Mediaboss Marketing

ALBANY, N.Y., May 3, 2021 /PRNewswire/ -- Seeming relatively new, the conception of artificial intelligence (AI) dates back to 1955 which was founded as an academic discipline. Since then, course of the technology has been a like that of a rollercoaster, with a mix of waves of elevation and dip, nonetheless, in the more recent times has witnessed new approaches, success and renewed funding. Meanwhile, with strong basis, advocates of AI and experts say AI will amplify human capabilities and disrupt eons-old human activities. This, currently, is already being experienced for complex decision-making, visual acuity, reasoning and learning, speech recognition and language translation, and sophisticated analytics and pattern recognition tasks.

With such a wide expanse of capabilities, the optimism for AI to boost the efficiency and effectiveness of business processes in nearly every industry is well received. For example, the healthcare industry perceives AI and its many applications can improve patient care to a great extent, by way of diagnosing and treating patients or helping the elderly and disabled live fuller and healthier lives. Such deliberation from the high-value healthcare industry is immense promising for the triumph of artificial intelligence, reckoned for solid applications in other service industries too. Manufacturing, agriculture, and energy are some other industry sectors that look on AI to transform end-to-end business processes to commence in the near-term itself. Therefore, this validates outstanding `growth with ~29% CAGR of the artificial intelligence market from 2020-2030.

Artificial Intelligence Market Key Findings of the Report

Sizeable use of AI-based Products, Mobile Apps amidst COVID-19 for Comprehensive Monitoring opens Unknown Opportunities

In the current crisis of COVID-19, big data and AI are being used extensively to monitor and handle the situation effectively. Health authorities, frontline workers, and health caregivers are leveraging AI to monitor cases, identify disease clusters, and analyze for future outbreaks. Taking a cue from the effectiveness of current AI systems, stakeholders in the AI market are making concerted efforts to develop early warning systems. Savvy players are reaching out to social platforms and news channels to obtain data and useful information, and use AI-based systems to extrapolate risk of occurrence in vulnerable regions. This creates immense opportunities in the AI market.

Download PDF Brochure https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4674

Explore 350 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Artificial Intelligence Market (Component: Hardware, Software, and Services; Application: Virtual Assistants/Chatbots, Forecasts & Modelling, Text Analytics, Speech Analytics, Computer Vision, Predictive Maintenance, and Others; and End User: BFSI, IT & Telecom, Manufacturing, Retail & eCommerce, Healthcare, Government, Energy & Utilities, Media & Entertainment, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/artificial-intelligence-market.html

Solid Use for Tangible Advantages of Banking Security, Compliance extends Ample Growth Opportunities

The banking, financial services, and insurance sector reaps sizeable advantages with the deployment of AI for new customer-centric approaches and next-gen business processes. Chatbots or digital personal assistant are the most popular AI-based software used in the banking sector, which helps to answer FAQs of customers.

Besides this, to safeguard the goldmine of personal and confidential information of customers, companies in the AI market are providing AI-enhanced security software for banking processes.

Analyze global artificial intelligence market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Furthermore, banking compliance and financial forecasting processes are creating value grab opportunities for players in the artificial intelligence market. For example, automation of manual compliances for Know Your Customer (KYC) and Anti-Money Laundering (AML) exercises are becoming customary in banking services.

Speculations of High worth of Computer Vision Technology in Self-driving Cars, Retail to create New Growth Vistas

Currently nascent, computer vision technology a subset of AI is being used in self-driving automobiles. The self-driving car Tesla by Elon Musk is a recent and popular example of use of computer vision technology. However, the road ahead for self-driving cars to be established, negating the high risk of fatal accidents is quite long.

In the interim, keen players in the AI market are tapping into incremental opportunities in the retail sector, wherein Amazon Go checkout-free self-service retailing is an example.

Request the Covid19 Impact Analysis athttps://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=4674

Artificial Intelligence Market Growth Drivers

Artificial Intelligence Market Key Players

Explore Transparency Market Research's award-winning coverage of the Global IT & Telecom Industry:

Robot Operating System Market- The global robot operating system (ROS) market is expected to reach a value of US$ 438.0 Mn by 2027 on account of ever expanding robots across a number of industries. The market is projected to expand at a CAGR of 9.2% during the forecast period from 2019 to 2027. The global robot operating system market is mainly driven by rising adoption of ROS in research & innovation and rising expansion of industrial capabilities.

Automated Fingerprint Identification Systems Market- To maintain the confidentiality of information and ensure the security of officials, more and more government institutions are adopting automated fingerprint identification systems. As such, government and security agencies account for the highest revenue in the automated fingerprint identification systems market, with an estimated value of ~US$ 15 billion by the end of 2027.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr Rohit BhiseyTransparency Market ResearchState Tower,90,StateStreet,Suite 700,Albany NY - 12207United StatesUSA - Canada Toll Free: 866-552-3453Email: [emailprotected] Website: http://www.transparencymarketresearch.com Press Release Source: https://www.transparencymarketresearch.com/pressrelease/artificial-intelligence-market.htm

SOURCE Transparency Market Research

Visit link:
Artificial Intelligence Market: Valuable Applications for host of Functions across a Spectrum of Industries extends lucrative growth Opportunities,...