The artificial intelligence market is estimated to represent a global market of USD 680.9 million by 2017 with growth rate of 45.9%.

Artificial intelligence is a rapidly advancing internet enabled technology. According to the Association for the Advancement of Artificial Intelligence, artificial intelligence is a computer controlled robotic system that capable to perform various tasks as human intelligence such as learning, problem solving, and reasoning.

Market Dynamics

Advancements in technologies is considered to be one of the most important driving factor for the market growth. Additionally, rising Research and development activities coupled with strategic merger and acquisitions would in turn support the market growth to great extent. On contrary, AI industry promises several benefits, but also poses many challenges in terms of skilled workers, and huge investments, which limits industry growth.  In addition to this, regulatory and legal challenges that could further hold back the growth of AI industry in coming years.

Types Takeaway

In terms of types, the market is divided into Software, Hardware and Services. Software segment accounted for the largest share of the global market. Technology segment is bifurcated as Machine Learning, Natural Language Processing, Deep Learning, and Machine Vision. Deep learning segment is projected to dominate the market with approximately 30% share in 2025. Deep learning is the application to learning tasks of Artificial Neural Network, part of machine learning methods based on learning data representations.

Application Takeaway

This science and technology based discipline has been dominant in various fields such as Banking and Financial IT Services, Healthcare, Advertising & Media, Automotive & Transportation, Manufacturing, Agriculture, and Others. Adoption of artificial intelligence is occurring at rapid pace in sectors that are strong digital adopters such as telecommunications, automotive and financial services. Automotive industry is considered to be the first sector which has implemented AI based robotic technology to develop self-driving vehicles. Furthermore, imaging diagnostics such as pathology and radiology promises strong potential for the use of AI enabled technology in healthcare sector.

Healthcare sector is further categorized as Virtual Nursing Assistants, Robot Assisted Surgery, Hospital Workflow Management, Clinical Trial Participant Identifier, Automated Image Diagnosis, and others. AI technology presents strong potential to accelerate the drug development process by reducing time consuming and costly errors during clinical investigations. Thus, pharmaceutical giants such as Merck & Co. and Johnson & Johnson have started investing in advanced artificial intelligence technology in order to gain advantage over their competitors. Rising adoption of such technologies has significantly improved the developments in drug discoveries and developments. On other hand, BFSI is broadly categorized into Portfolio Management, Risk Assessment, Financial Research, and others.

Regional Takeaway

Regionally, North America and China is considered to experience the fastest growth in coming years. One of the major reason for the high growth of these regions are their extensive productivity and research and development activities. It is noticed that China is strongly followed North America which will further stimulate the export of AI enabled products from China market to North American countries.  On other hand, AI industry is set to be the key reason of transformation, and competitive advantage in countries such as India, Japan and Latin American countries. Owing to the strong growth opportunities of this market in India and China, Asia Pacific region is projected to grow with the highest growth rate of 65.23% over the future period.

Key Vendor Takeaway

Key players such as Lifegraph, Cyrcadia Health, Google LLC, NVIDIA Corporation, and Baidu, Inc. are included in the study. The artificial intelligence industry is poised to unleash the next step of digital disruption. Due to this fact, key players are increasingly investing in this sector, dominated by the technology giants such as Google LLC and Baidu, Inc.

The market size and forecast for each segment has been provided for the period 2014 to 2025, considering 2015 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2016 to 2025 for every reported segment.

The years considered for the study are:

• Historical Year – 2014 & 2015
• Base Year – 2015
• Estimated Year – 2016
• Projected Year – 2025

TARGET AUDIENCE

• Traders, Distributors, And Suppliers
• Manufacturers
• Hospitals
• Government and Regional Agencies and Research Organizations
• Consultants
• Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY TYPES

• Software
• Hardware
• Services

MARKET, BY TECHNOLOGY

• Machine Learning
• Natural Language Processing
• Deep Learning
• Machine Vision

MARKET, BY APPLICATION

• Banking and Financial IT Services
  • Portfolio Management
  • Risk Assessment
  • Financial Research
  • Others
• Healthcare
  • Virtual Nursing Assistants
  • Robot Assisted Surgery
  • Hospital Workflow Management
  • Clinical Trial Participant Identifier
  • Automated Image Diagnosis
  • Others
• Advertising & Media
• Automotive & Transportation
• Manufacturing
• Agriculture
• Others

MARKET, BY REGION

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • Rest of APAC
• Rest of the World
  • Middle East and Africa
  • Latin America
  • TABLE OF CONTENT

     

