India Artificial Intelligence (AI) Market Key Players Analysis, Size, Growth, Trends and Forecast up to 2026
Artificial intelligence (AI) isthe replication of human intelligence processes by machines, especiallycomputer systems. In other words, it is the ability of a digital computer orcomputer-controlled robot to accomplish tasks commonly related with intelligentbeings. The process of AI includes learning; the acquisition of data and rulesfor using the information, reasoning; using rules to achieve approximate or definiteends and self-correction. AI designed for certain activities such as speechrecognition, learning, planning, problem solving, machine vision, etc.
The factors responsible fordriving the growth of Artificialintelligence (AI) market in India includes, growingadoption of cloud-based services coupled with increasing demand for intelligentvirtual assistants. Additionally, due to the country-wide positive positionregarding the technology along with the role of AI, ML and analytics start-ups,India becomes prominent in research and innovation in the field of AI. Due towhich tech giants like Facebook and Google, are increasing their research,investment and collaboration effort in the field of AI and ML in the countrywhich is also fuelling the market growth. Moreover, increasing penetrationartificial intelligence in several industries such as manufacturing, security,human resource, automotive and others would further positively influence marketgrowth. Increasing government funding in R&D of AI based technologicaladvancements will also propel the market growth. However, data security concernand lack of skilled professional are restraining the market growth.
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The India AImarket has been segmented on the basis of offering, technology andend-user. Based on offering market is categorized into hardware, software andservices. On the basis of technology, market is segmented into MachineLearning, Natural Language Processing (NLP), Deep Learning, Machine Vision, ASI& AGI. Based on the application market is segmented into Indoor andOutdoor. Based on the end-user, the market is categorized into Healthcare,BFSI, Retail, Manufacturing, Automotive & Transportation, Agriculture,Manufacturing, Media & Entertainment, and Others.
The research report “India AI market” provides an in-depth analysis ofIndia AI market based on offering, technology and end-user for the forecastperiod from 2019 to 2026. The report also highlights the major market driverspropelling the growth as well as challenges faced by market participants. Theresearch report provides market size and forecast for the global LightingControl System market. In addition, the report also analyses the competitivelandscape, major players and their strategies in 2018. The competitivelandscape section of the report captures and highlights the recent developmentsin the market.
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Keyquestions answered in this research report:
· Atwhat pace is the India AI market growing? What will be a growth trend in thefuture?
· Whatare the key drivers and restraints in the current market? What will be theimpact of drivers and restraints in the future?
· Whatare the various application areas and how they are poised to grow?
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