Market Size in 2019 | Market Forecast in 2026 | CAGR (in %) | Base Year |
---|---|---|---|
USD 28.1 Billion | USD 270.3 Billion | 35% | 2019 |
The global Artificial Intelligence & Advanced Machine Learning market size which was estimated at about 28.1 (USD Billion) in 2019 and is predicted to accrue earnings worth 270.3 (USD Billion) by 2026, is set to record a CAGR of nearly over 35% during 2020-2026.
The report offers a valuation and analysis of the Artificial Intelligence & Advanced Machine Learning market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).
AI & advanced machine learning is a computer science algorithm that imitates human intelligence in machines. Apparently, the tool is programmed for creating traits such as speech recognition, problem-solving ability, reasoning, learning, and planning. Furthermore, AI & advanced machine learning provides solutions such as natural language learning, automation, and analysis to various industries. Breakthroughs in AI & advanced machine learning systems will result in it replacing the workforce and effectively performing tedious and time-consuming activities. The use of AI as well as advanced machine learning tools has resulted in cost savings for many firms.
Rapid digitization witnessed in hotel booking activities, transportation, and healthcare sectors will create lucrative growth avenues for the artificial intelligence & advanced machine learning market over the forecast timeline. Apart from this, AI along with advanced machine learning tools is assisting big & small firms in connecting to one another along with effectively tracking, following, and interacting with customers in a cost-effective manner. This will further drive the industry trends. In addition to this, escalating popularity of artificial intelligence & advanced machine learning in edge medical diagnostics, consumer electronics, advanced quantum computer tools, and personal assistants. All these aspects will steer the size of the artificial intelligence & advanced machine learning industry over the forecast timeline.
Furthermore, the surge in the use of predictive analytics & machine learning in retail and finance sectors will prompt the evolution of artificial intelligence & advanced machine learning industry over 2020-2026. Growing requirements for modifying reports, as well as dashboards and filtering them, will define the growth of the artificial intelligence & advanced machine learning market over the assessment period.
Report Attributes | Report Details |
---|---|
Report Name | Artificial Intelligence & Advanced Machine Learning Market Research Report |
Market Size in 2019 | USD 28.1 Billion |
Market Forecast in 2026 | USD 270.3 Billion |
Growth Rate | CAGR of 35% |
Number of Pages | 255 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | TIBCO Software, Inc., Oracle Corporation, Kreyon, Inc., SAP SE, ICarbonX, Intel Corporation, Waverley Software, Prisma Labs, Inc., Google, Inc., NVIDIA Corporation, WinWire Technologies Inc., Domino Data Lab, Inc., Microsoft Corporation, and Inbenta Technologies Inc. |
Segments Covered | By Vertical, By Technology, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Base Year | 2019 |
Historical Year | 2016 to 2019 |
Forecast Year | 2020 - 2026 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America To Lead Overall Market Size During 2020-2026
The growth of the artificial intelligence & advanced machine learning industry in North America over the assessment period is owing to the presence of giant firms in the countries such as Canada and the U.S. In addition to this, rise in the automation witnessed in the manufacturing sector as well as the consumer electronics goods industry will proliferate the regional industry surge over the coming years.
Key players profiled in the study and enlarging the business space are
FrequentlyAsked Questions
Rapid digitization witnessed in hotel booking activities, transportation, and healthcare sectors will create lucrative growth avenues for the artificial intelligence & advanced machine learning market over the forecast timeline.
According to Zion Market Research report, the global Artificial Intelligence & Advanced Machine Learning market Size which was estimated at about 28.1 (USD Billion) in 2019 and is predicted to accrue earnings worth 270.3 (USD Billion) by 2026, is set to record a CAGR of nearly over 35% during 2020-2026.
North America is likely to make noteworthy contributions toward overall market revenue during 2020-2026
The key players profiled in the report include are TIBCO Software, Inc., Oracle Corporation, Kreyon, Inc., SAP SE, ICarbonX, Intel Corporation, Waverley Software, Prisma Labs, Inc., Google, Inc., NVIDIA Corporation, WinWire Technologies Inc., Domino Data Lab, Inc., Microsoft Corporation, and Inbenta Technologies Inc.
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