The report "Artificial Intelligence Platform Market by Component (Tools, Services), Deployment Mode (Cloud, On-Premises), Application (Forecasts & Prescriptive Models, Chatbots, Speech Recognition, Text Recognition), End-User, and Region – Global Forecast to 2022", The AI platform market size is expected to grow from USD 2.61 Billion in 2017 to USD 9.88 Billion in 2022, at a Compound Annual Growth Rate (CAGR) of 30.5%. The increasing demand for AI-based solutions and proliferation in data generation are some of the major driving factors of the AI platform market. Furthermore, the increasing demand for intelligent business processes and growing innovation across end-users are expected to provide opportunities for the growth of the AI platform market.
Browse 61 Market Data Tables and 40 Figures spread through 144 Pages and in-depth TOC on "Artificial Intelligence Platform Market by Component (Tools, Services), Deployment Mode (Cloud, On-Premises), Application (Forecasts & Prescriptive Models, Chatbots, Speech Recognition, Text Recognition), End-User, and Region – Global Forecast to 2022"
Early buyers will receive 10% customization on reports.
Machine Learning (ML) tool is expected to be the largest contributor in the global AI platform market during the forecast period
A large amount of raw data is generated in various industry sectors; analysis of this data has become important to get better insights for making business-related decisions. To achieve these benefits various companies are using ML tools to build various probabilistic models.
The managed services segment is expected to show a significant growth rate during the forecast period
The demand for services is growing with the evolution of the AI platform market. Specifically, managed services are expected to have a higher growth rate during the forecast period. The solutions offered by vendors need to be integrated to avail industry’s best practices of the AI platform solutions. The market for managed services is expected to be growing faster owing to the need of deployment of AI platform solutions either on cloud or on-premises.
North America is expected to have the largest market share during the forecast period
North America is the most competitive and rapidly changing AI platform market in the world. North America, among all the regions, has shown maximum adoption of AI platform solutions, due to its early implementation in a majority of applications. The US and Canada are projected to extensively implement AI platform solutions, hence, North America is expected to have the highest market share.
Some of the major vendors are Microsoft (US), Google (US), Salesforce (US), IBM (US), Intel (US), Amazon Web Services (US), HPE (US), Ayasdi (US), Qualcomm (US), and Absolutdata (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE