Hexa Reports Industry Artificial Intelligence Market | Page 2

Furthermore, companies are also engaging in industry consolidations in a bid to gain competitive advantages.
For instance, in January 2017, Microsoft Corporation acquired Maluuba for advancing in the deep learning and
Artificial Intelligence (AI) landscape. Existing solution providers are innovating their product portfolio to
include both hardware and software solutions.
The Asia Pacific regional market is expected to be the fastest-growing market, owing to the rapid
improvements in information storage capacity, high computing power, and parallel processing, which have
contributed to the swift uptake of artificial intelligence technology in end-use industries such as automotive
and healthcare.
AI has the potential to reduce the burden on clinicians and provide an efficient tool to workforces for
accomplishing their tasks in a better way. For instance, AI voice-enabled symptom checkers can better access
a situation and assist patients to the emergency department when immediate treatment is required. AI is
expected to resolve around 20% of unmet healthcare demands.
Request A Sample copy of This Report @
https://www.hexareports.com/report/artificial-intelligence-market/request-sample
Further key findings from the report suggest:
• Growth in the volume of data being generated from different end-use industries is expected to provide
traction to the technology adoption
• The increasing adoption of image and pattern recognition in the Asia-Pacific region is expected to provide
new growth opportunities over the forecast period.
• The North America region is one of the early adopters of advanced technologies and renders organizations
to adopt artificial intelligence capabilities at a faster pace.
• The increasing amount of digital data (in the form of speech, videos, and images, from different social media
sources such as IoT and consumer analytics) is driving the need for data mining and analytics. AI is extensively
used by several media and online services such as Google Assistant, dialogue and voice recognition of Siri,
Microsoft Cortana, image classification in Facebook & Google Photo, and Amazon's Alexa.
• The key industry participants include Atomwise, Inc., Lifegraph, Sense.ly, Inc., Zebra Medical Vision, Inc.,
Baidu, Inc., H2O ai, IBM Watson Health, NVIDIA, Enlitic, Inc., Google, Inc., Intel Corporation, and Microsoft
Corporation.
Browse More Technology Related Market Research Reports:
• 3D Printing (3DP) Market Analysis and Segment Forecasts, 2014-2025 -
https://www.hexareports.com/report/3d-printing-3dp-market
Follow Us: