The future of the artificial intelligence market in India looks attractive with opportunities in the healthcare, security, retail, automotive, manufacturing, and financial technology (fintech) sectors. The major drivers for this market are increasing demand for virtual assistance for easy accessibility of services and growing adoption of cloud-based technology. Emerging trends, which have a direct impact on the dynamics of the artificial intelligence industry, include growing adoption of artificial intelligence in IoT applications and increasing demand for AI-enabled processors.
A total of 25 figures / charts and 12 tables are provided in this 60-page report to help in your business decisions. Sample figures with some insights are shown below.
Artificial Intelligence Market by End Use Industry [ $B shipment analysis from 2014 to 2025]:
- Media and Advertising
- Security
- Automotive
- Healthcare
- Retail
- Fintech (Financial Technology)
- Manufacturing
- Others
Artificial Intelligence Market by Technology [$B shipment analysis from 2014 to 2025]:
- Machine Learning
- Natural Language Processing (NLP)
- Others
Artificial Intelligence Market by Product and Service [$B shipment analysis from 2014 to 2025]:
- Hardware
- Processor
- Memory
- Network
- Software
- Service
The forecasts suggest that the machine learning technology will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to increasing adoption of this technology in the autonomous applications and growing consumer preference for IoT-enabled devices.
Within the artificial intelligence market, media and advertising will remain the largest application due to an increasing adoption of customer-centric marketing strategies and increasing use of social platform for advertisements. The healthcare segment is expected to witness the highest growth over forecast period due to advancements in clinical research and growing demand for electronics-based medical equipment and sensors in the healthcare applications.
Source- Lucintel
