Artificial Intelligence Platforms: By Deployment (Cloud and On-Premises), By Application (Predictive and Prescriptive Models, Chatbots, Speech Recognition, Text Recognition, etc.), By End User (Automotive, IT & Telecommunications, Media & Entertainment, Healthcare , Manufacturing) Others) and Regions – Global analysis of market size, shares and trends in 2019-2020 and forecast to 2031.
NEW YORK, May 26, 2023 (Globe Newswire) — Reportlinker.com publishes the report “Artificial Intelligence Platforms: By Deployment, By Application, By End User and Region – Global Analysis of Market Size, Share and Trends in 2019. ” was released. – 2020 and his predictions to 2031” – https://www.reportlinker.com/p06458690/?utm_source=GNW
Product overview
Artificial intelligence platforms are expected to grow from US$80 billion in 2021 to over US$1,668.9 billion by 2031, at a CAGR of 35.5% over the next few years, i.e., from 2021 to 2031.
Artificial intelligence platforms are frameworks that enable businesses to function more efficiently and intelligently than before. We can help reduce costs through a variety of approaches, such as preventing duplication of effort, automating simple operations, and eliminating various costly actions such as copying and extracting data. Data management is also a function of the artificial intelligence platform, enabling a group of artificial intelligence researchers and deep learning experts to use the best approaches. This helps distribute work evenly and complete tasks in a timely manner. Artificial intelligence could be used to analyze vast amounts of data to gain deeper knowledge of both external and internal issues affecting companies.
market highlights
The global artificial intelligence platform is expected to grow from US$80 billion in 2021 to over US$1,668.9 billion by 2031, at a CAGR of 35.5% over the next few years, i.e., from 2021 to 2031. Along with the increase in data generation, the demand for AI-based services is also increasing. In addition, advances in big data technology, growing trend of incorporating AI capabilities into workstreams, and advances in cloud storage services are projected to develop the AI-based platform market. Moreover, growing demand for intelligent enterprise processes and end-user innovations will bring great opportunities for the development of the artificial intelligence market.
Global Artificial Intelligence Platform: Segment
Cloud segment expected to grow at highest CAGR in 2021-31
Based on deployment, the market is divided into two categories: cloud and on-premises. Cloud is projected to grow rapidly during the forecast period. IBM Cloud, Azure Cognitive Services, and Einstein AI Platform are three of the most popular cloud-based AI services offered by industry players. Cloud growth will be driven by cloud-based technology, efficient infrastructure, and the growing need for virtualization and cloud storage. On is expected to dominate the segment share as it can accommodate more reliable storage services.
IT and telecom sector expected to grow at highest CAGR in 2021-31
Based on end-users, the artificial intelligence platform market is segmented into automotive, IT & telecommunications, media & entertainment, healthcare, manufacturing, and others. Artificial intelligence’s share of the market in 2020 is led by his IT and telecommunications category, and this trend is projected to continue during the forecast period as demand for telecommunication services increases. However, due to increased automation and advances in patient services in the healthcare and medical industry, the healthcare sector is likely to grow the most in the coming years.
market dynamics
driver
Growing demand for AI-based solutions
Adoption of hyper-personalized services is accelerating
Restraint
Market expansion is hampered by privacy protection restrictions.
Global artificial intelligence platform:
key player
• Amazon Web Services, Inc.
Company Profile, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Developments, Regional Presence, SWOT Analysis
• Apple.
• Google LLC
・IBM Corporation
• Intel
• Microsoft
• NVIDIA
・Oracle Corporation
• SAP SE
• Siemens
• Other notable players
The Global Artificial Intelligence Platforms report also includes analysis for:
Artificial Intelligence Platform Segments:
• By introduction
o cloud
o on-premises
• By application
o Predictive and prescriptive models
o chatbots
o Speech recognition
o text recognition
o other
• by end users
o car
o IT and communication
o Media and Entertainment
o health care
o Manufacturing
o other
• Dynamics of artificial intelligence platform
• Size of artificial intelligence platform
• supply and demand
• Current trends/problems/challenges
• Companies involved in competition and markets
• Market value chain
• Market drivers and constraints
Why Buy This Report
• Qualitative and quantitative analysis of the market based on segmentation including both economic and non-economic factors
• Provide market value (USD Billion) data for each segment and sub-segment
• Shows the regions and segments expected to grow the fastest and dominate the market.
• Region-by-region analysis highlights the consumption of products/services within the region and shows the factors influencing the market within each region.
• Market rankings of key players and competitive landscape incorporating new service/product launches, partnerships, expansions and acquisitions over the last 5 years for the profiled firms.
• Extensive company profiles comprising company overviews, company insights, product benchmarks and SWOT analysis of key market players
• Current and future market outlook for the industry with respect to growth opportunities and drivers, recent developments with challenges and constraints in both emerging and developed regions;
• Contains an in-depth analysis of the market from different perspectives with Porter’s Five Forces Analysis.
• Provide market insights through the value chain
• Scenario of market dynamics and market growth opportunities in the coming years
• Analyst support for 3 months after sale.
Read the full report: https://www.reportlinker.com/p06458690/?utm_source=GNW
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