Artificial Intelligence for Consumer Applications: Image Recognition, Speech Recognition, Recommendation Engines, Personalization Services, Search Tools, Virtual Assistants, and Other Consumer AI Use Cases: Global Market Analysis and Forecasts

Artificial Intelligence for Consumer Applications: Image Recognition, Speech Recognition, Recommendation Engines, Personalization Services, Search Tools, Virtual Assistants, and Other Consumer AI Use Cases: Global Market Analysis and Forecasts

  • September 2017 •
  • 144 pages •
  • Report ID: 5090455
Even as research and investment into artificial intelligence (AI) have gone through some 60 years of booms and busts, consumers’ fascination with the technology persists. But it is with the recent rise of digitization, Big Data, improved algorithms, and processing speed that consumer applications of AI have begun to emerge into the mainstream. From movie recommendations to search engine queries, AI and, more specifically, deep learning are powering a range of applications that have recalibrated consumer expectations for the digital lifestyle. Led by the internet giants of our time, consumer AI use cases are among the most advanced proof points for commerciallyavailable AI to date. Companies like Google, Amazon, Facebook, Baidu, Apple, and others are pioneering the use of AI in consumer interactions, both to mimic and to empower human capabilities.

Tractica’s analysis and forecasting of the AI market finds that consumer AI now accounts for the largest portion of AI software, hardware, and services revenue,
representing approximately $1.86 billion in 2016, greater than any other industry segment. The growth of this market is not limited to internet companies. As brands and suppliers across consumer-facing industries incorporate AI into their products and processes, consumer AI will replace the current standards for consumer interactions. Although the entire market, including consumer AI, remains in its infancy, Tractica anticipates that strong growth is highly likely. Tractica forecasts that the market for consumer AI hardware, software, and services will grow from $1.86 billion in 2016 to $42.1 billion by 2025. This Tractica report provides a detailed examination of the market opportunity for AI hardware, software, and services in the consumer sector during the period from 2016 to 2025. Technologies covered include machine learning, deep learning, national language processing, computer vision, machine reasoning, and strong AI. The forecasts in this report cover the top 23 use cases for consumer AI based on revenue, investment, and market activity. Profiles are also included for 20 key participants in the emerging consumer AI market ecosystem.

Key Market Forecasts
- Consumer Artificial Intelligence Total
Revenue by Segment, World
Markets: 2016-2025
- Consumer Artificial Intelligence
Software Revenue by Segment,
World Markets: 2016-2025
- Consumer Artificial Intelligence Total
Software, Service, and Hardware
Revenue by Segment, World
Markets: 2016-2025
- Consumer Artificial Intelligence
Software Revenue by Use Case and
Region, World Markets: 2016-2025
- Consumer Artificial Intelligence
Hardware Revenue by Product
Category and Region, World
Markets: 2016-2025
- Consumer Artificial Intelligence
Services Revenue by Service
Category and Region, World
Markets: 2016-2025

Use Cases
- Static image recognition, classification,
and tagging
- Voice/speech recognition
- Search engine queries
- Movie recommendations
- Social media feed curation
- Text-based automated bots
- Product recommendations
- Personalized health, fitness, and
wellness improvement
- Language translation services
- Travel concierge and booking service
- Machine/vehicular object
detection/identification/avoidance
- Music recommendations
- Contextual intelligence for mobile
- Predictive typing assistant
- Building generative models of the real
world
- Others

Technologies
- Machine Learning
- Deep Learning
- Computer Vision
- Natural Language
Processing
- Machine Reasoning
- Strong AI

Geographies
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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