Artificial Intelligence Market Research Analysis worth 5.05 Billion USD by 2020

Some of the key players operating in the artificial intelligence market are IBM Corp. (U.S.), Microsoft Corp. (U.S.), Google Inc. (U.S.), IPsoft (U.S.), FinGenius Corp. (U.K.), Rocket Fuel Inc. (U.S.), Mobileye N.V. (Israel), Kensho Technologies, Inc. (U.S.), Sentient Technologies (U.S.), and Zephyr Health (U.S.). The artificial intelligence market is segmented on the basis of technology into machine learning, natural language processing, image recognition, and speech processing. The market for AI was dominated by the machine learning technology as it provides the computers with the ability to learn without being explicitely programmed. This involves the development of computer programs that are capable of updating themselves when exposed to new data. The artificial intelligence market for the media & advertising sector is expected to account for the largest share of the overall artificial intelligence market during the forecast period due to the rising adoption of AI technologies in the media & advertising sector to determine the consumer behavior to influence their buying pattern.