The global artificial intelligence market size was estimated at USD 20,820 million in 2018 and expected to grow at significantly high CAGR 35.5% during 2018-2023. The market is growing at a rapid rate due to the rise in the investment in AI technology by big market players. AI emphasizes the creation of intelligent machines that work and reacts like humans. AI will transform each and every business and have the potential to increase profits, market share and revenue. Companies such as Apple, Baidu and Google are working on suites of technology along with it, they are extensively focused on their AI business as well. Amazon is working on robotics and speech recognition, Salesforce on machine learning and virtual agents. BMW, Tesla, and Toyota are also taking interest in robotics and machine learning to develop driverless cars.

Request a free sample of our report on Artificial Intelligence (AI) Market: https://www.omrglobal.com/request-sample/artificial-intelligence-market

Increased investment and funding for AI startups are significantly contributing in the market growth. AI offers productivity enhancement service for various industries which will increase its adoption in diversified applications. The other factors that are boosting the market growth of the global AI market include growth in big data and growth in the adoption of cloud-based services. Further, a collaboration between IoT and AI will also significantly drive the growth of the market. However, lack of availability of greater volumes and sources of data and limited skilled professionals will hinder the market growth. Focused high-tech automobile giants such as Tesla and BMW for autonomous cars will further influence the AI market in near future.

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

Global AI market is segmented on the basis of technology, end-user industry, region, and offerings. On the basis of technology, the market is segmented into natural language generation, speech recognition, virtual agents, machine learning, robotic process automation, biometrics, text analytics & natural language processing and AI optimized hardware. On the basis of end-user industry, the market is segmented into journalism, entertainment, online retail stores, automobile sector, healthcare, banking and finance, manufacturing, home appliances, online customer support. On the basis of the offering, the market is segmented into hardware, software, and services.

Artificial Intelligence (AI) Market Segmentation

By Technology

Natural Language Generation

Speech Recognition

Virtual Agents

Machine Learning

Robotic Process Automation

Biometrics

Text Analytics and Natural Language Processing

AI Optimized Hardware

By End-User Industry

Journalism

Entertainment

Online Retail Stores

Automobile Sector

Healthcare

Banking and Finance

Manufacturing

Home Appliances

Online Customer Support

By Offerings

Hardware

Software

Services

Competitive Landscape

Key Strategies

Key Company Analysis

Regional Analysis

North America

United States

Canada

Europe

United Kingdom

France

Germany

Italy

Spain

Rest of Europe

Asia-Pacific

India

China

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

AIBrain, Inc.

Artivatic Data Labs Pvt Ltd.

Amazon.com, Inc.

Anki, Inc.

Apple, Inc.

CloudMinds, Inc.

DeepMind Technologies Ltd.

Facebook, Inc.

Google, Inc.

Microsoft Corp.

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/artificial-intelligence-market

About us:

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: [email protected]

Contact no: +91 780-304-0404