Research and Markets - Global Market of Artificial Intelligence to Grow 60% by 2022 - Increasing R&D Activities are Expected to Aid Penetration of AI into Newer Applications

The global market of artificial intelligence is anticipated to grow at a CAGR of over 60% during 2017-2022. On the basis of application, global artificial intelligence market has been broadly segmented into image recognition, natural language processing, speech recognition, gesture control & others. Among these categories, image recognition dominated global artificial intelligence market in 2016, and the segment is expected to maintain its dominance over the next five years as well. These machines are also capable of taking decisions by self-learning from the nearby environment. Global artificial intelligence market is expected to grow at a robust pace over the next five years, owing to its widespread implementation in numerous industries, such as automobile, finance, healthcare, consumer electronics, etc.