Artificial Intelligence Use Cases

NEW YORK, Dec. 27, 2018 /PRNewswire/ -- 258 Use Case Descriptions, Examples, and Market Sizing and Forecasts Across Enterprise, Consumer, and Government Markets

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Artificial intelligence (AI) technologies and deployments are becoming even more widespread, thanks to a combination of growing amounts of data, faster processing power, and increasingly powerful algorithms. Indeed, as AI technologies make their way into virtually every industry, enabling machines to speak, listen, move, and make decisions in unprecedented ways, a wide range of use cases are illustrating the potential business opportunities, attracting new investment, and driving changes to existing business processes.

Tractica's analysis indicates that the opportunity for AI spans a wide range of industries and geographies, from advertising and automotive, to transportation and telecommunications. A significant portion of the overall revenue is concentrated in highly domain-specific markets with high-volume data needs and ontologies, as well as those with growing applications for machine perception. AI is widely considered to be the catalyst for the next big technological shift, on par with past shifts like the industrial revolution, the computer age, and the smartphone revolution. Tractica forecasts that the revenue generated from the direct and indirect application of AI software will grow from $5.4 billion in 2017 to $105.8 billion by 2025. This represents a significant growth curve for the forecast period with a compound annual growth rate (CAGR) of 45%.

This Tractica report provides a comprehensive examination of more than 250 AI use cases across the consumer, enterprise, and government markets. The report defines, contextualizes, and offers real-world examples and revenue forecasts for each use case, organized by industry sector. It serves as a referential compendium to Tractica's ongoing market forecasting of the AI space, offering an overview and analysis for each use case included in the model. As applications are analyzed in depth, the report also identifies common themes across the broader AI market.

Key Questions Addressed:

• What is artificial intelligence? How can businesses, governments, and consumers conceptualize AI and its potential?
• Where and how are AI technologies applied in specific industry contexts? What are the key use cases for which AI presents significant operational and financial efficiencies?
• What are real-world examples of companies developing or deploying AI technologies to support use cases in each industry?
• What are the relative benefits and risks involved in AI applications?
• How are AI technologies combined to support specific use cases?
• What is the size of the AI market opportunity and how does it vary by industry and use case?

Who Needs This Report?

• Artificial intelligence technology companies
• Software companies
• Semiconductor and component vendors
• Service providers and systems integrators
• End-user organizations deploying AI systems
• Industry organizations
• Government agencies
• Investor community

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