{"id":353,"date":"2020-05-26T14:43:37","date_gmt":"2020-05-26T14:43:37","guid":{"rendered":"https:\/\/aimonks.com\/aibytes\/?p=353"},"modified":"2020-05-26T14:43:38","modified_gmt":"2020-05-26T14:43:38","slug":"fortune-business-insights-forecasts-growth-in-ai-market","status":"publish","type":"post","link":"https:\/\/aimonks.com\/aibytes\/2020\/05\/26\/fortune-business-insights-forecasts-growth-in-ai-market\/","title":{"rendered":"Fortune Business Insights Forecasts Growth In AI Market"},"content":{"rendered":"<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>\n<p><strong>Fortune Business Insights<\/strong> offers expert corporate analysis and accurate data, which helps organizations of all sizes make timely decisions. They recently <strong>published a report<\/strong>, titled, &#8220;Artificial Intelligence (AI) Market Size, Share and Industry Analysis By Component(Hardware, Software, Services), By Technology ( Computer Vision, Machine Learning, Natural Language Processing, Others), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT &amp; Telecom, Government, Others) and Regional Forecasts, 2019-2026.<\/p>\n\n\n\n<p>The report states that the <strong>global AI market will flourish<\/strong> due to an increase in the utilization of cloud-based services and applications worldwide. Furthermore, the report claims a CAGR of 31% during the forecast period, as <strong>global AI market size increases from USD 20.67 billion in 2018 to USD 202.57 billion by 2026<\/strong>.<\/p>\n\n\n\n<p><strong>Key companies<\/strong> covered in this report are Baidu, Alphabet(Google Inc.), Verint Systems Inc. (Next IT Corp), NVIDIA, Apple Inc., IBM Corporation, MicroStrategy, Qlik Technologies Inc., Microsoft Corporation, IPsoft., among others.<\/p>\n\n\n\n<p><strong>Highlights <\/strong>of the Report are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Profiles of prominent firms operating in the market.<\/li><li>In-depth analysis of strategies adopted by these firms to give the client a better understanding of the market&#8217;s competitive scenario.<\/li><li>Thorough research on AI-based product positioning.<\/li><li>Elaborate information on current and emerging market dynamics, growth drivers, trends, and obstacles.<\/li><\/ul>\n\n\n\n<p><strong>Impact of COVID-19<\/strong><br>Almost every sector is struggling to survive during the pandemic. Fortune Business Insights aims to offer an impact analysis of COVID-19 outbreak across the industry to help prepare them for the future.<\/p>\n\n\n\n<p><strong>Drivers &amp; Restraints<\/strong><br>Various organizations are developing and supply AI-powered industrial robots as they are a vital driver of AI market growth.<\/p>\n\n\n\n<p><strong>Segment<\/strong><br>The market constitutes NLP, ML, and computer vision in terms of technology. Currently, the NLP segment is most widely adopted for various applications.<\/p>\n\n\n\n<p><strong>Regional Analysis<\/strong><br>There has been a massive increase in the adoption of AI by a large number of biopharmaceutical companies.<\/p>\n\n\n\n<p><strong>Competitive Landscape<\/strong><br>The key players are mainly focusing on investing in the development of new products to strengthen the position. Start-ups are resorting to the strategy of mergers and acquisitions.<\/p>\n\n\n\n<p>Source<\/p>\n\n\n\n<p>#AIMonks #AI #NLP #RegionalAnalysis #Segment #CompetitiveLandscape #COVID19 #DriversandRestraints #Report #FortuneBusinessInsights<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span> Fortune Business Insights offers expert corporate analysis and accurate data, which helps organizations of all sizes make timely decisions. They recently published a report, titled, &#8220;Artificial Intelligence (AI) Market Size, Share and Industry Analysis By Component(Hardware, Software, Services), By Technology ( Computer Vision, Machine Learning, Natural Language Processing, Others), By [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,5],"tags":[35,24,212,216,46,217,219,213,88,215,218,214],"class_list":["post-353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bytes","category-market-trends","tag-ai","tag-ai-monks","tag-arti","tag-competitive-landscape","tag-covid-19","tag-drivers-constraints","tag-fortune-business-insights","tag-natural-language-processing","tag-nlp","tag-regional-analysis","tag-report","tag-segment"],"rttpg_featured_image_url":{"full":["https:\/\/aimonks.com\/aibytes\/wp-content\/uploads\/2020\/05\/growth-3078543_640.png",640,426,false],"landscape":["https:\/\/aimonks.com\/aibytes\/wp-content\/uploads\/2020\/05\/growth-3078543_640.png",640,426,false],"portraits":["https:\/\/aimonks.com\/aibytes\/wp-content\/uploads\/2020\/05\/growth-3078543_640.png",640,426,false],"thumbnail":["https:\/\/aimonks.com\/aibytes\/wp-content\/uploads\/2020\/05\/growth-3078543_640-150x150.png",150,150,true],"medium":["https:\/\/aimonks.com\/aibytes\/wp-content\/uploads\/2020\/05\/growth-3078543_640-300x200.png",300,200,true],"large":["https:\/\/aimonks.com\/aibytes\/wp-content\/uploads\/2020\/05\/growth-3078543_640.png",640,426,false],"1536x1536":["https:\/\/aimonks.com\/aibytes\/wp-content\/uploads\/2020\/05\/growth-3078543_640.png",640,426,false],"2048x2048":["https:\/\/aimonks.com\/aibytes\/wp-content\/uploads\/2020\/05\/growth-3078543_640.png",640,426,false],"hestia-blog":["https:\/\/aimonks.com\/aibytes\/wp-content\/uploads\/2020\/05\/growth-3078543_640-360x240.png",360,240,true]},"rttpg_author":{"display_name":"AI Bytes","author_link":"https:\/\/aimonks.com\/aibytes\/author\/aibytes_kashika\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/aimonks.com\/aibytes\/category\/daily-bytes\/\" rel=\"category tag\">Daily Bytes<\/a> <a href=\"https:\/\/aimonks.com\/aibytes\/category\/daily-bytes\/market-trends\/\" rel=\"category tag\">Market Trends<\/a>","rttpg_excerpt":"Reading Time: 2 minutes Fortune Business Insights offers expert corporate analysis and accurate data, which helps organizations of all sizes make timely decisions. They recently published a report, titled, &#8220;Artificial Intelligence (AI) Market Size, Share and Industry Analysis By Component(Hardware, Software, Services), By Technology ( Computer Vision, Machine Learning, Natural Language Processing, Others), By [&hellip;]","_links":{"self":[{"href":"https:\/\/aimonks.com\/aibytes\/wp-json\/wp\/v2\/posts\/353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aimonks.com\/aibytes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aimonks.com\/aibytes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aimonks.com\/aibytes\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aimonks.com\/aibytes\/wp-json\/wp\/v2\/comments?post=353"}],"version-history":[{"count":1,"href":"https:\/\/aimonks.com\/aibytes\/wp-json\/wp\/v2\/posts\/353\/revisions"}],"predecessor-version":[{"id":355,"href":"https:\/\/aimonks.com\/aibytes\/wp-json\/wp\/v2\/posts\/353\/revisions\/355"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aimonks.com\/aibytes\/wp-json\/wp\/v2\/media\/354"}],"wp:attachment":[{"href":"https:\/\/aimonks.com\/aibytes\/wp-json\/wp\/v2\/media?parent=353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aimonks.com\/aibytes\/wp-json\/wp\/v2\/categories?post=353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aimonks.com\/aibytes\/wp-json\/wp\/v2\/tags?post=353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}