Pune, India, Sept. 16, 2021 (GLOBE NEWSWIRE) -- The global Artificial Intelligence (AI) market size is expected to gain momentum by reaching USD 360.36 billion by 2028 while exhibiting a CAGR of 33.6% between 2021 to 2028. In its report titled, "Artificial Intelligence (AI) Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, and Others), By Deployment (Cloud, On-premises), By Industry (Healthcare, Retail, IT & Telecom, BFSI, Automotive, Advertising & Media, Manufacturing, and Others), and Regional Forecast, 2021-2028" Fortune Business Insights mentions that the market stood at USD 35.92 billion in 2020. Artificial Intelligence has become immensely popular, and industries across the globe are rapidly incorporating it into their processes to improve business operations and customer experience. Not only the big companies but also the small and medium businesses are investing in this technology. Besides, the advancement and implementation of 5G, cloud computing, and a huge database are the factors, which are propelling its demand.

The global milking robots market is dominated by BouMatic owing to the fact that it prioritizes technical support and offers quick repair services in case any machine fails to function. In addition to this, the company also focuses on providing training programs to promote the importance of dairy management and herd safety.

The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other artificial intelligence market trends. The report is available for sale on the company website. The report classifies the global artificial intelligence (AI) market on the basis of components, technology, industry vertical, and geography. In terms of technology, the market is divided into machine learning, computer vision, natural language processing, and others.

Key Companies Covered in NLP Market Research Report are 3M Company, Adobe Systems Inc., Amazon Web Services Inc., Apple Inc., Google (Alphabet Inc.), Hewlett-Packard Enterprise Company, Intel Corporation, Microsoft Corporation, SAS Institute Inc., Other key market players The global Natural Language Processing (NLP) Market size is projected to reach USD 80.68 billion by 2026, thereby exhibiting a CAGR of 32.4% during the forecast period. This information is published by Fortune Business Insights, in a report, titled, "Natural Language Processing (NLP) Market Size, Share & Industry Analysis, By Deployment (On-Premises, Cloud, and Hybrid), By Technology (Interactive Voice Response (IVR), Optical Character Recognition (OCR), Text Analytics, Speech Analytics, Classification and Categorization, Pattern and Image Recognition, and Others), By Industry Vertical (Healthcare, Retail, High Tech and Telecom, BFSI, Automotive & Transportation, Advertising & Media, Manufacturing, and Others) and Regional Forecast, 2019-2026." The report further states that the market was USD 8.61 billion in 2018. It is set to gain momentum from the rising demand for big data, improved algorithms, and powerful computing. What Does the Report Contain?

Rapidly rising e-commerce activities will be the key driver for the global cybersecurity market growth during the forecast period. E-commerce giants such as Amazon are fast diversifying their businesses and product offerings and ecosystem of connected devices is getting wider and bigger. For example, in 2017, Amazon reportedly shipped more than 5 billion products globally. According to the OECD's Creditor Reporting System, funds to the tune of USD 6.6 billion were disbursed to promote cross-border electronic connectivity between 2006 and 2016. Thus, as more people shop and transact online, the global cybersecurity market revenue is set to get fueled in the forecast period.

With the emergence of 5G technology, the global AI Market is likely to gain momentum, states Fortune Business Insights in their latest study. The study is titled, "Artificial Intelligence Market: Global Market Analysis, Insights, and Forecasts, 2018 – 2025." According to the study, the global AI market will exhibit remarkable growth owing to factors such as the advent of machine learning into various other industries such as education, health, and others. Technological advancements and the launch of smart devices are creating lucrative growth opportunities for the artificial intelligence market. The rising popularity of machine learning technology is likely to help this segment pick pace over the forecast period.