Global Artificial Intelligence Market to Exceed $36 billion by 2015, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Artificial Intelligence market. Artificial Intelligence (AI) has emerged as a major technology pervading many tasks in our daily life. Most of the artificial intelligence is at work behind the scenes in many applications such as smart fuel injection systems in cars, new age electronics which are designed to give more comfort, and a loan processing system at the bank, among others. On the business side various functions such as credit card fraud detection use artificial intelligence. Business intelligence software, which aids in enhancing business performance, is a multi-billion dollar industry with all the major software vendors having a huge stake in the industry.
San Jose, California (PRWEB) June 23, 2009 -- Global Artificial Intelligence Market is projected to cross $36 billion in revenues by 2015. The United States represents the largest market for Artificial Intelligence (AI). Asia-Pacific is expected to offer the highest growth potential for AI over the analysis period 2006-2015. AI holds immense promise in the present and the future, with practical AI-based applications benefiting innumerable industrial as well as commercial domains. Since the past several years, the AI market has been aiming at using specific technologies to improve existing applications in domains such as finance, transportation guidance systems, manufacturing automation, medical and biotech, entertainment and education, as well as defense and domestic security. AI technologies could be used for enhancing existing applications in data analysis with high complexity, and address variability in situations, such as analysis of data input from domains ranging from deep space exploration to data mining using AI-enhanced applications.
Expert Systems Market is the largest and the fastest growing segment. Increasing usage of user queries for information specific to problems, information usage for drawing inferences from the knowledge base and by supplying answers and suggested ways for collecting further inputs is driving the market for expert systems. Artificial Neural Networks Market represents the second largest AI segment.
Business Intelligence Market represents the largest and fastest growing application for artificial intelligence. Major software vendors such as Microsoft, Oracle, IBM, and SAP are aggressively expanding into the business intelligence market, either through acquisitions or through organic growth. As businesses become more global, and information increases, the need for business intelligence tools increases proportionately. Customer Relationship Management (CRM) Market represents the second largest AI segment. Increasing coordination between various business functions such as marketing, sales, field support, customer service, and several customer contact purposes are driving the market for Customer Relationship Management tools.
These and other market data and trends are presented in "Artificial Intelligence: A Global Strategic Business Report" announced by Global Industry Analysts, Inc. This GIA report discusses the prevailing trends, issues, demand forecasts, and activities that affect the industry. The global artificial intelligence market is analyzed revenues in US$ Million. The market is analyzed further by the following technologies - artificial neural networks, expert systems, belief networks, decision support systems, intelligent software agents, and other technologies. The market is also analyzed by the following major applications - business intelligence, customer relationship management, fraud detection, biometrics, and other applications. Analytics for the period 2006-2015 provide a comprehensive understanding of the market.
Dominant global players profiled in the report include Actutate Corporation, ECtel Ltd., Fair Isaac Corporation, Firepond, Inc, i2 Technologies, Inc, Information Builders, Inc, International Business Machines Corporation (IBM), ImageWare Systems, Inc, L-1 Identity Solutions, Inc, Microsoft Corporation, Microstrategy Incorporated, Oracle Corporation, Qlik Technologies, Inc, SAP AG, SAS Institute Inc., SPSS Inc., and Sybase Inc. among others. The study enumerates recent developments, mergers, acquisitions, and other strategic industry activities, and is an easy guide to What, Why, When, How, Where, and Who of the industry.
For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Artificial_Intelligence_AI_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press (at) StrategyR (dot) com
Web Site http://www.StrategyR.com/
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