Global Artificial Intelligence Market Research Report (2017-2023): Forecast to Reach $36 Billion by 2025 - Research and Markets

DUBLIN--()--The "Global Artificial Intelligence Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to Research and Markets' offering.

The global artificial intelligence market is anticipated to expand at a CAGR of 62% during the forecast period 2016-2023 and is projected to hit $36 billion by 2025. Due to hardware advantages, superior processing power, superior serial and parallel power and excellent memory power due to recent advancements in the computer power and several other benefits.

North America has the largest market for artificial intelligence and occupied 38% of total market share in 2015 as all the elite market players are in U.S. Factors that attribute to the growth of North America include high-tech developments of artificial intelligence in various fields. Demand in Europe is mainly due to scalability of developed advanced solutions.

Asia Pacific is expected to exhibit a promising growth due to increasing demand for artificial intelligence in the automation for various manufacturing and processing industries which is encouraging the deployment of smart robots to increase work rate. Market growth in MEA is primarily driven by the growth of aviation programs and technological advancements in the field across the region which in turn is encouraging companies to invest in artificial intelligence technologies.

Growth in global artificial intelligence market is influenced by the presence by the presence of major market players such as Google Inc (U.S), Microsoft Inc. (U.S), Apple Inc. (U.S), Nvidia Corporation (U.S), Shell Oil Company (U.S) etc. Product launches, Joint ventures, Mergers and Acquisitions are some of the crucial strategies adopted by the leading companies to gain competitive advantage.

Companies Mentioned

  • 24/7 Customer Inc. (U.S)
  • Apple Inc. (U.S.)
  • Google Inc. (U.S.)
  • IBM Corporation (U.S. )
  • Intel Corporation(U.S.)
  • Ipsoft (U.S.)
  • Microsoft Inc. (U.S.)
  • Microstrategy Inc. (U.S.)
  • Next It Corporation (U.S. )
  • Nvidia Corporation (U.S.)
  • Qlik Technologies (U.S.)
  • Rocket Fuel Inc. (U.S.)
  • Shell Oil Company (Netherlands )
  • Skype (Luxembourg )
  • Uber (U.S.)

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographical Analysis

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/9flhdk/global_artificial

Contacts

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Laura Wood, Senior Manager
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Related Topics: Artificial Intelligence

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Artificial Intelligence