Automating business operations and IT processes results in enhanced productivity, reduced operational costs, improved accuracy, and several other benefits. In addition, open and AI-ready infrastructure enables industries in efficient execution of data-intensive workloads along with low latency which further enables them in making more informed decisions.

Adroit Market Research study on the global market for artificial intelligence platform offers a holistic view of the industry from 2020 to 2028 as a forecast period, including factors such as market drivers, limitations, opportunities, threats, and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives, and overall sales. Prominent players in the global artificial intelligence platform market have been analyzed in depth.

The tools segments are likely to hold a significant market share in 2019. Major growth factors are the increasing need to streamline and automate the business lifecycle from preparing the datasets and building models to deploying and managing the models. Moreover, the easy deployment and increasing need to monitor the performance of business models in production is driving the growth of this segment.

Businesses are using evolving solutions and technologies to gain more perceptibility into the multifaceted business data. Through the right solution, one can simplify the business practices with more productivity. Artificial intelligence platforms enable enterprises to simplify their business methods for quick task resolution, without devoting additional time to mundane tasks. It facilitates enterprises to transform manual business processes and redundant tasks by automating or replacing them with RPAs. By automating such tasks industries can reduce cost as well as time spent on those tasks and invest and focus on other critical business issues.

The key players of the global artificial intelligence platform market report include- Absolutdata, Amazon Web Services, Apple, Google, HPE, IBM, Intel, Microsoft, Qualcomm, and Salesforce.

Key Segments of the Global Artificial Intelligence Platform Market

Component Overview, 2018-2028 (USD Million)

• Tools
  • Machine Learning (ML)
  • Natural Language Processing (NLP)
• Services

Business Function Method, 2018-2028 (USD Million)

• Chatbots
• Forecasts and Prescriptive Models
• Text Recognition
• Speech Recognition
• Others

Vertical 2018-2028 (USD Million)

• BFSI
• Research and Education
• Transportation
• Retail and eCommerce
• Manufacturing
• Healthcare
• Others

Regional Overview, 2018-2028 (USD Million)

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Middle East and Africa

• UAE
• South Africa
• Rest of Middle East and Africa

South America

• Brazil
• Rest of South America