Artificial Intelligence (AI) is the intelligence presented by machines. The factors that propel the growth of the global Artificial Intelligence Market trends include its extensive applications in agriculture, BSFI, manufacturing, and implementation of Artificial Intelligence for enhancing of consumer services.
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The global Artificial Intelligence Market trends are classified on the basis of technology, offering, end-user industry, and geography. On the basis of offering, the global Artificial Intelligence Market trends are classified as products and services. The products segment is further sub-classified as hardware and software. The “services” segment is further sub-classified as installation, training, and support & maintenance.
On the basis of end-user industry, the global Artificial Intelligence Market is classified as agriculture, manufacturing, oil and gas, media and advertising, BFSI, healthcare, transportation and automotive, retail, and others. Amongst the end-user industry, the healthcare segment projects high growth rates during the forecast period. The factors that attribute to the high growth rates include rising adaptation of Artificial Intelligence in patient care, diagnostic care, and drug discovery. Artificial Intelligence is also used in advisory boards, clinical trials, congress planning.
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The “agriculture” segment is further sub-classified as crop monitoring, automated irrigation/harvesting (GPS-Enabled) systems, and AI-guided drones. The “manufacturing” segment is further sub-classified as robot-integrated CIM systems. The “oil and gas” segment is further sub-classified as exploration and production (E&P) life cycle. The “media and advertising segment” is further sub-classified as facial recognition advertising and customer self-service.
Some of the prominent players that fuel the growth of the global Artificial Intelligence Market Report include Intel Corporation, General Vision, Inc., Numenta, Inc., IBM Corp., Microsoft Corp., Google Inc., Sentient Technologies, Inbenta Technologies, Inc., FinGenius Ltd., and NVIDIA Corporation.
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