The market size for global artificial intelligence is expected to reach from USD 4,065.0 million in 2016 to USD 169,411.8 million in 2025, at a percentage rise of 55.6%. Nowadays Artificial Intelligence (AI) has evolved as the most progressive technologies in computer science and in various sectors for developing autonomous technology to increase the rate of deployments in the developing regions.
Google, IBM, Microsoft, and Apple are some of the leading companies were of the global AI market where the machine-learning has driven an exceptional increase in productivity. Google and Baidu have increased investment in expanding AI to their technology and device developments such as self-driving cars, space exploration, and accurate weather predictions.
The AI market is influenced by industry vertical, and geography and various technologies that are sub-divided into machine learning, natural language processing, image processing, and speech recognition. Based on the type of such as industry verticals, the market is categorized into media & advertising, retail, telecom & IT, healthcare, automotive & transportation, and others where AI has to be redesigned as per the sector and category to get implemented for effective functionality. North America region had contributed the highest revenue share in the artificial intelligence market in2017 and is anticipated to secure the leading position in the future forecast period owing to the presence of key companies in AI market.