Artificial Intelligence Market Growth Trends & Forecast till 2026

Stratview Research has published a new report titled “Artificial Intelligence Market” which is segmented By Solution (Hardware, Software, Services), By Technology (Deep Learning, Machine Learning, Natural Language Processing, Machine Vision), By End Use (Healthcare, BFSI, Law, Retail, Advertising & Media, Automotive & Transportation, Agriculture, Manufacturing, Others) and Region.

Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.

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The market is bifurcated into various segments. Below given is the segment-wise analysis -

Solution Trends - Based on solution, the artificial intelligence market has been classified into hardware, software, and services. Under these, the software segment held a significant market share of around 39% in 2020. This is mainly attributed to practical improvements in high computing power, information storage capacity, and parallel processing capabilities to offer high-end AI software in dynamic industries, which boosts the segment growth.

Which Region is expected to remain the largest market?

By region, the North America market held the highest market share of over 40% in 2020 and is projected to grow at a fastest CAGR in the coming years. This is ascribed to large presence of major players, favorable government initiatives to promote the adoption of artificial intelligence (AI) across different verticals, which bolsters the regional market growth.

Who are the Key Players in the Market?

This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Artificial Intelligence Market:

• IBM Corporation (US)
• Intel Corporation (US)
• Microsoft Corporation (US)
• Google LLC (US)
• Amazon Web Services Inc. (US)
• Oracle Corporation (US)
• Salesforce.com Inc. (US)
• SAP SE (Germany)

Key questions answered by the report

• What is the projected CAGR for revenue from the Artificial Intelligence Market during the forecast period?
• What would be the market be valued at by 2027?
• What is a major driving factor for growth of the market?
• Which region accounted for largest revenue share in the Artificial Intelligence Market?
• Which are the major market players?

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