Artificial intelligence (AI) market: growth rate of 19.84% in 2021 | By end user (retail, banking, manufacturing, healthcare and other) and geography

Artificial Intelligence (AI) Market Facts at a Glance-

• Total Pages: 120
• Companies: 10+ – Including Alphabet Inc., CognitiveScale, Intel Corp., International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., NVIDIA Corp., Oracle Corp., Tesla Inc., and Wipro Ltd., among others
• Blanket: Main Drivers, Trends and Challenges; Product information and news; Value chain analysis; Parent market analysis; Landscape of vendors; COVID Impact and Recovery Analysis
• segments: End user (retail, banking, manufacturing, healthcare and others)
• Geographies: North America (United States), Europe (GermanyUK and France), APAC (China), South Americaand MEA

Overview of Suppliers-

The Artificial Intelligence (AI) market is fragmented and vendors are deploying organic and inorganic growth strategies to compete in the market.

• Alphabet Inc.- The company offers Cloud AutoML, Tensorflow Enterprise and other products.
• CognitiveScale- The company offers Cortex AI. These are AI-powered multi-channel healthcare and financial services applications that help businesses reduce operating costs.
• Intel Corp.- The company offers an AI Analytics toolkit. It provides a comprehensive set of Python libraries and frameworks optimized for optimizing end-to-end data pipelines. It also offers other products.

Find additional highlights on vendors and their product offerings. Download a free sample report

Regional Market Outlook

56% of market growth will come from North America during the forecast period. The United States is the key market for artificial intelligence (AI) in North America. Market growth in this region will be slower than market growth in other regions.

Heavy investments in R&D facilities for AI will facilitate the growth of the artificial intelligence (AI) market by North America over the forecast period.

Download our FREE sample report for more key highlights on the regional market share of most of the countries mentioned above.

Latest Market Drivers and Trends-

• Artificial Intelligence (AI) Market Driver:
• Growing need to prevent fraud and malicious attacks:

  Cybersecurity the industry has seen an increasing number of fraud and malicious attacks, ranging from the theft of personal data to important organizational information, in recent years. AI technology helps in detecting threats, recognizing patterns and reducing response time. It also helps against threats such as distributed denial of service (DDoS) attacks. Organizations must protect their internal data as well as that of users against these digital security threats. Network activity can be analyzed while comparing data samples using analytic algorithms. Prevention of fraud and malicious attacks is one of the market growth drivers over the forecast period.

• Artificial Intelligence (AI) Market Trend:
• Increase in cloud-based AI services:

  There is an increase in the demand for cloud-based Al products and services, as the adoption of Al technologies in the on-premises data center is expensive. The demand for cloud-based Al products and services is driving major public cloud players to leverage their technical expertise to offer different cloud-based Al products and services. Applications powered by Al are used in a wide variety of use cases including recommendation engines, price optimization, lead generation, chatbotsand supply chain optimization.

Find additional information on various other market drivers and trends mentioned in our Sample FREE Report.

Did not find what you were looking for ? Customize report-

Don’t miss the opportunity to talk to our analyst and learn more about this market report. Our analysts can also help you customize this report to suit your needs. Our analysts and industry experts will work directly with you to understand your needs and provide you with personalized data in a short period of time.

We offer $1,000 FREE personalization value at time of purchase. Talk to our analyst now!

Here are some similar topics-

United States Wearables Market by Product and Distribution Channel – Forecast and Analysis 2022-2026: The wearables market share in the United States is expected to increase by USD 6.85 billion from 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 8.92%. For more exclusive research information: Download a free sample report

Mobile Artificial Intelligence Market by Application and Geography – Forecast and Analysis: The size of the mobile artificial intelligence market has the potential to grow by $13.26 billion and the growth momentum of the market will accelerate over the forecast period owing to the steady increase in year-on-year growth. For more exclusive research information: Download a free sample report

Contents

Abstract

Market landscape

• Market ecosystem
• Value chain analysis

Market sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market Outlook: Predictions for 2020 – 2025

Five forces analysis

• Summary of the five forces
• The bargaining power of buyers
• Bargaining power of suppliers
• The threat of new entrants
• The threat of substitutes
• Threat of rivalry
• Market state

Market segmentation by end user

• Market segments
• Comparison by end user
• Retail – Market size and forecast 2020-2025
• Bank – Market size and forecast 2020-2025
• Manufacturing – Market size and forecast 2020-2025
• Healthcare – Market size and forecast 2020-2025
• Others – Market size and forecast 2020-2025
• Market opportunity by end user

Customer landscape

Geographic landscape

• Geographic segmentation
• Geographic comparison
• North America – Market size and forecast 2020-2025
• Europe – Market size and forecast 2020-2025
• APAC – Market size and forecast 2020-2025
• South America – Market size and forecast 2020-2025
• MEA – Market size and forecast 2020-2025
• Main leading countries
• Market Opportunity by Geography
• Market factors
• Market challenges
• Market trends

Supplier Landscape

• Overview
• Landscape disturbance

Vendor analysis

• Suppliers Covered
• Positioning on the supplier market
• Alphabet Inc.
• CognitiveScale
• Intel Corp.
• International Business Machines Corp.
• Microsoft Corp.
• Nuance Communications Inc.
• NVIDIA Corp.
• Oracle Corp.
• Tesla Inc.
• Wipro Ltd.

appendix

• Report scope
• Currency conversion rates for the US dollar
• Research methodology
• Abreviations list

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

SOURCETechnavio