India Artificial Intelligence (AI) Market 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 ordefinite ends and self-correction. AI designed for certain activities such asspeech recognition, learning, planning, problem solving, machine vision, etc.
The factors responsible for driving the growth of Artificial intelligence (AI) market in India includes,growing adoption of cloud-based services coupled with increasing demand forintelligent virtual assistants. Additionally, due to the country-wide positiveposition regarding the technology along with the role of AI, ML and analyticsstart-ups, India becomes prominent in research and innovation in the field ofAI. Due to which tech giants like Facebook and Google, are increasing theirresearch, investment and collaboration effort in the field of AI and ML in thecountry which is also fuelling the market growth. Moreover, increasingpenetration artificial intelligence in several industries such asmanufacturing, security, human resource, automotive and others would furtherpositively influence market growth. Increasing government funding in R&D ofAI based technological advancements will also propel the market growth.However, data security concern and lack of skilled professional are restrainingthe market growth.
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The India AI market hasbeen segmented on the basis of offering, technology and end-user. Based onoffering market is categorized into hardware, software and services. On thebasis of technology, market is segmented into Machine Learning, NaturalLanguage Processing (NLP), Deep Learning, Machine Vision, ASI & AGI. Basedon the application market is segmented into Indoor and Outdoor. Based on theend-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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India Artificial Intelligence (AI) Market Market