China 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 China AI Market:
The growing adoption of advanced
technologies by several industries is surging the growth of the China
AI market.
Artificial intelligence is rapidly implemented in various sectors to improve
their R& D activities and induce automation in their processes. AI
improves decision-making and in solving problems by its reasoning. This is the
reason why AI is being installed in every program by numerous industries.
Several government initiatives are aimed at technological advancements in
different sectors, such as retail, oil & gas, defense, manufacturing,
healthcare, among others. The ‘New Generation Artificial Intelligence
Development Plan’ illustrated that the
state council of China will increase the prevalence of businesses and focuses
on becoming a major player in the technologies like virtual reality, military
applications, self-driving cars, and smart robots (that are based on inbuild
knowledge to have the capabilities to learn from surroundings) by 2030. These
specializations of implementing AI and numerous government initiatives are
bolstering the growth of the China AI market.
China is looking forward to implementing artificial
intelligence in military operations. There have been various conferences
associated with Artificial Intelligence (AI) attended by officials of China’s
Ministry of Foreign Affairs, corporates executives of AI companies of China,
government think tank experts, and leaders of China’s military AI research
organizations. China aims to become the world’s primary AI innovation center by
abolishing Xi’s term limits. This will help its key companies – Alibaba, Baidu,
and Tencent, also known as BAT, to become superior and well organized. These
factors propel the growth of the China AI market.
China AI Market Segmentation:
The China AI market has been segmented into the following
categories:
China AI Market by Product Type:
·
Hardware
o
Processors
o
Memory
o
Network
·
Software
o
AI Platforms
o
AI Solutions
·
Services
o
Deployment & Integration
o
Support & Maintenance
China 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
China AI Market by Type:
·
Narrow/Week AI
·
General/Strong AI
China 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
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