Artificial Intelligence Platforms Market Expected to Grow by $17.29 Billion | Opportunities evolving with Alphabet Inc., Amazon.com Inc. and Microsoft Corp. | Over 17,000 Technavio reports |

NEW YORK, January 13, 2022 /PRNewswire/ — 68% of growth will come from North America for the artificial intelligence platform market. The United States is the key market for the artificial intelligence platform market in North America. The United States and Canada together hold around 26% of all global AI-related patent applications, while IBM holds the largest share of AI-related patents, followed by Microsoft and Google. Market growth in this region will be slower than market growth in APAC, Europeand MEA. The need for machine-driven automated decisions will facilitate the growth of the artificial intelligence platform market in North America over the forecast period. The artificial intelligence platform market is expected to grow by $17.29 billion at 35% CAGR from 2020 to 2025, according to Technavio’s latest research report.

For more insights on Artificial Intelligence Platforms Market – Download our free sample report

The artificial intelligence platforms market covers the following areas:

Artificial Intelligence Platforms Market – Pilot

The key factor driving the growth of the artificial intelligence platform market is the increase in demand for AI-based solutions. With the increasing application of robotics in repetitive and risky tasks, end users are increasingly looking for ways to eliminate the drawbacks of industrial automation and robotic technologies. These limitations are due to factors such as cost, computing capacity, storage, size, power supply, motion mode, and working environment. SMBs are adopting cloud solutions to take advantage of the scalability of hardware and resources offered by cloud providers. Organizations can scale their workload only if and when necessary and thus eliminate the need to set up their own data centers which involve high CAPEX and operational expenses (OPEX). The increased need for automation and optimization of business operations is pushing more and more organizations to adopt AI-based solutions.

Artificial Intelligence Platforms Market – Challenge

the increase in data privacy concerns will be a major challenge for the artificial intelligence platform market. AI applications involve several safety and security issues. The risk of information leakage is high in AI solutions and can lead to misuse or manipulation of data. In addition, customers are concerned about the lack of transparency regarding the use and processing of data. These issues can have several legal and security ramifications related to organizational infrastructure, access control, identity management, risk management, regulatory and legislative compliance, auditing and logging. . AI-based solutions leverage large volumes of data to derive insights for future business planning and operations optimization. Data processed by AI can be retrieved from multiple connected devices, however, this affects data security and privacy through data mining, identification and tracking, voice and facial recognition and profiling client.

Artificial Intelligence Platforms Market – Segmentation and Revenue Generation

The Artificial Intelligence Platform Market is segmented by Deployment (on-premises and cloud-based) and Geography (North America, APAC, Europe, South America, and MEA).

The growth of the artificial intelligence platform market share by the on-site segment will be important for revenue generation. On-premises AI platforms are primarily developed and used by large enterprises that have a global presence with the aim of gaining more control and ownership over their operations as well as the data generated and stored in the application. . Organizations are applying AI and ML technologies to extract and analyze large datasets containing sensitive information. Therefore, these organizations prefer to operate through an on-premises deployment rather than in the cloud.

The Technavio report presents a detailed picture of the market through study, synthesis and summation of data from multiple sources by analysis of key parameters.

For more information on segmentation – Request an exclusive free sample now!

Companies cited

the artificial intelligence platform market is concentrated and vendors are deploying growth strategies such as strategic alliances to compete in the market.

  • Alibaba Group Holding Ltd.
  • Alphabet Inc.
  • Amazon.com Inc.
  • Microsoft Corp.
  • Palantir Technologies Inc.
  • Salesforce.com Inc.
  • SAP SE
  • SAS Institute Inc.
  • Tata Consultancy Services Ltd.
  • International Business Machines Corp.

Subscribe to our “Lite Plan” billed annually on $3000 to join a community, who are eligible to view 3 reports per month and download 3 reports per year.

Related reports:

Artificial Intelligence in Diagnostics Market –The artificial intelligence in diagnostics market share is expected to grow by $2.22 billion between 2022 and 2026 at a CAGR of 32.14%. Download a free sample now!

Artificial intelligence in the energy market – Artificial Intelligence in Energy Market Size has the potential to grow USD 6.79 Billion during the period 2021-2025, and the growth momentum of the market will slow down at a CAGR of 34.19%. Download a free sample now!

Scope of the Artificial Intelligence Platforms Market

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 35%

Market Growth 2021-2025

$17.29 billion

Market structure

Concentrated

Annual growth (%)

32.12

Regional analysis

North America, APAC, Europe, South America and MEA

Successful market contribution

North America at 68%

Main consumer countries

USA, China, UK, Germany and Japan

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Microsoft Corp., Palantir Technologies Inc., Salesforce.com Inc., SAP SE, SAS Institute Inc., Tata Consultancy Services Ltd. and International Business Machines Corp. .

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Manager

USA: +1 844 364 1100

UK: +44 203 893 3200

E-mail: [email protected]Website: www.technavio.com/

View original content to download multimedia: https://www.prnewswire.com/news-releases/artificial-intelligence-platforms-market-to-grow-by-usd-17-29-bn–evolving-opportunities- with-alphabet-inc-amazoncom-inc–microsoft-corp–17000-technavio-reports-301459560.html

SOURCETechnavio

Comments are closed.