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Artificial Intelligence Market by Technology (Deep Learning, Robotics, Digital Personal Assistant, Querying Method, Natural Language Processing, Context Aware Processing), Offering, End-User Industry, and Geography - Global Forecast to 2022

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Date: 29-Nov-2016
No. of pages: 182
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“Artificial intelligence market to grow at a CAGR of 62.9%”

According to the new market research report on artificial intelligence, this market is expected to be worth USD 16.06 billion by 2022, growing at a CAGR of 62.9% from 2016 to 2022. The growth of the artificial intelligence market can be attributed to the growing application of artificial intelligence in various industries and the increasing adoption of AI for improving consumer service. However, the lack of availability of low-cost and energy-efficient hardware, especially high-speed computing hardware, is hindering the growth of AI market

“Natural language processing is expected to grow at the highest rate from 2016 to 2022”

The market for natural language processing (NLP) is expected to witness fastest CAGR from 2016 to 2022. The growing adoption of NLP in various applications such as AI-powered robots, smartphones, car-infotainment systems, navigation systems, and personal assistant systems, among others is largely driving its growth. Moreover, the deep learning technology is likely to grow at the second-highest CAGR from 2016 to 2022. The growing penetration of deep learning algorithms for myriad AI applications such as voice recognition, fraud detection, voice search, recommendation engines, sentiment analysis, image recognition, and motion detection, among others is mainly driving its market growth.

“Artificial intelligence for the transportation and automotive sector held the largest market share in 2015”

The artificial intelligence market for the transportation and automotive sector held the largest market share compared to other end-user industries in 2015. The use of various AI technologies such as machine learning, natural language processing, image processing, and speech recognition for self-driving cars and the development of human-machine interface systems would drive in the growth of this segment.

“Artificial intelligence market in North America expected to grow at the highest rate”

This report covers the AI market in regions including North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market in North America is expected to grow at a high CAGR from 2016 to 2022 owing to factors such as the wide-scale adoption of AI technologies in several industries such as manufacturing, media and advertising, healthcare, BFSI, and transportation and automotive. Moreover, the presence of key industry players such as Google Inc. (U.S), IBM Corporation (U.S.), NVIDIA Corporation (U.S.), and Microsoft Corporation (U.S.) which are engaged in R&D and new product launches of AI-enabled products is further fuelling its market growth.

Breakdown of profile of primary participants:


  • By Company Type: Tier 1 - 50%, Tier 2 - 33%, and Tier 3 - 17%

  • By Designation: C level - 62%, Director level - 25%, and Others - 13%

  • By Region: North America - 40%, APAC - 25%, Europe - 20%, and RoW - 15%


The companies that are profiled in the report are IBM Corp. (U.S.), Microsoft Corp. (U.S.), Google Inc. (U.S.), Fin Genius Ltd. (U.K.), NVIDIA Corporation (U.S.), Intel Corporation (U.S.), General Vision, Inc. (U.S.), Numenta, Inc. (U.S.), Sentient Technologies (U.S.), and Inbenta Technologies, Inc. (U.S.).

Research Coverage:

The report describes various technologies associated with artificial intelligence and related developments in terms of hardware, software solutions, and associated services across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as offering, technology, end-user industry, and geography. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Reasons to Buy the Report:


  • This report includes the market statistics pertaining to technology, offering, end-user industry, and geography along with their respective revenue.

  • The Porter’s Five Forces framework has been provided along with the value chain analysis to provide an in-depth insight into the artificial intelligence market.

  • The major drivers, restraints, challenges, and opportunities for the artificial intelligence market have been detailed in this report.

  • Illustrative segmentation, analysis, and forecast for artificial intelligence markets based on technology, offering, end-user industry, and geography have been provided to give an overall view of the artificial intelligence market.

  • A detailed competitive landscape has been provided including key players, in-depth analysis, and revenue of key players.

