Artificial Intelligence (AI) Market: Industry Insights, Outlook and Forecast upto 2016 - 2024

-
Global Artificial Intelligence Market: Overview
According to a new market report pertaining to the global artificial intelligence market published by Transparency Market Research the global artificial intelligence market is projected to reach US$ 5,508.4 Bn by 2027. The artificial intelligence market is projected to expand at a CAGR of 24.5% from 2019 to 2027. Increasing dependency over automation is expected to drive the growth of the market. Over the forecast period, North America is anticipated to have the largest market share whereas Asia Pacific is expected to grow at the highest rate.
  • Companies leveraging on disruptive technologies for effective customer reach - Most companies are currently leveraging on new and innovative disruptive technologies to reach out to customers. These marketing activities include social, mobile, analytics, and cloud (SMAC) which helps in transforming the enterprise into a global digital business. In social activities, the different networking sites are monitored, and relevant or raw information is collected in the virtual format. Pervasive analytics and embedded analytic solutions are deployed for analyzing the information, and relevant marketing information is shared over the cloud database with customers. 
  • The SMAC process is continuously evolving on a daily basis. Disruptive technologies are expected to drive the demand for artificial intelligence solutions among companies investing in online marketing activities. For instance, several leading E-commerce companies such as Amazon, Flipkart are currently focusing on tapping SMAC capabilities to enhance their online shopping experience through artificial intelligence. The driver is anticipated to have a high impact throughout the forecast period from 2019 to 2027.
Request For Covid19 Impact Analysis Across Industries And Markets @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=4674

  • Expanding application base of artificial intelligence solutions - With the growing advancements in big data analytics, the widening application base of artificial intelligence solutions can be seen as a major factor which is driving the global artificial intelligence market. Majority of the applications of artificial intelligence can be observed across sectors such as health informatics, BFSI, E-commerce, and retail, among others.  
  • For instance, in 2013, London Brand Management Ltd. developed an innovative artificial solution to promote BMW’s first electric production car with the help of an automated information service for UK customers. In the healthcare sector, artificial intelligence solutions are being utilized for different purposes including medical diagnosis, and medical data processing and analysis, among others. 
  • Artificial intelligence solutions usually work alongside doctors in order to provide highest care quality. Moreover, in the banking and financial sector, the artificial intelligence systems can be used to ensure minimum risk by identifying all the potential threats through the extensive analysis of historical and existing data or information. The widening application base of artificial intelligence solutions is encouraging enterprises across the world to increase their IT spending across these sectors including healthcare, finance, and E-commerce, among others.

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation market is a
Read more

Military Land Vehicle Electronics Market: Latest Trends and Forecast Analysis up to 2019 - 2027

-
Global Military Land Vehicle Electronics Market – Introduction Military land vehicle electronics are used in military land vehicles to enable navigation, communication, and observation in the exchange of intra-vehicular or inter-vehicular information. They are used in the military to increase warfare capabilities in surveillance, intelligence, and reconnaissance missions. This is expected to enhance the demand for military land vehicle electronics across the world.  The growing trend of an open reference architecture system is augmented by an increasing need for military land vehicle electronics, which is turn is expected to fuel the market. Besides, armored fighting vehicles (AFVs) are equipped with networked information technology, so as to provide them with combat capabilities and optimal situational awareness. This in turn is expected to boost the military land vehicle electronics market over the forecast period. Key Drivers of the Military Land Vehicle Electronics Market
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. Incr
Read more