Global Artificial Intelligence Platform market will reach 77.0 billion US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/27

A number of factors are foreseen to encourage growth in the global artificial intelligence platform market. Some of them are the rising need to improve customer experience, advantages of reduced cost and increased operational efficiency, swelling demand for artificial intelligence-based solutions, and rapidly increasing rate of data generation.

The need to make informed business decisions by properly analyzing large amounts of data is envisaged to increase the deployment of artificial intelligence platform in different industries, including e-commerce, retail, healthcare, and BFSI. Machine learning is one important tool predicted to gain a whole lot of demand in the global market.

However, data privacy issues and lack of skilled professionals are expected to hinder the growth of the global market. Nonetheless, emerging economies showing aggressive expansion of domestic enterprises and higher technological advancement are anticipated to create strong growth prospects in the market.

As per the report, the market is foretold to reach a valuation of over US$ 77.0 Bn by the end of 2025 at a staggering CAGR of 48.6% between 2019 and 2025. In 2018, the valuation was more than a US$ 4,800 Mn.

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https://www.qyresearch.com/Index/detail/918771/global-artificial-intelligence-platform-market
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