Current Business Affairs Global Artificial Intelligence Market 2018 | Page 2

required for AI frameworks. Furthermore, service segment includes integration, installation, maintenance and support
undertakings.
Based on technology, the report includes the market share, revenue, and growth rate of each type, primarily split into
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Deep Learning
Machine Learning
Natural Language Processing
Machine Vision
The deep learning & machine learning segments are expected to cover the major investment area in AI over the forecast
period. The segment includes both AI platforms and cognitive applications (such as searching, tagging, filtering, alerting,
categorization, text and rich media analytics, clustering, question answering, hypothesis generation, visualization, and
navigation), facilitating the technological advancement of advisory, intelligent, and cognitively enabled solutions.
Machine learning segment is also anticipated to offer opportunities to retail industry by scaling human expertise with
decision support and real-time learning capabilities.
On the basis of Application, the market has been segmented into
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Manufacturing & Processing
BFSI
Oil & Gas
Healthcare
Agriculture
Automotive & Transportation
Retail
Others
AI proliferation in the end-user industries has supported organizations to achieve optimum working capabilities through
complete utilization of resources. For instance, AI technology has been adopted by various end-use industry verticals
such as manufacturing, BFSI, oil & gas, agriculture, healthcare, automotive and retail. Healthcare and manufacturing
sectors are benefited substantially owing to artificial intelligence implementation.
Geographically, the global market has been segregated into North America, Asia Pacific, Europe, the Middle East &
Africa and Latin America. Market share, revenue (Billion USD), and growth rate for these regions, from 2015 to 2025
(forecast) are:
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North America: U.S., Rest of North America
Europe: Germany, France, UK, rest of Europe
Asia Pacific: China, Japan, India and Rest of Asia Pacific
Middle East & Africa: GCC, North Africa, South Africa and Rest of MEA
Latin America: Brazil and Rest of Latin America
North America region has been predicted to have largest market share in terms of revenue, owing to the availability of
huge government funding, strong technical implementation base and leading players’ existence in the region. Moreover,
the adoption of cloud-based services in countries, such as the U.S. and Canada, has substantially contributed to the
regional growth.
In Europe region, AI deployment is expected to witness remarkable growth over the forecast period owing to growing
consumers’ awareness towards AI benefits such as easy document control and on-demand access to data. Furthermore,
various private and public organizations have been gathering domain-specific information embracing issues such as
cyber security, marketi