HOME Top Market Reports Artificial Intelligence (AI) Market by Technology (Machine Learning, Natural Language Processing (NLP), Image Processing, and Speech Recognition), Application & Geography - Global Forecast to 2020

Artificial Intelligence (AI) Market by Technology (Machine Learning, Natural Language Processing (NLP), Image Processing, and Speech Recognition), Application & Geography - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: February 2016
Report Code: SE 4053

 

  Speak to Analyst Enquiry Before Buying  
purchase report
download pdf  request for customisation


The artificial intelligence market is estimated to grow from USD 419.7 Million in 2014 to USD 5.05 Billion by 2020, at a CAGR of 53.65% from 2015 to 2020. The report aims at estimating the size and future growth potential of the market across different segments such as technology, application, and region. The base year considered for the study is 2014 and the market size is forecasted from 2015 to 2020. With the rise in adoption of AI in the media & advertising, retail, finance, and healthcare sectors, the machine learning and natural language processing technologies are expected to play a key role in propelling the growth of the AI market in the next five years.

The research methodology used to estimate and forecast the artificial intelligence market begins with capturing data on key market player revenues through secondary research. The market player offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors and executives. This data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primaries is shown in the following figure.

Artificial Intelligence Market

To know about the assumptions considered for the study, download the pdf brochure

The artificial intelligence ecosystem comprises several key market players such as IBM Corp. (U.S.), Microsoft Corp. (U.S.), Google Inc. (U.S.), IPsoft (U.S.), Rocket Fuel Inc. (U.S.), Kensho Technologies, Inc. (U.S.), and Sentient Technologies (U.S.) and others. These companies develop or use the artificial intelligence technology and provide solutions to end-users, catering their unique requirements. The end users are from a wide range of applications sectors, including advertising & media, finance, retail, healthcare, and law.

Key Target Audience

  • Technology providers
  • Artificial intelligence system providers
  • Research organizations and consulting companies
  • Associations, organizations, and forums related to artificial intelligence
  • Venture capitalists and private equity firms
  • Startup companies

Scope of the Report

The research report segments the artificial intelligence market to following submarkets:

By Technology:

  • Machine learning
  • Natural language processing
  • Image processing
  • Speech recognition

By Vertical:

  • Media & advertising
  • Finance
  • Retail
  • Healthcare
  • Automotive & transportation
  • Agriculture
  • Law
  • Oil & gas
  • Others

By Region:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • South America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Technology Analysis

  • Product matrix, which gives a detailed comparison of the technology portfolio of each company

Geographic Analysis

  • Further breakdown of the artificial intelligence market in North America
  • Further breakdown of the artificial intelligence market in Europe
  • Further breakdown of the artificial intelligence market in APAC
  • Further breakdown of the artificial intelligence market in the MEA
  • Further breakdown of the artificial intelligence market in Latin America

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Artificial Intelligence Market
    4.2 Artificial Intelligence Market, By Technology
    4.3 Artificial Intelligence Market, By Application
    4.4 Artificial Intelligence Market, By Region

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Diversified Application Sectors for Artificial Intelligence
                    5.2.1.2 Increasing Demand for Artificial Intelligence to Enhance Productivity
                    5.2.1.3 Rising Demand for Artificial Intelligence for Improving Customer Satisfaction
           5.2.2 Restraints
                    5.2.2.1 Objections Regarding the Use of Ai By Industry Experts
                    5.2.2.2 Lack of Skilled Workforce
           5.2.3 Opportunities
                    5.2.3.1 Growing Areas of Applications for Artificial Intelligence
           5.2.4 Challenges
                    5.2.4.1 Creating Models and Mechanism of Artificial Intelligence

6 Industry Trends (Page No. - 40)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Key Influencers
    6.3 Porter’s Five Forces Model
           6.3.1 Threats of New Entrants
           6.3.2 Threats of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Industry Rivalry
           6.3.5 Bargaining Power of Buyers

7 Artificial Intelligence Market, By Technology (Page No. - 48)
    7.1 Introduction
    7.2 Machine Learning
           7.2.1 Deep Learning
    7.3 Natural Language Processing (NLP)
    7.4 Image Processing
    7.5 Speech Recognition

8 Artificial Intelligence By Hardware & Service (Page No. - 57)
    8.1 Artificial Intelligence By Hardware
           8.1.1 Computer / GPU Chip
           8.1.2 Cloud
           8.1.3 Others
    8.2 Artificial Intelligence By Service
           8.2.1 Installation
           8.2.2 Training
           8.2.3 Support & Maintenance

