The most exciting within Europe Artificial Intelligence
Numerous analysts across the world are unanimous on the fact that, the
Europe artificial intelligence is on interesting curve in terms of
applications, adoption, and awareness. Research and Markets estimates that the Europe Artificial Intelligence will
grow at a CAGR of 43.2% from 2016 to 2022.
In effect, the Europe artificial intelligence market is currently witnessing healthy growth as companies have started
leveraging the benefits of diversified application areas of AI, enhanced
productivity, effective customer reach and positioning of their
services/solutions.
Research and Markets reveals that, market growth is also supported by an
expanding application base of artificial intelligence solutions across various
industries. However, I can also observe
that, factors such as low funding access or high upfront investment, and demand
for skilled resources (workforce) are presently acting as major deterrents to
market growth.
It is also interesting to recall that, the rising demand for intelligent systems is expected to propel the
growth of the Europe Artificial
Intelligence in the next five years.
