Artificial Intelligence Market Facts, Developments, Growth, Solutions & Applications
The AI market is entering a dynamic phase of growth where adoption in the enterprise sector continues unabated, but there are questions emerging within research and academic circles about whether the technologies fueling the AI revolution, particularly deep learning, might be hitting a bottleneck. The recent controversy surrounding Facebook and data privacy, AI safety and explainability with Uber’s self-driving car fatality, or questions about authenticity and the power of generative algorithms to create fake images and video, are all issues that highlight the risks and challenges facing AI in 2018. The challenges are to be expected as we move from a hype phase into a reality phase as part of the cycle of AI market development. Tractica sees these challenges as part of the maturity curve for AI, where the next few years will see a sobering of expectations, while the momentum around use cases and applications continues to build.
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This growth is evidenced in Tractica’s most recent update to the firm’s AI market forecasts model, which is built upon a taxonomy of 294 real-world use cases for AI, distributed across 30 different industry sectors. Compared to 6 months ago, Tractica sees continued growth in use cases, adding 28 new use cases in this iteration of the model. Telecommunications, consumer (internet services), advertising, healthcare, automotive, and retail are some of the big industry verticals that will lead in AI adoption.
In 2018, the global Artificial Intelligence market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Artificial Intelligence status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Artificial Intelligence development in United States, Europe and China.
The key players covered in this study
Digital Asset Holdings
Additional Industry Participants
Market segment by Type, the product can be split into
Natural Language Processing
Market segment by Application, split into
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Artificial Intelligence status, future forecast, growth opportunity, key market and key players.
To present the Artificial Intelligence development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Artificial Intelligence are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.