India Artificial Intelligence (AI) Market Market Key Players Analysis, Size, Growth, Trends and Forecast up to 2026
Artificial intelligence (AI) is the replication of human intelligence processes by machines, especially computer systems. In other words, it is the ability of a digital computer or computer-controlled robot to accomplish tasks commonly related with intelligent beings. The process of AI includes learning; the acquisition of data and rules for using the information, reasoning; using rules to achieve approximate or definite ends and self-correction. AI designed for certain activities such as speech recognition, learning, planning, problem solving, machine vision, etc.
The factors responsible for driving the growth of Artificial intelligence (AI) market in India includes, growing adoption of cloud-based services coupled with increasing demand for intelligent virtual assistants. Additionally, due to the country-wide positive position regarding the technology along with the role of AI, ML and analytics start-ups, India becomes prominent in research and innovation in the field of AI. Due to which tech giants like Facebook and Google, are increasing their research, investment and collaboration effort in the field of AI and ML in the country which is also fuelling the market growth. Moreover, increasing penetration artificial intelligence in several industries such as manufacturing, security, human resource, automotive and others would further positively influence market growth. Increasing government funding in R&D of AI based technological advancements will also propel the market growth. However, data security concern and lack of skilled professional are restraining the market growth.
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The India AI market has been segmented on the basis of offering, technology and end-user. Based on offering market is categorized into hardware, software and services. On the basis of technology, market is segmented into Machine Learning, Natural Language Processing (NLP), Deep Learning, Machine Vision, ASI & AGI. Based on the application market is segmented into Indoor and Outdoor. Based on the end-user, the market is categorized into Healthcare, BFSI, Retail, Manufacturing, Automotive & Transportation, Agriculture, Manufacturing, Media & Entertainment, and Others.
The research report “India AI market” provides an in-depth analysis of India AI market based on offering, technology and end-user for the forecast period from 2019 to 2026. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global Lighting Control System market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
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Key questions answered in this research report:
- At what pace is the India AI market growing? What will be a growth trend in the future?
- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
- What are the various application areas and how they are poised to grow?
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