The latest market research from the field of Artificial Intelligence shows that over the next few years, the demand for AI is set to rise substantially.
The market is projected to expand at an incredible CAGR of 50.51% from 2017 to 2021.
Interestingly enough while the market for AI is set to grow exponentially, so is the market for riot control gear, a report released in 2016 showed that a 5.3% increase in the market was to be expected by 2020. Are the two intertwined?
The 50% increase in demand for Artificial Intelligence, will mean a massive decrease in the need for jobs because artificial intelligence can replace the need for human workers, and this is where the riot control gear could come into play. Lack of employment means lack of money to afford goods and food.
Albany, NY, May 24, 2017: The in-depth report on global artificial intelligence market covers key market dynamics, prominent trends, emerging opportunities, and competitive landscape. The research offers comprehensive insights into the recent developments in automation technologies and assesses their impact on the demand across major end-use industries. The study takes a closer look at the emerging disruptive technologies expected to transform the competitive landscape along the forecast period (2017–2021).
The research study analyzes key advancements in sensor and imaging technologies in major regions. It offers the market share and size of various segments in major regions such as the Americas, Asia Pacific, and the Middle East, and Africa (EMEA). Recent advancements in robotics technology in these regions are also covered in the study, with a focus on countries such as the U.S., Germany, and Japan.
The AI market increase according to the report is in large part being driven by a ‘growing deployment of robotics technology in a wide range of industries such as manufacturing, medical, pharmaceutical, healthcare, and banking and financial services.’
Not only is a rise in AI to be expected, but also an increase in robotic technology, thus meaning literally robots are coming for our jobs.
According to this segment of the Market Trend Press Release;
The surging use of robotics technology to cut down on manufacturing costs has led many companies to adopt user-friendly AI solutions. The demand for artificial intelligence technologies is driven by an upsurge in adoption of automation technologies to improve process efficiencies and enhance productivity among businesses.
Several corporations are driving this trend, but notable companies such as Amazon, IBM, and Siemens are actively making substantial investments in Artificial Intelligence. The organizations behind the push for AI vary in all sizes and are from all different aspects of business.
The artificial intelligence takeover has begun, learn more here.