Artificial Intelligence (AI) is the intelligence presented by machines. The factors that propel the growth of the global Artificial Intelligence Market trends include its extensive applications in agriculture, BSFI, manufacturing, and implementation of Artificial Intelligence for enhancing of consumer services.

On the other hand, there are also factors that hamper the growth of the global Artificial Intelligence Market trends such as the high cost.

The global Artificial Intelligence Market trends are classified on the basis of technology, offering, end-user industry, and geography.

On the basis of technology, the global Artificial Intelligence Market trends are classified as deep learning, robotics, digital personal assistant, querying method, natural language processing, and context-aware processing. Natural language processing (NLP) technology is estimated to dominate the major share of the global Artificial Intelligence Market trends in the coming years. The factors that attribute to the high growth rates include high implementation of Natural language processing (NPL) in several applications like AI-enabled smartphones, AI robots, car-infotainment system. One of the major fuelling factors is the implementation of Natural language processing (NLP) for enhancing consumer services in the retail sector.

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On the basis of offering, the global Artificial Intelligence Market trends are classified as products and services. The products segment is further sub-classified as hardware and software. The “services” segment is further sub-classified as installation, training, and support & maintenance.

On the basis of end-user industry, the global Artificial Intelligence Market is classified as agriculture, manufacturing, oil and gas, media and advertising, BFSI, healthcare, transportation and automotive, retail, and others. Amongst the end-user industry, the healthcare segment projects high growth rates during the forecast period. The factors that attribute to the high growth rates include rising adaptation of Artificial Intelligence in patient care, diagnostic care, and drug discovery. Artificial Intelligence is also used in advisory boards, clinical trials, congress planning.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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