Artificial Intelligence Market Forecasts

Artificial intelligence (AI) is key to how consumer internet companies operate today, allowing them to roll out hyper-personalized services by following an "AI first" strategy. The rest of the market is still catching up on adopting AI and has yet to fully understand the value of AI, including the breadth and depth of use cases, the technology choices surrounding AI, and the implementation strategies for AI. Compared to a few years ago, the AI market is starting to solidify around real-world applications with the pace of change being faster than it has ever been before, as startups and technology providers rush to create platforms and targeted niche solutions for solving specific enterprise problems. Tractica's AI market forecast is aimed at quantifying the software, hardware, and services opportunity, building on a database of real-world use cases and applications. In sizing and forecasting the total global AI market, Tractica has created a taxonomy of 266 real-world use cases for AI, distributed across 29 different industry sectors and corresponding with six major technology categories, plus multiple combinations of technologies.