The global artificial intelligence market is expected to reach the market value of around US$ 160 Bn by 2026 and is anticipated to grow at a CAGR of around 49% in terms of revenue during the estimated period 2019 – 2026.
Artificial Intelligence is described as the engineering & science of making smart computer systems capable of displaying human-like intelligence (natural intelligence) & directly performing tasks without any human intervention. In order to interpret complex data and the interaction between machines & person, Artificial Intelligence uses software & algorithms to mimic human perception. Artificial Intelligence use ranges from advanced analytics & analysis to robotics.
The report provides analysis of global Artificial Intelligence market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Market Insights
The growth of the artificial intelligence industry is driven by growing adoption of cloud-based applications and services, the rise in the connected device market, significant investments in 5G technologies, and increased demand for smart virtual assistants. Currently the number of experts in AI technologies is small. Therefore, increasing the role of machine learning software (M2 M, M2P) in manufacturing industries is expected to drive the market in the forecast period. For starters, IBM Corporation purchased Armanta Inc. in 2018 with the goal of providing financial services companies with an AI-based cloud computing platform to satisfy market demands. There are, however, various factors that still need to be tackled which could have a significant long-term effect on the Artificial Intelligence market. Data security & privacy is a key issue about the Artificial Intelligence implementation. In the healthcare sector, for example, private patient & family data constitute a valuable asset, and a malevolent AI or a malicious malware infecting the AI will exploit it. The popular view of Bostrom's work on orthogonality remains true today. The Thesis of Orthogonality says, "Artificial Intelligence will create any mixture of intelligence with several set of objectives. Those targets are added by hacking or a rogue malware attack. Certain major factors inhibiting the Artificial Intelligence industry include low investment returns, AI-related costs, lack of skilled labor force, & weakness due to hardware and software failures. However, in the current scenario, reticence to implement Artificial Intelligence technologies is another major challenge facing the industry.
Regional Stance
North America is projected to held the maximum market share in artificial intelligence. North America is anticipated to maintain its dominance amid the forecast period due to technical advancement in analytical tools, machine learning, and natural language processing technology. In fact, knowledge of the advantages of artificial intelligence instruments is common in the region.
Cloud-based AI deployment in Europe is projected to see significant growth in the coming years due to increased consumer demand for quicker and on-demand data access and convenient document management. In fact, many private and public agencies are gathering domain-specific data that covers topics such as medical information processing, communications, cyber security, national intelligence, and prevention of fraud. Big data-based AI algorithms help to evaluate these unorganized and unsupervised data by continuous improvement of each data set.
Report coverage
The market research study on “Artificial Intelligence Market (By Technology: Image Processing, Machine Learning, Natural Language Processing, Speech Recognition; Application, IT & Telecom, Media & Advertising, BFSI, Automotive & Transportation, Retail, Healthcare, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers a detailed insights on the global artificial intelligence market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global artificial intelligence market, its technology, application, end use, and major geographic regions. The report covers global artificial intelligence market size, and segment markets by technology, application, end use, and geography along with the information on companies operating in the market. The artificial intelligence market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global artificial intelligence market is segmented as below:
Market Segmentation
Artificial Intelligence Market By Technology
- Image Processing
- Machine Learning
- Natural Language Processing
- Speech Recognition
Artificial Intelligence Market By Application
- IT & Telecom
- Media & Advertising
- BFSI
- Automotive & Transportation
- Retail
- Healthcare
- Others
Artificial Intelligence Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Players and Market Situation
The number of players in the artificial intelligence market around the world is increasing steadily. Participants include major global players such as Lifegraph, Zebra Medical Vision, Inc., Sense.ly, Inc., Baidu, Inc., H2O ai, Atomwise, Inc., NVIDIA, Enlitic, Inc., Google LLC, Intel Corporation, IBM Watson Health, and Microsoft Corporation, and others.
