ARTIFICIAL INTELLIGENCE MARKET BY TECHNOLOGY, IMAGE PROCESSING, AND SPEECH RECOGNITION, APPLICATION

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"Diversified application areas are expected to drive the artificial intelligence market" 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. This growth can be attributed to the factors such as diversified application areas, improved productivity, and increased customer satisfaction. "Machine learning technology to gain maximum traction during the forecast period" The machine learning technology is expected to account for the largest share of the overall AI market duing the forecast period. In addition, due to the increase in demand for AI from the media & advertising and finance sectors, the artificial intelligence market is expected to gain traction in the next five years. The machine learning technology market for the retail, healthcare, law, and oil & gas sectors is also expected to witness growth during the forecast period.


Artificial Intelligence Market by Technology, Application, & Geography - Global Forecast to 2020

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"Diversified application areas are expected to drive the artificial intelligence market" 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. This growth can be attributed to the factors such as diversified application areas, improved productivity, and increased customer satisfaction. "Machine learning technology to gain maximum traction during the forecast period" The machine learning technology is expected to account for the largest share of the overall AI market duing the forecast period. In addition, due to the increase in demand for AI from the media & advertising and finance sectors, the artificial intelligence market is expected to gain traction in the next five years. The machine learning technology market for the retail, healthcare, law, and oil & gas sectors is also expected to witness growth during the forecast period.


Artificial Intelligence Market Research Analysis worth 5.05 Billion USD by 2020

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Some of the key players operating in the artificial intelligence market are IBM Corp. (U.S.), Microsoft Corp. (U.S.), Google Inc. (U.S.), IPsoft (U.S.), FinGenius Corp. (U.K.), Rocket Fuel Inc. (U.S.), Mobileye N.V. (Israel), Kensho Technologies, Inc. (U.S.), Sentient Technologies (U.S.), and Zephyr Health (U.S.). The artificial intelligence market is segmented on the basis of technology into machine learning, natural language processing, image recognition, and speech processing. The market for AI was dominated by the machine learning technology as it provides the computers with the ability to learn without being explicitely programmed. This involves the development of computer programs that are capable of updating themselves when exposed to new data. The artificial intelligence market for the media & advertising sector is expected to account for the largest share of the overall artificial intelligence market during the forecast period due to the rising adoption of AI technologies in the media & advertising sector to determine the consumer behavior to influence their buying pattern.


Artificial Intelligence Market by Technology -2020

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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.


Artificial Intelligence Market by Technology, Application, & Geography - Global Forecast to 2020

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"APAC expected to be the fastest-growing market" The AI market in APAC is expected to grow at the highest CAGR between 2015 and 2020. The rapid adoption of the machine learning technology in the advertising & media, finance, and retail sectors in this region and increase in the usage of natural language processing technology are contributing to the growth of the artificial intelligence market in APAC. In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were also conducted with key people in the market. The break-up of profiles of primary participants is given below. Some of the key players in the artificial intelligence market profiled in this report are: 1. Zephyr Health (U.S.) The report will help the market leaders/new entrants in this market in the following ways: 1.