Tractica: AI market expanding rapidly with more than 1K companies

Tuesday November 6, 2018 0 comments Tags: Boulder, Tractica, artificial intelligence, Sherill Hanson

BOULDER -- More than 1,000 companies are now driving innovation in the AI market, some well-known technology heavyweights but also many emerging solution providers focused on tailored AI applications to serve tactical business needs in specific industries, according to a new report from Tractica.Tractica_logoUSE

Compared to a few years ago, the artificial intelligence (AI) market is starting to solidify around real-world applications with the pace of change being faster than it has ever been before, the report notes, as startups and technology providers rush to create platforms and targeted niche solutions for solving specific enterprise problems.

According to the report, the industry is churning and evolving quickly as merger-and-acquisition (M&A) activities abound, and it is homing in on areas of focus.

“The AI ecosystem is a tangled web of traditional technology providers that have adapted to shifting trends and new market entrants focused on using AI for solving problems in niche areas, in addition to well-established internet-era hyperscaler companies that are spearheading the push toward AI-first organizations,” said Sherril Hanson, Tractica research analyst.

The key categories of companies in Tractica’s mapping of the AI market ecosystem are:

  • Hyperscalers
  • Professional service providers
  • Solution providers
  • Application-focused solutions providers
  • Platforms
  • Virtual digital assistant (VDA) platforms
  • AI development platforms
  • Technologies
  • Computer vision (CV)
  • Natural language processing (NLP)
  • Deep learning (DL)
  • Machine reasoning (MR)
  • Strong AI
  • Hardware
  • Compute/networking/storage hardware
  • Chipsets

Tractica’s report, “Artificial Intelligence Market Ecosystem”, provides an in-depth examination of the market ecosystem for AI. The ecosystem is subcategorized into multiple segments, which include hyperscalers, professional service providers, application-focused solution providers, AI development platforms, virtual digital assistant platforms, computer vision, natural language processing, deep learning, machine reasoning, strong AI, compute/networking/storage hardware, and chipsets.

The report includes detailed profiles of 200 companies and 1,000 are included in the companion Excel databook. An Executive Summary of the report is available for free download on Tractica’s website.