Artificial Intelligence Software Platforms Market Analysis

  • Report ID: 3000
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

 

Artificial Intelligence Software Platforms Market Analysis

The artificial intelligence software platforms market is segmented based on model type into forecasts & prescriptive models, speech recognition, text recognition, and others, out of which, the forecasts & prescriptive models segment is anticipated to grab the largest share by the end of 2021 on account of its wide use in the analysis of customer behaviour. Moreover, forecasts & prescriptive models are also employed to recognize specific patterns in the data, which is also projected to contribute to the growth of the segment during the forecast period. On the basis of end-user, the healthcare segment in the artificial intelligence software platforms market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to its rapidly growing deployment of AI platforms to get insights from a large amount of data, enhance customer experience, analyse trends from the data and improve decision-making process.

Our in-depth analysis of the global market includes the following segments:

           By Model Type

  • Forecasts & Prescriptive Models
  • Speech Recognition
  • Text Recognition
  • Others

             By End-User

  • BFSI
  • Retail & E-Commerce
  • Manufacturing
  • Telecom & IT
  • Transportation & Automotive
  • Others
 
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Author Credits:  Abhishek Verma


  • Report ID: 3000
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for artificial intelligence based solutions, and advancement towards increasing operational efficiency are the key factors driving market growth.

The market is anticipated to attain a high CAGR of ~38.1%, over the forecast period, i.e., 2021-2029.

Rising concerns about data privacy and governance and shortage of manpower adept in artificial intelligence technology are estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to the increased advancement in technology and rapid expansion of domestic enterprises in the region.

The major players dominating the artificial intelligence software platforms market are Microsoft, Google, Salesforce, and IBM among others.
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