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Published bySakshi Bhargava Modified over 5 years ago
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Artificial Intelligence Market Report 2019-2024: Trends, Forecast and Competitive Analysis 1
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Industry Profiles Snapshot Major ParameterDescription Market Segments by End Use Industry Media and advertising, security, automotive, healthcare, retail, fintech, manufacturing and others Market Segments by Technology Machine learning, natural learning processing, and others Market Segments by Product and Service Hardware, software, and service Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name Intel, IBM, Amazon, Facebook, NVIDIA, Apple, Microsoft, General Electric, and NEC Corporation and others. Trend Growth Rate and CAGR26% Key Industry Forecast The global artificial intelligence market is expected to reach $71 billion by 2024 with a CAGR of 26% from 2019 to 2024. Key Industry Driver Driver: Increasing demand for virtual assistance for easy accessibility of services and growing adoption of cloud-based technology. 2
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Industry Overview Market Size The global artificial intelligence market is expected to reach $71 billion by 2024 with a CAGR of 26% from 2019 to 2024. Emerging trends, which have a direct impact on the dynamics of the artificial intelligence industry, include growing adoption of artificial intelligence in IoT applications and increasing demand for AI-enabled processors. Market Size (2024)$71 billion CAGR (2019-24)26% 3 Industry Performance : Forecast
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