Market Analysis - Artificial Intelligence 2018
US Artificial Intelligence Market to Grow at a Staggering 75% CAGR Until 2021: TechSci Research Report
Rising Venture Capital Investments Coupled With Increasing R&D Activities in Autonomous Vehicles Market to Drive Artificial Intelligence Market in US Through 2021
According to TechSci Research report, "United States Artificial Intelligence Market, By Application, By Region, By End User Competition Forecast & Opportunities, 2011-2021", the artificial intelligence market in the US is projected to grow at a CAGR of 75% during 2016 - 2021 on account of growing artificial intelligence technology adoption in consumer electronic devices, research and developmental activities in healthcare industry, unmanned aerial vehicles, autonomous cars, etc.
This research evaluates enterprise robotics in the United States including companies, technologies, and solutions across industry verticals and applications. The report includes forecasts by industry vertical/application for 2017 through 2021.
Leading industry verticals are beginning to see improved operational efficiency through the introduction of robotics and Artificial Intelligence (AI). Robotics investment in many industries represents a substantial capital expenditure with the potential to dramatically reduce operational expenses through resource optimization, quality improvement, and waste reduction.
Robotics in business will accelerate as less expensive hardware and improvements in AI lead to improved cost structures and increased integration with enterprise software systems respectively. The massive amount of data generated by robotics will create opportunities for data analytics and AI-enabled decision support systems. Emerging areas for enterprise robotics include Robotics as a Service, Cloud Robotics, and General Purpose Robotics.