The global demand for Artificial Intelligence Platform Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Artificial Intelligence Platform is a framework designed for different industries to enable them to function more intelligently and efficiently than the traditional method of functioning. It is software, a machine intelligence process used to perform many activities like learning, reasoning, perception, problem-solving, etc. It refers to a process handled by machines instead of human intelligence. It allows minimizing the cost of production for industries by preventing unnecessary work, automating simpler tasks, and removing expensive activities like copying and extraction of data. It offers data management methods under an expert team of professionals. The role of AI in evaluating big data for an organization leads to a greater understanding of various factors affecting the growth of the business.
Market Dynamics
The Artificial Intelligence Platform market projection under the forecast period is high. The growing utilization of AI applications across different sectors will likely take the market forward in the coming decades. The faster adoption of AI technologies in manufacturing, banking, financial services, and insurance enables improved customer service and experience to drive the growth market. The popularity of automation processes in various sectors to enhance the efficiency of organizations and the concept of the virtual assistant system are factors contributing to the development of the market. However, the absence of skilled professionals and security-related threats such as data leakage and unreliability pose a challenge for growth. But the growth of end-user innovations and the utilization of AI in understanding market trends pave the market opportunities in this sector. The manufacturing sector especially will be the forerunner of growth with the popularity of technologies like IoT, cloud computing, 5G, 3D printing, robotics etc. and by transforming the whole segment into a single entity. The adoption of the latest technologies by various businesses to deliver service to customers during the pandemic also helped in the growth of the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of artificial intelligence platform. The growth and trends of artificial intelligence platform industry provide a holistic approach to this study.
Market Segmentation
This section of the artificial intelligence platform market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Deployment
By Component
By Application
- Home Automation
- Remote Sensing
- Medical Diagnosis
- Automated Weapons
- Speech Recognition
- Text Recognition
- Others
By Industry
- Automotive
- Electrical And Electronics
- IT & Telecommunication
- Media And Entertainment
- Healthcare
- Manufacturing
- Others
By Enterprise Size
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Artificial Intelligence Platform market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Artificial Intelligence Platform Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the artificial intelligence platform market include Microsoft Corporation, Arterys, Alphabet Inc., IBM Corporation, Intel, Infosys, Wipro, Ayasdi, Bowery Farming, Salesforce, Qualcomm, NVIDIA, Freenome, Amazon Web Services, Absolutdata, SAP and HPE. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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