Artificial Intelligence Market by Technology (Deep Learning, Robotics, Digital Personal Assistant, Querying Method, Natural Language Processing, Context Aware Processing), Offering, End-User Industry, and Geography - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.1.1 Geographic Scope
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Artificial Intelligence Market Expected to Prevail in North America
4.2 Market, By Technology (2016–2022)
4.3 Artificial Intelligence Market, By End-User Industry and Geography, 2016
4.4 Market, By Geography (2016)
4.5 Artificial Intelligence Market, By Offering (2016)

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Technology
5.2.2 By Offering
5.2.3 By End-User Industry
5.2.4 By Geography
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasingly Large and Complex Dataset Driving the Need for AI
5.3.1.2 Adoption of AI for Improving Consumer Services
5.3.1.3 Growing Number of AI Applications
5.3.2 Restraints
5.3.2.1 Lack of Availability of Cheaper Hardware to Develop AI-Enabled Products
5.3.2.2 Lack of Skilled Workforce
5.3.3 Opportunities
5.3.3.1 Increasing Focus on Developing Human-Aware AI Systems
5.3.3.2 Widening Scope of AI Technologies Across R&D Sector Within High-Tech End-User Industries
5.3.4 Challenges
5.3.4.1 Low Return on Investment
5.3.4.2 Creating Models and Mechanisms of Artificial Intelligence

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Key Industry Developments
6.4 Porter’s Five Forces Analysis
6.4.1 Industry Rivalry
6.4.2 Threat of Substitutes
6.4.3 Threat of New Entrants
6.4.4 Bargaining Power of Suppliers
6.4.5 Bargaining Power of Buyers

7 Artificial Intelligence Market, By Technology
7.1 Introduction
7.2 Deep Learning
7.3 Robotics
7.4 Digital Personal Assistant
7.5 Querying Method
7.6 Natural Language Processing
7.7 Context-Aware Processing

8 Artificial Intelligence Market, By Offering
8.1 Introduction
8.2 By Product
8.2.1 Hardware
8.2.2 Software
8.3 Services
8.3.1 Installation
8.3.2 Training
8.3.3 Support & Maintenance

9 Artificial Intelligence Market, By End-User Industry
9.1 Introduction
9.2 Agriculture
9.2.1 Crop Monitoring
9.2.2 Automated Irrigation/Harvesting (GPS-Enabled) Systems
9.2.3 AI-Guided Drone
9.3 BFSI
9.3.1 Wealth Management
9.3.2 Fraud Detection
9.3.3 Automated Virtual Assistants
9.4 Manufacturing
9.4.1 Robot Integrated Cim Systems
9.5 Healthcare
9.5.1 Health Assistance and Medical Management
9.5.2 Drug Development
9.6 Oil & Gas
9.6.1 Exploration and Production (E&P) Life Cycle
9.7 Media & Advertising
9.7.1 Facial Recognition Advertising
9.7.2 Customer Self-Service
9.8 Transportation & Automotive
9.8.1 Autonomous Guided Vehicles
9.8.2 Infotainment Human-Machine Interface
9.9 Retail
9.9.1 Product Recommendations
9.9.2 Autonomous In-Store Robots
9.1 Others (Law and Education)
9.10.1 Legal Informatics
9.10.2 Virtual Mentor

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 U.K.
10.3.2 Germany
10.3.3 France
10.3.4 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 South Korea
10.4.4 India
10.4.5 Rest of APAC
10.5 Rest of the World

11 Competitive Landscape
11.1 Overview
11.2 Market Rank Analysis: Artificial Intelligence Market
11.3 Competitive Situation and Trends
11.3.1 New Product Developments and Launches
11.3.2 Acquisitions
11.3.3 Collaborations & Partnerships

12 Company Profiles
12.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
12.2 Google Inc.
12.3 IBM Corporation
12.4 Microsoft Corporation
12.5 Nvidia Corporation
12.6 Intel Corporation
12.7 General Vision, Inc.
12.8 Numenta, Inc.
12.9 Sentient Technologies Holdings Ltd.
12.10 Fingenius Limited
12.11 Inbenta Technologies, Inc.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Introducing RT: Real Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables

