What is AI in Information and Communications Technology Market Scope?
Artificial intelligence information and communication technologies are used for the potential to support and enhance the accessibility of Information and Communication Technologies (ICTs). In an increasingly multimedia-heavy world where authors and developers fail to appreciate the importance of alternative formats that may suit user's preferences, such as working with audio content rather than written has led to the increasing use of AI in information and communication technologies.
Influencing Trend:
Technologies in Development of Apps and Websites is the Chatbot
Market Growth Drivers:
Increase in Demand for Intelligent Virtual Assistants and Growing Information and Communications Technology industry across the Globe
Challenges:
Unreliability of AI Algorithms
Restraints:
Lack of Working Professionals
Opportunities:
Adoption of AI to Improve Customer Service and Rising Demand from Developing Countries
The AI in Information and Communications Technology market study is being classified by Type (Data Analytics, Natural Language Processing, Cognitive Computing, Computer Vision, Data Solutions, Data Analytics and Others), by Application and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global AI in Information and Communications Technology market throughout the predicted period.
IBM Corporation (United States), Intel Corporation (United States), Microsoft Corporation (United States), Google Inc. (United States), Hewlett Packard Enterprise (United States), Apple Inc. (United States), Digital Reasoning Systems Inc. (United States), SparkCognition Inc. (United States), Salesforce (United States) and Amazon Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Baidu Inc. (China), H2O.ai (United States), InteliWISE (Poland), SK Telecom (South Korea) and Nuance Communications Inc.(United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global AI in Information and Communications Technology market by Type, Application and Region.
On the basis of geography, the market of AI in Information and Communications Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Target Audience
AI in Information and Communications Technology Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
AI in Information and Communications Technology Market Study: Important Years
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in AI in Information and Communications Technology Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in AI in Information and Communications Technology industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.