The mobile artificial intelligence market was valued at USD 2.14 billion in 2019 and is expected to reach USD 9.68 billion by 2025, at a CAGR of 28.65% over the forecast period 2020 – 2025.
Mobile Artificial Intelligence – A Market Overview and Forecast 2020 – 2025, This report presents a profound evaluation of basic elements of Mobile Artificial Intelligence industry such as production scale and profit generation. Market driving factors, newly adopted technologies, latest business methodologies have been discussed in this report. The report also forecasts the potential of the market and reviews thorough analysis of vital segments and regional markets.
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Virtual assistants and bots will become more widespread and smart in the nearest future, freeing employees from monotonous work like answering simple questions or performing routine tasks. As for the assistants, Amazon already introduced Alexa Shopping and more of such virtual helpers, programmed to do a specific range of tasks to make lives easier.
– Increasing demand for AI-Capable Processors in mobile devices is driving the market as there are various applications which help users in their day to day activites such as camera image benefits, language translator, voice assistants, and user behaviours. Apple iPhone X uses an AI-based algorithm for its Face ID device unlocking system. Combined with Apples elaborate hardware, the AI system works to identify the users face for security.
The mobile artificial intelligence (AI) market is highly fragmented due to presence of maximum players in most of the regions across the globe. Artificial intelligence consists of complex algorithms, which is increasing rapidly in the current market. Nowadays several industries adopted the Artificial Intelligence- algorithms which are easy to access the complex systems which is giving a high rivalry in the market. Key players are Intel Corporation, Microsoft Corporation, Alphabet Inc. (Google LLC), etc.
Scope of the Report
The mobile artificial intelligence market is growing due to the advent of artificial intelligence technology and machine learning with the advancements in information and communications technology which have brought significant changes in global business operations. Increasing adoption of smartphones and tablets equipped with AI and cognitive computing applications are expected to drive the growth of the market.
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- Interrelated opportunities–This report will allow making decisions based on data, thereby increasing the chances that the strategies will perform better.
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