The Artificial Intelligence platform provides tools and technologies to build applications with AI-rich capabilities. The algorithms used for formulating the AI platform provide logical models for application developers to fabricate various innovative applications with capabilities, such as speech and voice recognition, text recognition, and predictive analytics.
The global market for Artificial Intelligence platform is projected to reach a market size of USD 9.88 billion by 2022, from USD 2.61 billion in 2017. This growth is expected at a Compounded Annual Growth Rate (CAGR) of 30.5%. The factors likely to drive the Artificial Intelligence platform market are the substantial increase in data generation, high demand for AI-based solutions, the need to enhance customer experience, and the increasing operational efficiency & reduced cost that AI platforms offer.
Vendors who fall into this category receive high scores for most of the evaluation criteria. They have a strong and established product portfolio and a very strong market presence. They provide mature and reputable Artificial Intelligence platform solutions. They also have strong business strategies. Microsoft Azure AI, Amazon ML platform services, Intel Nervana Platform, Google Cloud Machine Learning Engine, IBM Watson, SAP Leonardo Machine Learning, Salesforce Einstein suite, and Qualcomm have been placed in this category.
The innovators in the MicroQuadrant consist of vendors who have demonstrated substantial product innovations as compared to their competitors. They have much-focused product portfolios. However, they do not have very strong growth strategies for their overall business. Ayasdi, Absolutdata NAVIK AI platform, Oracle, and SAS have been placed in this category.
They are established vendors with very strong business strategies. However, they are low in their product portfolios. They focus on a specific type of technology, related to the product. HPE C3 AI Suite, Infosys Nia, and Wipro Holmes have been placed in this category.
They are vendors with niche product offerings. They are starting to gain their positions in the market. They do not have strong business strategies when compared to the other established vendors. They might be new entrants in the market and require some more time before gaining significant traction. BigML, Artificial Solutions, CrowdFlower, Kasisto, msg.ai, Rainbird Technologies, Vital AI, ASI Data Science, RapidMiner, and DataRobot have been placed in this category.
By tools, the Machine Learning (ML) segment is expected to hold the dominant position in terms of market share as well as CAGR during the forecast period. Artificial Intelligence platform tools are used to deploy AI-enabled algorithms across the Banking, Financial Services, and Insurance (BFSI), healthcare, and retail & eCommerce verticals to analyze large amounts of data.
Among services, the highest CAGR and largest contribution are expected from the managed services segment. The growth of this segment can be attributed to the availability of 2 deployment models—on-premises and cloud—which require maintenance and infrastructure support by providers of managed services.
By deployment mode, cloud deployment is expected to dominate in terms of market share as well as CAGR, since this mode provides a variety of agile solutions in the Artificial Intelligence platform market.
By application, forecasts & prescriptive models is projected to be the most significant contributor, while text recognition is expected to grow at the highest rate. Analysis of customer behavior and identification of specific patterns in data are possible with the use of forecasts & prescriptive models.
Among end users, the BFSI segment is projected to have the largest share, while healthcare is expected to have the highest growth rate during the forecast period. Both these sectors use Artificial Intelligence platform to obtain insights from significant amounts of data and analyze trends from this data to enhance decision making as well as customer experience. End users from the manufacturing, retail & eCommerce, transportation, and research & academia sectors use Artificial Intelligence platform to access real-time data to reduce response time to customer queries and enhance business processes. These sectors are also expected to grow significantly during the forecast period.
By region, the Artificial Intelligence platform market is studied for North America, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America. Among these, the highest revenue is expected from North America. This can be attributed to the high focus on innovation and the competitive nature of the market in developed economies such as the US and Canada. In terms of growth rate, APAC is projected to lead as a result of the increasing technological advancements and the expansion of domestic enterprises in the region.
Restraints that the market faces include the increasing issue of data privacy, especially in emerging economies, as well as the lack of a skilled workforce to enable organizations to perform optimally.
