The global artificial intelligence (AI) in retail market attained $720.0 million in 2018 and is predicted to witness a CAGR of 35.4%

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GNW The global artificial intelligence (AI) in retail market attained $720.0 million in 2018 and is predicted to witness a CAGR of 35.4% during 2019–2024 (forecast period). The factors contributing to the growth of the market include the increasing investments in AI by retail companies and expanding e-retail industry. With AI, retailers have been able to automate their work processes, study consumer behavior, and capture relevant data through the adoption of numerous advanced technologies, such as machine learning, natural language processing (NLP), and computer vision. When technology is considered, the AI in retail market is divided into computer vision, NLP, machine learning, and others (which include gesture recognition and analytics). Machine learning generated the highest revenue during the historical period (2014–2018) and is expected to dominate the market during the forecast period as well.


The global AI in the drug discovery market is projected to reach USD 1,434 million by 2024 from USD 259 million in 2019, at a CAGR of 40.8%

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Growing number of cross-industry collaborations and partnerships and the need to control drug discovery & development costs and reduce the overall time taken in this process are the key factors driving the AI in the drug discovery market. The global AI in the drug discovery market is projected to reach USD 1,434 million by 2024 from USD 259 million in 2019, at a CAGR of 40.8% during the forecast period. Growth in this market is mainly driven by growing number of cross-industry collaborations and partnerships, the need to control drug discovery & development costs and reduce the overall time taken in this process, the rising adoption of cloud-based applications & services, and the impending patent expiry of blockbuster drugs. On the other hand, a lack of data sets in the field of drug discovery and the inadequate availability of skilled labor are some of the factors challenging the growth of the market. The immuno-oncology segment accounted for the largest share in 2019.


Artificial Intelligence (AI) Hardware: Global Markets

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Report Scope: The scope includes the analysis of the AI hardware market based on technology type, computation type, end use industries and regional markets. For each of these market segments, revenue forecasts for 2018 through 2024 are provided at the global level. PRN The AI hardware market is segmented into the following categories - - Technology: machine learning, Computer vision, Natural Language Processing, Expert Systems. This report covers analyses of the global market trends, with data from 2018 to 2024 and projections of CAGR during 2019 to 2024 .The estimated values used are based on manufacturers' total revenues. Projected and forecasted revenue values are in constant U.S. dollars that have not been adjusted for inflation.


Artificial Intelligence (AI) Hardware: Global Markets

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Report Scope: The scope includes the analysis of the AI hardware market based on technology type, computation type, end use industries and regional markets. For each of these market segments, revenue forecasts for 2018 through 2024 are provided at the global level. PRN The AI hardware market is segmented into the following categories - - Technology: machine learning, Computer vision, Natural Language Processing, Expert Systems. This report covers analyses of the global market trends, with data from 2018 to 2024 and projections of CAGR during 2019 to 2024 .The estimated values used are based on manufacturers' total revenues. Projected and forecasted revenue values are in constant U.S. dollars that have not been adjusted for inflation.


The Artificial Intelligence (AI) in accounting market size is expected to grow from USD 666 million in 2019 to USD 4,791 million by 2024, at a Compound Annual Growth Rate (CAGR) of 48.4%

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The Artificial Intelligence (AI) in accounting market size is expected to grow from USD 666 million in 2019 to USD 4,791 million by 2024, at a Compound Annual Growth Rate (CAGR) of 48.4% during the forecast period. The AI in accounting is driven by various factors, such as the growing need to automate accounting processes and support enhanced data-based advisory and decision making. However, growing concerns over high criticality of data volume and quality, and investment related issues with integration of AI in accounting can hinder the growth of the market. Services segment to grow at a higher CAGR during the forecast period The AI in accounting market based on component is segmented into solutions and services.The services segment is expected to grow at a rapid pace during the forecast period. The growth of this segment can be attributed to the increasing deployment of AI in accounting software tools and solutions, which leads to increasing the demand for pre- and post-deployment services.