Artificial Intelligence Market to grow at a CAGR of ~24.5%

1. ICT Arti?cial Intelligence Market is projected to expand at a CAGR of 24.5% from 2019 to 2027 August 25, 2021  Transparency Market Research delivers key insights on the global arti?cial intelligence market. In terms of revenue, the global arti?cial intelligence market is estimated to expand at a CAGR of ~29% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global arti?cial intelligence market. Arti?cial intelligence is a fast emerging technology, dealing with development and study of intelligent machines and software. These software are being used across various applications such as manufacturing (assembly line robots), medical research, and speech recognition systems. Replacement of workers with advanced manufacturing robots can be seen as one of the signi?cant trends in the global arti?cial intelligence market. Arti?cial intelligence is being applied to robots to provide better intellectual, reasoning, and thinking abilities to enable real-time response. Moreover, these robots can be trained as required and have the capability to carry out any conversation and recalling historical details. As a result, the market is anticipated to witness a healthy growth rate during the forecast period. Buy Our Premium Research Report at - https://www.transparencymarketresearch.com/checkout.php?rep_id=4674&ltype=S Arti?cial Intelligence Market: Dynamics Availability of enormous amount of data and advancement in next-generation computing architecture: Data scientists need enough data for precise accuracy and e?ciency to train machine learning models. The growing adoption of cloud for storage of data enables easy access of data for data scientists and research facilities for research. Hence, easy availability of data to research facilities to train machine learning/arti?cial intelligence models to solve complex problems is expected to boost the arti?cial intelligence market. Additionally, growing innovation in processors such as Graphics Processing Unit (GPU) and Field Programmable Gate Array (FPGA) for computing work such as training machine learning models is likely to increase the demand for advanced arti?cial intelligence platforms in the upcoming years. Traditional CPUs are unable to manage development of machine learning models. However, GPUs come with a huge number of cores that accelerates the machine learning training process. GPUs are the key to arti?cial intelligence from consumer devices to virtual machines in the public cloud. Furthermore, availability of bare metal servers is pulling in researchers and scientists to run high-performing computing tasks in the cloud. Virtual machines experience impacts due to the shared and multi-inhabitant framework. Hence, some technology giants such as IBM and Amazon are promoting and advancing bare metal servers. Thus, advancement in computing architecture is expected to propel the adoption of arti?cial intelligence across various industries. Request a sample-  https://www.transparencymarketresearch.com/sample/sample.php??ag=S&rep_id=4674 Arti?cial Intelligence Market: Prominent Regions North America held a major share of the arti?cial intelligence market in 2020 and is expected to maintain its dominance during the forecast period. North America is projected to hold a strong position in the global arti?cial intelligence market during the forecast period, due to technological advancements; increased digitization; presence of a large number of arti?cial intelligence service providers; and the most competitive and rapidly changing global market in the world for improving arti?cial intelligence strategy and implementation tools. It was the ?rst region to launch arti?cial intelligence and focus extensively on innovations from R&D. However, the Asia Paci?c (APAC) region is expected to emerge as the global leader in the arti?cial intelligence (AI) market during the forecast period, largely due to extensive government policies and investment. Arti?cial intelligence is not a new technology in Asia Paci?c, as many countries in the region such as China, India, Australia, and Japan have signi?cantly adopted the arti?cial intelligence technology. Economies in Asia Paci?c, both emerging and mature, are adopting arti?cial intelligence across ?nance, healthcare, retail, transport, manufacturing, agriculture, and other strategic industries. Moreover, governments of China, Singapore, and South Korea are investing heavily in building arti?cial intelligence ecosystems through which arti?cial intelligence-driven companies can enhance their growth, so as to become more mature business models across the globe. Ask for brochure - https://www.transparencymarketresearch.com/sample/sample.php??ag=B&rep_id=4674 Arti?cial Intelligence Market: Key Players Key players operating in the global arti?cial intelligence market are Amazon Web Services (AWS), Brighterion, Inc., eGain Corporation, Google, Inc., IBM Corporation, Intel Corporation, IntelliResponse Systems Inc., Micron Technology, Microsoft Corporation, MicroStrategy, Inc., Next IT Corporation, Nuance Communications, Nvidia Corporation, Oracle Corporation, QlikTech International AB, Samsung Electronics SAP SE, and Xilinx, Inc. Read our latest Press Release -  https://www.prnewswire.com/news-releases/increase-in-demand-for-high-precision-in-miniaturization-process-of- semiconductor-industry-to-fuel-growth-of-optical-metrology-market--tmr-insights-301348256.html Enter your comment... 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