Description :
The artificial intelligence ( AI ) has been one of the most progressive technologies since its introduction in the 1950s . AI has characteristics that are similar to humans such as language understanding , reasoning , learning , problem solving , and more . Manufacturers have experienced enormous underlying intellectual challenges in the development and revision of this technology . However , it is anticipated to be a core for the next-gen software technologies as companies such as Google , IBM , Microsoft , and others are actively implementing AI as a crucial part of their technologies .
The artificial intelligence market is primarily driven by improved productivity , varied application areas , and increased customer satisfaction . However , market growth is expected to be hindered due to high upfront investment and lack of skilled workforce .
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The artificial intelligence market is segmented by technology , industry vertical , and geography . By technology , it is sub-divided into machine learning , natural language processing , image processing , and speech recognition . By industry verticals , the market is categorized into media & advertising , retail , telecom & IT , healthcare , automotive & transportation , and others ( agriculture , law , educational institutions ). Geographically , the market is analyzed across North America , Europe , Asia-Pacific , and LAMEA .
Key manufacturers in the artificial intelligence market include Google Inc ., IBM Corp ., Microsoft Corporation , IPsoft , Rocket Fuel Inc ., Qlik Technologies Inc ., MicroStrategy , Inc ., Brighterion , Inc ., 24 / 7 Customer , Inc ., and Next IT Corp .
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POTENTIAL BENEFITS FOR STAKEHOLDERS This study comprises analytical depiction of the world artificial intelligence market , with current trends and future estimations to depict the imminent investment pockets . The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market . The report presents information regarding key drivers , restraints , and opportunities with a detailed impact analysis . The current market is quantitatively analyzed from 2014 to 2022 , to highlight the financial competency of the market . Porter ’ s five forces analysis illustrates the potency of the buyers and suppliers . Value chain analysis provides a clear understanding of the roles of stakeholders involved .
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