Artificial Intelligence (AI) in Healthcare Market Expected to Reach $22,790 Million by 2023, Globally

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AI involves the science and engineering of intelligent computer programs. It uses various computer functions such reasoning, learning and problem solving based on human intelligence. AI systems can be used in various disciplines such as biology, computer science, mathematics, linguistics, psychology, and engineering to build an intelligent system. Some of the different applications that incorporate the AI systems in healthcare fields are medication management, treatment plans, and drug discovery. The global the AI in Healthcare market is driven by the ability of AI to improve patient outcomes, increase in need for coordination between healthcare workforce & patients, rise in adoption of precision medicine, and remarkable growth in venture capital investments.


Artificial Intelligence (AI) Chip Market Worth $91.18 Billion, by 2025 at 45.2% CAGR: Allied Market Research

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Allied Market Research recently published a report, titled, "Artificial Intelligence Chip Market by Chip Type (GPU, ASIC, FPGA, CPU, and others), Application (Natural Language Processing (NLP), Robotic, Computer Vision, Network Security, and Others), Technology (System-on-Chip, System-in-Package, Multi-chip Module, and Others), Processing Type (Edge and Cloud), and Industry Vertical (Media & Advertising, BFSI, IT & Telecom, Retail, Healthcare, Automotive & Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2025". According to the report, the global AI chip market was pegged at $6.64 billion in 2018 and is projected to attain $91.18 billion by 2025, registering a colossal CAGR of 45.2% during the forecast period. Rise in demand for smart homes & smart cities, surge in investments in AI startups, and advent of quantum computing have boosted the growth of the global AI chip market. However, dearth of skilled workforce hampers the market growth. On the contrary, rapid adoption of AI chips in the emerging countries and development of smart robots are expected to create numerous opportunities in the near future.


Global Automotive Artificial Intelligence Market to Garner $8.89 Billion by 2025 at 45.0% CAGR, Says Allied Market Research

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Allied Market Research recently published a report, titled, "Automotive Artificial Intelligence Market by Component (Hardware, Software, and Service), Technology (Machine Learning & Deep Learning, Computer Vision, and Natural Language Processing), and Application (Semi-Autonomous and Autonomous): Global Opportunity Analysis and Industry Forecast, 2017 – 2025." The report offers a detailed analysis of top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, key segments, and changing market trends. According to the report, the automotive AI market was pegged at $445.81 million in 2017 and is anticipated to hit $8.89 billion by 2025, registering a CAGR of 45.0% from 2018 to 2025. Rise in demand for enhanced user experience as well as convenience features and growing demand for autonomous vehicle have fueled the growth of the global automotive AI market. On the other hand, rise in various security & privacy concerns hamper the growth to certain extent.


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

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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.


Global Artificial Intelligence in Healthcare Market Expected to Reach $22,790 Million by 2023 - Allied Market Research

#artificialintelligence

AI involves the science and engineering of intelligent computer programs. It uses various computer functions such reasoning, learning and problem solving based on human intelligence. AI systems can be used in various disciplines such as biology, computer science, mathematics, linguistics, psychology, and engineering to build an intelligent system. Some of the different applications that incorporate the AI systems in healthcare fields are medication management, treatment plans, and drug discovery. The global the AI market is driven by the ability of AI to improve patient outcomes, increase in need for coordination between healthcare workforce & patients, rise in adoption of precision medicine, and remarkable growth in venture capital investments.