Artificial Intelligence Market Size to Reach $ 35870 Million by 2025: Grand View Research, Inc.

Artificial Intelligence Market Size to Reach $ 35870 Million by 2025: Grand View Research, Inc.

SAN FRANCISCO, Jul 26, 2017 (PR Newswire Europe via COMTEX) — SAN FRANCISCO, July 26, 2017 /PRNewswire/ — The globalartificial intelligence market [http://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-market ] is expected to reach USD 35,870.0 million by 2025 from its direct revenue sources, growing at a CAGR of 57.2% from 2017 to 2025, whereas it is expected to garner around USD 58,975.4 million by 2025 from its enabled revenue arenas, according to a new report by Grand View Research, Inc. Artificial Intelligence (AI) is considered to be the next stupendous technological development, alike past developments such as the revolution of industries, the computer era, and the emergence of smartphone technology. The North American region is expected to dominate the industry due to the availability of high government funding, the presence of leading players, and strong technical base. Advances in image and voice recognition are driving the growth of the artificial intelligence market as improved image recognition technology is critical to offer enhanced drones, self-driving cars, and robotics. The AI market can be categorized based on solutions, technologies, end use, and geography. The two major factors enabling market growth are emerging AI technologies and growth in big data espousal. The growing prominence of artificial intelligence is…


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