Portland, OR -- (SBWIRE) -- 12/21/2017 -- Artificial intelligence market involves development of intelligent systems, which can perform tasks and behave normally, similar to humans. It is the simulation of human intelligence processes by machines, especially computer systems. These processes include learning, reasoning, and self-correction. Furthermore, artificial intelligence (AI) is poised to have a transformative effect on consumer products, defense applications, and others. The global artificial intelligence market is expected to grow at a CAGR of 46.5% from 2017 to 2025.

Based on technology, the global artificial intelligence market is segmented as machine learning, natural language processing, image processing, and speech recognition. Based on industry verticals, the market is segmented as media & advertising, BFSI, IT & Telecom, retail, healthcare, automotive & transportation, and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

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Market Dynamics:

Drivers:

Improved productivity.
Diversified application areas.
Big data integration drive.
Restraints:

Lack of skilled workforce.
Threat to human dignity.
Market Players:

The top players in the global virtual reality market include Google Inc., IBM Corp., Microsoft Corporation, IPsoft, Rocket Fuel Inc., Qlik Technologies Inc., MicroStrategy, Inc., Brighterion, Inc., 24/7 Customer, Inc., and Next IT Corp.

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MARKET LANDSCAPE

By Technology

Machine Learning
Natural Language Processing
Image Processing
Speech Recognition
By Industry Vertical

Media & Advertising
BFSI
IT & Telecom
Retail
Healthcare
Automotive & Transportation
Others
By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of the Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA