Report Scope:
In this report, the market has been segmented based on technology, deployment, organization size, end-user industry and geography. The report provides an overview of the global market for artificial intelligence and analyzes market trends. Using 2017 as the base year, the report provides estimated market data for the forecast period 2018 through 2023. Revenue forecasts for this period are segmented based on deployment, organization size, end-user industry and geography. Market values have been estimated based on the total revenues of software and solution providers.
The report covers the market for artificial intelligence with regard to application sectors in various geographic regions. It also focuses on the major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for artificial intelligence in 2017 and provides projections of the expected market size through 2023.
Based on technology, the global artificial intelligence market is segmented into machine learning, natural language processing (NLP), computer vision and expert systems. Based on deployment mode, the global artificial intelligence market is divided into on-premise deployment and cloud deployment. Based on organization size, the artificial intelligence market is segmented into small and medium-sized enterprises (SMEs) and large enterprises. Market segmentation by organization size is based on the number of employees in each type of organization. The SME segment includes enterprises with 10 to 500 employees, and organizations with more than 500 employees are considered to be in the large enterprise segment. Based on industry verticals, the market is segmented into manufacturing; banking, financial services and insurance (BFSI); healthcare and life sciences; retail; IT and telecom; government and defense; manufacturing; energy and utilities; and others. By region, the market is segmented into North America, Europe, Asia-Pacific and RoW (Rest of World). Revenue forecasts for the period 2018 to 2023 are provided for all the previously mentioned segments of the artificial intelligence market, with estimated values derived from software and solution providers' total revenue.
The report also includes a chapter describing the major players in the market. It explains the major drivers, competitive landscape and current trends in the artificial intelligence market. The report concludes with an analysis of the artificial intelligence vendor landscape and includes detailed profiles of the major players in the global machine learning market.
Note: This report provides market estimates only for the software component of the artificial intelligence market.
Report Includes:
- 52 data tables and 36 additional tables
- An overview of the global market for artificial intelligence
- Country-specific data and analysis for USA, Canada, Mexico, Germany, France, UK, China, India and Japan
- Coverage of technological background and history of artificial intelligence
- Detailed description of artificial intelligence hardware architecture, their current market scenario and future trends
- Information on concept of robotics, autonomous vehicles and virtual agents
- Assessment of artificial intelligence deployment in IT & telecom, and Banking, Financial services and Insurance (BFSI) sector
- Company profiles of major players in the market, including Amazon Inc., Alphabet Inc., Apple Inc., Hewlett Packard Enterprise, Intel Corp., IBM, Microsoft Corp., Oracle Corp., Salesforce.com, SAP SE and SAS Institute Inc.
Summary
Artificial Intelligence is one of the fastest growing areas of computer science, with a wide range of applications. Artificial intelligence refers to the ability of a computer to think and learn like a human. The applications of artificial intelligence have already pervaded many industries, bringing potential benefits that have been predicted to double the annual economic growth rate in several developed economies in the future. A majority of the currently used AI applications are built around so-called "weak" AI agents, which exhibit cognitive abilities in some areas. Artificial intelligence applications ranging from chatbots to autonomous cars are transforming many industries and societies by bringing benefits such as increased efficiency, new products and a reduction in repetitive tasks.
According to BCC Research estimates, the global artificial intelligence market was valued at $REDACTED billionin 2017. The global artificial intelligence market is forecast to reach $REDACTED billion by 2023, growing at a compound annual growth rate (CAGR) of REDACTED%. The growth of the artificial intelligence market is being driven largely by factors such as increasing computing power, the increasing availability of big data for learning, and the development of smarter and better algorithms. However, the market for artificial intelligence is being restrained by factors such as a lack of skilled labor and data privacy issues amongconsumers.
For purposes of this report, the global market for artificial intelligence was segmented based on technology, deployment, organization size, end-user industry and geography. Based on technology, the market has been classified into machine learning, natural language processing, computer vision and expert systems. Based on deployment model, the artificial intelligence market has been segmented into cloud and on-premise solutions. Cloud deployment, which currently dominates the market, accounted for revenues of $REDACTED billion in 2017. The cloud deployment segment is expected to grow at a CAGR of REDACTED% and is forecast to reach nearly $REDACTED billion by 2022. Based on organization
size, the global artificial intelligence market has been categorized into large enterprises and small and medium-sized enterprises (SMEs). Large enterprises currently dominate the adoption of artificial intelligence solutions and are expected to maintain their dominant position over the forecast period due to their large volumes of structured data and their skilled workforces.
Based on end-use vertical segments, the artificial intelligence market has been classified into aerospace and defense, automotive, agriculture, BFSI, government and public services, healthcare and life sciences, IT and telecom, energy and utilities, manufacturing, retail, media and entertainment, and others. The BFSI segment was the most dominant industry vertical, with a value of $REDACTED million in 2017. The BFSI segment is estimated to grow at a CAGR of REDACTED% and is forecast to reach over $REDACTED billion by 2023. In the financial sector, artificial intelligence is being used for applications such as customer service, fraud detection, algorithmic trading and cybersecurity. Financial firms collect massive amounts of data. Using AI tools such as deep learning and machine learning, these companies can gain actionable insights that have the potential to affect productivity, decision making, efficiency and profits. Healthcare and lifesciences is expected to be the fastest growing end-user segment of the artificial intelligence market. Artificial intelligence solutions in healthcare have transformed the ways in which healthcare services areprovided. In this sector, artificial intelligence is being used for a wide range of applications including disease detection, management of chronic conditions, delivery of health services and drug delivery.
Artificial Intelligence: Applications and Global Markets
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Scope of Report
Reasons for Doing the Study
Intended Audiences
Information Sources
Methodology
Geographic Breakdown
Analysts' Credentials
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Artificial Intelligence: Market Overview
Technological Background/History of Artificial Intelligence
Future of Artificial Intelligence
Future of Machine Learning
Value Chain Analysis
Platforms
Application Developers/Agents
Solution Providers
Market Drivers
Increasing Computational Power and Declining Costs
Increasing Availability of Big Data for Learning and Prediction
Smarter and Better Algorithms
Market Restraints
Lack of Skilled Labor
Data Privacy Issues
Chapter 4 Market Breakdown by Technology
Introduction
Machine Learning
Types of Machine Learning
The Machine Learning Process
Market Size and Forecast
Deep Learning
Market Size and Forecast
Natural Language Processing
Market Size and Forecast
Computer Vision
Applications of Computer Vision
Market Size and Forecast
Expert Systems
Market Size and Forecast
Chapter 5 Market Breakdown by Deployment
Introduction
On-premise Deployment
Market Size and Forecast
Cloud-based Deployment
Market Size and Forecast
Chapter 6 Market Breakdown by Organization Size
Introduction
Large Enterprises
Market Size and Forecast
Small and Medium-sized Enterprises
Market Size and Forecast
Chapter 7 Market Breakdown by End-User Industry
Introduction
Banking, Financial Services and Insurance (BFSI)
Machine Learning Applications in the Financial Sector
Market Size and Forecast
Healthcare and Life Sciences
Patient and Consumer Facing Applications
Market Size and Forecast
Retail
Market Size and Forecast
IT and Telecommunication
Market Size and Forecast
Government and Public Services
Market Size and Forecast
Manufacturing
Market Size and Forecast
Energy and Utilities
Market Size and Forecast
Agriculture
Market Size and Forecast
Automotive
Market Size and Forecast
Aerospace and Defense
Market Size and Forecast
Media and Entertainment
Market Size and Forecast
Others
Market Size and Forecast
Chapter 8 Market Breakdown by Region
Introduction
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of World
Chapter 9 Competitive Landscape
Strategic Analysis
Product Launches
Product Upgrades
Partnerships/Collaborations
Acquisitions
Market Expansion
Platform Comparison of Major Machine Learning Cloud Vendors
Market Share Analysis of Cloud-platform Machine Learning Vendors
Chapter 10 Company Profiles
AMAZON INC.
Company Overview
Business Performance
Product Portfolio
Strategic Overview
Recent Developments
AIBRAIN LLC
Company Overview
Product Portfolio
Recent Developments
ALPHABET INC. (GOOGLE INC.)
Company Overview
Business Performance
Product Portfolio
Strategic Overview
Recent Developments
AICURE LLC
Company Overview
Product Portfolio
APPLE INC.
Company Overview
BAIDU INC.
Company Overview
Performance
Strategic Overview
BIGML INC.
Company Overview
Products and Services
Recent Developments
H20.AI
Company Overview
Product Portfolio
Recent Developments
HEWLETT PACKARD ENTERPRISE CO.
Company Overview
Business Performance
Product/Service Portfolio
Strategic Overview
INTEL CORP.
Company Overview
Business Performance
Product Portfolio
Strategic Overview
Recent Developments
INTERNATIONAL BUSINESS MACHINES CORP.
