What is General Purpose Artificial Intelligence (GPAI) Market?
Artificial Intelligence (AI) is the fastest growing industry today research and development are investing Billions of dollars on that. Demand for the artificial technology among the various end use verticals such as automotive, healthcare, banking & finance, manufacturing, logistics, and retail is expected to drive the growth of artificial intelligence market in the forthcoming years. Rising Deployment of the on-premises hardware.
Highlights from General Purpose Artificial Intelligence (GPAI) Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Open AI (United States), Deepmind (United Kingdom), Google Brain (United States), One Concern (United States), MindBridge (India), Octane AI (United States), Evolv Technology (United States), PickNik Robotics (United States), Hyper Labs, Inc (United States), Microsoft (United States), IBM (United States) and Darktrace (United Kingdom) |
The companies operating in this industry are focusing on efficient growth, improvement of operational efficiency and productivity, and focus on maintaining sustainable development. The players are focusing on securing a leading position in this industry. They are continuously looking for the opportunity to reinforce their competitive advantage. To meet high market share, and develop socially responsible business companies are identifying various strategic pillars such as mergers & acquisitions, product enhancements Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global General Purpose Artificial Intelligence (GPAI) market throughout the forecasted period.
Open AI (United States), Deepmind (United Kingdom), Google Brain (United States), One Concern (United States), MindBridge (India), Octane AI (United States), Evolv Technology (United States), PickNik Robotics (United States), Hyper Labs, Inc (United States), Microsoft (United States), IBM (United States) and Darktrace (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Descartes Labs (Mexico), Graphcore (United Kingdom), Numenta (United States) and Equbot (United States). General Purpose Artificial Intelligence (GPAI) Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Media and advertising, Automotive, Healthcare and Others |
Type | Machine Learning, Natural Language Processing, Deep Learning and Others |
Technology | Cloud,On-premises |
Solution | Software,Hardware,Services |
On the basis of geography, the market of General Purpose Artificial Intelligence (GPAI) 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Higher Demand for the Software Technologies for the Deployment and Designing of AI Applications and Rising Adoption of the Remote Monitoring Systems and Electronic Health Records
Market Growth Drivers:
Rising Penetration of the Telehealth Platforms and Electronic Health Records is growing the Market, Increasing Investment of Research and Development Institute and Rising Deployment of the on-premises hardware
Challenges:
Challenge of Cloud Computing Platforms for Handling and Storing Huge Volumes of Data
Restraints:
Algorithm Bias in Artificial Intelligence Can Hamper the Growth
Opportunities:
Rise in Research and Develop New Technologies in the Field of AI. and Increase of the Data Analytics Platforms is Creating Opportunities for new investors
Key Target Audience
Artificial Intelligence Provider, Industry, New Entrance, Business Man, Customer, Corporate Entities, Government Bodies and Others
Market Leaders & Development Strategies
On 16th Dec 2020, OpenAI announced the launch of a general-purpose text in, text out” interface, which will allow its users to try any English language task virtually. This means one can now request access in order to integrate the API into a product for developing an entirely new application as well as helping OpenAI to explore the strengths and limits of this technology.