Table 1 Currency Table
Table 2 AI Market, By Technology
Table 3 AI Market, By Offering
Table 4 AI Market, By End-User Industry
Table 5 Price Comparison: AI Hardware (Leading Players)
Table 6 Some of the Prominent Investments in AI Market in the Past Three Years
Table 7 Key Industry Trends: Development of New AI Algorithms and AI-Enabled Hardware Devices
Table 8 Artificial Intelligence Market, By Technology, 2013–2022 (USD Million)
Table 9 Artificial Intelligence Market for Deep Learning, By Offering, 2013–2022(USD Million)
Table 10 Artificial Intelligence Market for Deep Learning, By End-User Industry, 2013–2022(USD Million)
Table 11 Artificial Intelligence Market for Robotics, By End-User Industry, 2013–2022 (USD Million)
Table 12 Artificial Intelligence Market for Digital Personal Assistant, By End-User Industry, 2013–2022 (USD Million)
Table 13 Market for Querying Method, By End-User Industry, 2013–2022 (USD Million)
Table 14 Market for Natural Language Processing, By End-User Industry, 2013–2022 (USD Million)
Table 15 Artificial Intelligence Market for Context-Aware Processing, By End-User Industry, 2013–2022 (USD Million)
Table 16 Market, By Offering, 2013–2022 (USD Million)
Table 17 Market for Product, By Type, 2013–2022 (USD Million)
Table 18 Some of the Ongoing AI Software Development Projects
Table 19 Artificial Intelligence Market, By End-User Industry, 2013–2022 (USD Million)
Table 20 Artificial Intelligence Market for Agriculture, By Technology, 2013–2022 (USD Million)
Table 21 Market for Agriculture in North America, By Country, 2013–2022 (USD Million)
Table 22 Artificial Intelligence Market for Agriculture in Europe, By Country, 2013–2022 (USD Million)
Table 23 Market for Agriculture in APAC, By Country, 2013–2022 (USD Million)
Table 24 Artificial Intelligence Market for Agriculture in RoW, By Region, 2013–2022 (USD Million)
Table 25 Market for BFSI, By Technology, 2013–2022 (USD Million)
Table 26 Market for BFSI in North America, By Country, 2013–2022 (USD Million)
Table 27 Artificial Intelligence Market for BFSI in Europe, By Country, 2013–2022 (USD Million)
Table 28 Market for BFSI in APAC, By Country, 2013–2022 (USD Million)
Table 29 Artificial Intelligence Market for BFSI in RoW, By Region, 2013–2022 (USD Million)
Table 30 Market for Manufacturing, By Technology, 2013–2022 (USD Million)
Table 31 Artificial Intelligence Market for Manufacturing in North America, By Country, 2013–2022 (USD Million)
Table 32 Market for Manufacturing in Europe, By Country, 2013–2022 (USD Million)
Table 33 Market for Manufacturing in APAC, By Country, 2013–2022 (USD Million)
Table 34 Artificial Intelligence Market for Manufacturing in RoW, By Region, 2013–2022 (USD Million)
Table 35 Market for Healthcare, By Technology, 2013–2022 (USD Million)
Table 36 Market for Healthcare in North America, By Country, 2013–2022 (USD Million)
Table 37 Market for Healthcare in Europe, By Country, 2013–2022 (USD Million)
