Artificial Intelligence (AI) Market Expected to Reach USD $14.2 Billion Till 2024

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Global Artificial Intelligence (AI) Market Research Report 2018-2024 provides an in-depth analysis of the North America, Europe , Middle East and Africa , Latin America , Asia Pacific, Rest of the World appraisal market by value, by volume, by segments, by number of AMCs, appraiser’s tenure, etc. The report also gives an insight of the Global addressable appraisal market opportunity.

On the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.

This report provides a detailed analysis of the Artificial Intelligence (AI) market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.

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Growth Drivers and challenges

Digitization across the globe up surged the demand for artificial intelligence. Every sector including healthcare, banking, agriculture, education and other are shifting towards digitization. Developing economies around the world are adopting smart technologies to increase the efficiency of their business which further helps to gain profitability. The shift of enterprises towards innovative and smart technology products is directly opens the door for artificial intelligence market globally. The adoption of artificial intelligence in corporate enterprises to interpret the data and to read the algorithm pattern with less time consuming methods is expected to boost the demand for artificial intelligence in these sectors. Moreover, penetration of virtual assistance or chatbots for customer assistance in various end-use industries such as banking, e-commerce and others are propelling the demand for artificial intelligence based software. The ease of operating business processes along with cost-containment is the major reason behind the growth of artificial intelligence in end-use industries. In addition to this, increasing demand for smart conversational virtual assistants and speech to speech translation is expected to bolster the growth of artificial intelligence (AI) market globally.
On the other hand, penetration of artificial intelligence in business process automation and introduction of autonomous vehicles in developed nations are the key factors which are helping the market of AI to grow exponentially and further helping the business to penetrate in autonomous automobile industry. Expansion of e-commerce sector on the back of growing trend of online shopping and growing demand for customer assistance bots with intelligence and speech recognition systems in e-commerce and banking sector are propelling the market growth of artificial intelligence in nearby future. However, huge funding associated with current research and development programs on artificial intelligence based technologies is expected to hamper the growth of AI market. The high initial investment on artificial intelligence technology are making the software and services expensive which are curbing the growth of this industry. Moreover, negative mindset towards the use of artificial intelligence in various industries and lack of awareness in undeveloped nations are some of the major factors which are hindering the growth of this market.

Essential points covered in Global Artificial Intelligence (AI) Market 2018 Research are:-

  • What will the market size and the growth rate be in 2024?
  • What are the key factors driving the global Artificial Intelligence (AI) market?
  • What are the key market trends impacting the growth of the global Artificial Intelligence (AI) market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global Artificial Intelligence (AI) market?
  • What are the market opportunities and threats faced by the vendors in the global Artificial Intelligence (AI) market?
  • What are the key outcomes of the five forces analysis of the global Artificial Intelligence (AI) market?

This independent 300 pages report guarantees you will remain better informed than your competition. With over 300 tables and figures examining the Artificial Intelligence (AI) market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader’s market revenue forecasts as well as analysis to 2024.

Furthermore, the report provides a detailed analysis of the global Artificial Intelligence (AI) market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Artificial Intelligence (AI) market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

Companies Mentioned are INFORM Software, RESA, Siemens, Ultra-Electronics, Amadeus, Ikusi, International Business Machines, Northrop Grumman, SITA

Browse Full Report at: https://www.marketinsightsreports.com/reports/120484789/global-artificial-intelligence-ai-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024             

The Artificial Intelligence (AI) market is expected to increase due to growth in GDP per-capita, international tourism, etc. Yet, the market faces some challenges such as, global economic downturn, high probability of terror attack, etc. The global Artificial Intelligence (AI) market is expected to grow at a healthy rate during the forecast period (2018-2024). The growth is expected on account of many factors, such as an increase in disposable income, increasing international inbound and outbound tourism and aging demography.

However, the market also faces some challenges, which includes increase in the number of terror attacks, heavy taxes imposed on the tour operators and seasonality dependence. Digital travel, evolution of eco-tourism and rise of adventure tourism are some of the latest trends in the global Artificial Intelligence (AI) market.

The report provides a basic overview of the Artificial Intelligence (AI) industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Artificial Intelligence (AI) industry development trends and marketing channels are analyzed.

The research includes historic data from 2014 to 2017 and forecasts until 2024 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Artificial Intelligence (AI) on the basis of stating current situation of the industry in 2018 so as to make comprehensive organization and judgment on the competition situation and development trend of Artificial Intelligence (AI) Market and assist manufacturers and investment organization to better grasp the development course of Artificial Intelligence (AI) Market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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