Artificial Intelligence Market to Experience Massive Growth of 62.9% CAGR by 2022

 

Artificial Intelligence for Healthcare Industry is expected to grow at a CAGR of 52.68%

PUNE, India, November 13, 2017 /PRNewswire/ --

The global artificial intelligence (chipsets) market is projected to be worth USD 16.06 Billion by 2022, registering a CAGR of 62.9% CAGR between 2016 and 2022. This market is witnessing immense growth, mainly due to the growing number of applications of AI in various end-user industries and large and complex datasets. Moreover, the rising adoption of AI-enabled products and software tools is also expected to boost the growth of this market.

     (Logo: : http://photos.prnewswire.com/prnh/20160303/792302 )

Other current and future trends in detail are presented in Artificial Intelligence (Chipsets) Markets, 2nd Edition, a new study by MarketsandMarkets™.

Artificial intelligence (chipsets) market to flourish in North America by 2022 

Among regions, the market for AI (chipsets) in North America held the largest share in 2015, and is also predicted to grow at the highest CAGR. This growth can be majorly attributed to the growing applications of AI in various end-user verticals such as media and advertising, agriculture, BFSI, retail, transportation and automotive, and consumer electronics. Apart from this, the presence of a number of multinational and domestic AI products and software development companies is also driving this market towards good growth ahead.

More information about this study is here:
http://www.marketsandmarkets.com/Market-Reports/artificial-intelligence-market-74851580.html

Among technology, natural language processing (NLP) to be the largest market during 2016-2022 

Natural language processing technology segment is expected to lead the market with the largest share over the forecast period, owing to increased adoption and implementation in order to enhance the consumer services in the retail sector. Along with this, adoption of NLP in various applications such as car infotainment systems, AI robots, and AI-enabled smartphones is anticipated to further boost the growth of this market.

Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=74851580

AI for healthcare sector to witness the highest growth from 2016-2022 

The artificial intelligence market for the healthcare industry is expected to grow at the highest CAGR over the forecast period, mainly due to the growing adoption of AI technologies for diagnosis of diseases, patient care, and drug discovery. Moreover, it is also being used in clinical trials, congress planning, advisory boards, promotions, and for catering to the untapped opportunities in sales.

Browse Related Reports 

Artificial Intelligence in Healthcare Market by Offering (Hardware, Software and Services), Technology (Deep Learning, Querying Method, NLP, and Context Aware Processing), Application, End-User Industry, and Geography - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/artificial-intelligence-healthcare-market-54679303.html

Automotive Artificial Intelligence Market by Offering (Hardware, Software), Technology (Deep Learning, Machine Learning, Computer Vision, Context Awareness and Natural Language Processing), Process, Application and Region - Global Forecast to 2025
http://www.marketsandmarkets.com/Market-Reports/automotive-artificial-intelligence-market-248804391.html

Global Artificial Intelligence (Chipsets) market, 2nd Edition (published 29 Nov 2016, 173 pages) is now available for $5650 from MarketsandMarkets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

 

SOURCE MarketsandMarkets



Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos and customised feeds just for media.

View and download archived video content distributed by MultiVu on The Digital Center.

 

Get content for your website

Enhance your website's or blog's content with PR Newswire's customised real-time news feeds.
Start today.

 

 
 

Contact PR Newswire

Send us an email at indiasales@prnewswire.co.in or call us at +91 22 6169 6000

 

 
 

Become a PR Newswire client

Request more information about PR Newswire products & services or call us at +91 22 6169 6000

 

 
  1. Products & Services
  2. Knowledge Centre
  3. Browse News Releases
  4. Contact PR Newswire