The artificial intelligence Market represents a combination of various technologies including Machine Learning, Deep Learning, Natural Language Processing, Computer Vision, Speech Recognition, Context Aware Processing, Neural Network, and Predictive APIs. AI will transform more than 90% of large organizations across consumer, enterprise, industrial, and government sectors.
The artificial intelligence market is currently very fragmented, characterized with most companies focusing on a silo approaches to solutions. Longer term, Mind Commerce sees many solutions involving multiple AI types as well as integration across other key areas such as the Internet of Things (IoT) and data analytics. It is important to consider AI support of various apps and services, as well as AI integration with other technologies such as Big Data, IoT, and Blockchain.
Artificial Intelligence Market Dynamics
One of the primary drivers for AI is automated machine-driven decisions. Consequently, AI is rapidly making its way into many advanced solutions including autonomous vehicles, smart bots, advanced predictive analytics, and more. AI is also increasingly integrated in many areas including Internet search, entertainment, commerce applications, content optimization, and robotics. IoT and Robotics are working hand-in-hand to transform consumer, enterprise, and industrial markets.
Both technologies benefit greatly from the integration of AI and leveraging Data Analytics for improved operations as well as identifying potential problems and opportunities. Developments in AI and Cognitive Computing support inclusion of these technologies with virtually every type of robot including general purpose bots that act on behalf of their owner. AI is also becoming embedded and/or associated with many applications, services, products, and solutions.
Artificial Intelligence Market for Consumers
Consumer-facing apps and services supported by AI are many and varied including chatbots and Virtual Personal Assistants (VPA) in support of customer care and lifestyle enhancement. The automobile industry is another example in which, AI is becoming increasingly useful, both in the near-term for solutions such as inclusion of VPAs, and longer term use cases such as AI support of self-driving vehicles. Another consumer market area in which AI will be integrated is wearable technology. As wearables become more main stream, and integrate into everyday life with increasing dependency, there will be a need for integration with Artificial Intelligence, Big Data, and Analytics.
Artificial Intelligence Market for Enterprise
AI is expected to have a big impact on data management. However, the impact goes well beyond data management as we anticipate that these technologies will increasingly become part of every network, device, application, and service. One area important to enterprise will be Intelligent Decision Support Systems (IDSS), which are a form of Expert System which utilize AI to optimize decision making. IDSS will be used in many fields including agriculture, medicine, urban development, and other areas. IDSS will also be used in policy making and strategy at the highest levels of enterprise as well as governmental organizations.
Artificial Intelligence Market Report
This report provides a multi-dimensional view into the AI market including analysis of embedded devices and components, embedded software, and AI platforms. This research also assesses the combined Artificial Intelligence (AI) marketplace including embedded IoT and non-IoT devices, embedded components (including AI chipsets), embedded software and AI platforms, and related services.
The report evaluates leading solution providers including hardware, software, integrated platforms, and services. The report includes quantitative analysis with forecasts covering AI technology and systems by type, use case, application, and industry vertical. Forecast also cover each major market sector including consumer, enterprise, industrial, and government. The report also includes specific industry recommendations with respect to Artificial Intelligence hardware, software and services.
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