Company Overview
Business Performance
Product Portfolio
Strategic Overview
Recent Developments
MICROSOFT CORP.
Company Overview
Business Performance
Product Portfolio
Recent Developments
ORACLE CORP.
Company Overview
Business Performance
Product Portfolio
Recent Developments
SALESFORCE.COM INC.
Company Overview
Business Performance
Products and Services
Strategic Development
SAP SE
Company Overview
Business Performance
Product Portfolio
Recent Developments
SAS INSTITUTE INC.
Company Overview
Business Performance
Product Portfolio
Recent Developments
List of Tables
Summary Table : Global Artificial Intelligence Market, by Region, Through 2023
Table 1 : Global Artificial Intelligence Market, by Technology, Through 2023
Table 2 : Global Artificial Intelligence Market for Machine Learning, by Region, Through 2023
Table 3 : Global Artificial Intelligence Market for Deep Learning, by Region, Through 2023
Table 4 : Global Artificial Intelligence Market for Natural Processing Language, by Region, Through 2023
Table 5 : Global Artificial Intelligence Market for Computer Vision, by Region, Through 2023
Table 6 : Global Artificial Intelligence Market for Expert Systems, by Region, Through 2023
Table 7 : Global Artificial Intelligence Market, by Type of Deployment, Through 2023
Table 8 : Global Artificial Intelligence Market for On-premise Deployment, by Region, Through 2023
Table 9 : Global Artificial Intelligence Market for Cloud Deployment, by Region, Through 2023
Table 10 : Global Artificial Intelligence Market, by Organization Size, Through 2023
Table 11 : Global Artificial Intelligence Market for Large Enterprises, by Region, Through 2023
Table 12 : Global Artificial Intelligence Market for Small-and Medium-Sized Enterprises, by Region, Through 2023
Table 13 : Global Artificial Intelligence Market, by End-User Industry, Through 2023
Table 14 : Global Artificial Intelligence Market for BFSI Sector, by Region, Through 2023
Table 15 : Global Artificial Intelligence Market for Healthcare and Life Sciences Sector, by Region, Through 2023
Table 16 : Global Artificial Intelligence Market for Retail Sector, by Region, Through 2023
Table 17 : Global Artificial Intelligence Market for IT and Telecommunication Sector, by Region, Through 2023
Table 18 : Global Artificial Intelligence Market for Government and Public Services Sector, by Region, Through 2023
Table 19 : Global Artificial Intelligence Market for Manufacturing Sector, by Region, Through 2023
Table 20 : Global Artificial Intelligence Market for Energy and Utilities Sector, by Region, Through 2023
Table 21 : Global Artificial Intelligence Market for Agriculture Sector, by Region, Through 2023
Table 22 : Global Artificial Intelligence Market for Automotive Sector, by Region, Through 2023
Table 23 : Global Artificial Intelligence Market for Aerospace and Defense Sector, by Region, Through 2023
Table 24 : Global Artificial Intelligence Market for Media and Entertainment Sector, by Region, Through 2023
Table 25 : Global Artificial Intelligence Market for the Other End-user Industries, by Region, Through 2023
Table 26 : Global Artificial Intelligence Market, by Region, Through 2023
Table 27 : North American Market for Artificial Intelligence, by Type of Deployment, Through 2023
Table 28 : North American Market for Artificial Intelligence, by Organization Size, Through 2023
Table 29 : North American Market for Artificial Intelligence, by End-User Industry, Through 2023
Table 30 : North American Market for Artificial Intelligence, by Country, Through 2023
Table 31 : European Market for Artificial Intelligence, by Type of Deployment, Through 2023
Table 32 : European Market for Artificial Intelligence, by Organization Size, Through 2023
Table 33 : European Market for Artificial Intelligence, by End-User Industry, Through 2023
Table 34 : European Market for Artificial Intelligence, by Country, Through 2023
Table 35 : Asia-Pacific Market for Artificial Intelligence, by Type of Deployment, Through 2023
Table 36 : Asia-Pacific Market for Artificial Intelligence, by Organization Size, Through 2023
