Report: Big Data, Cloud Computing to Help Drive Artificial Intelligence Market Growth

Market Research Engine report predicts the global artificial intelligence market will grow at a 37 percent annual compound growth rate through 2024 to reach $191B.

The research company said Sunday the growth of big data, a demand for intelligent virtual assistants and the adoption of cloud computing applications and services are among the factors that will drive AI market over the next six years.

Key industry players featured in the report include IBM, Microsoft and Google.

The market report categorized AI into machine learning, natural language processing, speech recognition and image processing technology areas.

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