GMI Research recognizes Accubits Technologies as a leading market player in their research report —India Artificial Intelligence Market Opportunities and Forecast, 2019-2026. Along with Accubits Technologies, the report also recognizes various notable companies including Microsoft Corporation, Google LLC, Amazon Web Service, IBM Corporation, Tata Consultancy Services, Salesforce, and Intel Corporation.
As India is moving on the trajectory of digital transformation, Artificial intelligence is seen as the driving force behind a new era of mechanization and an automated future. Thanks to the increased awareness about the transformative power of AI, the adoption of Artificial intelligence can be seen across numerous enterprises.
There are many reasons why India makes a remarkable growth in artificial intelligence. The factors that drive the growth of AI Market in India include the rising adoption of cloud-based services along with increasing demand for intelligent virtual assistants. India’s country-wide positive position regarding the technology along with the numerous start-ups that focus on AI, ML and analytics make India a natural destination for research and innovation in the field of AI. Moreover, the increased penetration of AI in many industries including automotive, manufacturing, security and human resource further positively influence market growth.
The Government of India is also providing funding in R&D of AI-based technological advancements which propels the market growth further. In 2018, NITI Aayog, a strategy research organization of the India government has released a report offering suggestions and road map for the advancement of AI in India. Alongside this, the Ministry of Electronics and Information Technology formed four panels on numerous parts of artificial intelligence. This has introduced a positive enthusiasm for some technical professions to pursue AI technologies.
India is also home to many leading market players when it comes to Artificial Intelligence technologies. Accubits Technologies with development office in Technopark, Trivandrum is one such prominent player in the Indian AI Market. The company has developed several cutting-edge AI-technology based solutions to various industry sectors and has been one of the pioneers in AI Technologies.
GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make the right business & investment decisions faster based on real facts.