Artificial Intelligence Market by Service (Robots, Speech recognition), System Type, and Application (Automotive, Healthcare) – Forecast to 2027

PUNE, MAHARASHTRA, INDIA, January 11, 2017 /EINPresswire.com/ -- Latest Industry News:

• IBM has announced about its minority ownership in UPMC’s supply chain center, Pensiamo on July 2016. IBM and UPMC are going to apply artificial intelligence machine learning solution to this supply chain center.
• Microsoft has announced on July 2016 that it is now using artificial intelligence to provide office a spell check feature on steroids.

Key Players Investing in Artificial Intelligence Market

Some of the major players in Market include:

• IBM Corporation (U.S.)
• Google Inc. (U.S.)
• Brighterion Inc. (U.S.)
• Microsoft Corporation (U.S.)
• Facebook (U.S.)
• Qualcomm (U.S.)
• Rocket Fuel Inc. (U.S.)
• Kensho Technologies, Inc. (U.S.)
• Salesforce (U.S.)
• Infosys (India)
• Sentient Technologies (U.S.)

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Market Drivers

The major growth driver of Global Artificial Intelligence Market includes growing demand for AI in sectors such as media & advertising and financial, growing need for improving productivity by organization to increase customer satisfaction, and rising IOT sector among others.

However, lack of expertise and high initial cost is one of the major factors which are hindering the growth of Artificial Intelligence Market.

Market Segmentation

Global Artificial Intelligence Market can be segmented as follows:

• Segmentation by System Type: Artificial Neural Network, Digital Assistance System, Automotive Robotics System, and Embedded System among others.
• Segmentation by Services: Speech Recognition, Gesture Control, Robots, and Language Processing among others.
• Segmentation by Application: Education, Oil & Gas, Automotive, Healthcare, Media, and Aerospace among others.

Taste the market data and market information presented through more than 60 market data tables and figures spread over 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Artificial Intelligence Market Research Report- Global Forecast to 2027”

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Regional Analysis of Artificial Intelligence Market:

North America is expected to dominate the Global Artificial Intelligence Market with the largest market share due to growing usage of AI in aviation, defence and financial sector in the region, moreover U.S. is one of the biggest market share in the region.

The reports also covers Brief Analysis of Geographical Region include:

Americas
• North America
o US
o Canada
• Latin America

Europe
• Western Europe
o Germany
o France
o U.K
o Rest of Western Europe
• Eastern Europe

Asia– Pacific
• Asia
o China
o India
o Japan
o South Korea
• Rest of Asia Pacific

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