India AI Market – Opportunities & Forecast, 2020-2027
The market report studies the impact of COVID-19 on the market while covering many aspects of the industry such as market size, market status, emerging trends, and forecast. The report also offers a brief information of the competitors and the specific growth opportunities, along with key market drivers.
Key Drivers of India AI Market:
Some of the major factor surging the growth
of the India AI
market includes the rising adoption of new technologies to enhance their
research & development activities by various industries, such as defense,
retail, oil & gas, and manufacturing. Every sector is opting to implement
AI in every program to improve problem-solving and decision-making. AI offers
cost-competitive accessibility to historical data, which allows the government
to support these technologies to the sectors that contribute more to the GDP.
Various government initiatives have been taken to implement AI in the
education, agricultural sector, among others. Digital India is one of the
initiatives under the Ministry of Electronics & Information Technology,
introduced by Narendra Modi, the Prime Minister of India, which emphasizes on
implementing digital technologies to the public sector infrastructure. Digital
India focused on combining information technology and processes to offer faster
services to citizens of the country. Other initiatives, such as Aadhar Enabled
Payment System and National Mission in Education through ICT, are driving the
growth of the AI market in India.
The emerging demand for AI in sectors such
as healthcare, aerospace, manufacturing, and automotive is mainly due to the
development of Artificial Neural Networks (ANN). There is an upsurge in demand
for AI in various industries such as aerospace, healthcare, automotive, and
manufacturing owing to the progress in Artificial Neural Networks (ANN). ANN
extracts precise and accurate data by substitution of typical machine learning
systems. Generative Adversarial Networks (GAN) and Single Shot Multibox
Detector (SSD) have provided methods for digital image processing, which has
raised the implementation of digital image processing in different areas. All
these factors accelerate the growth of the AI market in India.
India AI Market Segmentation:
The India AI market has been segmented into
the following categories:
India AI Market by Offering:
·
Hardware
o
Processors
o
Memory
o
Network
·
Software
o
AI Platforms
o
AI Solutions
·
Services
o
Deployment & Integration
o
Support & Maintenance
India AI Market by Technology:
·
Machine Learning
o
Deep Learning
o
Supervised Learning
o
Unsupervised Learning
o
Reinforcement Learning
o
Generative Adversarial Networks
(GANS)
o
Others
·
Natural Language Processing
(NLP)
·
Context-Aware Computing
·
Computer Vision
India AI Market by Type:
·
Narrow/Week AI
·
General/Strong AI
India AI Market
by End-User:
·
Healthcare
o
Patient Data & Risk
Analysis
o
Lifestyle Management &
Monitoring
o
Precision Medicine
o
Inpatient Care & Hospital
Management
o
Medical Imaging &
Diagnostics
o
Drug Discovery
o
Virtual Assistant
o
Wearables
o
Research
·
Manufacturing
o
Material Movement
o
Predictive Maintenance and
Machinery Inspection
o
Production Planning
o
Field Services
o
Reclamation
o
Quality Control
·
Automotive
o
Autonomous Driving
o
Hmi
o
Semiautonomous Driving
·
Agriculture
o
Precision Farming
o
Livestock Monitoring
o
Drone Analytics
o
Agricultural Robots
o
Others
·
Retail
o
Product Recommendation and
Planning
o
Customer Relationship
Management
o
Visual Search
o
Virtual Assistant
o
Price Optimization
o
Payment Services Management
o
Supply Chain Management and
Demand Planning
o
Others
·
Security
o
Identity and Access Management
o
Risk and Compliance Management
o
Encryption
o
Data Loss Prevention
o
Unified Threat Management
o
Antivirus/Antimalware
o
Intrusion Detection/Prevention
Systems
o
Others
·
Human Resources
o
Virtual Assistant
o
Applicant Tracking &
Assessment
o
Personalized Learning and
Development
o
HR Analytics
o
Job Recommendation
o
Sentiment Analysis
·
Marketing
o
Social Media Advertising
o
Search Advertising
o
Dynamic Pricing
o
Virtual Assistant
o
Content Curation
o
Sales & Marketing
Automation
o
Analytics Platform
o
Others
·
Law
o
Ediscovery
o
Legal Research
o
Contract Analysis
o
Case Prediction
o
Compliance
o
Others
·
Fintech
o
Virtual Assistant
o
Business Analytics &
Reporting
o
Customer Behaviour Analytics
o
Others
·
Construction
o
Project Management
o
Field Management
o
Risk Management
o
Schedule Management
·
Defense
o
Warfare Platform
o
Cyber Security
o
Target Recognition
o
Battlefield Healthcare
o
Simulation & Training
o
Planning & Allocation
o
Threat Monitoring &
Situational Awareness
o
Information Processing
o
Others
·
Aerospace
o
Smart Maintenance
o
Flight Operations
o
Training
o
Surveillance
o
Virtual Assistants
o
Dynamic Pricing
o
Manufacturing
o
Others
·
Supplychain
o
Fleet Management
o
Supply Chain Planning
o
Warehouse Management
o
Virtual Assistant
o
Risk Management
o
Freight Brokerage
o
Others
·
Building Automation
·
Consumer
·
Food & Beverage
·
Gaming
·
Media and Entertainment
·
Telecommunication
o
Predictive Maintenance &
Machine Inspection
o
Customer Analytics
o
Network Security
o
Network Optimization
o
Self-Diagnostics
o
Virtual Assistance
o
Others
·
Oil & Gas
o
Predictive Maintenance &
Machine Inspection
o
Material Movement
o
Production Planning
o
Field Services
o
Quality Control
o
Reclamation
About GMI
Research
Our in-depth market reports help propel your business with all the
data, strategic inputs, and competitive intelligence to move ahead even in the
most uncertain times. Featured in the ‘Top 20 Most Promising Market Research
Consultants’ list of Silicon India Magazine in 2018, we at GMI Research
look forward to help businesses stay ahead of the curve.
Company Name: GMI RESEARCH
Email: enquiry@gmiresearch.com
Phone: +353 1 442 8820
Address:Level 1, The Chase Carmanhall
Road, Sandyford Industrial Estate
City: Dublin
State: Dublin
Country: Ireland
Website: https://www.gmiresearch.com/
Comments
Post a Comment