AI Market Ready To Explode

As per MarketsandMarkets research, the global artificial intelligence (chipsets) market is projected to be worth $16.06 Billion by 2022, registering a CAGR of 62.9% CAGR between 2016 and 2022. It is witnessing immense growth, mainly due to the growing number of applications of AI in various end-user industries and large and complex datasets. Moreover, the rising adoption of AI-enabled products and software tools is also expected to boost the growth of this market.

 

Highlights:

  • Artificial intelligence (chipsets) market to flourish in North America by 2022
  • Among technology, natural language processing (NLP) to be the largest market during 2016-2022
  • Natural language processing technology segment is expected to lead the market with the
  • AI for healthcare sector to witness the highest growth from 2016-2022

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