Artificial intelligence Market is one of the fastest growing network technologies in recent years. AI is associated to human intelligence with same characteristics such as understanding, language, reasoning, learning and problem solving. AI is positioned at the core of the next generation software technologies in the market. Companies such as IBM, google, Microsoft and other leading players have implemented AI as an important part of their technology. The rise in number of innovative startups has led to increase in investments in artificial intelligence technology. 

Artificial Intelligence Market Dynamics

Increased focus on providing personalized customer service in real-time drives the market growth. In todays dynamic and competitive business environment customer engagement is an important and dominant influencing factor to achieve success. The AI- integrated platform supports customer services by sort supply inquiring, augmenting messages, email phone support and assisting agents among individuals. Growing BFSI industry is expanding opportunities for the AI market. BFSI industry is likely to widen the implementation of AI. Limitations in protecting privacy is the major restraint of the artificial intelligence market. AI market is likely to face challenges regarding varying algorithms and data privacy. The tools such as recommendation engines, adtech neural networks and search algorithms exploit sensitive data of the user. Europe bought general data protection regulation, to control the misuse of personal data generated. This is hampering the demand for the technology. 

COVID-19 Impact on Artificial Intelligence Market

During the pandemic of Covid-19 artificial intelligence has shown a significant growth due to various benefits across various industries. Artificial intelligence is used worldwide due to its booming technology. It has allowed various employees t work from home in a very efficient manner as it only requires smart technologies such as PC and laptops. This pandemic has emerged as an opportunity for AI-enabled computer systems to fight against tech-giants and startup companies. The AI model used systems has been trained with the data of 5000 positive Covid-19 cases.

Get Free Sample Research Copy for More Industry Insights:

 https://www.axiommrc.com/request-for-sample/10994-artificial-intelligence-market-report

Artificial Intelligence Market Segmental Overview

The report analyses the artificial intelligence market based on technology, vertical and by geography

Artificial Intelligence Market by Technology

By technology, the global artificial intelligence market is segmented into machine learning, natural language processing, image processing and speech recognition. Machine learning segment has the highest segmental growth and is anticipated to maintain this trend for the upcoming years, owing to the growth in demand for artificial intelligence industry solutions.

Artificial Intelligence Market by Vertical

The global artificial intelligence market by vertical is classified into media advertising, BFSI, IT telecom, retail, healthcare, automotive transportation, others. IT telecom sector shows a significant growth in the past few years due to increasing demand of IT sectors. The BFSI industry is widening the implementation of AI. It is already using technology for chatbots, trading decisions, credit scoring applications and for studying financial market impact analysis. Furthermore, BFSI is using AI technology for offering personalized advice to its users regarding investment, debt management, refinancing and more.

Artificial Intelligence Market by Geography

Geographically, the artificial intelligence market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which includes Latin America, and Middle East Africa. Asia pacific is expected to the growing region in the forecast period. North America holds the largest share in the market. The market in Latin America and middle east Africa is likely to grow significantly during the forecast period. The Saudi Arabian government established Saudi Data Artificial intelligence Authority (SDAIA) to empower the market growth

Artificial Intelligence Market Key Players

Some of the major players operating in this market include Baidu (China),  Intel (US), Facebook (US),  NVIDIA (US), Samsung Electronics (South Korea), Micron Technology (US), Xilinx (US),  IBM (US), Microsoft (US), Google Inc (US), Oracle (US), Salesforce (US), Amazon Web Services (US),  SAS (US), SAP SE (Germany), General Electric (US), Cisco (US), Rockwell Automation (US), Siemens (Germany).

Buy Now and Get More Discount:

https://www.axiommrc.com/buy_now/10994-artificial-intelligence-market-report

About Us

Axiom Market Research Consulting™ is a full-service market research and data analytics company providing key market intelligence to global companies to take informed business decisions pertaining to their marketing strategy, investments, new product launches, market competition, consumer or end users, social media trends etc. 

Axiom Market Research Consulting™ offers market research services such as syndicated market research, custom market research, business consulting, and consumer/end user surveys. Under Business to Consumer (B2C) market research offerings, Axiom MRC assists its clients in finding quantitative information/preferences of its brands and services such as, awareness, usages, satisfaction, tracking, ethnicity etc. Axiom MRC offers data collection services through online surveys, social media, data processing and interpretation. 

Axiom MRC with its experienced team of research and data analysts, has delivered more than 5000+ Market Research Projects, 3800+ Data Analytics Projects, 1200+ Business Support Projects and has a 800+ Global Client Base. Axiom Market Research Consulting™ aims to become the preferred market research and data analytics company by providing key market intelligence solutions for client’s business growth.

Contact Us :

 Axiom Market Research Consulting™

3 Germay Dr. Ste 4 - 4666

Wilmington DE 19804

U.S.:- + 1 (845) 875-9786

U.K.:- + 44 (0) 20 3286 9707

Email: [email protected]

Website: https://www.axiommrc.com/

Follow On

LinkedIn: https://www.linkedin.com/company/axiom-market-research-and-consulting/

Twitter:  https://twitter.com/AxiommrcCom