Artificial Intelligence Market top players include Alphabet (Google Inc.), Apple Inc., Baidu, IBM Corporation, IPsoft, Microsoft Corporation, MicroStrategy, Inc, NVIDIA Qlik Technologies Inc, Verint Systems Inc (Next IT Corp)
The artificial intelligencemarket in North America is set for rapid growth. The growth witnessed in this region is attributed to the ongoing technological advancements in the field of natural language processing, machine learning, and analytical tools. According to a published report by Fortune Business Insights, the overallartificial intelligencemarket is expected to grow from USD 20.67 Billion in 2018 to USD 202.57 Billion by 2026 at a CAGR of 33.1% during the forecast period
To Gain More Insights into the Artificial Intelligence Market Analysis, Browse Summary of the Research Report –https://www.fortunebusinessinsights.com/industry-reports/artificial-intelligence-market-100114
List of Key Players Mentioned:
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
“The Natural Language Processing Segment to Witness Growth Driven by Extensive Usage of AI”
The report classifies the global artificial intelligence (AI) market on the basis of components, technology, industry vertical, and geography. In terms of technology, the market is divided into machine learning, computer vision, natural language processing, and others. Out of these, the natural language processing segment is expected to gain the highest share of the global artificial intelligence (AI) market during the forecast period. This will occur because of the application of AI techniques in analyzing natural language in spoken as well as written forms.
Request a Sample Copy for more detailed Artificial Intelligence Market Overview –https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/artificial-intelligence-market-100114
“Google, Amazon and Other Prominent Market Players to Gain Competitive Edge Through Innovative Product Launches and Strategic Partnerships”
In January 2017, Google launched its Cloud AutoML. It uses Google’s Cloud Vision application programming interface and Cloud Machine Learning Engine service. AutoML is used by several prominent companies, such as Urban Outfitters and Disney. It is making search and shopping on their particular websites more relevant. It also supports image recognition that allows consumers to drag the images and train their systems to recognize those on Google cloud. In October 2018, Amazon started providing AI-as-a-service under its AWS banner with ‘Amazon AI’. The company will begin expanding the global AI market through this strategy. The system will allow developers to build applications with various tools. AstraZeneca plc, a multinational pharmaceutical and biopharmaceutical company, based in the U.K., announced that it has partnered with Ali Health, a subsidiary of Alibaba, earlier in 2018. The aim of the collaboration was to develop an AI-enhanced diagnostics and screenings applications in China.
Analysis by Market Segmentation:
“Increasing Adoption of Cloud-based Applications and Services to Propel the Market”
The report suggests that a rise in the demand for intelligent virtual assistants is likely to boost the global artificial intelligence (AI) market growth. Additionally, expansion of the connected device market, increasing investments in 5G technology, and rising adoption of cloud-based services and applications will contribute to the growth. However, at present, the number of experts working in the field of AI technology is very limited. This is why artificial intelligence market is facing numerous challenges in recent years. Unreliability of AI algorithms and data privacy are two of the most concerning factors affecting the AI market. There is a huge potential for improvements in customer service in the retail sector. Combined with this, improvements in efficiency in the manufacturing industry will also occur. There is also a rise in the number of personalized and high-quality AI-enhanced products in the market which will also contribute to the overall global market growth.
Speak to our Analyst for any Queries about Artificial Intelligence Market Research Report –https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/artificial-intelligence-market-100114
Major Table of Contents:
TOC Continued…!
Purchase Full Report for Exclusive Artificial Intelligence Market Growth Forecast –https://www.fortunebusinessinsights.com/checkout-page/100114
Other Exclusive Reports:
Global Video on Demand Market to Exhibit 9% CAGR, Internet Penetration to Drive the Market
At 7% CAGR, Global Push-To-Talk Market to Exhibit Steady Growth through 2025
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
Contact:Name: Ashwin AroraEmail:sales@fortunebusinessinsights.comPhone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Artificial Intelligence Market Future Prospects, Growth And Outlook (2020-2026) | Fortune Business Insightsâ„¢