Artificial Intelligence (AI) Market: 19.84% YOY Growth Rate in 2021 | By End-user (retail, banking, manufacturing, healthcare, and others) and Geography | Market Size, Share, Trends Analysis, and Segments Forecasts, 2021-2025 – PR Newswire

Artificial Intelligence (AI) Market Facts at a Glance-

• Total Pages: 120
• Companies: 10+ – Including Alphabet Inc., CognitiveScale, Intel Corp., International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., NVIDIA Corp., Oracle Corp., Tesla Inc., and Wipro Ltd. among others
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
• Segments: End-user (retail, banking, manufacturing, healthcare, and others)
• Geographies: North America (US), Europe (Germany, UK, and France), APAC (China), South America, and MEA

Vendor Insights-

The artificial intelligence (AI) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

• Alphabet Inc.- The company offers Cloud AutoML, Tensorflow Enterprise and other products.
• CognitiveScale- The company offers Cortex AI. It is an AI-powered multi-channel healthcare, financial services applications that helps companies reduce operational cost.
• Intel Corp.- The company offers AI Analytics Toolkit. It provides a comprehensive set of optimized Python libraries and frameworks to optimize end-to-end data pipelines. It provides other products as well.

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Regional Market Outlook

56% of the market’s growth will originate from North America during the forecast period. The US is the key market for artificial intelligence (AI) in North America. Market growth in this region will be slower than the growth of the market in other regions.

The heavy investments in R&D facilities for AI will facilitate the artificial intelligence (AI) market growth in North America over the forecast period.

Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Drivers & Trends of the Market-

• Artificial Intelligence (AI) Market Driver:
• Increasing need to prevent fraud and malicious attacks:

  The cybersecurity industry has recorded a growing number of fraud and malicious attacks, ranging from stealing personal data to important organizational information, in the past few years. AI technology help in threat detection, pattern recognition, and response time reduction. It also helps in combating threats such as distributed denial-of-service (DDoS) attacks. Organizations need to protect their internal as well as users’ data against these digital security threats. The network activity can be analyzed while also comparing data samples using predictive analytics algorithms. Prevention of fraud and malicious attacks is one of the factors driving the growth of the market during the forecast period.

• Artificial Intelligence (AI) Market Trend:
• Rise in cloud-based AI services:

  There is an increase in the demand for cloud-based Al products and services as the adoption of Al technologies in the on-premises data center is expensive. The demand for cloud-based Al products and services is inducing major public cloud players to leverage their technical expertise to offer different cloud-based Al products and services. Al-powered applications are used in a wide variety of use cases including recommendation engines, pricing optimization, lead generation, chatbots, and supply chain optimization.

Find additional information about various other market Drivers & Trends mentioned in our FREE sample report.

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Table of Contents

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Retail – Market size and forecast 2020-2025
• Banking – Market size and forecast 2020-2025
• Manufacturing – Market size and forecast 2020-2025
• Healthcare – Market size and forecast 2020-2025
• Others – Market size and forecast 2020-2025
• Market opportunity by End-user

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America – Market size and forecast 2020-2025
• Europe – Market size and forecast 2020-2025
• APAC – Market size and forecast 2020-2025
• South America – Market size and forecast 2020-2025
• MEA – Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Alphabet Inc.
• CognitiveScale
• Intel Corp.
• International Business Machines Corp.
• Microsoft Corp.
• Nuance Communications Inc.
• NVIDIA Corp.
• Oracle Corp.
• Tesla Inc.
• Wipro Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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Source: https://www.prnewswire.com/news-releases/artificial-intelligence-ai-market-19-84-y-o-y-growth-rate-in-2021–by-end-user-retail-banking-manufacturing-healthcare-and-others-and-geography–market-size-share-trends-analysis-and-segments-forecasts-2021-2025–301505699.html