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Features Artificial Intelligence Technology
AI systems spending to hit US$516B by 2027: report


September 25, 2017
By Future Market Insights

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Sep. 25, 2017 – A new report by Future Market Insights studies the performance of the global artificial intelligence (AI) systems spending market over a 10-year assessment period from 2017 to 2027.

The report, Artificial Intelligence Systems Spending Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027), presents the value forecast of the global AI systems spending market and provides insights into the factors driving market growth as well as the factors restricting market growth. The estimates point to a revenue growth from about US$11.7 billion in 2017 to nearly US$516.2 billion by 2027, resulting in a CAGR of 46.1 per cent over the forecast period.

In 2017, the deep learning segment is estimated to be valued at US$4,758.4 million, and is expected to register a CAGR of 49.3 per cent over the forecast period, to be valued at US$262,031.6 million by the end of 2027.

In 2017, the machine learning segment is estimated to be valued at US$2,784.5 million, and is expected to exhibit a CAGR of 46.6 per cent over the forecast period, to be valued at US$127,790.1 million by the end of 2027.

Meanwhile, the hardware segment is estimated to be valued at US$4,841.1 million in 2017, and is expected to register a CAGR of 43.9 per cent over the forecast period, to be valued at US$183,734.3 million by the end of 2027.

Regional forecast
As per the forecast of Future Market Insights, the North America artificial intelligence systems spending market is estimated to be valued at US$3,197.1 million in the year 2017 and is estimated to touch a value of US$133,620.3 million in the year 2027, exhibiting a CAGR of 45.2 per cent during the assessment period. The Asia-Pacific (APEJ) artificial intelligence systems spending market is estimated to be valued at US$2,527.1 million in the year 2017 and is estimated to touch a value of US$132,964.7 million in the year 2027, registering a CAGR of 48.6 per cent during the period of assessment.