Artificial Intelligence Market by Technology- Global Forecast to 2022
Report Description “Artificial intelligence market to grow at a CAGR of 62.9%” According to the new market research report on artificial intelligence, this market is expected to be worth USD 16.06 billion by 2022, growing at a CAGR of 62.9% from 2016 to 2022. The growth of the artificial intelligence market can be attributed to the growing application of artificial intelligence in various industries and the increasing adoption of AI for improving consumer service. However, the lack of availability of low-cost and energy-efficient hardware, especially high-speed computing hardware, is hindering the growth of AI market “Natural language processing is expected to grow at the highest rate from 2016 to 2022”
Report Description The market for natural language processing (NLP) is expected to witness fastest CAGR from 2016 to 2022. The growing adoption of NLP in various applications such as AI-powered robots, smartphones, car-infotainment systems, navigation systems, and personal assistant systems, among others is largely driving its growth. Moreover, the deep learning technology is likely to grow at the second-highest CAGR from 2016 to 2022.
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Table of content 1 INTRODUCTION 16 1.1 OBJECTIVES OF THE STUDY 16 1.2 MARKET DEFINITION 16 1.3 SCOPE OF THE STUDY 17 1.3.1 MARKETS COVERED 17 1.3.1.1 Geographic scope 17 1.3.2 YEARS CONSIDERED FOR THE STUDY 18 1.4 CURRENCY 18 1.5 LIMITATIONS 19 1.6 STAKEHOLDERS 19 2 RESEARCH METHODOLOGY 20 2.1 RESEARCH DATA 20 2.1.1 SECONDARY DATA 21 2.1.1.1 Key data from secondary sources 21
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