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Showing posts with the label artificial intelligence market insight

Artificial Intelligence Market Report: Size, Share, Trends, Demand, and Forecast

According to Goldstein Research, global artificial intelligence market size is expected to reach USD 14.2 billion by 2023 from USD 525 Milli0n in 2015, growing at a CAGR of 17.2% over the forecast period 2016-2024. Acquisition, mergers, and collaborations in IT sector is expected to boost the growth of artificial intelligence market. Artificial intelligence market segmentation has been carried out on the basis of technology type, products, services, and end-user. The natural language processing (NLP) segment is expected hold the largest share in the near future on the back of rising implementation of NLP in banking and e-commerce industry for the improvement of customer assistance. Global artificial intelligence market is dominated by North America on the back of adoption of AI technologies in various end-use industries such as manufacturing, media, and e-commerce. Moreover, North-America is one of the fastest growing markets in terms of technological advancements, business operati...