Europe Artificial Intelligence (AI) Market was valued at 17.20 billion in 2016 and is expected to grow at a CAGR of 23.6% between the forecast period of 2016 and 2024.
Europe Artificial Intelligence (AI) Market
The Europe Artificial Intelligence is segmented by offering, by technology, by an end user and country. An offering which is divided by hardware, software, and service. Based on technology classified as machine learning, natural language processing, context-aware computing, and computer vision. End-user industry sub segmented by healthcare, manufacturing, automotive, agriculture, social media, financial services. Country wise divided into UK, Germany, France, Italy, Spain, rest of Europe.
Artificial intelligence is that branch of computer science which aims and works on creating intelligent machines. Artificial intelligence has become an essential part of the complete technology industry. The biggest driver here with artificial intelligence lies in unlimited access to computing power. An example would be public cloud computing was projected to stretch to almost US$70 billion in 2015 itself. Secondly, the driver of AI lies in data storage that has also become abundant as of the growth in big data. It would be correct to say that in a more digitalized world, the growth of data is constantly improving AI improvements.
Based on technology, machine learning has dominated the market, in terms of revenue, and is expected to maintain this trend in the coming years, due to the increase in demand for artificial intelligence industry solutions. Machine learning is an application of artificial intelligence (AI) that provides systems the capacity to automatically learn and improve from experience without being explicitly programmed. Machine learning attention on the development of computer programs that can access data and use it learn for themselves.
Based on the Offering, Software segment held the largest share of the overall Artificial Intelligence Market in offering segment in 2016 thanks to the developments in AI software for applications such as surveillance, flight operations, and airport operations.
Key players operate on the market on, Babylon, Darktrace, Onfido, Adbrain, Almax Analytics, Babylon Health, BioBeats, Celaton, Cheerfy, Benevolent.ai, Behavox, Arria NLG, Aire Labs, Graphcore, Arago, Sigma AI, Alfred, Shift Technology, Prophesse, Tinyclues, Linkfluence, Snips, Saagie, Allomedia, Kayrros.
The scope of the Europe Artificial Intelligence (AI) Market
Europe Artificial Intelligence (AI) Market, By Offering:
Europe Artificial Intelligence (AI) Market, By Technology:
• Machine Learning
• Natural Language Processing
• Context-aware computing
• Computer Vision
Europe Artificial Intelligence (AI) Market, By End user:
• Social Media
• Financial Services
Europe Artificial Intelligence (AI) Market, By Country:
• Rest of Europe
Https://www.maximizemarketresearch.com, Pune, Pune, Maharashtra, India