Technology News & Trends

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 di...

The global market for artificial intelligence is expected to witness dynamic growth over the coming years, according to a recent Transparency Market Research (TMR) report. The market’s vendor ecosystem features intense competitiveness among the players.  The leading and established vendors are in a neck-to-neck battle for the top spot. Further, small players with better geographic consolidation are expected to intensify rivalry across all the market participants. Leading vendors operating in the global artificial intelligence market include IBM Corporation, Google Inc., Next IT Corporation, Brighterion Inc., and IntelliResponse Systems Inc. According to TMR’s analysis, the global artificial intelligence market was estimated to be at US$126.24 billion in 2015, and is predicted to reach US$3,061.35 billion by 2024. Over the forecast period of 2016 to 2024, the artificial intelligence market is projected to rise at a 36.10% CAGR. The segment of digital assistance is expe...

The global market for artificial intelligence is expected to witness dynamic growth over the coming years, according to a recent Transparency Market Research (TMR) report. The market’s vendor ecosystem features intense competitiveness among the players.  The leading and established vendors are in a neck-to-neck battle for the top spot. Further, small players with better geographic consolidation are expected to intensify rivalry across all the market participants. Leading vendors operating in the global artificial intelligence market include IBM Corporation, Google Inc., Next IT Corporation, Brighterion Inc., and IntelliResponse Systems Inc. According to TMR’s analysis, the global artificial intelligence market was estimated to be at US$126.24 billion in 2015, and is predicted to reach US$3,061.35 billion by 2024. Over the forecast period of 2016 to 2024, the artificial intelligence market is projected to rise at a 36.10% CAGR. The segment of digital assistance is exp...

The global market for artificial intelligence is expected to witness dynamic growth over the coming years, according to a recent Transparency Market Research (TMR) report. The market’s vendor ecosystem features intense competitiveness among the players.  The leading and established vendors are in a neck-to-neck battle for the top spot. Further, small players with better geographic consolidation are expected to intensify rivalry across all the market participants. A key strategy adopted by vendors in the market in order to gain traction is engaging in extensive research and development activities. Vendors are investing heavily towards innovating their product offering, which could create barriers for the entry of new market players. Inculcating technological advances in the product portfolio is expected to become a vital tool for vendors to stay ahead of the curve and gain substantial market share. Leading vendors operating in the global artificial intelligence market inc...

The global market for artificial intelligence is expected to witness dynamic growth over the coming years, according to a recent Transparency Market Research (TMR) report. The market’s vendor ecosystem features intense competitiveness among the players.  The leading and established vendors are in a neck-to-neck battle for the top spot. Further, small players with better geographic consolidation are expected to intensify rivalry across all the market participants. Leading vendors operating in the global artificial intelligence marke t include IBM Corporation, Google Inc., Next IT Corporation, Brighterion Inc., and IntelliResponse Systems Inc. According to TMR’s analysis, the global artificial intelligence market was estimated to be at US$126.24 billion in 2015, and is predicted to reach US$3,061.35 billion by 2024. Over the forecast period of 2016 to 2024, the artificial intelligence market is projected to rise at a 36.10% CAGR. The two main considerations empowering m...

The global market for artificial intelligence is expected to witness dynamic growth over the coming years, according to a recent Transparency Market Research (TMR) report. The market’s vendor ecosystem features intense competitiveness among the players.  The leading and established vendors are in a neck-to-neck battle for the top spot. Further, small players with better geographic consolidation are expected to intensify rivalry across all the market participants. A key strategy adopted by vendors in the market in order to gain traction is engaging in extensive research and development activities. Vendors are investing heavily towards innovating their product offering, which could create barriers for the entry of new market players. Inculcating technological advances in the product portfolio is expected to become a vital tool for vendors to stay ahead of the curve and gain substantial market share. Leading vendors operating in the  global artificial intelligence market ...