Artificial Intelligence Market Forecasts

Artificial intelligence (AI) technologies are being deployed for an increasing variety of use cases across consumer, enterprise, and government markets around the world. AI is an umbrella term that includes multiple technologies, such as machine learning, deep learning, computer vision, natural language processing (NLP), machine reasoning, and strong AI. Tractica defines AI as an information system that is inspired by a biological system designed to give computers the human-like abilities of hearing, seeing, reasoning, and learning. AI has applications and use cases in almost every industry vertical and is considered the next big technological shift, similar to past shifts like the industrial revolution, the computer age, and the smartphone revolution. Tractica's market forecast is focused on identifying the software, hardware, and services revenue opportunity for AI, building a bottom-up, use case-based model that classifies and estimates the revenue potential of each use case and rolls it up by industry, technology, and world region to estimate the overall market.