Artificial Intelligence (AI) Global Market, Hierarchical Pattern Recognition, By 2030 with A 41% CAGR; Asserts MRFR

Pune, India, December 2017, 2017/MRFR Press Release/- Market Research Future published a Half Cooked research report on “Global Artificial Intelligence Market Research Report - Forecast to 2030” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2030Artificial Intelligence Global Market - OverviewArtificial Intelligence has the potential to change the world around us by modernizing the way we communicate, work and conduct are daily life.The Artificial Intelligence (AI) market size is to hit $311.35 Billion at a CAGR of 41% during the forecast period. Organizations are adopting artificial intelligence technology to extract valuable insights from data for developing innovative products and improving customer experience. The technology is in demand owing to due to its complex, data-driven applications such as voice and image recognition. According to a recent study report published by the Market Research Future, The global market of Artificial Intelligence is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2030, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2022 – 2030).The major growth driver for the artificial intelligence market is the algorithms like deep learning and its hierarchical pattern recognition acts as a major force driving the adoption of AI. Software such as RStudio and Sentient, were the first to adopt artificial intelligence. Adoption of AI in hardware is most significant factor boosting market growth. For example Qualcomm’s new neural processing unit (NPU), Nvidia’s deep learning chip, and IBM’s TrueNorth neuromorphic computing platform, more chips are being developed to enable faster and more powerful AI.Large sets of data are generated on the regular basis from industry vertical such as BFSI, healthcare and others. Machine learning algorithms is used to analyse large volume of data sets by filtering hypotheses iteratively. AI is used on number of applications nowadays. It delivers value by enhancing human skills and by extending their capabilities. For example When Apple released Siri it had plenty of issues, but it’s became increasingly useful and more companies have released virtual assistants, such as Microsoft’s Crotona and Amazon Echo.Browse Full Report @ https://www.marketresearchfuture.com/reports/artificial-intelligence-market-1139Key Players: IBM Corporation (U.S.), Google Inc. (U.S.), Brighterion Inc. (U.S.), Microsoft Corporation (U.S.), Facebook (U.S.) , Qualcomm (U.S.), Rocket Fuel Inc. (U.S.), Kensho Technologies, Inc. (U.S.), Salesforce (U.S.), Infosys (India) and Sentient Technologies (U.S.) are some of the prominent players at the forefront of competition in the Global Artificial Intelligence Market and are profiled in MRFR Analysis.Industry News 05 Dec 2017 - IBM launched its next-generation Power Systems Servers incorporating its newly designed POWER9 processor. Built specifically for compute-intensive AI workloads, the new POWER9 systems are capable of improving the training times of deep learning frameworks by nearly 4x[2] allowing enterprises to build more accurate AI applications, faster.December 13, 2017 - Google is opening an artificial intelligence (AI) research center in China to target the country’s local talent, even as the U.S. search firm’s products remain blocked in the country. Chinese policy makers have voiced strong support for AI research and development in the country, but have imposed increasingly strict rules on foreign firms in the past year, including new censorship restrictions.Jul.18.17- MasterCard Acquires Brighterion For AI Technologies. Brighterion has developed an AI- and machine learning-based suite of technologies that assist MasterCard in preventing fraud.The deal is a continuation of MasterCard's focus on acquiring risk-quantifying and predictive technologies in response to greater financial security threats.Artificial Intelligence Global Market - Competitive Analysis The Market of Artificial Intelligence appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms. Artificial Intelligence Global Market - Segmentation The Artificial Intelligence Market can be classified into 4 key segments for the convenience of the report and enhanced understanding; Segmentation by Components: Comprises hardware (Central Processing Unit (CPU), Graphics Processing Unit (GPU), Application-Specific Integrated Circuits (ASIC), and, Field-Programmable Gate Array (FPGA), software and services.Segmentation by Technology: Comprises machine learning, natural language processing, image processing and speech recognition.Segmentation by End-User: Comprises Media & Advertising, BFSI, IT & Telecommunication, Retail, Healthcare, Automotive & Transportation and others.Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.Artificial Intelligence Global Market -

Regional Analysis

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