The market for worldwide artificial intelligence software will boom nearly 30-fold to $89.8 billion by 2015, up from $3.2 billion in 2016, says research firm Tractica.
Tech giants Apple (AAPL), Google-parent Alphabet (GOOGL), Facebook (FB) and Microsoft (MSFT) have forged ahead in applying AI software to speech recognition, internet search, and classifying images. Amazon.com’s (AMZN) AI prowess spans cloud-computing services and voice-activated home digital assistants.
“Artificial intelligence is already key to how consumer internet companies operate today, allowing them to roll out hyper-personalized services by following an ‘AI first’ strategy,” Tractica’s research director, Aditya Kaul, said in a news release. “The rest of the market in the enterprise and government sectors is still catching up on adopting AI and has yet to fully understand its value.”
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In the enterprise market, Salesforce.com (CRM) is among software firms pushing into AI. Salesforce.com’s cloud software helps businesses organize and handle sales operations and customer relationships. Salesforce.com introduced its “Einstein” AI cloud platform in September 2016.
The consumer sector’s share of total AI revenue will shrink from 26% in 2016 to 8% by 2025, said Tractica.
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