9 Artificial Intelligence Market, By Application (Page No. - 61)
    9.1 Introduction
           9.1.1 Media & Advertising
           9.1.2 Finance
           9.1.3 Retail
           9.1.4 Healthcare
           9.1.5 Automotive & Transportation
           9.1.6 Agriculture
           9.1.7 Law
           9.1.8 Oil & Gas
           9.1.9 Others

10 Artificial Intelligence Market, By Geography (Page No. - 78)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 APAC
             10.3.1 Japan
             10.3.2 China
             10.3.3 South Korea
             10.3.4 India
             10.3.5 Rest of APAC
     10.4 Europe
             10.4.1 U.K.
             10.4.2 Sweden
             10.4.3 Germany
             10.4.4 France
     10.5 Rest of the World

11 Competitive Landscape (Page No. - 108)
     11.1 Overview
     11.2 Market Ranking Analysis: Artificial Intelligence Market
     11.3 Startup Scenario
             11.3.1 Startup Companies vs Venture Capitalist: 2014
     11.4 Competitive Situation
             11.4.1 New Product Launches
             11.4.2 Mergers & Acquisitions
             11.4.3 Expansions, Joint Ventures, Contracts, and Partnerships

12 Company Profiles (Page No. - 118)
(Overview, Products and Services, Financials, Strategy & Development)*
     12.1 Introduction
     12.2 Google Inc.
     12.3 IBM Corp.
     12.4 Microsoft Corp.
     12.5 Ipsoft
     12.6 Rocket Fuel Inc.
     12.7 Fingenius Ltd.
     12.8 Kensho Technologies, Inc.
     12.9 Mobileye N.V.
     12.10 Sentient Technologies
     12.11 Zephyr Technology

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 143)
     13.1 Insights of Industry Experts
     13.3 Introducing RT: Real Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (65 Tables)

