Artificial Intelligence Report 1H2019
Artificial intelligence has shaken off its experimental mantra and fully launched into the developmental phase of the innovation cycle. As the application of AI grows increasingly widespread across almost all verticals, several industries are now dependent on the advancements of AI to ensure their growth and competitiveness. For instance, autonomous vehicle technology, IoT, healthtech, e-commerce, insurance and smart cities are all hot industries hungry for artificial intelligence that can propel their next technology push, improve efficiency and productivity, streamline business models, and reduce latency and fragmentation.
The report also includes:
- Trends and analysis of deal activity
- Deal geography
- Top acquirers
- Valuation metrics
Total Number of Artificial Intelligence M&A Deals
In terms of market value, AI is forecast to grow from $21.46 billion in 2018 to a whopping $190 billion by 2025, according to a 2018 study by PR Newswire. In other words, market value is destined to grow nine fold over the next seven-year period. Accordingly, the volume of AI-related M&A deals has shown impressive growth year-on-year, hinting at a record-breaking result for the first half of 2019.