The article cited AMA's Global General Purpose Artificial Intelligence (GPAI) Market Study explored substantial growth with CAGR of %. According the report, Higher Demand for the Software Technologies for the Deployment and Designing of AI Applications
is one of the primary growth factors for the market. Rising Penetration of the Telehealth Platforms and Electronic Health Records is growing the Market
is also expected to contribute significantly to the General Purpose Artificial Intelligence (GPAI) market. Overall, Media and advertising
applications of General Purpose Artificial Intelligence (GPAI), and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Open AI (United States), Deepmind (United Kingdom), Google Brain (United States), One Concern (United States), MindBridge (India), Octane AI (United States), Evolv Technology (United States), PickNik Robotics (United States), Hyper Labs, Inc (United States), Microsoft (United States), IBM (United States) and Darktrace (United Kingdom) may see astonishing sales in this Market and certainly improve revenue growth.
The , such as , is boosting the General Purpose Artificial Intelligence (GPAI) market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global General Purpose Artificial Intelligence (GPAI) market identified that the demand is rising in many different parts of the world as "Rise in Research and Develop New Technologies in the Field of AI.
". Furthermore, some recent industry insights like "On 16th Dec 2020, OpenAI announced the launch of a general-purpose text in, text out” interface, which will allow its users to try any English language task virtually. This means one can now request access in order to integrate the API into a product for developing an entirely new application as well as helping OpenAI to explore the strengths and limits of this technology." is constantly making the industry dynamic. One of the challenges that industry facing is "Challenge of Cloud Computing Platforms for Handling and Storing Huge Volumes of Data"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of General Purpose Artificial Intelligence (GPAI) market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of General Purpose Artificial Intelligence (GPAI) market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the General Purpose Artificial Intelligence (GPAI) market tight? Which application/end-user category or Product Type [Machine Learning, Natural Language Processing, Deep Learning and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the General Purpose Artificial Intelligence (GPAI) market and other related sub-markets covered in the study.
o Key & emerging players in the General Purpose Artificial Intelligence (GPAI) market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall General Purpose Artificial Intelligence (GPAI) market size is calculated using market estimation process, the General Purpose Artificial Intelligence (GPAI) market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global General Purpose Artificial Intelligence (GPAI) market size has been validated using both top-down and bottom-up approaches.