Global Artificial Intelligence Market Report 2018 with Forecasts to 2025 - Market to Reach $190.6 Billion: Growth in Big Data is a Major Driver

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Mar 07, 2018, 09:00 ET

DUBLIN, March 7, 2018 /PRNewswire/ --

The "Artificial Intelligence Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), End-User Industry, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The artificial intelligence market is expected to reach USD 190.61 Billion by 2025 from USD 21.46 Billion in 2018, at a CAGR of 36.62% during the forecast period.

The market growth can be attributed to factors such as growing big data, the increasing adoption of cloud-based applications and services, and increasing demand for intelligent virtual assistants. The limited number of AI technology experts is restraining the market growth to a certain extent.

Software is expected to hold the largest share of the artificial intelligence market. Continuous developments have been witnessed in AI software and related software development kits. Also, artificial intelligence software is used in various applications, such as virtual assistants, marketing, search advertising, identity access management, intruder detection, and cybersecurity.

The artificial intelligence market for computer vision technology is expected to grow at the highest CAGR during the forecast period. The growing adoption of computer vision in autonomous and semiautonomous applications in various industries, such as manufacturing and automotive, is propelling the growth of this technology in the AI market.

North America is known for the high adoption of artificial intelligence. Increasing demand for intelligent virtual assistants acts as a driving force for the growth of the artificial intelligence market in the region. The market in North America is also characterized by high infrastructure costs and strict policies and regulatory frameworks. Companies such as IBM (US), Google (US), Microsoft (US), NVIDIA (US), Intel (US), Facebook (US), and AWS (US) are complementing the growth of the market in this region.

The key players operating in this market are Intel (US), NVIDIA (US), Xilinx (US), Samsung Electronics (South Korea), Facebook (US), Micron Technology (US), IBM (US), Google (US), Microsoft (US), and AWS (US).

Market Dynamics

Drivers

Growth in Big Data
Growth in Adoption of Cloud-Based Applications and Services
Increase in Demand for Intelligent Virtual Assistants

Restraints

Limited Number of AI Experts

Opportunities

Improving Operational Efficiency in Manufacturing Industry
Adoption of AI to Improve Customer Service

Challenges

Concerns Regarding Data Privacy
Unreliability of AI Algorithms

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Artificial Intelligence Market, by Offering

7 Artificial Intelligence Market, by Technology

8 Artificial Intelligence Market, by End-User

9 Geographic Analysis

10 Competitive Landscape

11 Company Profile

AIBrain
Amazon Web Services (AWS)
Atomwise
Baidu
Butterfly Network
Cylance
Darktrace
Didi Chuxing
Face++
Facebook
General Vision
Google
Graphcore
IBM
Inbenta
Intel
Mellanox Technologies
Micron Technology
Microsoft
Nvidia
Oracle
Preferred Network
SAP
SAS
Salesforce
Samsung Electronics
Vicarious
Xilinx
Zephyr Health
Zoox Inc.

For more information about this report visit https://www.researchandmarkets.com/research/q9glsv/global_artificial?w=5

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Research and Markets
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SOURCE Research and Markets