The global automotive artificial intelligence market is expected to grow at a CAGR of 39.8% from 2019 to reach $15.90 billion by 2027 with Asia Pacific automotive artificial intelligence market expected to grow at the highest CAGR. In modern digital society, artificial intelligence is becoming a dynamic business norm. The adoption of automotive artificial intelligence is routing in a new era allowing the companies to track their operations, augment business strategies, enhance in-car user experience, develop autonomous and semi-autonomous vehicles, and provide a better outcome in the digital world. The growth of the global automotive artificial intelligence market is primarily driven by factors, such as growing demand for autonomous vehicles, adoption of advanced automotive solutions, growing adoption of artificial intelligence for traffic management, government initiatives and investments in connected and autonomous vehicles. However, the lack of infrastructure coupled with the high procurement and operational costs are the major hindrances to market growth. The global market for autonomous vehicles has witnessed remarkable growth in recent years.

Artificial intelligence is changing the game for cybersecurity across several industries by providing cutting-edge security technologies that analyze massive quantities of data. AI technology uses its ability to improve network security over time. Today, several organizations are increasingly implementing AI-powered intelligent security solutions & services to understand and reuse threat patterns to identify new coercions. AI technology provides wider security solutions and simplifies complete recognition and acknowledgment procedures related to cyberattacks. Thus, there is a growing demand for AI-based solutions in the end-use industry for cybersecurity.

Meticulous Research also offers Custom Research services providing focused, comprehensive and tailored research.

London, Dec. 10, 2019 (GLOBE NEWSWIRE) -- According to a new market research report "Artificial Intelligence in Supply Chain Market by Component (Platforms, Solutions), Technology (Machine Learning, Computer Vision, Natural Language Processing), Application (Warehouse, Fleet, Inventory Management), & End User - Global Forecast to 2027", published by Meticulous Research, the AI in Supply Chain Market is expected to grow at a CAGR of 39.4% from 2019 to reach $21.8 billion by 2027. Today supply chain networks are becoming more and more complex owing to progressive globalization. Various well-established supply chain organizations across the globe are increasingly struggling with rising cost of operations, dissatisfied customers, declining sales, and unidentified competition. Therefore, the adoption of artificial intelligence technologies in supply chain operations is on the rise in order to create new opportunities & enhance operational capabilities by leveraging new possibilities, fastening processes, and making organizations adaptable to changes in the future. Realizing the fact, various end-use industries are investing heavily in order to reap the profits in highly dynamic and competitive market environments.

Contact Info: Name: Khushal Email: Send Email Organization: Meticulous Market Research Pvt. Ltd.