Global Artificial Intelligence (AI) Market Research and Forecast, 2018-2023

INDORE, India - Feb. 12, 2019 - PRLog -- "Significant adoption of Artificial Intelligence (AI) in healthcare and technological advancement is boosting the global AI market"

According to OMR analysis, the global AI market is expected to grow significantly during the forecast period (2018-2023), due to the shift towards cloud-based services, emerging adoption of AI in healthcare, growth in big data analytics and so forth. Additionally, the global AI market is segmented on the basis of technology, end-user industry, offerings, and regional outlook. The report provides detailed & insightful chapters which include market overview, key findings, strategic recommendations, market estimations, market determinants, key company analysis, market insights, company profiling, market segmentation, geographical analysis, analyst insights and predictive analysis of the market.

Emerging adoption of AI in healthcare is driving the demand for artificial intelligence technology. There are a significant number of potential benefits of adopting AI technology in the healthcare industry. The technology is able to deal with a significant amount of data every day. The data sources involve patients' medical histories, clinical studies, hospital billing, patient information and diagnostic results. AI companies are also focusing on developing systems for several domains in the healthcare sector, such as pharmaceutical and medical devices. Such companies are developing AI solutions for diagnostic SaaS (Software as a Service), medical devices, operational efficiency for hospitals and consumer apps for behavioral adherence and so forth. For instance, in January 2019, Sophia Genetics, a Swiss Startup raised $77 million in funding to expand development of its AI-based platform that employs genomic data to improve diagnostics. This funding round was backed by Generation Investment Management and comprise Alychlo, Balderton Capital and Dinvest Partners. The funding will enable the company to accelerate its expansion in the US.

In September 2017, the company has also raised funding of $30 million to further develop its AI platforms, and increasing hospital adoption of clinical genomics testing. According to the company, its AI platforms are able to learn from multiple genomic profiles of patients to expedite and improve diagnosis across cardiology, metabolic disorders, hereditary cancer, pediatrics and oncology. In addition, the company says its AI technology is currently being adopted by 850 hospitals across 77 countries. This represents a significant adoption of AI-based platforms in the healthcare industry, which in turn, is contributing to the growth of the market. Likewise, major companies, such as IBM Corporation, Microsoft Corp. and Google Inc. are also working on the development of AI platforms for the healthcare industry, which is further supporting to boost the global AI market.

The report covers
Comprehensive research methodology of the global artificial intelligence market.
This report also includes a detailed and extensive market overview with current market recommendations & key analysts insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global artificial intelligence market
Insights about market determinants which are stimulating the global artificial intelligence market
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Full report of global artificial intelligence market is available at https://www.omrglobal.com/industry-reports/artificial-int...

For related reports please visit https://www.omrglobal.com/reports-category/ict-market/

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Orion Market Research (OMR) is an Indian research company known for its crisp and concise reports. The company is equipped with an experienced team and young brigade of analysts. The company provides quality syndicated research reports, customized research reports, company profiling, consulting and other research-based services. OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles.