The Artificial Intelligence Market Ecosystem is Expanding and Diversifying Rapidly, with More than 1,000 Companies Actively Driving Innovation in the Market, According to Tractica
AI Innovators Are Expanding Beyond Hyperscalers and Technology Enablers to Include a Broader Range of Application-Focused Solution Providers, Platform Vendors, and Professional Services Providers
BOULDER, Colo.--(BUSINESS WIRE)-- Compared to a few years ago, the artificial intelligence (AI) market is starting to solidify around real-world applications with the pace of change being faster than it has ever been before, as startups and technology providers rush to create platforms and targeted niche solutions for solving specific enterprise problems. According to a new report from Tractica, the industry is churning and evolving quickly as merger and acquisition (M&A) activities abound, and it is homing in on areas of focus.
Tractica’s research has identified more than 1,000 companies that are driving innovation in the AI market, some of whom are well-known technology heavyweights but many of which are emerging solution providers that are focused on tailored AI applications to serve tactical business needs in specific industries.
“The AI ecosystem is a tangled web of traditional technology providers that have adapted to shifting trends and new market entrants focused on using AI for solving problems in niche areas, in addition to well-established internet-era hyperscaler companies that are spearheading the push toward AI-first organizations,” says research analyst Sherril Hanson.
The key categories of companies in Tractica’s mapping of the AI market ecosystem are as follows:
- Professional service providers
- Solution providers
- Application-focused solutions providers
- Virtual digital assistant (VDA) platforms
- AI development platforms
- Computer vision (CV)
- Natural language processing (NLP)
- Deep learning (DL)
- Machine reasoning (MR)
- Strong AI
- Compute/networking/storage hardware
Tractica’s report, “Artificial Intelligence Market Ecosystem”, provides an in-depth examination of the market ecosystem for AI. The ecosystem is subcategorized into multiple segments, which include hyperscalers, professional service providers, application-focused solution providers, AI development platforms, virtual digital assistant platforms, computer vision, natural language processing, deep learning, machine reasoning, strong AI, compute/networking/storage hardware, and chipsets. The report includes detailed profiles of 200 companies and 1,000 are included in the companion Excel databook. An Executive Summary of the report is available for free download on the firm’s website.
Tractica, an Informa business, is a market intelligence firm that focuses on emerging technologies. Tractica’s global market research and consulting services combine qualitative and quantitative research methodologies to provide a comprehensive view of the emerging market opportunities surrounding Artificial Intelligence, Robotics, User Interface Technologies, Advanced Computing, Connected & Autonomous Vehicles, and Wearables & Digital Health. For more information, visit www.tractica.com or call +1.303.248.3000.