Artificial Intelligence Market Share, Development, Key Opportunity, Application & Forecast

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Growth in the adoption of big data and growth in the adoption of cloud-based services promotes demand for the market

Vancouver, BC, Canada, April 11, 2022 /EINPresswire.com/ – The Global Artificial Intelligence market will reach USD 348.99 billion by 2027, according to a new report by Emergency Research. The growing need to understand consumer needs and market trends is one of the key factors driving market growth. In addition, the widespread adoption of smartphones, along with the popularity of social media, will also boost market growth in the coming years.

One of the notable features of AI is the ability and support that machines provide to respond, to act, to learn and to think like human beings. As a result of the specified features, it becomes an effective decision making and data analysis tool that can help determine based on past data and identified models. These are the specified features of AI, resulting in the growth of various industries that have a positive impact on market growth.

Artificial Intelligence (AI) services are becoming easier and more effective as cloud-based solutions are increasingly adopted. Cloud technology provides the information and support needed for the AI ‚Äč‚Äčlearning process, which positively affects market growth. Among the various end consumer industries, there is a high demand for cognitive computing, which also serves as a driving force for market expansion.

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The report discusses in detail the market growth opportunities, challenges, market drivers and controls, limitations, threats and demands of the Artificial Intelligence market. The study further assesses the regional market as well as the international market to gain insight into the market scope. The report also provides forecasts and forecasts about the market segment and sub-segments that exhibit promising growth over the forecast period. The report also provides in-depth insights into technological advances, industrial landscapes and emerging product and technological developments in the Artificial Intelligence market. It provides fruitful insights into the business sector to help businesses take advantage of lucrative growth opportunities.

The report, in addition, provides a comprehensive SWOT analysis and Porter’s Five Forces analysis to provide a better understanding of the industry’s competitive landscape. It also covers strategies followed by leading players such as mergers and acquisitions, collaborations, joint ventures, product launches and brand promotions. The aim of this report is to provide readers with a thorough understanding of the relevant features of the industry.

Key players profiled in the report:

Samsung Electronics, Intel, Xilinx, NVIDIA, IBM, Micron Technology, Microsoft, Amazon Web Services (AWS), Google and Facebook, among others.

Furthermore, the report provides a comprehensive overview of the Artificial Intelligence market along with product portfolio and market performance. The report provides market share, supply chain analysis, demand and supply ratio, import / export details and key insights into production and consumption policies. To gain a better understanding, the report is divided into categories such as the product types offered by the market, the application spectrum, the companies and the key geographical areas in which the market presence is established.

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The analysis of segments and their growth assessment is carried out through an extensive historical and current analysis of the market scenario. Furthermore, the report details the factors and features of the Artificial Intelligence market that are expected to boost industry growth in the coming years.

For the purpose of this report, Emergency Research is divided into the Global Artificial Intelligence Market based on offer, technology, end user industry and region:

Offering Outlook (revenue, USD billion; 2017-2027)
Hardware

Processors

Memory

Network

Software

AI platforms

AI Solutions

Services

Deployment & Integration

Support & maintenance

Technology Outlook (Revenue, USD Billion; 2017-2027)
Machine learning

Deep learning

Supervised practice

Unsupervised practice

Reinforcement practice

Anti-Production Networks (GANS)

Others

Natural Language Processing (NLP)

Context-Aware Computing

Computer Vision

End-user industry outlook (revenue, USD billion; 2017-2027)

Health care

Preparation

Agriculture

Automotive

Retail

Human resources

Security

Marketing

Construction

Law

Fintech

Aerospace

Protection

Supply chain

Annapaniyas

Media and Entertainment

Gaming

Telecommunications

Oil and gas

Key questions in the report:

What is the growth rate of the Artificial Intelligence market? What is the estimated market value of the Artificial Intelligence industry by 2028?

What are the factors driving and inhibiting the key growth of the Artificial Intelligence market?

Who are the leading players working in the market? What are the key strategies these companies have followed?

What are the key opportunities and growth opportunities of the Artificial Intelligence industry during the forecast period?

Which area is expected to show significant growth in the coming years?

Some highlights from the report
Machine learning comes with a wide range of applications in many industries such as the banking and financial sector, healthcare, retail, publishing and social media. It is used to evaluate the relevance of ads and content based on customer preferences. It has a market share of 32.6% in 2019.

Revenue from the software segment due to the widespread use of these tools in analyzing hidden data sets and data models from large datasheets.

Artificial intelligence can help reduce construction costs in many ways. For example, using virtual reality goggles and mini-robots to track buildings under construction. AI is also being used today to design routing electrical and plumbing systems in modern buildings. Artificial intelligence is also beneficial for the development of security systems in the workplace, which reduces the risk of accidents and mishaps.

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