Table 38 Artificial Intelligence Market for Healthcare in APAC, By Country, 2013–2022 (USD Million)
Table 39 Market for Healthcare in RoW, By Region, 2013–2022 (USD Million)
Table 40 Artificial Intelligence Market for Oil & Gas, By Technology, 2013–2022 (USD Million)
Table 41 Market for Oil & Gas in North America, By Country, 2013–2022 (USD Million)
Table 42 Market for Oil & Gas in Europe, By Country, 2013–2022 (USD Million)
Table 43 Market for Oil & Gas in APAC, By Country, 2013–2022 (USD Million)
Table 44 Market for Oil & Gas in RoW, By Region, 2013–2022 (USD Million)
Table 45 Artificial Intelligence Market for Media & Advertising, By Technology, 2013–2022 (USD Million)
Table 46 Market for Media & Advertising in North America, By Country, 2013–2022 (USD Million)
Table 47 Artificial Intelligence Market for Media & Advertising in Europe, By Country, 2013–2022 (USD Million)
Table 48 Artificial Intelligence Market for Media & Advertising in APAC, By Country, 2013–2022 (USD Million)
Table 49 Market for Media & Advertising in RoW, By Region, 2013–2022 (USD Million)
Table 50 Market for Transportation & Automotive, By Technology, 2013–2022 (USD Million)
Table 51 Artificial Intelligence Market for Transportation & Automotive in North America, By Country, 2013–2022 (USD Million)
Table 52 Market for Transportation & Automotive in Europe, By Country, 2013–2022 (USD Million)
Table 53 Market for Transportation & Automotive in APAC, By Country, 2013–2022 (USD Million)
Table 54 Artificial Intelligence Market for Transportation & Automotive in RoW, By Region, 2013–2022 (USD Million)
Table 55 Artificial Intelligence Market for Retail, By Technology, 2013–2022 (USD Million)
Table 56 Market for Retail in North America, By Country, 2013–2022 (USD Million)
Table 57 Market for Retail in Europe, By Country, 2013–2022 (USD Million)
Table 58 Market for Retail in APAC, By Country, 2013–2022 (USD Million)
Table 59 Market for Retail in RoW, By Region, 2013–2022 (USD Million)
Table 60 Artificial Intelligence Market for Other Industries, By Technology, 2013–2022 (USD Million)
Table 61 Market for Other Industries in North America, By Country, 2013–2022 (USD Million)
Table 62 Market for Other Industries in Europe, By Country, 2013–2022 (USD Million)
Table 63 Market for Other Industries in APAC, By Country, 2013–2022 (USD Million)
Table 64 Market for Other Industries in RoW, By Region, 2013–2022 (USD Million)
Table 65 Artificial Intelligence Market, By Region, 2013–2022 (USD Million)
Table 66 Market in North America, By Country, 2013–2022 (USD Million)
Table 67 Market in Europe, By Country, 2013–2020 (USD Million)
Table 68 Market in APAC, By Country, 2013–2020 (USD Million)
Table 69 Market in RoW, By Region, 2013–2022 (USD Million)
Table 70 Ranking of the Key Players in the Artificial Intelligence Market, 2015
Table 71 New Product Launches and Developments, 2013–2016
Table 72 Acquisitions, 2013–2016
Table 73 Collaborations & Partnerships, 2013–2016

