Artificial Intelligence Market will register a CAGR of 20% during 2020-2024. The market’s growth momentum will Accelerate.
prevention of fraud and malicious attacks will be one of the major factors driving the growth of this market. Additionally, key Artificial Intelligence (AI) Market trends such as the rise in cloud-based AI services will also influence market growth during the forecast period.
Artificial Intelligence Market Size
During the forecast period, the Artificial Intelligence (AI) Market size will grow by $ 76.44 bn.
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Artificial Intelligence Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Artificial Intelligence (AI) Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the shortage of AI experts will also challenge the growth of the companies.
Alphabet Inc. | CognitiveScale | Intel Corp. | International Business Machines Corp. | Microsoft Corp. | Nuance Communications Inc. | NVIDIA Corp. | Oracle Corp. | Tesla Inc. | Wipro Ltd..list
are some of the companies covered in Technavio’s Artificial Intelligence (AI) Market report for 2021-2025.
Artificial Intelligence (AI) Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Artificial Intelligence (AI) Market.
The North America will account for the largest Artificial Intelligence (AI) Market share and during 2021-2025, the region will contribute to 56% of the market’s growth.
In addition to regions and the key companies involved, Technavio’s Artificial Intelligence (AI) Market report also analyzes the market by Retail | Banking | Manufacturing | Healthcare | Others | North America | Europe | APAC | South America | MEA.
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