The global Artificial Intelligence (AI) & advanced Machine Learning (ML) market size is expected to reach USD 471.39 Billion at a steady CAGR of 35.2% in 2028, according to latest analysis by Emergen Research. The app uses ML to predict patients who are contemplating suicide. Rise in demand for digitalization in transportation, in hospitality and travel industries for hotel bookings and travel, and in healthcare sector in various economies across the globe has been fueling growth of the market.Hyperautomation can be successful only if automated business processes can adapt to changing circumstances and respond to unforeseen events.Artificial Intelligence (AI) & advanced Machine Learning (ML)Market Size USD 42.18 Billion in 2020, Market Growth at a CAGR of 35.2%, Market Trends Increased demand from BFSI sector. The latest research report serves as a perfect example of the precise analysis of the global Artificial intelligence and Advanced Machine Learning market.Artificial Intelligence with advanced ML helps in connecting companies to track and interact with consumers through cost-effective and effortless automated mechanisms. Rapid digitalization is another significant driving factor supporting.
The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. AI and advanced ML are being used in different fields; for instance, AI-enabled Chef Watson provided by IBM is being used in kitchen by sous-chef to help develop recipes and advise human colleagues on food combinations to create unique flavors.This is where AI and advanced ML come into play, through the use of which, the system can improve over time and respond to changing business processes and requirements. Rising volume of complex data and need for reduction in hardware costs are some key factors driving growth of the Artificial Intelligence & advanced Machine Learning market.The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.
Key players in the market include NVIDIA Corporation, Prisma Labs, Inc., IBM, Google, Intel Corporation, Clarifai, Inc., Microsoft Corporation, Siemens, Netguru, and Micron Technology.
Emergen Research has segmented the global Artificial Intelligence & advanced Machine Learning market on the basis of functions, organization size, vertical, and region:
Functions Outlook (Revenue, USD Billion; 20182028)
Operations
Manufacturing
Customer Support
Sales & Marketing
Research & Development
Others
Vertical Outlook (Revenue, USD Billion; 20182028):
End-Use Outlook (Revenue, USD Billion; 2017-2027):
Consumer Electronics
High-End Networks
Automotive
Others
The report considers the following timeline for market estimation:
Historical Years: 2017-2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020-2027
Highlights of the TOC:
1. Report Overview 1.1 Research Scope 1.2 Key Artificial Intelligence market segments 1.3 Major players 1.4 Market analysis by product 1.5 Market analysis by application 1.6 Report timeline
2. Global Growth Trends 2.1 Global Artificial Intelligence market size 2.2 Latest Artificial Intelligence market trends 2.3 Key growth trends
3. Competitive Landscape 3.1 Global Artificial Intelligence market key players 3.2 Global Artificial Intelligence size by manufacturers 3.3 Products of major players 3.4 Entry barriers in the Artificial Intelligence market 3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Key Questions Answered in the Report:
What is the growth rate of the Artificial intelligence and Advanced Machine Learning market? What is the anticipated market valuation of Artificial intelligence and Advanced Machine Learning industry by 2027?
What are the key growth driving and restraining factors of the Artificial intelligence and Advanced Machine Learning market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Artificial intelligence and Advanced Machine Learning industry over the forecast period?
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.