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The growing demand for more sophisticated Artificial Intelligence solutions in the market, especially from government agencies, businesses, enterprises, and tech startups is facilitating a massive growth in the artificial intelligence software market worldwide. According to the market research firm Tractica, the global artificial intelligence software market is expected to experience massive growth in the coming years, with revenues increasing from around $9.5 billion in 2018 to an expected $118.6 billion by 2025.
Leading market research and consulting firm GMI Research has published a couple of reports covering the market dynamics of artificial intelligence software development in GCC and India markets. According to the reports, leading companies that drive AI growth in both GCC and India markets are as follows;
- Google LLC
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- Accubits Technologies
GCC is evolving rapidly and observing a drastic modification with AI technologies, especially in countries like the UAE and Saudi Arabia. The growing number of internet users and connected devices are driving the market growth of AI in this region. Governments in the GCC region are pushing the AI agenda to become a global leader in the technology along with increasing investments by the government and private sector, which is paving the way for AI during the forecast period. Various notable players in the GCC AI market include;
- Accubits Technologies (UAE)
- Facebook, Inc.
- Fusion Informatics Limited
- Google LLC
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- NVIDIA Corporation
- Stallion.ai
- Qualcomm International, Inc
The factors responsible for driving the growth of the Artificial intelligence (AI) market in India include the growing adoption of cloud-based services coupled with increasing demand for intelligent virtual assistants. Additionally, due to the country-wide positive position regarding the technology along with the role of AI, ML and analytics start-ups, India becomes prominent in research and innovation in the field of AI. Various notable players in the India AI market include;
- Accubits Technologies Inc.
- Amazon Web Service
- Google LLC
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- Salesforce.com, Inc.
- Softweb Solutions
- Tata Consultancy Services
- ThirdEye Data Analytics Services Pvt. Ltd.
The reports are segmented based on offering, technology, and end-user. Based on the offering market is categorized into hardware, software, and services. On the basis of technology, the market is segmented into Machine Learning, Natural Language Processing (NLP), Deep Learning, Machine Vision, and others.
About Accubits Technologies
Accubits Technologies is a full-service software provider enabling Governments, Fortune 1000 companies, and Tech startups to accelerate their business growth with bleeding-edge technology and solutions. Accubits helps organizations to be future-proof through data-driven solutions for mobile, cloud, and web platforms.
