Global Artificial Intelligence (AI) Market Expected to Grow at a CAGR of 50.51% during the period 2017-2021
Report identifies Amazon Web Services, IBM, Siemens, and Omron Adept Technologies as the key vendors in the global artificial intelligence (AI) market.
(EMAILWIRE.COM, May 23, 2017 ) AI technologies assist human beings in deliberating, deducing, analyzing, and inventing new technologies that can ensure the Fourth Industrial Revolution. As a result of its reducing expenses, the adoption of the AI technology is increasing in every sector. AI uses multiple disciplines that allow computers to perform functions that require human intelligence such as learning, reasoning, and problem-solving. It is possible to collect and store large amounts of real-time data using modern technologies, such as vision systems, actuators, and sensors, which can strongly influence manufacturing processes. The real-time data can also be manipulated for efficient manufacturing.
Technavios analysts forecast the global artificial intelligence market to grow at a CAGR of 50.51% during the period 2017-2021.
The rising deployment of robots is one of the primary drivers for market growth. The deployment of robots in factories allows companies to significanlty save operational costs. Though the initial investment costs are high, the efficiency of these robots will help companies improve their production processes in turn, achieving high return on investment. Numerous sectors such as manufacturing, healthcare, automation, and finance industries have started substituting employees with AI systems. Large companies such as Siemens, IBM, and Amazon Web Services are funding startups and are also merging with small AI companies.
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In terms of geography, the Americas accounted for the majority of the market share during 2016. According to this market research and analysis, this region will continue its dominance during the forecast period as well, which will mainly attribute to the high investment capabilities of the entertainment, healthcare, and manufacturing companies in the region.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Artificial Intelligence Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Amazon Web Services
IBM
Siemens
Omron Adept Technologies
Browse Full Report with TOC - http://www.marketresearchhub.com/report/global-artificial-intelligence-ai-market-2017-2021-report.html
Other prominent vendors
AIBrain
Anki
Apple
Banjo
CloudMinds
Facebook
Google
iCarbonX
Intel
Jibo
Microsoft
Next IT
NVIDIA
Market driver
Growing adoption of deep learning technology
For a full, detailed list, view our report
Market challenge
Challenges in developing AI technologies
For a full, detailed list, view our report
Market trend
Growing popularity of swarm AI technology
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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Technavios analysts forecast the global artificial intelligence market to grow at a CAGR of 50.51% during the period 2017-2021.
The rising deployment of robots is one of the primary drivers for market growth. The deployment of robots in factories allows companies to significanlty save operational costs. Though the initial investment costs are high, the efficiency of these robots will help companies improve their production processes in turn, achieving high return on investment. Numerous sectors such as manufacturing, healthcare, automation, and finance industries have started substituting employees with AI systems. Large companies such as Siemens, IBM, and Amazon Web Services are funding startups and are also merging with small AI companies.
Request Free Sample Report - http://www.marketresearchhub.com/enquiry.php?type=S&repid=1068174
In terms of geography, the Americas accounted for the majority of the market share during 2016. According to this market research and analysis, this region will continue its dominance during the forecast period as well, which will mainly attribute to the high investment capabilities of the entertainment, healthcare, and manufacturing companies in the region.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Artificial Intelligence Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Amazon Web Services
IBM
Siemens
Omron Adept Technologies
Browse Full Report with TOC - http://www.marketresearchhub.com/report/global-artificial-intelligence-ai-market-2017-2021-report.html
Other prominent vendors
AIBrain
Anki
Apple
Banjo
CloudMinds
iCarbonX
Intel
Jibo
Microsoft
Next IT
NVIDIA
Market driver
Growing adoption of deep learning technology
For a full, detailed list, view our report
Market challenge
Challenges in developing AI technologies
For a full, detailed list, view our report
Market trend
Growing popularity of swarm AI technology
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Make an Enquiry - http://www.marketresearchhub.com/enquiry.php?type=enquiry&repid=1068174
About Market Research Hub
Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
Contact Us
90 State Street,
Albany, NY 12207,
United States
Toll Free : 866-997-4948 (US-Canada)
Tel : +1-518-621-2074
Email : press@marketresearchhub.com
Website : http://www.marketresearchhub.com/
Contact Information:
Market Research Hub
Sudip S
Tel: +1-518-621-2074
Email us
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Market Research Hub
Sudip S
Tel: +1-518-621-2074
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results