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In order to comprehensively understand the artificial intelligence (AI) market, a Singaporean AI solution provider ordered a study into this market, which was conducted and published by Fortune Business Insights. The purpose behind the study was for the client to get a holistic analysis of the potential end-user industries for its products, other competitors, and revenue projections for the market. The methodology adopted had the following components:
Analyze and estimate the artificial intelligence market globally Identify the key market dynamics – Market drivers, restraints, trends and opportunities Analyze and estimate the emerging market trends of artificial intelligence and macro & micro economic factors affecting market development Provide extensive profiles of companies that operate in the global artificial intelligence market including their product offerings, growth strategies, technical capabilities, and key developments
A robust model based on artificial intelligence market value by component, technology and end use industry Data was sourced from credible desk research sources such as company annual reports, investor presentations and interviews with key vendors and providers of artificial intelligence solution and services
The client wanted to present the findings from the study in their internal meetings and use the data to assist them in building a plan to identify key end use industries, leading market players and their AI offerings, as well as AI market sizing in terms of revenue