Artificial Intelligence Market Expected To Grow At 62.20% CAGR from 2012 to 2022: Crystal Market Research

LAS VEGAS, Nov. 20, 2017 (GLOBE NEWSWIRE) — The latest trending report published by Crystal Market Research titled, Artificial Intelligence Market, approximates that the Artificial Intelligence Market size is estimated to flourish at a significant CAGR in the future, and this is attributed to the escalation in need for this product across the globe along with novel innovations in the market.

The Artificial Intelligence Market was worth USD 0.23 billion in the year of 2012 and is expected to reach approximately USD 28.75 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 62.20% during the forecast period. Impressive enhancements in business prospects of AI deployment and enhancements in powerful artificial intelligence arrangements are driving the business development. Quick developments in fast data storage capacity, high computing force, and parallelization have added to the quick take-up of the robotics and artificial intelligence technology in end-use businesses, for example, healthcare and automotive. Further, the requirement for comprehension and analyzing visual contents, for increasing important bits of knowledge, is anticipated to boost the business over the estimate time frame. The machine intelligence field holds secure development prospects, inferable from which, the major players are concentrating on building up a coordinated arrangement including software and hardware. Moreover, to increase their client base, a few sellers have teamed up with merchants and end users for the distribution of their product. The expanding noticeable quality of parallel processing applications is prompting expanded implementation of the technology in logical trains, for example, data science and artificial intelligence. Associations are using artificial intelligence to separate profitable insights of knowledge from data for giving creative products and enhancing the experience of consumers; thereby, boosting the development of the market. Artificial Intelligence is receiving prominence because of its intricate, information driven applications, for example, voice and picture recognition.

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The report Artificial Intelligence Market render a wide-ranging analysis of the said market in terms of product, regional, application and end user segmentation. The report comprises of the present market size of this industry. Also, the potential outlooks and current market summary of this segment has been thoroughly analyzed in this report. Moreover, chief market players of the Artificial Intelligence Market are studied on various factors like product portfolio, company profile, sales analysis, revenue generation through the forecast period.

Major Market Players

  • IBM
  • Apple
  • Watson Health
  • Zebra Medical Vision Inc
  • Enlitic
  • Intel
  • Lifegraph
  • Microsoft Corporation
  • Baidu
  • Atomwise
  • Google

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Table of Contents

  1. Introduction
    1.1. Report Description
    1.2. Research Methodology
           1.2.1. Secondary Research
           1.2.2. Primary Research
  2. Executive Summary
    2.1. Key Highlights
  3. Market Overview
    3.1. Introduction
           3.1.1.  Market Definition
           3.1.2.  Market Segmentation
    3.2. Market Dynamics
           3.2.1. Drivers
                     3.2.1.1. Potential R&D in Artificial Intelligence Systems
                     3.2.1.2. Increasing Cross-Industry Partnerships and Collaborations
                     3.2.1.3. Economical Parallel Processing Set-Up
                     3.2.1.4. Big data fueling AI and Machine Learning Profoundly
           3.2.2.  Restraints
                     3.2.2.1. Vast Demonstrative Data Requirement
           3.2.3.  Opportunities
                     3.2.3.1. Emerging Countries to Offer Lucrative Growth Opportunities
  4. Artificial Intelligence Market, By Application
  5. Artificial Intelligence Market, By Region
  6. Company Profiles

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Report’s Magnitude:

This report contains Segment wise in-depth analysis in terms several above-mentioned segments along with market size forecasts and approximations to observe significant areas of industry growth in detail. Additionally, an executive summary, summarizing the entire report in such a way that decision-making team can speedily become familiar with background information, summarizing analysis and main conclusions.

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