    1. ARTIFICIAL INTELLIGENCE MARKET OVERVIEW
    1.1. Study Scope
    1.2. Base Year
    1.3. Assumption and Methodology
    2. EXECUTIVE SUMMARY
    2.1. Key Market Facts
    2.2. Geographical Scenario
    2.3. Companies in the Market
    3. ARTIFICIAL INTELLIGENCE KEY MARKET TRENDS
    3.1. Market Drivers
    3.1.1. Impact Analysis of Market Drivers
    3.2. Market Restraints
    3.2.1. Impact Analysis of Market Restraints
    3.3. Market Opportunities
    3.4. Market Future Trends
    4. ARTIFICIAL INTELLIGENCE INDUSTRY STUDY
    4.1. Porter’s Analysis
    4.2. Regulatory Framework Analysis
    4.3. Market Attractiveness Analysis
    4.4. Value Chain Analysis
    5. ARTIFICIAL INTELLIGENCE MARKET LANDSCAPE 
    5.1. Market Share Analysis
    6. ARTIFICIAL INTELLIGENCE MARKET – BY TYPES:
    6.1. Overview
    6.2. Software
    6.2.1. Overview
    6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    6.3. Hardware
    6.3.1. Overview
    6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    6.4. Services
    6.4.1. Overview
    6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    7. ARTIFICIAL INTELLIGENCE MARKET – BY TECHNOLOGY:
    7.1. Overview
    7.2. Machine Learning
    7.2.1. Overview
    7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    7.3. Natural Language Processing
    7.3.1. Overview
    7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    7.4. Deep Learning
    7.4.1. Overview
    7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    7.5. Machine Vision
    7.5.1. Overview
    7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8. ARTIFICIAL INTELLIGENCE MARKET – BY APPLICATION:
    8.1. Overview
    8.2. Banking and Financial IT Services
    8.2.1. Overview
    8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8.2.3. Portfolio Management
    8.2.3.1. Overview
    8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8.2.4. Risk Assessment
    8.2.4.1. Overview
    8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8.2.5. Financial Research
    8.2.5.1. Overview
    8.2.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8.2.6. Others
    8.2.6.1. Overview
    8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8.3. Healthcare
    8.3.1. Overview
    8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8.3.3. Virtual Nursing Assistants
    8.3.3.1. Overview
    8.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8.3.4. Robot Assisted Surgery
    8.3.4.1. Overview
    8.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8.3.5. Hospital Workflow Management
    8.3.5.1. Overview
    8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8.3.6. Clinical Trial Participant Identifier
    8.3.6.1. Overview
    8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8.3.7. Automated Image Diagnosis
    8.3.7.1. Overview
    8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8.3.8. Others
    8.3.8.1. Overview
    8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8.4. Advertising & Media
    8.4.1. Overview
    8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8.5. Automotive & Transportation
    8.5.1. Overview
    8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8.6. Manufacturing
    8.6.1. Overview
    8.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8.7. Agriculture
    8.7.1. Overview
    8.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    8.8. Others
    8.8.1. Overview
    8.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    9. ARTIFICIAL INTELLIGENCE MARKET– BY GEOGRAPHY
    9.1. Introduction
    9.2. North America
    9.2.1. Overview
    9.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    9.2.3. U.S.
    9.2.3.1. Overview
    9.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    9.2.4. Canada
    9.2.4.1. Overview
    9.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    9.3. Europe
    9.3.1. Overview
    9.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    9.3.3. France
    9.3.3.1. Overview
    9.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    9.3.4. Germany
    9.3.4.1. Overview
    9.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    9.3.5. Rest of Europe
    9.3.5.1. Overview
    9.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    9.4. Asia Pacific (APAC)
    9.4.1. Overview
    9.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    9.4.3. China
    9.4.3.1. Overview
    9.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    9.4.4. India
    9.4.4.1. Overview
    9.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    9.4.5. Rest of APAC
    9.4.5.1. Overview
    9.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    9.5. Rest of the World
    9.5.1. Overview
    9.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    9.5.3. Latin America
    9.5.3.1. Overview
    9.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    9.5.4. Middle East and Africa
    9.5.4.1. Overview
    9.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    10. KEY VENDOR ANALYSIS
    10.1. Lifegraph
    10.1.1. Company Overview
    10.1.2. SWOT Analysis
    10.1.3. Key Developments
    10.2. Cyrcadia Health
    10.2.1. Company Overview
    10.2.2. SWOT Analysis
    10.2.3. Key Developments
    10.3. Google LLC
    10.3.1. Company Overview
    10.3.2. SWOT Analysis
    10.3.3. Key Developments
    10.4. NVIDIA Corporation
    10.4.1. Company Overview
    10.4.2. SWOT Analysis
    10.4.3. Key Developments
    10.5. Baidu, Inc.
    10.5.1. Company Overview
    10.5.2. SWOT Analysis
    10.5.3. Key Developments
    *Client can request additional company profiling as per specific requirements
    11. 360 DEGREE ANALYSTVIEW
    12. APPENDIX
    12.1. Research Methodology
    12.2. Abbreviations
    12.3. Disclaimer
    12.4. Contact Us

