Artificial intelligence can be worth $36 bn

SAN JOSE, CALIFORNIA: Global Artificial Intelligence Market is projected to cross $36 billion in revenues by 2015. And, the United States represents the largest market for Artificial Intelligence (AI) while Asia-Pacific is expected to offer the highest growth potential for AI over the analysis period 2006-2015.

As per the latest GIA (Global Industry Analysts) report, AI holds immense promise in the present and the future, with practical AI-based applications benefiting innumerable industrial as well as commercial domains. Since the past several years, the AI market has been aiming at using specific technologies to improve existing applications in domains such as finance, transportation guidance systems, manufacturing automation, medical and biotech, entertainment and education, as well as defense and domestic security.

AI technologies could be used for enhancing existing applications in data analysis with high complexity, and address variability in situations, such as analysis of data input from domains ranging from deep space exploration to data mining using AI-enhanced applications.

Expert Systems Market is the largest and the fastest growing segment. Artificial Neural Networks Market represents the second largest AI segment. All this is a pointer as per a GIA report that discusses the prevailing trends, issues, demand forecasts, and activities that affect the industry.

The global artificial intelligence market which is analyzed revenues in $ Million, is analyzed further by the following technologies - artificial neural networks, expert systems, belief networks, decision support systems, intelligent software agents, and other technologies. The market is also analyzed by the following major applications - business intelligence, customer relationship management, fraud detection, biometrics, and other applications.

Dominant global players profiled in the report include Actutate Corporation, ECtel Ltd., Fair Isaac Corporation, Firepond, Inc, i2 Technologies, Inc, Information Builders, Inc, International Business Machines Corporation (IBM), ImageWare Systems, Inc, L-1 Identity Solutions, Inc, Microsoft Corporation, Microstrategy Incorporated, Oracle Corporation, Qlik Technologies, Inc, SAP AG, SAS Institute Inc., SPSS Inc., and Sybase Inc. among others