Press Release

Artificial Intelligence Market 2019, Overview by Industry Size Estimation, Share, Future Demand and Growth Dynamics By 2025 | Fortune Business Insights

With the emergence of 5G technology, the global Artificial Intelligence 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 artificial intelligence 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.

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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. On the other hand, the smart robot segment is likely to emerge as the fastest growing segment in the coming years. Growth witnessed across these segments is attributable to the self-learning capabilities of smart robots which will further help them to collaborate with humans while working with humans and learning from their behaviour.

Analysis by Top Key Players:

  • Alphabet Inc
  • Apple
  • Baidu Inc
  • IBM
  • IPsoft
  • Microsoft
  • MicroStrategy
  • Verint Inc

Implementation of Question Acknowledgement and Machine Interpretation Features to Boost Market

The adoption of artificial intelligence is directly attributable to the growth of big data. Other factors boosting the global artificial intelligence market are the increasing adoption of cloud-based applications and cloud-based solutions. This, coupled with, the rising demand for intelligent virtual assistants are likely to fuel demand for the market in the long run.

Artificial Intelligence is related to human intelligence having similar characteristics namely reasoning, understanding language, problem-solving, learning, and others. Over the past few years, artificial intelligence has seen gigantic changes owing to factors such as question acknowledgment, protest observation, and machine interpretation. Various end-use enterprises such as business and healthcare are adopting artificial intelligence for better functioning of their businesses.

On the flip side, the market for artificial intelligence may face rough waters due to the lack of skilled technicians and trained professionals in the field. Besides this, the slow rate of adoption of artificial intelligence technology may hamper the growth of the market during the forecast period. Again, the high installation and development cost of artificial intelligence may restrain the market from generating greater revenues.

Nevertheless, the rise in popularity of profound learning models and their uses across all verticals is also propelling growth. A rise in the number of innovative start-ups and technological advancements have influenced market players to invest in various technologies comprising artificial intelligence, thus driving the market globally.

Complete Report:

Intel Corporation’s Huge Investment in 5G Technology Drives Market

Various organizations are investing considerably in the development and deployment of artificial intelligence in their personal business use. Vendors are adopting various strategies such as mergers and acquisitions, company collaborations, new product development and launch, and others to increase their market share. To cite an example, SK Telecom collaborated with Intel Corporation in November 2017 for developing video recognition application and vehicle-to-everything technology on the basis of artificial intelligence. This will also include features such as speech recognition, language translation, decision-making, and visual perception. Such type of initiatives taken by companies is likely to bode well for the global artificial intelligence market in future.

Major vendors in the artificial intelligence market are investing huge sums in the development of M2M, M2P applications, 5G technology, in artificial intelligence. They are also focusing on creating more reliable infrastructures of cloud computing and improving the dynamic solutions based on artificial intelligence for helping the global market earn greater revenues in the future. Some of the players operating in the global artificial intelligence market are Microsoft Corporation, IBM Corporation, Verint Systems Inc (Next IT Corp)., IPsoft, NVIDIA Qlik Technologies Inc, MicroStrategy, Inc, Baidu, Alphabet (Google Inc.), and Apple Inc.

Major Table of Content for Artificial Intelligence Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Artificial Intelligence Market Analysis, Insights and Forecast, 2014-2025
  6. North America Artificial Intelligence Market Analysis, Insights and Forecast, 2014-2025
  7. Europe Artificial Intelligence Market Analysis, Insights and Forecast, 2014-2025
  8. Asia Pacific Artificial Intelligence Market Analysis, Insights and Forecast, 2014-2025
  9. Middle East and Africa Artificial Intelligence Market Analysis, Insights and Forecast, 2014-2025
  10. Latin America Artificial Intelligence Market Analysis, Insights and Forecast, 2014-2025
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

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Jose Gonzales

Jose works as the head of the communication devices column. He manages his works profusely. His knowledge of the field is vast, and this intrigues him to write quality articles. His articles are enriched in information and quite interesting to read. He knows how to turn boring facts to readable data. Our readers very much love his articles. It has been 6 years since he has joined this organization and we have never regretted taking him.

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