China Artificial Intelligence (AI) Market Growth, Size, Industry Report & Forecast to 2025


Posted January 29, 2020 by avinashbhajvat

China Artificial Intelligence market is estimated to grow significantly at a CAGR of 37.0% during the forecast period. There are a lot of opportunitie

 
China Artificial Intelligence market is estimated to grow significantly at a CAGR of 37.0% during the forecast period. There are a lot of opportunities available in AI technology in China with the increasing adoption of technologies. According to Asia Business Council, in 2017, China’s State Council announced that over next decade, China would expand its prevailing business and focus to become a prominent player by 2030 in the domains such as virtual reality, self-driving cars, smart robots (that can learn from their surroundings and build on their capabilities based on inbuild knowledge) and military applications.

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The market is segmented on the basis of offering and end-user industry. Based on offering, the market is divided into software & services and hardware. The market for software and services was the highest market during the forecast period. Based on the end-user industry, the market is segmented into manufacturing, automotive, IT and BFSI, healthcare, e-commerce & logistics, home appliances, and others.

A full report of China Artificial Intelligence Market is available at: https://www.omrglobal.com/industry-reports/china-artificial-intelligence-market

China is broadening its AI leadership by applying AI in almost every industry. Start-ups and major technology companies such as Baidu, Tencent, and Didi Chuxing are providing solutions and services that are AI-based. Chinese firm Alibaba has the first-mover advantage in the AI cloud. Its AI cloud named ’Apsara‘is named as the largest cloud provider across the globe as it controls nearly 40% of the Chinese market. The company is utilizing AI applications in commercial use as well, such as “personalized search” and “intelligent customer service”. Its chatbot named Ali Xiaomi utilizes neural networking and AI voice recognition to solve customer problems.

Moreover, the use of robots such as iPal is increasing in some schools to assist the teacher in the classroom. These robots are mostly supportive in rural areas of China that lack access to education and resources. The boom in AI technology has given rise to smaller AI-focused companies in China such as iFlytech (voice), Cambricon (AI chips), SenseTime and MegeView (computer vision), UBTECH (robotics) and others.

Market Segmentation

China Artificial Intelligence Market by Offering

Hardware
Software & Services
China Artificial Intelligence Market by End-User Industry

Manufacturing
Automotive
IT and BFSI
Healthcare
E-Commerce & Logistics
Home Appliances
Other (Agriculture, Energy & Utilities, Media & Entertainment, Education)
Company Profiles

Alibaba Group
Amazon.com, Inc.
Baidu, Inc.
Clare.AI Ltd.
CloudMinds Technology Inc.
IBM Corp.
iCarbonX
Microsoft Corp.
Oracle Corp.
SenseTime
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Tags china artificial intelligence ai market , china artificial intelligence ai market size
Last Updated January 29, 2020