From the Wires
Artificial Intelligence Platform Market - Expected to Reach $9.8 Billion by 2022 - Research and Markets
By: Business Wire
Dec. 7, 2017 05:45 AM
The "Artificial Intelligence Platform Market - Global Forecast to 2022" report has been added to Research and Markets' offering.
The global AI platform market is expected to grow from USD 2.61 Billion in 2017 to USD 9.88 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 30.5%
The proliferation of data generation is the major factor driving the growth of the AI platform market. To sustain in a competitive market, analysis of raw data has become important to understand the customer behavior, increasing revenue and, better decision-making, for various industry sectors. In order to achieve efficiency across business processes, enterprises need to design and layout a plan of action. This can be done by properly implementing AI platform solutions into its operations.
Slow digitization rate across emerging economies is expected to be a major restraint for the AI platform market. The technical adaptability is the significant factor in AI platform deployment process. However, emerging economies are witnessing slow growth digitalization resulting into a slow growth rate of the AI platform market.
The applications in the AI platform market include forecasts and prescriptive models, chatbots, speech recognition, text recognition, and others (face detection and sentiment analysis). Forecasts and prescriptive models help various organizations to optimize their strategy and operational efforts by providing analysis of historical data. Moreover, the models are beneficial in the analysis of total sales, customer purchase behavior and patterns, and many more. To meet these requirements, various companies are deploying AI platform tools and solutions to get maximum benefits of the technology.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Artificial Intelligence Platform Market, By Component
7 Artificial Intelligence Platform Market, By Deployment Mode
8 Artificial Intelligence Platform Market, By Application
9 Artificial Intelligence Platform Market, By End-User
10 Artificial Intelligence Platform Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/s83224/artificial
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