Global Artificial Intelligence Market: Key Highlights
Global Artificial Intelligence Market: Key Market Dynamics
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Global Artificial Intelligence Market: Regional Overview
North America is expected to dominate the AI market during forecast period due to growing usage of artificial intelligence in aviation, defense, and financial sector. US and Canada holds the largest market share in North America. Presence of key leading players and their investments in artificial intelligence market are also fueling the growth of the market during growth period.
Europe is expected to hold second position in the AI market. Growing healthcare, security, and automotive market in Europe will drive the AI market in Europe. Germany, France, Italy, and Russia will drive the growth of AI in Europe. Italy, Switzerland, and Norway are expected to grow at stable rate during growth period.
Asia-Pacific will expected to grow at highest CAGR during forecast period due to high presence of gaming, automotive, and manufacturing industry.
Global Artificial Intelligence Market: Key Players Overview
Facebook, Inc. operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through personal computers, mobile devices, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. The company provide cutting edge open source frameworks, tools, libraries, and models for research exploration to large-scale production deployment and do advancement in AI. In May 2020, Facebook launched universal product recognition model that uses artificial intelligence to identify consumer goods, from furniture to fast fashion to fast cars.
Microsoft is one of the biggest organization in the world which operates in six business segments such as software, PC & devices, entertainment, nosiness, developer & IT, and others. The company provide various AI services, platforms, and tools for performing various applications. In June 2019, Microsoft launched AI digital labs in collaboration with 10 higher educational institutions in India.
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