Table 1 Artificial Intelligence : Driver Analysis
Table 2 Artificial Intelligence: Restraints Analysis
Table 3 Artificial Intelligence: Opportunity Analysis
Table 4 Artificial Intelligence: Challenge Analysis
Table 5 Artificial Intelligence Market Size, By Technology, 2013–2020 (USD Million)
Table 6 Machine Learning Technology Market Size, By Application, 2013–2020 (USD Million)
Table 7 Natural Language Processing Technology Market Size, By Application, 2013–2020 (USD Million)
Table 8 Image Processing Technology Market Size, By Application, 2013–2020 (USD Million)
Table 9 Speech Recognition Technology Market Size, By Application, 2013–2020 (USD Million)
Table 10 Artificial Intelligence Market Size, By Application, 2013–2020 (USD Million)
Table 11 Artificial Intelligence Market for Media & Advertising, By Technology, 2013–2020 (USD Million)
Table 12 Artificial Intelligence Market for Media & Advertising , By Geography, 2013–2020 (USD Million)
Table 13 Artificial Intelligence Market Size for Finance, By Technology, 2013–2020 (USD Million)
Table 14 Artificial Intelligence Market for Finance, By Geography, 2013–2020 (USD Million)
Table 15 Artificial Intelligence Market Size for Retail, By Technology, 2013–2020 (USD Million)
Table 16 Artificial Intelligence Market Size for Retail, By Geography, 2013–2020 (USD Million)
Table 17 Artificial Intelligence Market Size for Healthcare, By Technology, 2013–2020 (USD Million)
Table 18 Artificial Intelligence Market Size for Healthcare, By Geography, 2013–2020 (USD Million)
Table 19 Artificial Intelligence Market Size for Automotive & Transportation, By Technology, 2013–2020 (USD Million)
Table 20 Artificial Intelligence Market Size for Automotive & Transportation, By Geography 2013–2020 (USD Million)
Table 21 Artificial Intelligence Market Size for Agriculture, By Technology, 2013–2020 (USD Million)
Table 22 Artificial Intelligence Market Size for Agriculture, By Geography, 2013–2020 (USD Million)
Table 23 Artificial Intelligence Market Size for Law, By Technology, 2013–2020 (USD Million)
Table 24 Artificial Intelligence Market Size for Law, By Geography, 2013–2020 (USD Million)
Table 25 Artificial Intelligence Market Size for Oil & Gas, By Technology, 2013–2020 (USD Million)
Table 26 Oil & Gas Market Size, By Geography 2013–2020 (USD Million)
Table 27 Artificial Intelligence Market Size for Others, By Technology, 2013–2020 (USD Million)
Table 28 Artificial Intelligence Market Size for Others, By Geography, 2013–2020 (USD Million)
Table 29 Artificial Intelligence Market Size, By Geography, 2013–2020 (USD Million)
Table 30 North America: Artificial Intelligence Market Size, By Country, 2013–2020 (USD Million)
Table 31 North America: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Million)
Table 32 North America: Artificial Intelligence Market Size, By Technology, 2013–2020 (USD Million)
Table 33 North America: Artificial Intelligence Market Size, Media & Advertising, By Country, 2013–2020 (USD Million)
Table 34 North America: Artificial Intelligence Market Size, Finance, By Country, 2013–2020 (USD Million)
Table 35 North America: Artificial Intelligence Market Size, Healthcare, By Country, 2013–2020 (USD Million)
Table 36 North America Artificial Intelligence Market Size, Retail, By Country, 2013–2020 (USD Million)
Table 37 North America Artificial Intelligence Market Size, Automotive & Transportation, By Country, 2013–2020 (USD Million)
Table 38 North America Artificial Intelligence Market Size, Agriculture, By Country, 2013–2020 (USD Million)
Table 39 North America Artificial Intelligence Market Size, Law, By Country, 2013–2020 (USD Million)
Table 40 North America Artificial Intelligence Market Size, Oil & Gas, By Country, 2013–2020 (USD Million)
Table 41 North America Artificial Intelligence Market Size, Others, By Country, 2013–2020 (USD Million)
Table 42 U.S.: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Million)
Table 43 Canada: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Million)
Table 44 Mexico: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Million)
Table 45 APAC: Artificial Intelligence Market Size, By Country, 2013–2020 (USD Million)
Table 46 APAC: Artificial Intelligence Market Size, By Technology, 2013–2020 (USD Million)
Table 47 Japan: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Million)
Table 48 China: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Million)
Table 49 South Korea: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Thousand)
Table 50 India: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Thousand)
Table 51 Rest of APAC: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Thousand)
Table 52 Europe: Artificial Intelligence Market Size, By Country, 2013–2020 (USD Million)
Table 53 Europe: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Million)
Table 54 U.K.: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Million)
Table 55 Sweden: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Million)
Table 56 Germany: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Million)
Table 57 France: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Million)
Table 58 RoW: Artificial Intelligence Market Size, By Region, 2013–2020 (USD Million)
Table 59 RoW: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Million)
Table 60 RoW: Artificial Intelligence Market Size, By Technology, 2013–2020 (USD Million)
Table 61 South America: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Million)
Table 62 Middle East & Africa: Artificial Intelligence Market Size, By Application, 2013–2020 (USD Million)
Table 63 New Product Launches, 2014–2015
Table 64 Mergers & Acquisitions, 2012–2015
Table 65 Expansions, Joint Ventures, Contracts, and Partnerships, 2012-2015


List of Figures (47 Figures)

