Global Artificial Intelligence Platforms Market 2019-2023 Rise in Demand for AI-Based Solutions to Boost Growth Technavio

The global artificial intelligence platforms market size is poised to reach USD 6.95 billion by 2023, according to a new report by Technavio, progressing at a CAGR of over 28% during the forecast period. This press release features multimedia. "Apart from the rise in demand for AI-based solutions, the rising adoption of AI-enabled chips, the increasing interoperability among neural networks, and increasing convergence of AI with IoT and blockchain, are some other major factors that will drive market growth during the forecast period," says a senior analyst at Technavio. The market is driven by the rise in demand for AI-based solutions. In addition, increasing investments in R&D for AI technology are anticipated to further boost the artificial intelligence platforms market during the forecast period.