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Artificial intelligence Future
Artificial intelligence, referring to the creation of intelligent hardware or software, able to replicate "human" behaviors such as learning and problem solving, is a field of computer science that has been the subject of people’s imaginations and science fiction movies for decades. Although the term was coined by Stanford professor John McCarthy in 1956, it has become a commonplace term, often portrayed in movies by robots that act like humans in various contexts – from robots overthrowing their human masters to societies where robots and humans live side by side.
The applications for artificial intelligence are effectively limitless, and this field of computer science is extremely promising. Worldwide revenue from the AI market is projected to increase tenfold between 2017 and 2022. Companies, particularly from software and information technology services industries, are investing heavily in artificial intelligence. At the same time, AI-focused startups have been gaining momentum and attention from investors, with the funding of AI-startup companies nearly doubling from 2013 to 2015. The majority of startup companies working in the AI market are focusing on applications for machine learning, a type of artificial intelligence which allows computers to learn without human assistance.
At last count, at least 260 startups have been founded to work on this particular AI category. Many startups have also bet on the natural language processing market, which involves voice and speech recognition and text prediction, to name a few applications. This particular AI market is forecast to grow by 28.5 percent in 2017.
Another important market within the artificial intelligence industry is big data. The term "big data" describes the enormous amount of data that inundate businesses on a constant basis, as well as the industry which has grown around attempts to collect, analyze, and act upon that data. The ability to harness big data effectively allows businesses to make faster, smarter decisions and improve short- and long-term strategic planning. Due to the size and complexity of these massive data sets, artificial intelligence is seen as one of the answers to finding meaningful answers within the sea of data available. Revenue from big data and business analytics worldwide added up to 122 billion U.S. dollars in 2015. By 2020, this figure is forecast to pass the 200 billion U.S. dollar mark for the first time.
The IFF data shows the size of the artificial intelligence market worldwide, from 2016 to 2025. In 2018, the global AI market is expected to be worth approximately 7,35 billion U.S. dollars. That the global market revenues are expected to grow from 7.4 billion U.S. dollars in 2018 to 89.85 billion in 2025. North America is set to account for the majority of those revenues, with Asia Pacific and Europe battling for the second spot throughout this period. As representatives of these three regions, the United States, China and the United Kingdom were already in the lead in terms of AI companies’ concentration in early 2018.
Global AI Revenue Market Size from 2016-2025
ASSO regards each project as the best communication bridge between us and our customers. ASSO solemnly promises that ASSO will treat each project as our most important customer project. We will go all out and never give up. ASSO regards each other's excellence as the purpose of our service. ASSO's services involve regional analysis, market data, player share, market decision-making, marketing and product positioning
– Allen King
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