Artificial
Intelligence (AI) is the intelligence presented by machines. The factors that
propel the growth of the global Artificial Intelligence Market trends include
its extensive applications in agriculture, BSFI, manufacturing, and
implementation of Artificial Intelligence for enhancing of consumer services.
On the other hand,
there are also factors that hamper the growth of the global Artificial
Intelligence Market trends such as the high cost.
The global Artificial
Intelligence Market trends are classified on the basis of technology, offering,
end-user industry, and geography.
On the basis of
technology, the global Artificial Intelligence Market trends are classified as
deep learning, robotics, digital personal assistant, querying method, natural
language processing, and context-aware processing. Natural language processing
(NLP) technology is estimated to dominate the major share of the global Artificial
Intelligence Market trends in the coming years. The factors that attribute to
the high growth rates include high implementation of Natural language
processing (NPL) in several applications like AI-enabled smartphones, AI
robots, car-infotainment system. One of the major fuelling factors is the
implementation of Natural language processing (NLP) for enhancing consumer
services in the retail sector.
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On the basis of
offering, the global Artificial Intelligence Market trends are classified as
products and services. The products segment is further sub-classified as
hardware and software. The “services” segment is further sub-classified as
installation, training, and support & maintenance.
On the basis of
end-user industry, the global Artificial Intelligence Market is classified as
agriculture, manufacturing, oil and gas, media and advertising, BFSI,
healthcare, transportation and automotive, retail, and others. Amongst the
end-user industry, the healthcare segment projects high growth rates during the
forecast period. The factors that attribute to the high growth rates include
rising adaptation of Artificial Intelligence in patient care, diagnostic care,
and drug discovery. Artificial Intelligence is also used in advisory boards,
clinical trials, congress planning.
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