Artificial Intelligence (AI) Market: To Receive Overwhelming Hike In Revenues By 2016 2024 KSU | The Sentinel Newspaper – KSU | The Sentinel…

According to a new market report pertaining to the globalartificial intelligence marketpublished by Transparency Market Researchthe global artificial intelligence market is projected to reachUS$ 5,508.4 Bnby2027. The artificial intelligence market is projected to expand at a CAGR of24.5%from2019to2027. Increasing dependency over automation is expected to drive the growth of the market. Over the forecast period, North America is anticipated to have the largest market share whereas Asia Pacific is expected to grow at the highest rate.

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Artificial Intelligence Market: Market Taxonomy

The global artificial intelligence market has been segmented in terms of type, application, and region. Based on type, the market has been segmented into artificial neural network, digital assistance system, embedded system, expert system and automated robotic system. Based on application, the market has been segmented into deep learning, smart robots, image recognition, digital personal assistant, querying method, language processing, gesture control, video analysis, speech recognition, context aware processing and cyber security.

Artificial Intelligence Market: Regional Outlook

North America is expected to dominate the artificial intelligence market during the forecast period. Asia Pacific is expected to see increasing growth in the artificial intelligence market. The artificial intelligence market in Middle East & Africa, Europe, and South America is also expected to expand rapidly during the forecast period.

The report provides in-depth segment analysis of the global artificial intelligence market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the artificial intelligence market.

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Artificial Intelligence (AI) Market: To Receive Overwhelming Hike In Revenues By 2016 2024 KSU | The Sentinel Newspaper - KSU | The Sentinel...