Transparency Market Research, in its latest market intelligence study, finds that the global Commercial Artificial Intelligence market registered a value of US$ xx Mn/Bn in 2018 and is spectated to grow at CAGR of xx% during the foreseeable period 2019-2029. In terms of product type, segment holds the largest share, while segment 1 and segment 2 hold significant share in terms of end use. The Commercial Artificial Intelligence market study outlines the key regions – Region 1 (Country 1, Country 2), region 2 (Country 1, Country 2), region 3 (Country 1, Country 2) and region 4 (Country 1, Country 2). All the consumption trends and adoption patterns of the Commercial Artificial Intelligence are covered in the report. The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).

The Cognitive Computing market research encompasses an exhaustive analysis of the market outlook, framework, and socio-economic impacts. The report covers the accurate investigation of the market size, share, product footprint, revenue, and progress rate. Driven by primary and secondary researches, the Cognitive Computing market study offers reliable and authentic projections regarding the technical jargon. As per the latest business intelligence report published by Transparency Market Research, the Cognitive Computing market has been observing promising growth since the last few years. The report further suggests that the Cognitive Computing market appears to progress at an accelerating rate over the forecast period.

Artificial Intelligence Market Global Artificial Intelligence Market: Snapshot Globally, there is a wave of artificial intelligence across various industries, especially consumer electronics and healthcare. The wave is likely to continue in the years to come with the expanding base of applications of the technology. The global market for artificial intelligence is expected to witness phenomenal growth over the coming years as organizations worldwide have started capitalizing on the benefits of such disruptive technologies for effective positioning of their offerings and customer reach. According to a study by Transparency Market Research (TMR), the global market for artificial intelligence is estimated to post an impressive 36.1% CAGR between 2016 and 2024, rising to a valuation of US$3,061.35 The upward growth of the market is, however, hampered by the low upfront investments.

The global machine learning as a service (MLaaS) market is poised to grow from $1.07 billion in 2016 to $19.86 billion in 2025, at a CAGR of more than 38%, according to a new report from Transparency Market Research. Demand for MLaaS has been highest in the healthcare and life sciences industry, due primarily to the need to integrate structured and unstructured data in these areas, especially data generated by electronic health records. Other industries that will benefit from this technology moving forward include manufacturing, retail, telecom, finance, energy and utilities, education, and the government, as MLaaS can improve the decision-making capabilities of devices used in those areas, the report stated. Enterprises' move to the cloud is another important factor behind the expected growth of the MLaaS market, the report noted--as more companies shift toward cloud computing, it is easier for them to take advantage of machine learning. SEE: 5 steps to turn your company's data into profit MLaaS solutions are typically deployed in both the public and private cloud, though private cloud accounts for most of the revenue generated in the global MLaaS market, the report noted. "Enterprises are preferring private cloud-based MLaaS solutions over their public cloud-based counterparts due to data security reasons," according to the press release.

Facebook, Inc., Google, Inc., and Microsoft Corporation were the clear winners in the global chatbot market in 2015. Their collective share of close to 97.5% in the market's revenue is an indicator of the extremely consolidated nature of the market. Consumers show an extremely high preference for the products of these three players due to their recognition and the much larger investments they make into developing chatbot technologies. Additionally, Yahoo, Inc. has also made unique floors of development for itself to gather a significant share in the market. According to a research report released by Transparency Market Research, the scope of entry for new players into the global chatbot market is notably minor, given the sheer volume of the communications markets taken up by messaging applications such as Kik, Twitter, Facebook Messenger, WeChat, WhatsApp, Skype, and Line.