A glance at the market of artificial intelligence (AI) (2020-2025)

artificial intelligence
Market Research

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.

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Market / Industry segment of artificial intelligence

Base Year Market size(B$)Duration(YEAR) CAGR(%)Source Name
2019 39.99 42.20%Grand view research
2016 4.065 9 55.60%PR news wire
2018 29.158 31.10%GMI research
201927.238 33.20%Fortune Business Insights
202058.6 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:

  1. IOT development
  2. Increasing number of connected devices
  3. Increasing demand for smarter sales process

Reverse drivers:

  1. Cyber attacks
  2. 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:

  1. Technology risk
  2. Sales and marketing risk
  3. Stage of business
  4. Funding risk

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