Artificial Intelligence Market Size, Worldwide Industry Growth, Size, Statistics, Opportunities & Forecasts up to 2026

Selbyville, DE -- (SBWire) -- 03/14/2019 --The latest report on 'Artificial Intelligence market' collated by Market Study Report, LLC, delivers facts and numbers regarding the market size, geographical landscape and profit forecast of the 'Artificial Intelligence market'. In addition, the report focuses on major obstacles and the latest growth plans adopted by leading companies in this business.

Several companies are making considerable investments to integrate artificial intelligence competences into their portfolio of products. For instance, in 2016, SK Telecom and Intel Corporation signed an agreement for the development of the artificial intelligence based vehicle-to-everything (V2X) technology as well as video recognition.

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Key Findings from the study suggest North America is expected to command the market over the forecast years. APAC is presumed to be the fastest growing market, developing at a CAGR of more than 65% over the forecast period. The artificial intelligence market is presumed to develop at a CAGR of over 55.9% from 2018 to 2026. The high implementation of artificial intelligence in several end-user verticals including, retail, automotive and healthcare is projected to boost the growth of the market over the forecast period.

Currently, North America dominates the global Artificial Intelligence market attributed to the high government funding availability, existence of prominent artificial intelligence providers in the region, and robust technical adoption base. Also, the region is expected to continue its dominance during the forecast period. Moreover, the adoption of cloud-based services in key economies, such as the US and Canada, is considerably adding to the market growth in the North American region. The markets in Asia Pacific, MEA and South America region are expected to notice a high growth during the coming years. The growth in Asia Pacific region is attributed to the increasing demand for artificial technologies by the developing economies. Thus, the region is anticipated to grow at the highest CAGR during the forecast period.

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Major companies profiled in the report include Google Inc., Intel Corporation, Nvidia Corporation, Microsoft Corporation, IBM Corporation, General Vision, Inc., Qlik Technologies Inc., MicroStrategy, Inc., Brighterion, Inc., and Baidu, Inc. among others.

An extraordinary increase in productivity has been achieved with machine-learning. For instance, Google, with the help of its experimental driverless technology has transformed cars including, Toyota Prius. Integration of various tools by artificial intelligence has helped in the transformation of business management. These tools include brand purchase advertising, workflow management tools, trend predictions among others. For example, the Google's voice accuracy technology has 98% of accuracy rate. Furthermore, Facebook's DeepFace technology has a success rate of approximately 97% in recognizing faces. Such accuracy in technologies is further anticipated to bolster the market growth during the forecast period.

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Artificial Intelligence Market share by Major regions included:

United States
North America
Asia Pacific
Europe
Middle East & Africa

Some of the Major Highlights of TOC covers:

Executive Summary

Global Artificial Intelligence Production Growth Rate Comparison by Types (2014-2025)
Global Artificial Intelligence Consumption Comparison by Applications (2014-2025)
Global Artificial Intelligence Revenue (2014-2025)
Global Artificial Intelligence Production (2014-2025)
North America Artificial Intelligence Status and Prospect (2014-2025)
Europe Artificial Intelligence Status and Prospect (2014-2025)
China Artificial Intelligence Status and Prospect (2014-2025)
Japan Artificial Intelligence Status and Prospect (2014-2025)
Southeast Asia Artificial Intelligence Status and Prospect (2014-2025)
India Artificial Intelligence Status and Prospect (2014-2025)
Manufacturing Cost Structure Analysis

Raw Material and Suppliers
Manufacturing Cost Structure Analysis of Artificial Intelligence
Manufacturing Process Analysis of Artificial Intelligence
Industry Chain Structure of Artificial Intelligence
Development and Manufacturing Plants Analysis of Artificial Intelligence

Capacity and Commercial Production Date
Global Artificial Intelligence Manufacturing Plants Distribution
Major Manufacturers Technology Source and Market Position of Artificial Intelligence
Recent Development and Expansion Plans
Key Figures of Major Manufacturers

Artificial Intelligence Production and Capacity Analysis
Artificial Intelligence Revenue Analysis
Artificial Intelligence Price Analysis
Market Concentration Degree

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