LOS ANGELES, Jan. 23, 2019 (GLOBE NEWSWIRE) -- QY Research has released a new report titled “Global Artificial Intelligence Platform Market Size, Status and Forecast 2019-2025.” As per the report, the global artificial intelligence platform market is projected to register an exponential CAGR of 48.6% during the forecast period 2019-2025. By the end of 2025, the global market is foretold to attain a value of more than US$ 77.0 Bn, increasing from an over US$ 4,800 Mn achieved in 2018.
The report is a powerful tool that interested parties can use to thoroughly understand the global artificial intelligence platform market. It discusses the current and future trends and opportunities, market challenges, growth drivers, and other factors. Furthermore, it offers accurate regional analysis of the market and pinpoints geographies that are prognosticated to take a leading position.
Global Artificial Intelligence Platform Market: Drivers and Restraints
A number of factors are foreseen to encourage growth in the global artificial intelligence platform market. Some of them are the rising need to improve customer experience, advantages of reduced cost and increased operational efficiency, swelling demand for artificial intelligence-based solutions, and rapidly increasing rate of data generation.
The need to make informed business decisions by properly analyzing large amounts of data is envisaged to increase the deployment of artificial intelligence platform in different industries, including e-commerce, retail, healthcare, and BFSI. Machine learning is one important tool predicted to gain a whole lot of demand in the global market.
However, data privacy issues and lack of skilled professionals are expected to hinder the growth of the global market. Nonetheless, emerging economies showing aggressive expansion of domestic enterprises and higher technological advancement are anticipated to create strong growth prospects in the market.
Global Artificial Intelligence Platform Market: Forecast by Type and Application
On the basis of type, the global artificial intelligence platform market is segmented into cloud-based and on-premise. By application, the global market sees a classification into image processing, text processing, and voice processing.
All of these segments are deeply evaluated for their market growth while considering different factors such as consumption, production, price, revenue, sales, and market share.
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Global Artificial Intelligence Platform Market: Forecast by Region
The report covers different regions and countries to carefully analyze the global artificial intelligence platform market: Central and South America, India, Southeast Asia, Japan, China, Europe, and the U.S.
Market analysis of each of the regions and countries mentioned above is provided in the report’s dedicated sections, where the market sizes by product type and application, key players, and overall market size for the period 2014-2019 are discussed.
Global Artificial Intelligence Platform Market: Key Players
The authors of the report profile important players of the global artificial intelligence platform market such as Brighterion, Salesforce, Intel, SAP, Microsoft, IBM, Baidu, and Google.
The competitive analysis provided in the report offers a detailed view of the vendor landscape and it could shape in the coming years. It sheds light on key strategies that leading companies have adopted or planning to adopt to cement strong positions in the global market.
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