The Business Research Company’s latest report Artificial Intelligence Global Market Report 2020 covers Artificial Intelligence market drivers, Artificial Intelligence market trends, Artificial Intelligence market segments, Artificial Intelligence market growth rate, Artificial Intelligence market major players, and Artificial Intelligence market size. The report provides in-depth analysis of the impact of COVID-19 on the Artificial Intelligence industry, along with revised market numbers due to the effects of the coronavirus.
Artificial Intelligence Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global artificial intelligence market is expected to grow from $28.42 billion in 2019 to $40.74 billion in 2020 at a compound annual growth rate (CAGR) of 43.39%. The growth is mainly due to the COVID-19 health emergency across the globe that has led to a new wave of transformative technologies including the revolutionary artificial intelligence technology (for example – smart machines and robots) emerging as a possible solution to contain the epidemic. The market is then expected to recover and reach $99.94 billion in 2023 at CAGR of 34.86%.
The report covers the artificial intelligence market’s segments-
1) By Offering: Hardware, Software, Services.
2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Others (Image Processing, Speech Recognition).
3) By End-User Industry: Healthcare, Automotive, Agriculture, Retail, Marketing, Telecommunication, Defense, Aerospace, Media & Entertainment, Others.
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