Artificial Intelligence Market Insights with Key Company Profiles – Forecast to 2024

The rising demand for artificial intelligence technologies can be attributed to the stellar pace of digital transformation. A range of devices and equipment function on the principle of artificial intelligence, and this is an important consideration from the perspective of market growth. Furthermore, the growing value of the artificial intelligence market is a positive sign for the digital economy. Several industries have digitalised processes, and have invested in core AI technologies. The automation industry has caused positive disruptions across key industries, paving way for the popularity of artificial intelligence technologies.

• Artificial intelligence technologies have helped in adding a new layer of security and safety to several industries. AI has helped in enhancing both physical and cyber security. Biometric sensors and identification devices are based on the concept of artificial intelligence. Moreover, high-security premises are secured with codes that function AI nodes.
• There is growing relevance of AI in the healthcare industry. The advent of digital health technologies has generated formidable revenues within the global artificial intelligence market. Moreover, automated doors used in several commercial houses function on the principle of presence-sensing. It is legit to expect that the global artificial intelligence market would grow at dramatic pace in the coming times.

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Artificial Intelligence Market Definition

• The artificial intelligence market report provides analysis of the global artificial intelligence market for the period 2017 – 2027, wherein 2018 is the base year and 2019 to 2027 is the forecast period. Data for 2017 has been included as historical information.
• The report studies the artificial intelligence market from the perspective of different type and application.

North America Artificial Intelligence Market - Snapshot

North America is seen as a new growth hub for AI technology. Asia Pacific is expected to see highest opportunity addition in the artificial intelligence market globally, with Europe being the next closest region.

Key Challenges Faced by Artificial Intelligence Market Players

• The global artificial intelligence market is currently challenged by the low upfront investment across the world. Most of the artificial intelligence companies are facing extreme difficulties in accumulating the early stage funds for research and development of prototypes and supporting technologies. Moreover, the long investment horizon for various artificial intelligence innovations is also acting as a major barrier towards the market growth. As the artificial intelligence is one of the cutting-edge technology, the interested companies may delay or reconsider the high investments.

Artificial Intelligence Market - Company Profile Snapshot

The research study includes profiles of leading companies operating in the global artificial intelligence market. Key players profiled in the report include

• QlikTech International AB
• MicroStrategy Inc.
• IBM Corporation
• Google, Inc.
• Brighterion Inc.