With the advancement of technology in recent years, the form of sales and retail has undergone a fundamental change. According to IBM’s report, in 2021, eighty percent of retailers will operate using artificial intelligence (AI), so the replacement of sales staff with this technology will not be unexpected. In addition to reducing repetitive tasks, AI increases productivity.
If you are interested in having more information on the market maps published in other fields, you can read ” What is market research? “ In this article, we have compiled all the market maps published in Retiba.
Table of Contents
Market / Industry segment of artificial intelligence
| Base Year | Market size(B$) | Duration(YEAR) | CAGR(%) | Source Name |
| 2019 | 39.9 | 9 | 42.20% | Grand view research |
| 2016 | 4.065 | 9 | 55.60% | PR news wire |
| 2018 | 29.15 | 8 | 31.10% | GMI research |
| 2019 | 27.23 | 8 | 33.20% | Fortune Business Insights |
| 2020 | 58.6 | 5 | 46.20% | Yahoo Finance |
Market / Industry segment of artificial intelligence
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of artificial intelligence (AI)
Direct drivers:
- IOT development
- Increasing number of connected devices
- Increasing demand for smarter sales process
Reverse drivers:
- Cyber attacks
- Lack of awareness and acceptance
This market may also be threatened by following risks:
In all different markets and industries, the risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is the identification of risks in the market in order to perform risk management. The market of artificial intelligence (AI) may also be threatened by the following risks:
- Technology risk
- Sales and marketing risk
- Stage of business
- Funding risk
Download this market :