List of Figures

Figure 1 Market Segmentation
Figure 2 AI Market: Research Design
Figure 3 Data Triangulation
Figure 4 Process Flow of Market Size Estimation
Figure 5 Artificial Intelligence Market Segmentation
Figure 6 Natural Language Processing Expected to Dominate the Artificial Intelligence Market During the Forecast Period
Figure 7 Services Segment Expected to Grow at the Highest Rate During the Forecast Period
Figure 8 Market, By End-User Industry (2016 vs 2022): Transportation & Automotive Expected to Hold the Largest Market Size During the Forecast Period
Figure 9 Market, By Geography, 2015
Figure 10 Attractive Growth Opportunities in the Artificial Intelligence Market
Figure 11 Natural Language Processor Expected to Hold the Largest Market Share During the Forecast Period
Figure 12 North America Expected to Hold the Largest Share of the Artificial Intelligence Market in 2016
Figure 13 The U.S. Holds the Largest Share of the Global Market (2016)
Figure 14 Market Segmentation, By Geography
Figure 15 Growing Number of Applications of AI Technologies in Various Industry Verticals Driving the Growth of the Market
Figure 16 IP Traffic Growth Projections Till 2020
Figure 17 Value Chain Analysis: Major Value Added During Component Development and Device Integrator Phase in 2015
Figure 18 Porter’s Five Forces Analysis, 2015
Figure 19 AI Market: Porter’s Five Forces Analysis, 2015
Figure 20 Industry Rivalry Had A High Impact on AI Market in 2015
Figure 21 Threat of New Entrants Had High Impact on AI Market in 2015
Figure 22 Bargaining Power of Suppliers Had Low Impact on AI Market in 2015
Figure 23 Bargaining Power of Buyers Had Low Impact on AI Market in 2015
Figure 24 Artificial Intelligence Market, By Technology
Figure 25 Market for Natural Language Processing Technology Expected to Grow at the Highest Rate From 2016 to 2022
Figure 26 Manufacturing Industry Expected to Lead the Market for Robotics Between 2016 and 2022
Figure 27 Transportation and Automotive Would Lead the Querying Method Technology Market During 2016-2022
Figure 28 Media & Advertising Industry to Hold A Major Share of the Natural Language Processing Technology Market By 2022
Figure 29 Market for Services Segment to Grow at the Highest Rate From 2016 to 2022
Figure 30 Software Segment Held the Largest Market Share Throughout the Forecast Period
Figure 31 Artificial Intelligence Market Segmentation, By Service
Figure 32 Healthcare Industry Expected to Exhibit the Highest Growth From 2016 to 2022
Figure 33 China to Dominate the Agriculture Industry in APAC During the Forecast Period
Figure 34 Germany Expected to Lead the AI Market for BFSI From 2016 to 2022
Figure 35 The U.S. Led the Market for AI Technology in Manufacturing in 2015
Figure 36 China to Witness the Highest Growth Rate in the AI Market for Healthcare in APAC
Figure 37 Latin America Expected to Lead the Market for Oil & Gas Industry From 2016 to 2022
Figure 38 Germany Expected to Hold A Major Market Share From 2016 to 2022
Figure 39 U.S. to Hold A Major Share of the Market From 2016 to 2022
Figure 40 Germany to Hold A Major Share of the European Market Share From 2016 to 2022
Figure 41 The U.S. to Witness Significant Growth for the Other Industries From 2016 to 2022
Figure 42 Rapidly Growing Markets Such as the U.S., China, and India are Emerging as the New Hot Spots in the AI Market
Figure 43 Market in North America Expected to Grow at the Highest CAGR From 2016 to 2022
Figure 44 Demand Expected to Be Driven By the Media & Advertising Sector in North America
Figure 45 U.S. Led the North American Artificial Intelligence Market in 2016
Figure 46 Demand Expected to Be Driven By the Transportation & Automotive Sector in Europe
Figure 47 AI Market in Rest of Europe to Expected to Grow at the Highest Rate From 2016 to 2022
Figure 48 Demand Expected to Be Driven By Transportation & Automotive Sector in APAC
Figure 49 China to Hold the Major Market Share From 2016 to 2022
Figure 50 Demand to Be Driven By Transportation & Automotive Sector in Rest of the World
Figure 51 Latin America Expected to Lead the AI Market in RoW During the Forecast Period
Figure 52 Companies Adopted New Product Development as the Key Growth Strategy Between 2013 and 2016
Figure 53 Battle for Market Share: New Product Development Was the Key Strategy Between 2013 and 2015
Figure 54 Geographic Revenue Mix of Top 5 Players in 2015
Figure 55 Google, Inc.: Company Snapshot
Figure 56 Google, Inc.: SWOT Analysis
Figure 57 IBM Corporation: Company Snapshot
Figure 58 IBM Corporation: SWOT Analysis
Figure 59 Microsoft Corporation: Company Snapshot
Figure 60 Microsoft Corporation: SWOT Analysis
Figure 61 Nvidia Corporation: Company Snapshot
Figure 62 Nvidia Corporation: SWOT Analysis
Figure 63 Intel Corporation: Company Snapshot
Figure 64 Intel Corporation: SWOT Analysis

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