Artificial intelligence and Advanced Machine Learning Market Drivers, Restraints, and Business Opportunities by 2028
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Rising volume of complex data and need for reduction in hardware costs are some key factors driving growth of the AI & advanced Machine Learning market
VANCOUVER, BC, CANADA, January 24, 2023 /EINPresswire.com/ -- Global Artificial intelligence and Advanced Machine Learning Market Research by Emerging Research is a comprehensive compilation of relevant data on the keyword industry. The report discusses the Artificial intelligence and Advanced Machine Learning Market segment and provides a detailed description of the Artificial intelligence and Advanced Machine Learning Market volume and valuation. The Artificial intelligence and Advanced Machine Learning Market scenario for the current period and the projected timeframe from 2021 to 2028 are both covered in depth in this report. The report looks at how the pandemic has affected the most important segments and regions of the market. In order to increase market share, obtain financial analysis of each segment and the whole market. Look at how you can utilize the current and potential revenue-generating opportunities available in this sector. We believe that there are significant prospects for energy storage technology in this industry due to the rapid expansion of the technology. In addition to helping you build growth strategies, improve competitor analysis, and increase business productivity, the research will also assist you in making better strategic decisions. The Artificial intelligence and Advanced Machine Learning Market report provides a comprehensive overview of past, current and forecast revenue for each vertical, segment, end-use industry, application, region, and vertical. The report conducts in-depth research on the factors affecting the expansion of the Artificial intelligence and Advanced Machine Learning Market as well as the expansion of the industry. The report details the pros and cons of the pandemic for the keyword industry. The dynamics of the keyword industry have changed due to economic volatility and supply chain disruptions.
Artificial Intelligence and ML are major drivers of hyperautomation. Hyperautomation is a mega trend in IT, according to which anything within an organization that can be automated should be automated. The COVID-19 pandemic has fueled adoption of AI and advanced ML technologies, in which is known as “intelligent process automation” and “digital process automation”. Hyperautomation can be successful only if automated business processes can adapt to changing circumstances and respond to unforeseen events. This is where AI and advanced ML come into play, through the use of which, the system can improve over time and respond to changing business processes and requirements. Rapid trend of hyperautomation is a key factor expected to propel growth of the market going ahead. Rapid digitalization is another significant driving factor supporting market growth. Rise in demand for digitalization in transportation, in hospitality and travel industries for hotel bookings and travel, and in healthcare sector in various economies across the globe has been fueling growth of the market. Artificial Intelligence with advanced ML helps in connecting companies to track and interact with consumers through cost-effective and effortless automated mechanisms. AI and advanced ML are being used in different fields; for instance, AI-enabled Chef Watson provided by IBM is being used in kitchen by sous-chef to help develop recipes and advise human colleagues on food combinations to create unique flavors. The global Artificial Intelligence (AI) & advanced Machine Learning (ML) market size is expected to reach USD 471.39 Billion at a steady CAGR of 35.2% in 2028, according to latest analysis by Emergen Research.
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The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Artificial intelligence and Advanced Machine Learning market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Artificial intelligence and Advanced Machine Learning market landscape.
The Artificial intelligence and Advanced Machine Learning research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.
The key companies studied in the report are:
NVIDIA Corporation, Prisma Labs, Inc., IBM, Google, Intel Corporation, Clarifai, Inc., Microsoft Corporation, Siemens, Netguru, and Micron Technology
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
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On the basis of type, the market is segmented into
Functions Outlook (Revenue, USD Billion; 2018–2028)
Operations
Manufacturing
Customer Support
Sales & Marketing
Research & Development
Others
Organization Size Outlook (Revenue, USD Billion; 2018–2028)
Small & Medium Enterprises
Large Enterprises
Vertical Outlook (Revenue, USD Billion; 2018–2028)
Consumer Goods & Retail
Automotive
Healthcare
BFSI
IT & Telecom
Government
Others (Education, Media & Entertainment)
In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter's Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.
The report addresses the following key points:
The report estimates the expected market size from 2020-2027
The report provides a forecast of market drivers, restraints, and future opportunities for the Artificial intelligence and Advanced Machine Learning market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
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Artificial Intelligence and Advanced Machine Learning Market Size Worth USD 471.39 Billion in 2028