    List of Tables
    Table 1 List of Acronyms
    Table 2 Key Market Facts, 2014 – 2025
    Table 3 Market Drivers: Impact Analysis
    Table 4 Market Restraint: Impact Analysis
    Table 5 Market Opportunity: Impact Analysis
    Table 6 PEST Analysis
    Table 7 Porter’s Five Forces Analysis
    Table 8 Company Market Share Analysis
    Table 9 Global Artificial Intelligence Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    Table 10 Artificial Intelligence Market, by Types, 2014 – 2025 (USD Million)
    Table 11 Artificial Intelligence Market, by Technology, 2014 – 2025 (USD Million)
    Table 12 Artificial Intelligence Market, by Application, 2014 – 2025 (USD Million)
    Table 13 Artificial Intelligence Market, by Geography, 2014 – 2025 (USD Million)
    Table 14 North America Artificial Intelligence Market, 2014 – 2025 (USD Million)
    Table 15 U.S. Artificial Intelligence Market, 2014 – 2025 (USD Million)
    Table 16 Canada Artificial Intelligence Market, 2014 – 2025 (USD Million)
    Table 17 Europe Artificial Intelligence Market, 2014 – 2025 (USD Million)
    Table 18 France Artificial Intelligence Market, 2014 – 2025 (USD Million)
    Table 19 Germany Artificial Intelligence Market, 2014 – 2025 (USD Million)
    Table 20 Asia Pacific Artificial Intelligence Market, 2014 – 2025 (USD Million)
    Table 21 China Artificial Intelligence Market, 2014 – 2025 (USD Million)
    Table 22 India Artificial Intelligence Market, 2014 – 2025 (USD Million)
    Table 23 Latin America Artificial Intelligence Market, 2014 – 2025 (USD Million)
    Table 24 MEA Artificial Intelligence Market, 2014 – 2025 (USD Million)

    List of Figures
    Figure 1 Research Methodology
    Figure 2 Research Process Flow Chart
    Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
    Figure 4 Regulatory Framework Analysis
    Figure 5 Value Chain Analysis Analysis
    Figure 6 Artificial Intelligence Market, by Types, 2014 – 2025 (USD Million)
    Figure 7 Artificial Intelligence Market, by Technology, 2014 – 2025 (USD Million)
    Figure 8 Artificial Intelligence Market, by Application, 2014 – 2025 (USD Million)
    Figure 9 Artificial Intelligence Market, by Geography, 2014 – 2025 (USD Million)

    SCOPE AND OBJECTIVES :
    The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
    The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

    KEY BENEFITS OF THE REPORT :
    • In-depth analysis of the key factors are propelling the growth of the global market
    • Granular analysis of the current market scenario and the expected market grow
    • Detailed analysis of the geographic region that will witness the strongest growth
    • Highlight on the strategies that are being adopted by the key players in this market to stay competitive
    • Extensive analysis of the key players dominating the competitive landscape of this market
    RESEARCH METHDOLOGY

     

    AnalystView’s research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study involves extensive usage of secondary sources, directories, and databases (such as Hoovers, Bloomberg, and Businessweek) to identify and collect information useful to understand technical, market-oriented, and commercial aspects of market. Market data and information are also collected and not limited to secondary sources like:

    • Official Company’s Website, Financial and Annual Reporting
    • Government Statistical Data
    • Online Publishing Articles
    • Industry Player’s Investor Presentations
    • Economic News Articles
    • National and International Trade Associations
    • The Financial, Business and Mainstream Press
    • Industry Study Groups and Other Semi-Official Sources
    • Many Other Informative Channels Related to the Market Topics
    • Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary information often conflicting across multiple sources is a key aspect of the added value we provide

    In order to verify and validate secondary market data, we engage with a variety of personnel in key players at all points through phone calls, emails and web based survey responses with key opinion leaders (KoL’s) operating in the respective markets. The engagement involves the CEO, vice presidents, top-level and middle-level managers of the company, directors of marketing, product managers, brand managers, customers of major industrial products, and many others. We also interview manufacturers, distributors, materials suppliers, retailers, service operators, study groups, industry associations, and third party observers from the trade and financial press. These obtained information helped us to understand several facets of the market with respect to manufacturers’ and buyers’ perspective. These data were carefully filtered, analyzed, compared and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level and global level.

    MARKET FORECAST

    Market forecast for the respective market is primarily based on the year on year (YOY) growth rate. Data projection and future performance of each segment analyzed based on the key aspects extracted from primary and secondary research results. Thus data projection states the assumption on how the market behaves under macroeconomic and microeconomic parameters. Our market forecasting represents strategic conclusion we have reached about the coming state of the market scenario.

     MARKET ANALYSIS

    Another integral part of our research study is that AnalystView’s market data is accompanied by clear written analysis. We include detail information on market segments in terms of market drivers, market restraints and market opportunities. These offer insights of different channel dynamics, brand preference, incidence/prevalence data, technology up gradation, consumption trend, and future market scenario. We also include supporting data with any relevant awareness campaign, new introduction, regulatory norms, government initiatives, and industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.