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Global Artificial Intelligence (AI) Market 2020-2028 Trends, Share, Growth, Opportunity and Forecasts By Stratistics MRC

2020 - 2028 Global Artificial Intelligence (AI) Market

2020 - 2028 Global Artificial Intelligence (AI) Market

HYDERABAD, TELANGANA, INDIA, February 21, 2022 /EINPresswire.com/ -- Artificial Intelligence (AI) Market Forecasts to 2028 – Global Analysis By Type (General, Narrow), Technology (Querying Method, Natural Language Generation), Offering (Software, Services) and By Geography

The Global Artificial Intelligence (AI) Market is accounted for $41.73 billion in 2020 and is expected to reach $539.44 billion by 2028 growing at a CAGR of 37.0% during the forecast period. Growing need to achieve robotic autonomy, increasing demand for analyzing and interpreting large amounts of data and increased adoption of reliable cloud applications are driving the market growth. However, limited number of AI experts, data security and privacy concerns are hampering the growth of the market. Based on the offering, the software segment is going to have lucrative growth during the forecast period due to the need for enterprises to understand and analyze visual content to gain meaningful insights is expected to spur the adoption of artificial intelligence software and parallel processing capabilities to deliver high-end AI software in dynamic end-use verticals increases the segment growth. By geography, Asia Pacific is going to have high growth during the forecast period due to the notable increase in the investments in artificial intelligence.

Some of the key players profiled in the Artificial Intelligence (AI) Market include Clarifai, Inc, Google LLC, Applied Brain Research, Microsoft, NVIDIA Corporation, Accenture, Amazon Web Services, Cisco Systems, Inc., Dell Technologies, Intel Corporation, International Business Machines Corporation (IBM), IPsoft Inc, Next IT Corporation, Oracle Corporation, and Salesforce Inc.

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