Artificial Intelligence Market Worth $169,411.8 Million by 2025 CAGR: 55.6% - Allied Market Research

In 2016, North America dominated the global market, in terms of revenue, accounting for about 49.0% share of the global market, followed by Europe. AI is associated to human intelligence with similar characteristics such as language understanding, reasoning, learning, problem solving, and other. The market for artificial intelligence is primarily driven by the improved productivity, diversified application areas, increased customer satisfaction, and big data integration. However, lack of skilled workforce and threat to human dignity & other threats are some of the restraints of the market. Nonetheless, the impact of these factors is expected to be minimal due to the introduction of new technologies in the market.