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

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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.


Global Artificial Intelligence (AI) in Social Media Market 2019-2023 Growing Demand for Smart Homes to Boost Growth Technavio

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The artificial intelligence (AI) in social media market size is poised to grow by USD 1.67 billion during the period 2019-2023, according to the latest market research report by Technavio. This press release features multimedia. The process of deploying and maintaining reliable data interfaces is difficult, owing to the complexity of the process and the huge volumes of data being generated across various end-user industries. Therefore, enterprises around the world are adopting data integration solutions. Al in social media allows real-time synthesizing of data to facilitate real-time analysis for effective decision-making.


Global Artificial Intelligence Platforms Market 2019-2023 28% CAGR Projection Over the Next Five Years Technavio

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The artificial intelligence platforms market size is poised to grow by USD 6.95 billion during the period 2019-2023, according to the latest market research report by Technavio. This press release features multimedia. Technavio has announced its latest market research report titled global artificial intelligence platforms market 2019-2023. Governments across the world are increasingly promoting AI technology through investments in R&D and by developing education programs to train the workforce with AI skills, which can support businesses across industries. Retail, BFSI, and manufacturing are a few of the major industries that are increasing their investments in AI to automate business functions.


Global Artificial Intelligence (AI) Chips Market 2019-2023 39% CAGR Projection Through 2023 Technavio

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The global artificial intelligence (AI) chips market is expected to post a CAGR of around 39% during the period 2019-2023, according to the latest market research report by Technavio. This press release features multimedia. The growth in the generation of large volumes of data has increased the deployment of data centers across the world. As data centers process massive amounts of data, the need for improving their efficiency and reducing operational costs has become imperative. Hence, data center operators are increasingly adopting AI technologies to improve energy efficiency, infrastructure management, server optimization, security, and others.


Global Artificial Intelligence (AI) Market in Manufacturing Industry 2019-2023 31% CAGR Projection Through 2023 Technavio

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LONDON--(BUSINESS WIRE)--The global artificial intelligence (AI) market in manufacturing industry is expected to post a CAGR of around 31% during the period 2019-2023, according to the latest market research report by Technavio. Manufacturing companies are moving toward the implementation of Industry 4.0 standard to intensify automation to achieve higher operational efficiencies. This is increasing the adoption of a greater number of connected devices and technologies such as big data, ML, and IoT, which is resulting in the generation of high volumes of data. This, in turn, is compelling manufacturing firms to adopt AI-based solutions to extract insights from the data to improve the management of operations. Hence, the integration of industrial IoT and big data is crucial in driving the growth of the market.