Figure 1 Global Artificial Intelligence Market: Research Design
Figure 2 Artificial Intelligence Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Artificial Intelligence Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Machine Learning Expected to Dominate the Artificial Intelligence Market During the Forecast Period
Figure 6 Artificial Intelligence Snapshot (2014–2020): Healthcare Segment Expected to Grow at the Highest CAGR During the Forecast Period
Figure 7 North America Accounted for the Largest Share of Artificial Intelligence Market in 2015
Figure 8 The Artificial Intelligence Market Expected to Grow at High CAGR During the Forecast Period
Figure 9 Natural Language Processing Technology Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 10 Media & Advertising: the Largest Application Sector for Artificial Intelligence in 2015
Figure 11 Growth in APAC Expected to Be Driven By Emerging Economies Such as China & India
Figure 12 North America Expected to Hold the Largest Share of the Global Artificial Intelligence Market, Based on Application, During the Forecast Period
Figure 13 Drivers, Restraints, Opportunities, and Challenges for the Artificial Intelligence Market
Figure 14 Value Chain Analysis: Major Value Addition is Done During the Software Development Phase
Figure 15 Porter’s Five Forces Analysis: Artificial Intelligence
Figure 16 Porters Analysis: Artificial Intelligence
Figure 17 Artificial Intelligence : Threats of New Entrants
Figure 18 Artificial Intelligence : Threats of Substitutes
Figure 19 Artificial Intelligence : Bargaining Power of Suppliers
Figure 20 Artificial Intelligence : Industry Rivalry
Figure 21 Artificial Intelligence : Bargaining Power of Buyers
Figure 22 Artificial Intelligence Market Segmentation
Figure 23 Machine Learning Technology Held the Largest Market for Artificial Intelligence in 2015 and Expected to Continue Its Dominance During the Forecast Period
Figure 24 The Finance Sector Dominated the Ai Market for Natural Language Processing Technology in 2015
Figure 25 Artificial Intelligence Market Segmentation, By Service
Figure 26 Artificial Intelligence Market: Segmentation
Figure 27 The Ai Market for the Healthcare Sector Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 28 Natural Language Processing Likely to Exhibit Highest Growth Rate in the Artificial Intelligence Market for the Finance Sector
Figure 29 The Machine Learning Market for the Healthcare Sector Expected to Dominate the Overall Ai Market
Figure 30 The Natural Language Processing Market for the Law Sector Expected to Grow at High CAGR During the Forecast Period
Figure 31 Geographic Snapshot (2014): Rapidly Growing Markets Such as China and India are Emerging as the New Hot Spots
Figure 32 APAC Expected to Be the Fastest Growing Market for Artificial Intelligence Market During the Forecast Period
Figure 33 Artificial Intelligence Market Snapshot for North America: Demand Expected to Be Driven By the Media & Advertising Sector
Figure 34 Artificial Intelligence Market Snapshot for APAC: Demand Expected to Be Driven By the Machine Learning Technology
Figure 35 Europe Artificial Intelligence Market Snapshot: Demand Expected to Be Driven By the Advertising Sector
Figure 36 Companies Adopted New Product Developments and Mergers & Acquisitions as the Key Growth Strategies (2013 –2015)
Figure 37 Artificial Intelligence Market: Market Ranking Analysis
Figure 38 Startup Company Funding: 2014
Figure 39 Market Evolution Framework: Significant New Product Launches Fueled Growth and Innovation From 2014 to 2015
Figure 40 Battle for Market Share: New Product Launches Was the Key Strategy From 2013 to 2015
Figure 41 Google Inc.: Company Snapshot
Figure 42 Google Inc.: SWOT Analysis
Figure 43 IBM Corp.: Company Snapshot
Figure 44 IBM Corp.: SWOT Analysis
Figure 45 Microsoft Corp.: Company Snapshot
Figure 46 Microsoft Corp.: SWOT Analysis
Figure 47 Rocket Fuel Inc.: Company Snapshot

MarketsandMarkets forecasts the artificial intelligence market to grow from USD 419.7 Million in 2014 to USD 5.05 Billion by 2020, at a CAGR of 53.65% from 2015 to 2020. The major factors driving the growth of this market include diversified application areas of AI, improved productivity, and increased level of customer satisfaction. In addition, the rising demand for intelligent systems is expected to propel the growth of the market in the next five years.

The scope of this report covers the artificial intelligence market by technology, application, and region. The AI market for the healthcare sector is expected to exhibit the highest growth rate during the forecast period due to the increasing demand for clinical trials, treatment simulations, and new solutions. The finance sector is expected to play a key role in changing the artificial intelligence landscape; and the AI market for this sector is expected to grow rapidly during the forecast period.

The machine learning technology held the largest market share of the global artificial intelligence market in 2015. This is because, the machine learning technology is a key element of artificial intelligence and is used in conjunction with other technologies such as natural language processing and image processing across a wide range of application areas. The market for natural language processing technology is expected to grow at the highest rate during the forecast period. Natural language processing technology is paving new market opportunities majorly in the field of media & advertising, retail, and finance, among others.

Artificial Intelligence Market

The AI market in North America is expected to have the largest share of the artificial intelligence market during the forecast period. In addition, APAC offers potential growth opportunities to the AI market as there is a rise in the AI-based applications in the law sector, leveraging on the power of AI for carrying out operations that are time consuming and cumbersome.

However, use of complex algorithms and lack of trained and experienced personnel for implementing artificial intelligence are hindering the growth of the AI market. There are highly complex algorithms involved in the design of an intelligent system, which requires professional interference.

Some of the major players in the artificial intelligence market are IBM Corp. (U.S.), Microsoft Corp. (U.S.), Google Inc. (U.S.), IPsoft (U.S.), FinGenius Corp. (U.K.), Rocket Fuel Inc. (U.S.), Mobileye N.V. (Israel), Kensho Technologies, Inc. (U.S.), Sentient Technologies (U.S.), and Zephyr Health (U.S.). These players adopted various strategies such as new product developments, mergers & acquisitions, partnerships, collaborations, and expansions to grow in the market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Semiconductor and Electronics Markets on KnowledgeStore
Request Demo Now