Published on: October 11, 2021
The Artificial Intelligence Market, categorized under the application software industry that was valued at $301.04 billion in 2020, will register steady growth during 2021-2025.
The Growing focus on reducing the workload of radiologists will be a key factor driving market growth.
Microsoft Corp., NVIDIA, IBM, Intel and GE Healthcare are some of the major Artificial Intelligence Market vendors.
This report provides a detail analysis of the market based on the Components (Software | Service) and geography (North America, Europe, APAC, Latin America and Middle East and Africa).
The country-level analysis provided by this Artificial Intelligence Market report also offers insights on the market’s growth in the key countries the vendors should focus on.
The market is quite competitive.
With favorable conditions for growth, the level of competition among companies will intensify further.
Growing focus on reducing the workload of radiologists will also influence market growth.
Additionally, key Artificial Intelligence Market trends, such as the Increasing demand for AI tools in the medical field will also influence its demand during the forecast period.
Reluctance among medical practitioners to adopt AI-based technologies will pose as a major challenge for vendors.
Some of the key Artificial Intelligence Market vendors covered in this report include:
To increase their market share, the vendors have to increase their focus on the fast-growing segments while retaining their hold in the segment that will register slow growth.
With a detailed analysis of the competitive environment, the report will help companies identify growth opportunities and factors that will obstruct their market entry in different regions.
Covering key aspects including business expansions, collaborations and partnerships, and entry barriers for new players, this report will help vendors identify new growth opportunities and design strategies before venturing into new product and service segments. The report also provides details on market challenges that will restrict market growth.
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Scope of the Report |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Parent Market |
Application Software |
Parent Market Size |
$301.04 billion |
By Components |
Software | Service |
Regional analysis |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA) |
Companies profiled |
Microsoft Corp., NVIDIA, IBM, Intel and GE Healthcare |
Top Market Trend |
Growing focus on reducing the workload of radiologists | Increasing demand for AI tools in the medical field |
Report Benefits |
Market trends analysis, Competitor market share and strategies, Company profiling and competitive benchmarking, Growth opportunities in global and regional levels, Business implications of market risks and challenges, |