Table 37 : Asia-Pacific Market for Artificial Intelligence, by End-User Industry, Through 2023
Table 38 : Asia-Pacific Market for Artificial Intelligence, by Country, Through 2023
Table 39 : RoW Market for Artificial Intelligence, by Type of Deployment, Through 2023
Table 40 : RoW Market for Artificial Intelligence, by Organization Size, Through 2023
Table 41 : RoW Market for Artificial Intelligence, by End-User Industry, Through 2023
Table 42 : Global Artificial Intelligence Market, Product Launches, January 2016-September 2018
Table 43 : Global Artificial Intelligence Market, Product Upgrades, January 2016-September 2018
Table 44 : Global Artificial Intelligence Market, Partnerships/Collaborations, January 2016-September 2018
Table 45 : Global Artificial Intelligence Market, Acquisitions, January 2016-September 2018
Table 46 : Global Artificial Intelligence Market, Market Expansion, January 2016-September 2018
Table 47 : Machine Learning: Platform Comparison of Major Cloud Vendors, by Interface
Table 48 : Machine Learning: Platform Comparison of Major Cloud Vendors, by Algorithms and Modeling Methods
Table 49 : Machine Learning: Platform Comparison of Major Cloud Vendors, by Data Location Requirements
Table 50 : Machine Learning: Platform Comparison of Major Cloud Vendors, by Pricing
Table 51 : Amazon: Net Revenue, 2015-2017
Table 52 : Amazon: Products and Services
Table 53 : Amazon: Recent Developments, 2016 and 2017
Table 54 : AIBrain: Products and Services
Table 55 : AIBrain: Recent Developments, 2018
Table 56 : Alphabet: Net Revenue, 2015-2017
Table 57 : Alphabet Inc.: Products and Services
Table 58 : Alphabet Inc.: Recent Developments, 2018
Table 59 : AiCure: Products and Services
Table 60 : Baidu: Net Revenue, 2015-2017
Table 61 : BigML: Products and Services
Table 62 : BigML: Recent Developments, 2017
Table 63 : H2O.ai: Products and Services
Table 64 : H20.ai: Recent Developments, 2017 and 2018
Table 65 : Hewlett Packard Enterprise: Net Revenue, 2015-2017
Table 66 : Hewlett Packard Enterprise: Products and Services
Table 67 : Intel Corp.: Net Revenue, 2015-2017
Table 68 : Intel Corp.: Products and Services
Table 69 : Intel Corp.: Recent Developments, 2016-2018
Table 70 : IBM: Net Revenue, 2015-2017
Table 71 : IBM: Products and Services
Table 72 : IBM: Recent Developments, 2016-2018
Table 73 : Microsoft Corp.: Net Revenue, 2015-2017
Table 74 : Microsoft Corp.: Products and Services
Table 75 : Microsoft Corp.: Recent Developments, 2016-2018
Table 76 : Oracle Corp.: Net Revenue, 2016-2018
Table 77 : Oracle Corp.: Products and Services
Table 78 : Oracle Corp.: Recent Developments, 2018
Table 79 : Salesforce.com: Net Revenue, 2016-2018
Table 80 : Salesforce.com: Products and Services
Table 81 : Salesforce.com: Recent Developments, 2017
Table 82 : SAP: Net Revenue, 2015-2017
Table 83 : SAP: Products and Services
Table 84 : SAP: Recent Developments, 2017 and 2018
Table 85 : SAS Institute: Net Revenue, 2014-2016
Table 86 : SAS Institute: Products and Services
Table 87 : SAS Institute: Product Launches, 2016-2018
List of Figures
Summary Figure : Global Artificial Intelligence Market, by Region, 2017-2023
Figure 1 : Artificial Intelligence: Value Chain
Figure 2 : Global Artificial Intelligence Market, by Technology, 2017-2023
Figure 3 : Machine Learning Process Flow
Figure 4 : Global Artificial Intelligence Market for Machine Learning, by Region, 2017-2023
Figure 5 : Global Artificial Intelligence Market for Deep Learning, by Region, 2017-2023
Figure 6 : Global Artificial Intelligence Market for Natural Processing Language, by Region, 2017-2023
Figure 7 : Global Artificial Intelligence Market for Computer Vision, by Region, 2017-2023
Figure 8 : Global Artificial Intelligence Market for Expert Systems, by Region, 2017-2023
Figure 9 : Global Artificial Intelligence Market, by Type of Deployment, 2017-2023
Figure 10 : Global Artificial Intelligence Market for On-premise Deployment, by Region, 2017-2023
Figure 11 : Global Artificial Intelligence Market for Cloud Deployment, by Region, 2017-2023
Figure 12 : Global Artificial Intelligence Market, by Organization Size, 2017-2023