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Automated Parking Management Systems
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Artificial Intelligence (AI) Market By Technology
1.2.2.1. Global Artificial Intelligence (AI) Market Revenue and Growth Rate Comparison By Technology (2015-2026)
1.2.2.2. Global Artificial Intelligence (AI) Market Revenue Share By Technology in 2018
1.2.2.3. Image Processing
1.2.2.4. Machine Learning
1.2.2.5. Natural Language Processing
1.2.2.6. Speech Recognition
1.2.3. Artificial Intelligence (AI) Market By Application
1.2.3.1. Global Artificial Intelligence (AI) Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.3.2. Global Artificial Intelligence (AI) Market Revenue Share By Application in 2018
1.2.3.3. IT & Telecom
1.2.3.4. Media & Advertising
1.2.3.5. BFSI
1.2.3.6. Automotive & Transportation
1.2.3.7. Retail
1.2.3.8. Healthcare
1.2.3.9. Others
1.2.4. Artificial Intelligence (AI) Market By Geography
1.2.4.1. Global Artificial Intelligence (AI) Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Artificial Intelligence (AI) Market Revenue and Growth Rate(2015-2026)
1.2.4.3. Europe Artificial Intelligence (AI) Market Revenue and Growth Rate(2015-2026)
1.2.4.4. Asia-Pacific Artificial Intelligence (AI) Market Revenue and Growth Rate(2015-2026)
1.2.4.5. Latin America Artificial Intelligence (AI) Market Revenue and Growth Rate(2015-2026)
1.2.4.6. Middle East and Africa (MEA) Artificial Intelligence (AI) Market Revenue and Growth Rate(2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Automated Parking Management Systems Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Automated Parking Management Systems Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Automated Parking Management Systems Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Automated Parking Management Systems Major Manufacturers in 2018
CHAPTER 4. ARTIFICIAL INTELLIGENCE (AI) MARKET BY TECHNOLOGY
4.1. Global Automated Parking Management Systems Revenue By Technology
4.2. Image Processing
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Machine Learning
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Natural Language Processing
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Speech Recognition
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. ARTIFICIAL INTELLIGENCE (AI) MARKET BY APPLICATION
5.1. Global Automated Parking Management Systems Revenue By Application
5.2. IT & Telecom
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Media & Advertising
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. BFSI
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Automotive & Transportation
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.6. Retail
5.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.7. Healthcare
5.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.8. Others
5.8.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.8.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. NORTH AMERICA ARTIFICIAL INTELLIGENCE (AI) MARKET BY COUNTRY
6.1. North America Artificial Intelligence (AI) Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. North America Artificial Intelligence (AI) Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S.Artificial Intelligence (AI) Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 7. EUROPE ARTIFICIAL INTELLIGENCE (AI) MARKET BY COUNTRY
7.1. Europe Artificial Intelligence (AI) Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Europe Artificial Intelligence (AI) Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 8. ASIA-PACIFIC ARTIFICIAL INTELLIGENCE (AI) MARKET BY COUNTRY
8.1. Asia-Pacific Artificial Intelligence (AI) Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Asia-Pacific Artificial Intelligence (AI) Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.8.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 9. LATIN AMERICA ARTIFICIAL INTELLIGENCE (AI) MARKET BY COUNTRY
9.1. Latin America Artificial Intelligence (AI) Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Latin America Artificial Intelligence (AI) Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 10. MIDDLE EAST & AFRICA ARTIFICIAL INTELLIGENCE (AI) MARKET BY COUNTRY
10.1. Middle East & Africa Artificial Intelligence (AI) Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Middle East& Africa Artificial Intelligence (AI) Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. GCC
10.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4. South Africa
10.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5. Rest of Middle East & Africa
10.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 11. COMPANY PROFILE
11.1. Lifegraph
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. Zebra Medical Vision, Inc.
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. Sense.ly, Inc.
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. Baidu, Inc.
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. H2O ai
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. Atomwise, Inc.
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. NVIDIA
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. Key Developments
11.7.6. Strategies
11.8. Enlitic, Inc.
11.8.1. Company Snapshot
11.8.2. Overview
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. Key Developments
11.8.6. Strategies
11.9. Google LLC
11.9.1. Company Snapshot
11.9.2. Overview
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. Key Developments
11.9.6. Strategies
11.10. Intel Corporation
11.10.1. Company Snapshot
11.10.2. Overview
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. Key Developments
11.10.6. Strategies
11.11. IBM Watson Health
11.11.1. Company Snapshot
11.11.2. Overview
11.11.3. Financial Overview
11.11.4. Product Portfolio
11.11.5. Key Developments
11.11.6. Strategies
11.12. Intel Corporation
11.12.1. Company Snapshot
11.12.2. Overview
11.12.3. Financial Overview
11.12.4. Product Portfolio
11.12.5. Key Developments
11.12.6. Strategies
11.13. Microsoft Corporation
11.13.1. Company Snapshot
11.13.2. Overview
11.13.3. Financial Overview
11.13.4. Product Portfolio
11.13.5. Key Developments
11.13.6. Strategies
11.14. Others
11.14.1. Company Snapshot
11.14.2. Overview
11.14.3. Financial Overview
11.14.4. Product Portfolio
11.14.5. Key Developments
11.14.6. Strategies
CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope
