Listen To Your Customers. They Will Tell You All About Artificial Intelligence (AI) Market

The artificial intelligence (AI) market size will grow by $ 75.54 billion during 2019-2023. The market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.
The report offers an analysis of the market by end-users (retail, banking, manufacturing, healthcare, and others) and geography (APAC, Europe, MEA, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several companies including Google LLC, IBM, Intel Corporation, Microsoft, and NVIDIA Corporation.

Market Overview

Artificial-Intelligence-Market
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from the report.

Market Competitive Analysis

The AI market is fairly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the services provided by companies, the industry analysis report will help clients identify new growth opportunities and design innovative strategies to improve their market share.
The retail segment will account for the highest artificial intelligence market share during the forecast period. The focus of retail organizations towards deploying AI for developing automated customer service agents, facilitating sales process recommendation and automation, and merchandising for omnichannel operations will drive the contribution of the end-user segment towards the growth of the AI market size.

Artificial Intelligence Market: Key Drivers and Trends

Al has evolved into an employee support system as it improves communication, completes vital tasks, and deploys health-focused strategies for well-being. Additionally, Al is also replacing workplace surveys and board-room discussions that are used to generate data on human performance across various parameters. Moreover, AI is highly-efficient when compared to manual methods as it is faster, offers customized insights to managers and HR, and helps in monitoring organization-wide performances in real-time.
In addition to the benefits of AI, the rise in cloud-based AI services will also contribute to the growth of the global AI market that will register a CAGR of over 33% during the forecast period. 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. This is inducing major public cloud players to leverage their technical expertise to offer different cloud-based Al products and services. Al-powered applications are used in a wide variety of use cases including recommendation engines, pricing optimization, lead generation, chatbots, and supply chain optimization.

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