According to the latest report by IMARC Group, titled “Asia Pacific Artificial Intelligence Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the asia pacific artificial intelligence market exhibited robust growth during 2015-2020. Looking forward, IMARC Group expects the market to continue its robust growth during 2021-2026.
Artificial intelligence, or AI, refers to a branch of computer science that aims to mimic human intelligence to perform numerous activities in real time. It is extensively used for voice recognition, language translation, visual perception, decision-making, handwriting recognition, etc. Artificial intelligence offers various benefits, including high time efficiency, improved productivity, better adaptability, enhanced accuracy, etc. As a result, it is used across several sectors, such as healthcare, construction, transportation, automobile, trade, defense, banking, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
Increasing digitalization across various sectors, such as telecommunication, automotive, healthcare, and banking, financial services and insurance (BFSI), etc., is driving the Asia Pacific artificial intelligence market. Furthermore, AI programs are utilized in analyzing large amounts of data and obtaining insights to improve the consumer experience, thereby experiencing a high demand. Moreover, the expanding 5G infrastructure and the rising demand for intelligent virtual assistants are also catalyzing the market growth. In the coming years, the growing integration of image recognition technology with optical character identification is expected to drive the demand for AI in drones, robots, and self-driving cars, in the Asia Pacific region.
Asia Pacific Artificial Intelligence Market 2021-2026 Analysis and Segmentation:
The report has segmented the market on the based on country, type, offering, technology, system, end-use industry.
Breakup by Type:
- Narrow/Weak Artificial Intelligence
- General/Strong Artificial Intelligence
Breakup by Offering:
- Hardware
- Software
- Services
Breakup by Technology:
- Machine Learning
- Natural Language Processing
- Context-Aware Computing
- Computer Vision
- Others
Breakup by System:
- Intelligence Systems
- Decision Support Processing
- Hybrid Systems
- Fuzzy Systems
Breakup by End-Use Industry:
- Healthcare
- Manufacturing
- Automotive
- Agriculture
- Retail
- Security
- Human Resources
- Marketing
- Financial Services
- Transportation and Logistics
- Others
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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