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Home»Mobile»Artificial Intelligence (AI) Market: 19.84% Y-O-Y Growth Rate in 2021 | By End-user (retail, banking, manufacturing, healthcare, and others) and Geography
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Artificial Intelligence (AI) Market: 19.84% Y-O-Y Growth Rate in 2021 | By End-user (retail, banking, manufacturing, healthcare, and others) and Geography

By mulegeek-March 22, 2022No Comments6 Mins Read
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Artificial Intelligence (AI) Market Facts at a Glance-

  • Total Pages: 120
  • Companies: 10+ – Including Alphabet Inc., CognitiveScale, Intel Corp., International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., NVIDIA Corp., Oracle Corp., Tesla Inc., and Wipro Ltd. among others
  • Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
  • Segments: End-user (retail, banking, manufacturing, healthcare, and others)
  • Geographies: North America (US), Europe (Germany, UK, and France), APAC (China), South America, and MEA

Vendor Insights-

The artificial intelligence (AI) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

  • Alphabet Inc.- The company offers Cloud AutoML, Tensorflow Enterprise and other products.
  • CognitiveScale- The company offers Cortex AI. It is an AI-powered multi-channel healthcare, financial services applications that helps companies reduce operational cost.
  • Intel Corp.- The company offers AI Analytics Toolkit. It provides a comprehensive set of optimized Python libraries and frameworks to optimize end-to-end data pipelines. It provides other products as well.

Find additional highlights on the vendors and their product offerings. Download Free Sample Report

Regional Market Outlook

56% of the market’s growth will originate from North America during the forecast period. The US is the key market for artificial intelligence (AI) in North America. Market growth in this region will be slower than the growth of the market in other regions.

The heavy investments in R&D facilities for AI will facilitate the artificial intelligence (AI) market growth in North America over the forecast period.

Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Drivers & Trends of the Market-

  • Artificial Intelligence (AI) Market Driver:
    • Increasing need to prevent fraud and malicious attacks:

      The cybersecurity industry has recorded a growing number of fraud and malicious attacks, ranging from stealing personal data to important organizational information, in the past few years. AI technology help in threat detection, pattern recognition, and response time reduction. It also helps in combating threats such as distributed denial-of-service (DDoS) attacks. Organizations need to protect their internal as well as users’ data against these digital security threats. The network activity can be analyzed while also comparing data samples using predictive analytics algorithms. Prevention of fraud and malicious attacks is one of the factors driving the growth of the market during the forecast period.

  • Artificial Intelligence (AI) Market Trend:
    • Rise in cloud-based AI services:

      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. The demand for cloud-based Al products and services 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.

Find additional information about various other market Drivers & Trends mentioned in our FREE sample report.

Didn’t Find What You Were Looking For? Customize Report-

Don’t miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now!

Here are Some Similar Topics-

Wearables Market in US by Product and Distribution Channel – Forecast and Analysis 2022-2026: The wearables market share in the US is expected to increase by USD 6.85 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.92%. To get more exclusive research insights: Download Free Sample Report

Mobile Artificial Intelligence Market by Application and Geography – Forecast and Analysis: The mobile artificial intelligence market size has the potential to grow by USD 13.26 billion and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth. To get more exclusive research insights: Download Free Sample Report

Artificial Intelligence (AI) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 21%

Market growth 2021-2025

$ 76.44 billion

Market structure

Fragmented

YoY growth (%)

19.84

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 56%

Key consumer countries

US, China, Germany, UK, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alphabet Inc., CognitiveScale, Intel Corp., International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., NVIDIA Corp., Oracle Corp., Tesla Inc., and Wipro Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Retail – Market size and forecast 2020-2025
  • Banking – Market size and forecast 2020-2025
  • Manufacturing – Market size and forecast 2020-2025
  • Healthcare – Market size and forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market opportunity by End-user

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Alphabet Inc.
  • CognitiveScale
  • Intel Corp.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Nuance Communications Inc.
  • NVIDIA Corp.
  • Oracle Corp.
  • Tesla Inc.
  • Wipro Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

Technavio
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