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Artificial Intelligence Software Platform Market is Predicted to Touch USD 11.3 Billion at a Healthy 28.1?GR Between 2018- 2023


iCrowdNewswire   Jan 6, 2021  1:52 AM ET

The global artificial intelligence software platform market is predicted to touch USD 11.3 billion at a healthy 28.1%CAGR between 2018- 2023, states the recent Market Research Future (MRFR) analysis. AI software platform, simply put, is a software framework or architecture that allows the software to run on. It also includes application frameworks. Owing to its alluring features and plentiful benefits, it has wide applications in industrial automation and manufacturing, healthcare and pharmaceutical, IT and telecommunication, BFSI, transportation and automotive, retail and e-commerce, and others.

Various factors are propelling the global artificial intelligence software platform market share. According to the recent MRFR report, such factors include proliferation in data generation, demand for AI-based solutions, technological advancements in deep neural networks, and a rise in investments in R&D of AI technology.

On the contrary, data privacy issues, lack of skilled employees, and the on-going COVID-19 pandemic are factors that may limit the global artificial intelligence software platform market growth over the forecast period.

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Market Segmentation

The MRFR report highlights an inclusive segmental analysis of the global artificial intelligence software platform market based on vertical, deployment, and component.

By component, the global artificial intelligence software platform market is segmented into services and solution. The solution segment is again segmented into natural language processing, machine learning, and others. Of these, machine learning will lead the market over the forecast period.

By deployment, the global artificial intelligence software platform market is segmented into on-cloud and on-premise. Of these, the on-cloud segment will dominate the market over the forecast period.

By vertical, the global artificial intelligence software platform market is segmented into industrial automation and manufacturing, healthcare and pharmaceutical, IT and telecommunication, BFSI, transportation and automotive, retail and e-commerce, and others. Of these, the BFSI segment will have a major share in the market over the forecast period.

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Key Players

Eminent contenders profiled in the global artificial intelligence software platform market report include Digital Reasoning Systems, Inc. (US), Palantir (US), Darktrace (UK), Dataiku (US), BenevolentAI (UK), CloudMinds (US), iCarbonX (China), AIBrain (US), Babylon Health (UK), ArStudioz (India), DigitalGenius (UK), Prolitus (India), Cleo AI Ltd. (UK), ValueCoders (India), Infrrd Inc. (US), H2O.ai (US), Playment (US), Salesforce (US), Qualcomm (US), Ayasdi (US), Infosys (India), Wipro (India), Amazon Web Services (US), Google (US), SAP (US), Microsoft (US), IBM (US), Nvidia (US), and Intel (US).

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Keywords:    AI Software Platform Market, AI Software Platform Market Size, AI Software Platform Market Trends, AI Software Platform Market Growth, AI Software Platform Market Analysis, AI Software Platform Market Forecast

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