TOP VENDORS In Artificial Intelligence Platform
- MICROSOFT Azure AI2 Reviews
- GOOGLE Cloud Machine Learning Engine2 Reviews
- IBM Watson4 Reviews
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Artificial Intelligence Platform Quadrant
|Product Features and Functionality|
|Focus on Product Innovation|
|Breadth and Depth of Product Offering|
Microsoft utilizes the latest technology to help developers build and run models at the highest scale across 50 regions. Its comprehensive suite includes cognitive services, bot framework, deep learning framework, Azure data, and analytics platform tools.BUYERVENDOREXPERTS3.7MNM ANALYSTS
Google helps build ML models and enables numerical calculations with the help of data flow graphs. It helps users from various industry backgrounds use different applications, ranging from language translation to early detection of diseases.BUYERVENDOREXPERTS3.6MNM ANALYSTS
IBM generates business insights with the help of cognitive computing services embedded in Watson's analytics engine. It also helps in building digital assistants where users can ask natural language questions and visualize data patterns.BUYERVENDOREXPERTS3.3MNM ANALYSTS
AWS provides text-to-speech and image recognition capabilities. Its toolkit helps developers create applications on the Amazon Web services platform.BUYERVENDOREXPERTS3.3MNM ANALYSTS
Intel's offerings comprise of Field-Programmable Gate Arrays (FPGAs), Central Processing Units(CPUs), and hardware acceleration technology that helps improve driving applications in self-driven cars.BUYERVENDOREXPERTS3.2MNM ANALYSTS
SAP finds data patterns and analyzes texts, images, and voices to help the business grow with the aim of helping customers in bringing innovation.BUYERVENDOREXPERTS3.2MNM ANALYSTS
Salesforce Einstein handles data prep, modeling, and the infrastructure needed to embed and scale predictive models throughout its applications.BUYERVENDOREXPERTS3.1MNM ANALYSTS
Qualcomm's platform offers various experiences for smartphones, cameras, and VR/AR. It provides a virtual assistant to communicate with the device and helps the device camera identify objects and provide a better click.BUYERVENDOREXPERTS2.9MNM ANALYSTS
OnDemand cloud platform comprises ML ,APIs, and cloud services. APIs include image analysis, video analysis, speech analysis, audio recognition, and text recognition. HPE also offers a drag-and-drop graphical user interface to simplify the coding.BUYERVENDOREXPERTS2.8MNM ANALYSTS
Infosys helps improve human decision making capabilities by collecting information about engineering products and processing them for the development of new products.BUYERVENDOREXPERTS2.6MNM ANALYSTS
Wipro offers a foundation for the development of cognitive process automation, knowledge virtualization, predictive systems, digital virtual assistants, robotics, drones, and digital virtual agents. The benefits of this platform include cost, speed, and improvements in experience, efficiency, and automation.BUYERVENDOREXPERTS2.6MNM ANALYSTS
SAS uses NLP to automatically extract critical business insights and emerging trends from large amounts of structured and unstructured content.BUYERVENDOREXPERTS2.6MNM ANALYSTS
Through Oracle’s ready-to-go, AI-powered cloud applications, business teams can drive better business outcomes through intelligent features such as next-best offers in CX suite or smart candidate lists in HCM suite.BUYERVENDOREXPERTS2.5MNM ANALYSTS
Ayasdi's topological data analysis engine empowers the Ayasdi AI platform and provides machine learning, statistical, and geometric algorithms to combine and synthesize data.BUYERVENDOREXPERTS2.2MNM ANALYSTS
AbsoulutData uses a decision-centric approach where a human-machine model pairs human intelligence with technologies, data, and analytics, and provides users with the a self-learning approach, helping achieve effectiveness in sales and marketing operations.BUYERVENDOREXPERTS2.2MNM ANALYSTS
An intuitive data prep solution to convert, pivot, and combine data from multiple sources with just a few clicks.BUYERVENDOREXPERTS1.8MNM ANALYSTS
DataRobot automates the entire modeling lifecycle, enabling users to quickly and easily build highly accurate predictive models.BUYERVENDOREXPERTS1.7MNM ANALYSTS
The company provides a highly interactive conversational AI betting solution that engages customers over any channel, device, service, and language. It uses linguistic and machine learning techniques for maximum performance on any platform.BUYERVENDOREXPERTS1.7MNM ANALYSTS
Kasisto is a conversational AI platform fluent in finance that helps customers with intelligent virtual assistants and smart bots, integrated with the bank’s back-end systems.BUYERVENDOREXPERTS1.6MNM ANALYSTS
FACULTY specializes in data exploration, data science, advanced analytics, predictive analytics and data engineering that empowers organizations to become more data-driven with first class software, skills, and advisory solutions.BUYERVENDOREXPERTS1.6MNM ANALYSTS
