Artificial intelligence (AI) is poised to have a transformative effect on consumer, enterprise, and government markets around the world. An umbrella term that refers to information systems inspired by biological systems, AI encompasses multiple technologies including machine learning, deep learning, computer vision, natural language processing (NLP), machine reasoning, and strong AI. According to a new report from Tractica, these technologies have use cases and applications in almost every industry and promise to significantly change existing business models while simultaneously creating new ones. The market intelligence firm forecasts that annual worldwide AI revenue will grow from $643.7 million in 2016 to $36.8 billion by 2025. In sizing and forecasting the total global AI market, Tractica has identified 191 real-world use cases for AI, organized into 27 different industry sectors and corresponding with six major technology categories, plus multiple combinations of technologies.
Paid-search campaigns running on desktop and laptops are estimated to decline 3.7% to $14.7 billion by 2021, but the combined share of total Internet advertising held by wired and mobile search will be much higher -- at more than 50% of the total revenue, according to data released Wednesday. PwC's 18th annual Global Entertainment and Media Outlook 2017-2021 details the free fall of paid search delivered through fixed-line broadband and the rise of paid search on mobile devices. Paid-search advertising for desktop fell 34.4% to take 24.5%, or $17.8 billion, of total U.S. Internet advertising revenue in 2016. Google dominates in most global markets, but in the U.S. the company faces more competition, notably from Microsoft's Bing, according to the report. The integration of artificial intelligence (AI) to better anticipate users' search will become another area of focus in the next five years and make players like Apple more sophisticated in search.
According to the latest market research report "Artificial Intelligence Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), End-User Industry, and Geography - Global Forecast to 2025", published by MarketsandMarkets, the market is expected to grow from USD 21.46 Billion in 2018 to USD 190.61 Billion by 2025, at a CAGR of 36.62% between 2018 and 2025. Major drivers for the market are growing big data, the increasing adoption of cloud-based applications and services, and increasing demand for intelligent virtual assistants. The major restraint for the market is the limited number of AI technology experts.
DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Artificial Intelligence (Ai) Market By Technology (Machine Learning, Natural Language Processing (Nlp), Image Processing, And Speech Recognition), Application & Geography - Global Forecast To 2020" report to their offering. The author forecasts the artificial intelligence market 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 major factors driving the growth of this market include diversified application areas of AI, improved productivity, and increased level of customer satisfaction. In addition, the rising demand for intelligent systems is expected to propel the growth of the market in the next five years. The scope of this report covers the artificial intelligence market by technology, application, and region.