The global aritificial intelligence market is currently valued at more than USD 179 billion in 2016 and is expected to reach around USD 968 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global artificial intelligence market, under its media and entertainment portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Amazon Web Services, IBM, Siemens, and Omron Adept Technologies.
According to Ujjwal Doshi, a lead analyst for media and entertainment research at Technavio, “The growing development of the deep learning technology has enabled the execution of complex functions such as high-speed data processing, image recognition, and voice recognition. Google has used this technology to build speech recognition software in its latest Android mobile.”
Deep learning technology has immense potential for growth during the forecast period. Currently, it is used in the development of industrial robots to provide them learning ability and the ability to train other robots.
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Growing popularity of swarm AI technology
Swarm intelligence is defined as the collective behavior of decentralized, self-organized, and simple agents that can constantly communicate with each other and adapt to different environments. Particle swarm intelligence, a new subset of the swarm AI technology, is being used in nuclear reactors for superior process control. Furthermore, AI swarm technology provides robots with properties of miniaturization, self-sufficiency, and coordination with similar devices to execute complex tasks and formulate decisions that are based on real-time data.
Increasing use of AI to combat cyber security threats
AI systems can easily replace large teams of tier-1 SOC analysts, which may miss or delay diagnosing cyber security threats in large threat data. Legacy-based security products provide protection against security threats either through segmentation and separation or by using prior knowledge of a threat. However, the next-generation security products, which are based on AI technologies, such as deep learning, can identify and kill malware rapidly during its developmental stage. This will allow security technologies to adopt an open approach instead of a restrictive approach to data access.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Artificial Intelligence Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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