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Sunday, December 23, 2018

Artificial Intelligence Predictions for the year 2019 | Artificial Intelligence - Dataconomy

Artificial Intelligence is dominating innovation in companies across the globe- doesn’t matter if they are giant conglomerates or young startups, as Dataconomy reports.  

Photo: from Pexels
According to a report by Research and Markets titled Artificial Intelligence Market by Technology, and Industry Vertical – Global Opportunity Analysis and Industry Forecast, 2018-2025, the global Artificial Intelligence market size is expected to reach $169,411.8 million in 2025, from $4,065 million in 2016 growing at a CAGR of 55.6% from 2018 to 2025. 

In this report, the AI market is segmented by technology, industry vertical, and geography. The various technologies are sub-divided into Machine Learning, natural language processing, image processing, and speech recognition. In 2016, the machine learning segment dominated the market, in term of revenue, and is expected to maintain this trend in the coming years, owing to an increase in demand for artificial intelligence industry solutions. According to Statista, the largest proportion of revenues come from the AI for enterprise applications market.  

Here is a look at the AI Predictions for the year 2019: 

Source: Dataconomy