Report Description Report Description and Highlights

Global Artificial Intelligence Market Trends:

The global market is majorly driven by the widespread adoption of cloud-based applications and services across numerous industry verticals. Supported by increasing digitization and significant growth in the information technology (IT) sector, numerous companies are now deploying AI-integrated systems in an attempt to streamline their work processes and improve operational efficiencies. The market is further driven by the rising need for reliable cloud computing infrastructures for numerous processes. These cloud-based solutions are increasingly integrated with AI tools to process accurate real-time data and improve the overall productivity, thereby gaining widespread prominence among the end users.

Apart from this, various online platforms are deploying AI-based algorithms and tools to analyze vast data sets for extracting specific insights that are further utilized for enhancing customer engagement. For instance, multiple over-the-top (OTT) platforms are employing AI-driven data insights in their applications for providing suggestions to their users based on their previous viewing patterns. Other factors, such as the increasing popularity of AI-powered industrial and surgical robots, rising preference for intelligent virtual assistants, and the rapid expansion of 5G infrastructure on the global level, are also contributing to the market growth.