Figure 13 : Global Artificial Intelligence Market for Large Enterprises, by Region, 2017-2023
Figure 14 : Global Artificial Intelligence Market for Small-and Medium-Sized Enterprises, by Region, 2017-2023
Figure 15 : Global Artificial Intelligence Market Share, by End-User Industry, 2017
Figure 16 : Artificial Intelligence: Applications in Banking Sector
Figure 17 : Global Artificial Intelligence Market for BFSI Sector, by Region, 2017-2023
Figure 18 : Global Artificial Intelligence Market for Healthcare and Life Sciences Sector, by Region, 2017-2023
Figure 19 : Global Artificial Intelligence Market for Retail Sector, by Region, 2017-2023
Figure 20 : Global Artificial Intelligence Market for IT and Telecommunication Sector, by Region, 2017-2023
Figure 21 : Global Artificial Intelligence Market for Government and Public Services Sector, by Region, 2017-2023
Figure 22 : Global Artificial Intelligence Market for Manufacturing Sector, by Region, 2017-2023
Figure 23 : Global Artificial Intelligence Market for Energy and Utilities Sector, by Region, 2017-2023
Figure 24 : Global Artificial Intelligence Market for Agriculture Sector, by Region 2017-2023
Figure 25 : Global Artificial Intelligence Market for Agriculture Sector, by Region 2017-2023
Figure 26 : Global Artificial Intelligence Market for Aerospace and Defense Sector, by Region, 2017-2023
Figure 27 : Global Artificial Intelligence Market for Media and Entertainment Sector, by Region, 2017-2023
Figure 28 : Global Artificial Intelligence Market for the Other End-User Industries, by Region, 2017-2023
Figure 29 : Global Artificial Intelligence Market, by Region
Figure 30 : Global Artificial Intelligence Market Share, by Region, 2017
Figure 31 : U.S. Market for Artificial Intelligence, 2017-2023
Figure 32 : Canadian Market for Artificial Intelligence, 2017-2023
Figure 33 : Mexican Market for Artificial Intelligence, 2017-2023
Figure 34 : German Market for Artificial Intelligence, 2017-2023
Figure 35 : U.K. Market for Artificial Intelligence, 2017-2023
Figure 36 : French Market for Artificial Intelligence, 2017-2023
Figure 37 : Rest of European Market for Artificial Intelligence, 2017-2023
Figure 38 : Chinese Market for Artificial Intelligence, 2017-2023
Figure 39 : Indian Market for Artificial Intelligence, 2017-2023
Figure 40 : Japanese Market for Artificial Intelligence, 2017-2023
Figure 41 : Rest of Asia-Pacific Market for Artificial Intelligence, 2017-2023
Figure 42 : Global Artificial Intelligence Market Share for Most Widely Used Strategies, 2016-2018*
Figure 43 : Developments in Global Artificial Intelligence Market Share, by Company, 2016-2018*
Figure 44 : Global Machine Learning Market Share, by Cloud-Platform Vendor, 2017
Figure 45 : Amazon: Sales Share, by Business Segment, 2017
Figure 46 : Amazon: Sales Share, by Country, 2017
Figure 47 : Alphabet: Sales Share, by Business Segment, 2016
Figure 48 : Alphabet: Sales Share, by Region, 2017
Figure 49 : Baidu: Sales Share, by Business Segment, 2017
Figure 50 : Baidu: Sales Share, by Country, 2017
Figure 51 : Hewlett Packard Enterprise: Sales Share, by Business Segment, 2016
Figure 52 : Hewlett Packard Enterprise: Sales Share, by Region, 2016
Figure 53 : Intel Corp.: Sales Share, by Business Segment, 2017
Figure 54 : Intel Corp.: Sales Share, by Region, 2016
Figure 55 : IBM: Sales Share, by Business Segment, 2017
Figure 56 : IBM: Sales Share, by Region, 2016
Figure 57 : Microsoft Corp.: Sales Share, by Business Segment, 2017
Figure 58 : Microsoft Corp.: Sales Share, by Region, 2017
Figure 59 : Oracle Corp.: Sales Share, by Business Segment, 2018
Figure 60 : Oracle Corp.: Sales Share, by Region, 2018
Figure 61 : Salesforce.com: Sales Share, by Business Segment 2018
Figure 62 : Salesforce.com: Sales Share, by Region, 2018
Figure 63 : SAP: Sales Share, by Business Segment 2017
Figure 64 : SAP: Sales Share, by Region, 2017
Figure 65 : SAS Institute: Sales Share, by Business Segment, 2016
Figure 66 : SAS Institute: Sales Share, by Region, 2016
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