AI Sector Overviews Articles and Reports
Artificial intelligence “sector overview” reports are designed to help business leaders explore the possibilities and important AI trends across industries. Search our sector overview reports below:
Relative to banking, finance or healthcare, construction is still a small market for artificial intelligence and emerging applications are focused on finding patterns in large datasets which would either be too difficult for humans to process or would take them too long. Over the course of this article, we aim to answer the following questions:
The implementation of artificial intelligence applications in the healthcare space is poised to impact clinical workflows, physician training and the medical education model. A recent report by Accenture predicts that the AI health market will grow to an estimated $6.6 billion by 2021 and a compound annual growth rate (CAGR) of 40 percent. This represents a significant increase from a market size of $600 million in 2014.
According to this report from Deloitte, the global 3D printing industry is expected to reach $5.2 billion in 2020 and the largest opportunities for corporations in near future will be in home improvement and the life sciences sectors. Yet, today there are still several hurdles in the additive manufacturing process that need to be overcome for widespread adoption in the industry.
A 2017 report by the Pew Research Center found that 69 percent of the American public use some type of social media, like Facebook, Twitter, Instagram, and others.
There is a consensus among industry experts (both from our own insurance AI secondary research, and according to a 2017 Accenture survey report) that AI is going to be a key driver in making insurance products "smarter" in the coming 2-3 years.
Dermatology is defined as a branch of medicine primarily focused on the evaluation and treatment of skin disorders, including hair and nails. Market research firm BCC Research projects that the global market for skin disease treatment technologies will reach $20.4 billion in 2020. Based on $17.1 billion in market revenue in 2015, this anticipated increase represents a five-year compound annual growth rate (CAGR) of 3.6 percent.
Medical billing and coding is an integral component of healthcare. The medical billing outsourcing market alone is projected to reach $16.9 billion by 2021. The coding and billing process translates patient record information into standard codes which are used for billing patients and third-party payers such as a Medicare and insurance companies.
This year has been marked by an increase in artificial intelligence interest from new business sectors. Just one years ago, we hardly had any visitors or subscribers from the food services sector - and this year we have a strong interest from food processing and food services leaders, which has come as a surprise.