Sheridan, Wyoming, US, September 23, 2022 / EINPresswire.com/ – According to the latest report by IMARC Group titled “The Artificial Intelligence Market in India: Industry Trends, Share, Size, Growth, Opportunities and Forecasts 2021-2026, is expected to witness Artificial Intelligence Market in India Strong Growth During 2021-2026
Artificial intelligence (AI) refers to a technical solution concerned with building intelligent machines capable of performing tasks, which require human intelligence, speech recognition, translation, and decision-making based on past experiences. It provides automation, reduces errors, manages repetitive tasks, processes large amounts of data, and provides useful insights.
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Market Trends and Drivers:
Artificial intelligence is used in the automotive industry to manufacture components for various vehicles. This, along with the growing demand for autonomous, hybrid and electric vehicles (H/EVs) due to the growing concerns over carbon emissions, is one of the major factors driving market growth in India. Additionally, the increasing adoption of cloud-based solutions for analyzing large amounts of data, improving overall operational efficiency, and enhancing user experience in organizations, along with significant growth in information technology (IT), is contributing to the market growth. Apart from this, rapid digitization, expanding purchasing power of individuals, busy lifestyles and increasing penetration of smartphones with high speed internet connection are driving the demand for online applications. This, in conjunction with the booming e-commerce industry, creates a positive outlook for the market in the country.
India Artificial Intelligence Market Segmentation and Analysis 2021-2026:
The report has segmented the market on the basis of region, type, supply, technology, system, and end-use industry.
Segmentation by type:
Artificial General / Strong Intelligence
Separation by Subtraction:
Technology break up:
natural language processing
Break up by system:
Decision support processing
End-use industry disintegration:
selling by pieces
Transportation and logistics
Division by region:
West and Central India
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Highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market drivers and success factors
Comprehensive mapping of the competitive landscape
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Related report by IMARC Group:
US Artificial Intelligence Market Report: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027
Artificial Intelligence Market Share in Europe: Industry Trends, Size, Growth, Opportunities and Forecast 2021-2026
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