Press Release

Artificial Intelligence Market to Grow at 60% till 2022

Growing venture capital investments, increasing technological advancements and booming autonomous vehicle market to drive global artificial intelligence market through 2022

According to TechSci Research report, Global Artificial Intelligence Market By Application, By End User, By Region, Competition Forecast & Opportunities, 2012 – 2022, the global market of artificial intelligence is anticipated to grow at a CAGR of over 60% during 2017 – 2022. Growth in the market is anticipated on account of growing demand from automotive sector and increasing adoption of artificial intelligence across various end users such as consumer electronics, BFSI, transportation, healthcare, defense & security, etc.

Browse 86 market data Tables and 90 Figures spread through 255 Pages and an in-depth TOC on "Global Artificial Intelligence Market"

https://www.techsciresearch.com/report/global-artificial-intelligence-market-by-application-image-recognition-natural-language-processing-speech-recognition-etc-by-end-user-consumer-electronics-bfsi-etc-by-region-competition-forecast-opportunities/932.html

Image recognition technology accounted for the largest share in the global market of artificial intelligence during 2012 – 2016, and the same trend is expected to continue over the next five years as well, as it is being used in many applications like systems for factory automation, toll booth monitoring, and security surveillance. Consumer electronics was the largest demand generating end use sector of artificial intelligence across the world. Technologies such as image recognition, speech recognition, gesture recognition, etc., are being equipped in consumer electronics products such as smartphones, tablets, laptops, LED LCDs, smartwatches, etc.

List of Major Acquisitions of Artificial Intelligence Companies in 2016

 

Company

Year of Acquisition

Acquirer

Api.ai

2016

Google Inc

Movidius

2016

Intel Corporation

Magic Pony

2016

Twitter Inc

Moodstocks

2016

Google Inc

SalesPredict

2016

Ebay Inc

Itseez

2016

Intel Corporation

Emotoent

2016

Apple Inc.

Crosswise

2016

Microsoft Corporation

Nexidia

2016

NICE Systems

Tuplejump

2016

Apple Inc.

Bit Stew Systems

2015

GE Digital

MetaMind

2016

Salesforce.com

Source: TechSci Research

 

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“Increasing autonomous vehicle market and growing investment into research & development are acting as major demand originating segments for artificial intelligence. Burgeoning demand for self-driven cars, unmanned aerial vehicles, civil aviation for vehicle tracking, monitoring and auto control are projected to stimulate growth in artificial intelligence market across the globe. Many companies such as Tesla Motors, Google, Apple, etc., are expected to launch their driverless cars by the end of 2018.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Artificial Intelligence Market By Application, By End User, By Region, Competition Forecast & Opportunities, 2012 – 2022 has evaluated the future growth potential of global artificial intelligence market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global artificial intelligence market.

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