Latest insight on artificial intelligence market that is expected to reach at a CAGR of 53.65% to ... - Artificial Intelligence Online

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The artificial intelligence (AI) market is estimated to grow from USD 419.7 million in 2014 to USD 5.05 billion by 2020, at a CAGR of 53.65% from 2015 to 2020. This growth can be attributed to the factors such as diversified application areas, improved productivity, and increased customer satisfaction. The machine learning technology is expected to account for the largest share of the overall Artificial Intelligence (AI) Market duing the forecast period. In addition, due to the increase in demand for AI from the media & advertising and finance sectors, the artificial intelligence market is expected to gain traction in the next five years. The machine learning technology market for the retail, healthcare, law, and oil & gas sectors is also expected to witness growth during the forecast period.