Market Highlights
The worldwide computerized reasoning programming stage market is anticipated to contact USD 11.3 billion at a solid 28.1%CAGR between 2018-2023, states the new Market Research Future (MRFR) examination. Artificial intelligence programming stage, basically, is a product system or engineering that permits the product to run on. It likewise incorporates application systems. Attributable to its appealing elements and copious advantages, it has wide applications in modern robotization and assembling, medical care and drug, IT and telecom, BFSI, transportation and car, retail and online business, and others.
Different elements are driving the worldwide man-made brainpower programming stage portion of the overall industry. As per the new MRFR report, such considers incorporate expansion information age, interest for AI-based arrangements, mechanical progressions in profound neural organizations, and an ascent in interests in R&D of AI innovation.
Unexpectedly, information security issues, absence of gifted workers, and the on-going COVID-19 pandemic are factors that might restrict the worldwide man-made consciousness programming stage market development over the figure time frame.
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Segmentation:
The MRFR report highlights an inclusive segmental analysis of the global artificial intelligence software platform market based on vertical, deployment, and component.
By component, the global artificial intelligence software platform market is segmented into services and solution. The solution segment is again segmented into natural language processing, machine learning, and others. Of these, machine learning will lead the market over the forecast period.
By deployment, the global artificial intelligence software platform market is segmented into on-cloud and on-premise. Of these, the on-cloud segment will dominate the market over the forecast period.
By vertical, the global artificial intelligence software platform market is segmented into industrial automation and manufacturing, healthcare and pharmaceutical, IT and telecommunication, BFSI, transportation and automotive, retail and e-commerce, and others. Of these, the BFSI segment will have a major share in the market over the forecast period.
Regional Analysis
Based on the region, the AI Software Platform Market Growth report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, North America will have the lions share in the market over the forecast period. Increasing investments in artificial intelligence, coupled with rising government investments and initiatives are adding to the global artificial intelligence software platform market growth in the region. The United States holds the utmost share in the market.
The global artificial intelligence software platform market in the APAC region is predicted to have healthy growth over the forecast period. The rapid expansion of domestic enterprises, higher technological advances, and economic development is adding to the global AI software platform industry growth in the region.
The global artificial intelligence (AI) software platform market in Europe is predicted to have sound growth over the forecast period. Technological advancements, adoption of new technology, increasing use of AI technology, and the presence of highly developed IT sectors are adding to the global artificial intelligence software platform market growth in the region.
The global artificial intelligence software platform market in the RoW is predicted to have steady growth over the forecast period.
Key Players
Eminent contenders profiled in the global artificial intelligence software platform market report include Digital Reasoning Systems, Inc. (US), Palantir (US), Darktrace (UK), Dataiku (US), BenevolentAI (UK), CloudMinds (US), iCarbonX (China), AIBrain (US), Babylon Health (UK), ArStudioz (India), DigitalGenius (UK), Prolitus (India), Cleo AI Ltd. (UK), ValueCoders (India), Infrrd Inc. (US), H2O.ai (US), Playment (US), Salesforce (US), Qualcomm (US), Ayasdi (US), Infosys (India), Wipro (India), Amazon Web Services (US), Google (US), SAP (US), Microsoft (US), IBM (US), Nvidia (US), and Intel (US).
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Artificial Intelligence Software Platform Market Research, By Component (Solution- Machine Learning, Natural Language Processing, Others; Services), Deployment (On-Premise, On-Cloud), Vertical (Automotive, Retail, Healthcare) – Global Forecast till 2027
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