The Artificial Intelligence Market is expected to register a CAGR of 31.22% during the forecast period.
The artificial intelligence market is highly fragmented, with the presence of major players like IBM Corporation, Intel Corporation, Microsoft Corporation, Google LLC (Alphabet Inc.), and Amazon Web Services Inc. Players in the market are adopting strategies such as partnerships, innovations, mergers, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
SAS Institute Inc. joined The Clean Energy Smart Manufacturing Innovation Institute (CESMII), the Smart Manufacturing Institute, in February this year to further promote advanced analytics and Artificial Intelligence across manufacturing.
NVIDIA developed a new AI-on-5G solution in February this year that combines 5G vRAN, edge AI, and digital twin workloads on an all-in-one, hyper-converged, and GPU-accelerated system. Built with NTT DOCOMO, Fujitsu, and others, the all-in-one solution enables telcos to deliver immersive graphics, metaverse applications, and computer vision from a single server.
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