Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
Rising adoption of AI technology, government investment to boost AI, increasing popularity of voice assistant devices, and uses of AI in the medical sector are the few factors that are likely to drive market growth.
The market is anticipated to attain a CAGR of 24.5% over the forecast period, i.e., 2022-2031.
The shortage of expert professionals, the confusion created by a different form of speech, and slow adoption of technology are estimated to be the growth hindering factors for the market expansion.
The major players in the market are Atilika, Inc., Baidu Research, JSOL Corporation, IQVIA Inc., NTT Media Intelligence Laboratories, FRONTEO Inc., Nvidia Corporation, 3M, IBM Corporation, Nikkei Inc., and LINE Corporation
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by component, deployment, enterprise size, type, application, end-user industry, and by region.
The BFSI segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
