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Artificial Intelligence (AI) is a hot topic these days and spearheading in various industries. So, what is the current market size of the AI market and how big would be its size in the coming decade? What are the revenue sources in the AI market? What are the various AI platforms?
Artificial Intelligence (AI) is working through machine intelligence, in which machine acts smartly by performing intelligent and smart actions just like the human’s natural intelligence.
Artificial Intelligence is being adopted in various fields owing to its smart features. The AI market is expanding with high growth but from a low basis. AI is all about automation, and that is why its market value will get tractions going forward. AI has various revenue channels such as hardware, software and services.
There are also some developments in the advancements of AI platforms. These platforms will provide organisations with opportunities to bring efficiencies and help reduce operational costs.
There are several market research reports which assessed the market in value terms. However, it is not clear what methodology these companies used for their market assessments.
According to these various available market reports on the artificial intelligence industry, the average value for the AI market in 2018 was in the range of US$ 12 billion and the US $25 billion. The market is anticipated to be between the US$ 130 billion and the US$ 200 billion by 2025.
The high growth rate in the Artificial Intelligence (AI) market size will be driven by mainly by healthcare, automotive, manufacturing, gaming, and electronics.
Some of the leading companies which are operating in the Artificial Intelligence (AI) business include Google, IBM, Apple, Amazon, Microsoft, Intel, Facebook, NVidia and Qualcomm.