The artificial intelligence 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. The report aims at estimating the size and future growth potential of the market across different segments such as technology, application, and region. The base year considered for the study is 2014 and the market size is forecasted from 2015 to 2020. With the rise in adoption of AI in the media & advertising, retail, finance, and healthcare sectors, the machine learning and natural language processing technologies are expected to play a key role in propelling the growth of the AI market in the next five years. The research methodology used to estimate and forecast the artificial intelligence market begins with capturing data on key market player revenues through secondary research.
Jun-23-2016, 07:11:08 GMT