123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Lucintel Forecasts Artificial Intelligence Market To Reach $115 Billion By 2027

Profile Picture
By Author: Lucintel LLC
Total Articles: 4147
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

According to the recent study the artificial intelligence market is projected to reach an estimated $115 billion by 2027 from $32 billion in 2021, at a CAGR of 23.5% from 2021 to 2027. Growth in this market is primarily driven by increasing demand for virtual assistance for easy accessibility of services and growing adoption of cloud-based technology.
Browse 106 figures / charts and 89 tables in this 205 -page report to understand trends, opportunities and forecast in artificial intelligence market by end use industry (media and advertising, security, automotive, healthcare, retail, fintech, manufacturing and others), technology (machine learning, natural learning processing, and others), product and service (hardware, software, and service), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/artificial-intelligence-market.aspx
“Machine learning market is expected to remain the largest segment during the forecast period.”
Based on technology, the artificial intelligence ...
... market is segmented into machine learning, natural learning processing, and others. Lucintel forecasts that the machine learning is expected to witness the largest segment and it is also expected to witness the highest growth over the forecast period due to increasing adoption of this technology in the autonomous applications and growing consumer preference for IoT-enabled devices.
“Within the artificial intelligence market, the media and advertising segment is expected to remain the largest end use industry.”
Based on end use industry, the media and advertising segment is expected to witness the largest segment due to an increasing adoption of customer-centric marketing strategies and increasing use of social platform for advertisements and healthcare segment is expected to witness the highest growth over the forecast period due to advancements in clinical research and growing demand for electronics-based medical equipment and sensors in the healthcare applications.
“Asia Pacific will dominate the artificial intelligence market in near future.”
Asia Pacific is expected to be the largest region with the highest growth over the forecast period due to the growing adoption of IoT (internet of things), increasing installation of smart home devices, and growing industrial automation in countries, such as China, India, and Taiwan.
Download Brochure of this report by clicking on https://www.lucintel.com/artificial-intelligence-market.aspx
Major players of artificial intelligence market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Intel, IBM, Amazon, Facebook, NVIDIA, Apple, Microsoft, General Electric, and NEC Corporation are among the major artificial intelligence providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/artificial-intelligence-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
Related reports
HDI PCB Market:
For more details click here https://www.lucintel.com/high-density-interconnect-printed-circuit-board-market.aspx

Hybrid Memory Cube (HMC) and High-Bandwidth Memory (HBM) Market:
For more details click here https://www.lucintel.com/hybrid-memory-cube-and-high-bandwidth-memory-market.aspx

Flexible Printed Circuit Board Market:
For more details click here https://www.lucintel.com/flexible-printed-circuit-board-market.aspx

Multilayer Ceramic Capacitor Market:
For more details click here https://www.lucintel.com/multilayer-ceramic-capacitor-market.aspx

Fire Detector Market:
For more details click here https://www.lucintel.com/fire-detector-market.aspx

Active Optical Cable Market:
For more details click here https://www.lucintel.com/active-optical-cable-market.aspx

Home Automation Market:
For more details click here https://www.lucintel.com/home-automation-market.aspx

Micro LED Market:
For more details click here https://www.lucintel.com/micro-led-market.aspx

LED Driver Market:
For more details click here https://www.lucintel.com/led-driver-market.aspx
GPS Tracking Device Market:
For more details click here https://www.lucintel.com/gps-tracking-device-market.aspx

Total Views: 119Word Count: 619See All articles From Author

Add Comment

Business Articles

1. Unveiling The Material Characteristics Of Plastic Parts
Author: adam.xu

2. Top 5 Beach View Resorts In Chennai For A Memorable Getaway
Author: greenmeadows resort

3. Relationship Counselling Den Haag Brings The Best Chance To Understand Each Other’s Needs!
Author: Angelika Matthias

4. Web Development Company: Guide For Hiring The Best
Author: Sagar Tech

5. Make A Business Website To Get Started Online
Author: Sagar Tech

6. Elevate Your Software Quality With Agile Advisors: Premier Software Testing Consultancy In Dubai, Uae
Author: kohan

7. Affordable Polyester Pleated Mesh From Top Manufacturers
Author: pavitra

8. Empowering Sustainable Development: Agile Advisors As Your Trusted Leed Certification Consultant In Dubai And Uae
Author: kohan

9. Buy Cats Eye Gemstone Online In Ahmedabad
Author: rishabhjains

10. Why Data Destruction And Sanitisation Are Important
Author: Destruction and Sanitisation

11. Stock Market Update: शेयर बाजार में लगातार चौथे हफ्ते बढ़त: क्या तेजी बरकरार रहेगी? जाने इस हफ्ते किन महत्वपूर्ण पहलुओं पर ध्यान देना चाहिए
Author: M Ratlami

12. Perfect Happy New Year Gift For Your Girlfriend Thoughtful Ideas For 2024
Author: MyFlowerTree

13. China Valmax Valve Co., Ltd
Author: China Valmax Valve Co., Ltd.

14. Mastering Clipping Path In Photoshop: A Guide To Precision Editing
Author: Sam

15. Expert Emergency And Cosmetic Dental Care Services For Families And Individuals In St. Louis
Author: Jessica Williams

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: