2016 Artificial Intelligence (Ai) Market By Technology (Machine Learning, Natural Language Processing, Image Processing, And Speech Recognition), Application & Geography - Global Forecast To 2020 - Research and Markets

DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Artificial Intelligence (Ai) Market By Technology (Machine Learning, Natural Language Processing (Nlp), Image Processing, And Speech Recognition), Application & Geography - Global Forecast To 2020" report to their offering. The author forecasts the artificial intelligence market 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. The major factors driving the growth of this market include diversified application areas of AI, improved productivity, and increased level of customer satisfaction. In addition, the rising demand for intelligent systems is expected to propel the growth of the market in the next five years. The scope of this report covers the artificial intelligence market by technology, application, and region.