Artificial Intelligence Deployments Have Expanded to Include 258 Unique Use Cases Across Enterprise, Consumer, and Government Markets, According to Tractica
December 19, 2018
Annual Artificial Intelligence Software Revenue Will Total $8.1 Billion
Worldwide in 2018
BOULDER, Colo.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/ai?src=hash” target=”_blank”gt;#ailt;/agt;–Artificial intelligence (AI) technologies and deployments are becoming
even more widespread, thanks to a combination of growing amounts of
data, faster processing power, and increasingly powerful algorithms.
Indeed, as AI technologies make their way into virtually every industry,
enabling machines to speak, listen, move, and make decisions in
unprecedented ways, a wide range of use cases are illustrating the
potential business opportunities, attracting new investment, and driving
changes to existing business processes.
According to a new report from Tractica,
AI implementations now encompass 258 discrete use cases, and the
worldwide market for AI software stands at $8.1 billion as of the end of
2018, a figure the market intelligence firm forecasts to rise to $105.8
billion annually by 2025.
“The AI opportunity spans a wide range of industries and geographies,
from advertising and automotive, to transportation and
telecommunications,” says principal analyst Keith Kirkpatrick. “A
significant portion of the overall revenue is concentrated in highly
domain-specific markets with high-volume data needs and ontologies, as
well as those with growing applications for machine perception.”
Tractica’s report, “Artificial
Intelligence Use Cases”, provides a comprehensive examination of
more than 250 AI use cases across the consumer, enterprise, and
government markets. The report defines, contextualizes, and offers
real-world examples and revenue forecasts for each use case, organized
by industry sector. It serves as a referential compendium to Tractica’s
ongoing market forecasting of the AI space, offering an overview and
analysis for each use case included in the model. As applications are
analyzed in depth, the report also identifies common themes across the
broader AI market. An Executive Summary of the report is available for
free download on the firm’s website.
About Tractica
Tractica, an Informa business, is a market intelligence firm that
focuses on emerging technologies. 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, Advanced Computing, Connected & Autonomous
Vehicles, and Wearables & Digital Health. For more information, visit www.tractica.com
or call +1.303.248.3000.
Contacts
Press Contact:
Clint Wheelock, +1.303.248.3000
press@tractica.com