Market Overview

Global Cloud AI Market (2018-2023) by Type, End-User Vertical and Region - ResearchAndMarkets.com

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The "Global
Cloud AI Market - Segmented by Type (Solution, Service), End-User
Vertical (BFSI, Healthcare, Automotive, Retail, Agriculture,
Manufacturing), and Region - Growth, Trends and Forecast (2018 - 2023)"

report has been added to ResearchAndMarkets.com's
offering.

Cloud AI Market is expected to register a CAGR of over 20% during the
forecast period (2018-2023).

The increasing volume of big data from diverse industries is compelling
the companies to integrate artificial intelligence to enhance consumer
experience and handle enormous data.

Earlier, data scientists had 80-20 rule wherein 80% of the time was
spent to identify and clean data and rest for analysis. However, the
introduction of cloud-based artificial intelligence performs data
finding and cleaning which ease the former work and provides a high
timeframe for data analysis which is expected to propel the market
growth over the forecast period.

The rapid adoption of AI in industries such as retail and manufacturing
is projected to increase at a rapid pace. According to The Economist,
about 90% of the companies have adopted the utilization of cloud as
their primary component of the business.

Additionally, the solution providers are focusing more on the
incorporation of artificial intelligence along with cloud which will be
highly preferred over conventional offering owing to automating most of
the data cleaning and sorting activities.

In addition, the companies are preferring cloud over on-premise AI owing
to faster delivery time with low latency and real-time tracking which is
likely to foster the market growth over the next six years.

Key Highlights

  • Rising Big Data Volume
  • Manufacturing to Be the Fastest Growing Segment
  • Asia Pacific to Witness the Highest Growth

Notable Developments in the Market

  • May 2018: Microsoft partnered with DJI and announced that Azure, a
    cloud-based application, will enable multiple artificial intelligence
    projects which is expected to power diverse industries and enhance the
    company's reach.

Key Topics Covered

1. Introduction

2. Cloud AI Market Research Approach and Methodology

3. Executive Summary

4. Cloud AI Market Dynamics

5. Global Cloud AI Market Segmentation

6. Competitive Intelligence - Company Profiles

  • Amazon Web Services Inc.
  • Microsoft Corporation
  • Google LLC
  • IBM
  • Intel Corporation
  • Nvidia Corporation
  • CloudMinds Technology
  • AIBrain
  • Salesforce.com Inc.
  • SoundHound Inc.
  • Twilio

7. Investment Analysis

8. Opportunities in the Global Cloud AI Market

For more information about this report visit https://www.researchandmarkets.com/research/cwb2n3/global_cloud_ai?w=4

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