.

Increasing Investment in AI Globally

Globally, there has been a tremendous advancement on the technological front. Emergence of artificial intelligence is one such advancement that has transformed the industries in so many ways. Companies across the globe are opting various strategies to implement AI practices with an aim of enhancing their business. Based on the dependency and the benefits associated with the AI technology, large number of venture capitalists, investment funds, and corporate investors are treading up equity investments in artificial intelligence and machine learning, reflecting a growing global interest in AI technologies and their commercial applications. Artificial intelligence enables the companies to make more informed decisions and achieve better results which is why it is expected to add an astonishing $15.7 trillion to the global economy by 2030.

Growing Adoption of Smart Factory Resolution

In the manufacturing industry the importance of efficiency has always been high and is gradually increasing in order to achieve success. Due to this, large number of organizations have adopted smart technologies or are at least heavily considering doing so. These days, enterprises are embracing robotics and advanced technologies in their production lines to boost smart manufacturing activities. Factories are becoming increasingly automated, self-monitoring and self-correcting as their machines are acquiring the ability to analyse and communicate with each other and their human co-workers. Industrial robots of the future are expected to run independently and coordinate seamlessly with the entire supply chain using technologies such as machine learning and AI.

Rising Number of AI Start-Ups

The number of AI start-ups has sharply increased in recent years. From January 2015 to January 2018, active AI start-ups increased 113%, while all active start-ups increased 28% in the US. In 2018, the number of AI startups in the US was 1,393 and worldwide the number of AI-focused start-ups stood at 3,465. In Europe, just one in 50 new start-ups embraced AI in 2013, which changed as by 2019, one in twelve put AI at the heart of their value proposition.

Growing Implementation of AI Teaching in Education and Entertainment Sector Provides A Better Opportunity for Market Expansion.

Artificial intelligence and machine learning is beginning to alter education tools and institutions and is changing what the future might look like in education. In a growing number of schools, the use of modern management information and recording systems to harvest details of classroom activities and pupil progress is already allowing parents to access and aggregate their child's attainment records. It is expected that artificial intelligence in U.S. education will grow by 47.5% from 2017-2021. Even though most experts believe the critical presence of teachers is irreplaceable, there will be many changes to a teacher's job and to educational best practices. AI has already been applied to education primarily in some tools that help develop skills and testing systems. As AI educational solutions continue to mature, the hope is that AI can help fill needs gaps in learning and teaching and allow schools and teachers to do more than ever before.

Hardware Segment Are Expected to Register Higher CAGR In the Forecast Period.

Based on offerings, the sub-markets include hardware, software, and services. Based on type, the sub-markets include reactive machines, limited theory, theory of mind, and self-awareness. Based on technology, the sub-markets include natural language processing, information retrieval, knowledge representation, automated reasoning, and machine learning. Based on application, the sub-markets include healthcare, automotive, manufacturing, retail, agriculture, and other applications.

North America The Region is Expected to Dominate the Market in the Forecast Period

Based on the region, the market is categorized into North America, Europe, Asia Pacific, and RoW. North America is dominating the Artificial Intelligence market due to high capital investment and large number of key players in this region. Asia Pacific market will surge during the forecast period because of rising funds and a growing number of job postings, rising salaries and desire to hire the best talent demonstrate the race to hire more AI experts. In Asia-Pacific, China has demonstrated its ambition to become the global leader in AI with an expected GDP impact going as far as 0.8–1.4 percent per year by 2030. In 2017, the Ministry of Industry and Information communicated its vision via the Next Generation AI Development Plan where it set forth the following goals that reach globally advanced level in AI technology, models and methods by 2020; make AI a major economic driving force and be the world's premier AI innovation center by 2025; build an AI core industry exceeding RMB 150bn (US$21.5bn), and exceed RMB 1tr (US$143bn) in related industries by 2030.

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Global Artificial Intelligence Industry Coverage

1. Preface

Introduction
Research Methodology
Research Approaches

2. Executive Summary

Global Artificial Intelligence Market Highlights, (USD Million)
Investment and Revenue Pockets
Global Artificial Intelligence Market Regional Opportunities

3. Market Overview & Competitiveness

DRO Analysis
Value Chain Analysis and Opportunities
Market Attractiveness Analysis
Market Structures by Regions
Global Artificial Intelligence Market Competitive Landscape and Leading Companies
Company Profiles

4. Global Artificial Intelligence Market: Regional Prospects, Investment Analysis, Opportunities, Trends, FDI, Import and Export Analysis, Entry Strategies and Forecast up to 2025

Overview

5. Global Artificial Intelligence Market, by Region

Overview
North America Artificial Intelligence Market
Europe Artificial Intelligence Market
Asia-Pacific Artificial Intelligence Market
MEA Artificial Intelligence Market
Latin America Artificial Intelligence Market

6. Global Artificial Intelligence Market, by Offering

Overview
Hardware
Software
Services

7. Global Artificial Intelligence Market, by Type

Overview
Reactive Machines
Limited Theory
Theory of Mind
Self-awareness

8. Global Artificial Intelligence Market, by Technology

Overview
Natural Language Processing
Information Retrieval
Knowledge Representation
Automated Reasoning
Machine Learning

9. Global Artificial Intelligence Market, by Application

Overview
Healthcare
Automotive
Manufacturing
Retail
Agriculture
Other Applications

10. Strategic Recommendations

11. Conclusion

12. Appendix

Browse in-depth TOC on "Artificial Intelligence Market"

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Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide the knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations and environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.

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