Asia Pacific Artificial Intelligence Market By Technology (Machine learning, Natural language processing, Image processing, Speech Recognition ), Application (Government & Defense, BFSI, Consumer Goods & Retail, Telecom & IT, Healthcare, Energy & Utilities, Manufacturing, Education, Transportation)
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The Asia Pacific artificial intelligence market is expected to grow at a CAGR of 46.9% from 2016 to 2022. Today, big data, that is generated exponentially every hour, becomes a treasurable asset to many organizations. To be competitive in a dynamic data-driven and Web-centric market, most of the high-tech companies such as Google, Apple, Intel, IBM, Microsoft, etc.
employ big data analytics (BDA) to mine insights within their big data to drive productivity, effectiveness, and efficiency. On the other hand, artificial intelligence (AI) has grown rapidly from a nascent stage to intermediate one in the last decade. AI is a youthful field in Computer Science in building an autonomous machine that intends to replace humans with daily activities. Robots mimic human behavior and frequently perform dangerous tasks. AI scientists seek to create autonomous machines such as humanoid robots that have the capability of reasoning as human common sense.
The report highlights the adoption of Artificial Intelligence market in Asia Pacific region. Based on the Technology, the Artificial Intelligence Market is segmented into Machine learning, Natural language processing, Image processing and Speech recognition market. On the basis of Application, the market is bifurcated into Government & Defense, BFSI, Consumer Goods & Retail, IT & Telecom, Healthcare, Energy & Utilities, Manufacturing, Education, Transportation and Others segment.
The market is further geographically segmented into China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific market. Key Players profiled in the report include IPSoft, Rocket Fuel Inc., Qlik Technologies Inc., Microstrategy Inc., Brighterion Inc., Microsoft Corporation, Google Inc., IBM Corporation, 247 Customer Inc., Next IT Corporation.