Vital AI provides a framework for AI assistants and chatbots, and helps in implementing Apache Spark, Big Data Analysis, and Machine Learning.BUYERVENDOREXPERTS1.5MNM ANALYSTS
MSG.AI collaborates with human agents to offer high-quality resolutions to customer queries on email, mobile, and chat.BUYERVENDOREXPERTS1.5MNM ANALYSTS
BigML offers a smart infrastructure that automatically adjusts resources to seamlessly meet computational needs in a cost-effective manner, while abstracting away infrastructure concerns from end-users.BUYERVENDOREXPERTS1.4MNM ANALYSTS
Rainbird Technologies combines human expertise with AI-powered automation technology that scales, augments, and improves decision-making.BUYERVENDOREXPERTS1.4MNM ANALYSTS
CrowdFlower generates high-quality customized training data and automates business process with easy-to-deploy models. It offers products and services like self-driving cars, intelligent personal assistants, medical image labeling, content categorization, customer support ticket classification, social data insight, CRM data enrichment, product categorization, and search relevance.BUYERVENDOREXPERTS1.2MNM ANALYSTS
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This product helps users identify prospective customers based on AI recommendations and helps increase engagement with them using multiple communication toolsBUYERVENDOREXPERTSMNM ANALYSTS
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Dataminr uses AI and ML to detect, categorize, and determine the importance of the information in real time.BUYERVENDOREXPERTSMNM ANALYSTS
This platform helps develop APIs or SDKs for facial, text, image, and object recognition along with other AI capabilities.BUYERVENDOREXPERTSMNM ANALYSTS
Houndify can be deployed at any place with full control of the brand still lying with the developer/owner. It is equipped with technology for voice and AI integration.BUYERVENDOREXPERTSMNM ANALYSTS
This product leverages cloud computing and mobile technology in sectors such as mobile internet, wearable devices, car navigation, education, home appliances, etc.BUYERVENDOREXPERTSMNM ANALYSTS
Tracks health management by monitoring and recording the user’s sleep patterns, diets, activity levels through photos or voice notes and recommends action to be taken in case nutrition is affected.BUYERVENDOREXPERTSMNM ANALYSTS
Mobvoi is an AI company that offers technologies that include mobile intelligence voice search for iOS, Android, Android Wear, Google Glass, and WeChat.BUYERVENDOREXPERTSMNM ANALYSTS
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ROS.AI provides AI interaction capabilities and complete AI solutions for equipment such as electric appliances, automobiles, and others. It is a flexible and open platform.BUYERVENDOREXPERTSMNM ANALYSTS
SCOPA is used for second-order computing based on PB-level full-scale data. It has an intelligent human-machine collaboration system.BUYERVENDOREXPERTSMNM ANALYSTS
SenseFace is an integrated solution for target surveillance, population management, trajectory analysis, and is powered by deep learning algorithms.BUYERVENDOREXPERTSMNM ANALYSTS
Sentient Ascend helps marketers to test multiple hypotheses at once with less traffic. This helps generate insights faster and automates the process of experimentation and testing. This results in marketers focusing on improvement solutions rather than on administration.BUYERVENDOREXPERTSMNM ANALYSTS
Smart Process Automation (SPA) is WorkFusion's AI-driven automation platform that combines AI, RPA, OCR, analytics, and workflow built-in to enable end-to-end automation on a single platform. This single platform with all critical automation capabilities circumvents the need for multiple tools to license, deploy, and maintain. SPA offers bots that serve as an enterprise intelligent digital workforce and uses machine learning to learn, adapt, and adjust in real-time from the available data so no need for massive data, data scientists or coding. Its other features include business logic machine learning and workforce automation insightsBUYERVENDOREXPERTSMNM ANALYSTS
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Vicarious is a product that develops AI for robots. It does this by using a combination of models and systems from neuroscience and generative probabilities.BUYERVENDOREXPERTSMNM ANALYSTS
Wave Computing uses dataflow technology to enhance deep learning without the need for a host and co-processor. It exploits parallelisms in data and models from recurrent neural networks for high-performance and high-efficiency solutions for training and inferencing.BUYERVENDOREXPERTSMNM ANALYSTS
YITU Dragonfly Eye™ Intelligent Security System operates using machine vision technology for intelligent security systems that design intelligent transportation, smart finance, and safe cities.BUYERVENDOREXPERTSMNM ANALYSTS