Market Overview

Artificial Intelligence Software Market to Reach $105.8 Billion in Annual Worldwide Revenue by 2025, According to Tractica

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The Telecommunications, Consumer, Advertising, Business Services, and
Healthcare Industry Sectors Will Lead in AI Adoption, Amidst a Growing
Field of Nearly 300 Real-World AI Use Cases Across 30 Industries

The artificial intelligence (AI) market is entering a dynamic phase of
growth where adoption in the enterprise sector continues unabated, but
there are questions emerging within research and academic circles about
whether the technologies fueling the AI revolution, particularly deep
learning, might be hitting a bottleneck. The recent controversy
surrounding Facebook and data privacy, AI safety and explainability with
Uber's self-driving car fatality, or questions about authenticity and
the power of generative algorithms to create fake images and video, are
all issues that highlight the challenges facing AI in 2018.

Despite these challenges, according to a new report from Tractica,
the commercial outlook for AI has never been stronger. The market
intelligence firm forecasts that global revenue from AI software
implementations will increase from $8.1 billion in 2018 to $105.8
billion by 2025. This forecast represents a significant upgrade of
Tractica's previous projections, last published at the end of 2017,
owing to the addition of new real-world use cases across multiple
industries, as well as increased guidance for key use cases in several
sectors.

Tractica forecasts that the top 10 industries in terms of AI adoption
and spending between 2018 and 2025 will include:

1. Telecommunications
2. Consumer
3. Advertising
4.
Business Services
5. Healthcare
6. Retail
7. Automotive
8.
Legal
9. Public Sector
10. Insurance

"The types of challenges currently faced by the AI sector are to be
expected as we move from a hype phase into a reality phase as part of
the cycle of market development," says research director Aditya Kaul.
"Tractica sees these challenges as part of the maturity curve for AI,
where the next few years will see a sobering of expectations, while the
momentum around use cases and applications continues to build."

Tractica's report, "Artificial
Intelligence Market Forecasts"
, provides a quantitative assessment
of the market opportunity for AI across the consumer, enterprise, and
government sectors. The report includes market sizing, segmentation, and
forecasts for 294 AI use cases distributed across 30 industries, and 165
unique use cases. The market forecasts span the period from 2017 through
2025 and include segmentation by the six fundamental AI technologies:
machine learning, deep learning, computer vision, natural language
processing, machine reasoning, and strong AI. Revenue forecasts are
further segmented by software, hardware, and services, in addition to
segmentation by world region. An Executive Summary of the report is
available for free download on the firm's website.

About Tractica

Tractica is a market intelligence firm that focuses on human interaction
with technology. Tractica's global market research and consulting
services combine qualitative and quantitative research methodologies to
provide a comprehensive view of the emerging market opportunities
surrounding Artificial Intelligence, Robotics, User Interface
Technologies, Wearable Devices, and Digital Health. For more
information, visit www.tractica.com
or call +1.303.248.3000.

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