Monday September 12, 2016 0 comments
BOULDER -- Global revenue for enterprise AI applications will increase from $358 million in 2016 to $31.2 billion by 2025, according to a new report from marketing intelligence firm Tractica.
Artificial intelligence (AI) technologies are quickly gaining mindshare among corporate executives around the world, the report said, driving a proliferation of use cases that touch virtually every industry.
AI technologies, which include deep learning, machine learning, natural language processing (NLP), and computer vision, among others, are designed to endow computers with human-like faculties such as hearing, seeing, reasoning and learning.
Investment is flowing rapidly into the development of AI technologies, both at the startup level as well as within some of the world’s leading technology companies.
Meanwhile, innovation in AI algorithms is progressing at a breakneck pace and industry players are scrambling to determine the optimal platforms to deliver AI-enabled services on a cost-effective basis across an ever-expanding set of use cases.
Tractica said it anticipates the top 10 industry sectors for enterprise AI adoption will be:
- Business Services
- Media & Entertainment
Tractica’s report, “Artificial Intelligence for Enterprise Applications”, provides an in-depth analysis of the market dynamics surrounding the growth of artificial intelligence for enterprise markets including an assessment of market drivers and challenges, business models, use cases, technology issues, and the competitive landscape.
Technologies covered by the study include machine learning, deep learning, natural language processing, computer vision, machine reasoning and strong AI.
Market sizing and revenue forecasts cover the period from 2016 through 2025 and are segmented by six technology areas, five world regions and 25 industry sectors.
The study also includes detailed profiles of more than 30 key industry players.
An Executive Summary of the report is available for free download on the firm’s website.