The artificial intelligence (AI) market showcases a vast array of applications across industries. AI is prominently employed in sectors such as healthcare for disease diagnosis and treatment planning, in finance for algorithmic trading, and in autonomous vehicles for self-driving technology. Among these applications, the dominating segment is in the field of data analytics and machine learning, where AI is harnessed to extract valuable insights, make predictions, and improve decision-making. This segment's significance is propelled by its transformative impact on businesses and its ability to enhance operational efficiency and competitiveness.
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Data Bridge Market Research analyses that the Turkey Artificial Intelligence Market was valued at USD 820.63 million in 2021 and is expected to reach the value of USD 2,197.11 million by 2029, at a CAGR of 13.1% during the forecast period of 2022-2029. Breakthroughs in machine learning have led to AI systems that can tackle intricate tasks with greater precision. These advancements involve more sophisticated algorithms that improve decision-making, pattern recognition, and problem-solving, expanding AI's potential across various domains.
Key Findings of the Study
Data proliferation is expected to drive the market's growth rate
The exponential growth of data has significantly enriched the capabilities of AI systems. With vast datasets, AI algorithms can learn and adapt more comprehensively, enhancing their accuracy and predictive power. This wealth of information enables AI to recognize intricate patterns, make better-informed decisions, and deliver more tailored solutions. As a result, AI becomes increasingly adept at tasks ranging from natural language understanding to image recognition, thereby bolstering its effectiveness in addressing a wide array of real-world challenges.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Hardware, Software, Services), Type (General/Strong AI, Narrow/Weak AI), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Technology (Machine Learning, Deep Learning, Computer Vision, Natural Language Processing (NLP), Speech Recognition, Image Processing, Context-Aware Computing), Application (Virtual Assistants/Chatbots, Forecasts and Modeling, Text Analytics, Speech Analytics, Predictive Maintenance and Others), End User (Manufacturing, Retail, Healthcare, Security, Automotive, Aerospace, Marketing, Construction, Telecommunication, Defense, Oil and Gas, Banking and Finance, Law, Building Automation, Media and Entertainment, Human Resources, Supply Chain, Food and Beverage, Gaming, Agriculture, Consumer Products, Education, Entertainment, Others)
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Countries Covered
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Turkey
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Market Players Covered
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NVIDIA Corporation (U.S.), Intel Corporation (U.S.), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), Amazon Web Services, Inc. (Subsidiary of Amazon.com, Inc.) (U.S.), Google (a subsidiary of Alphabet Inc.) (U.S.), QlikTech International AB (Sweden), MICROSTRATEGY INCORPORATED (U.S.), Twerlo (U.S.), CBOT (U.S.), WideBot, Inc (U.S.), DilenyTech (U.S.), Siemens (Germany), SAMSUNG ELECTRONICS CO., LTD. (South Korea), Meta (U.S.), Oracle (U.S.), SAP SE (Germany), Salesforce, Inc. (U.S.), SAS Institute Inc. (U.S.), Baidu, Inc. (China), Hyperlink InfoSystem (India), CSP Solution (U.S.), DECE Software Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Yesil Science Teknoloji Ltd. Sti. (Turkey), Microsoft (U.S.), Huawei Technologies Co., Ltd. (China)
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
The Turkey artificial intelligence market is segmented into component, type, organization size, technology, application, and end user.
- On the basis of component, the Turkey artificial intelligence market is segmented into hardware, software, and services.
- On the basis of type, the Turkey artificial intelligence market is segmented into general/strong AI, and narrow/weak AI.
- On the basis of organization size, the Turkey artificial intelligence market is segmented into large enterprises, and small and medium-sized enterprises.
- On the basis of technology, the Turkey artificial intelligence market is segmented into machine learning, deep learning, computer vision, natural language processing (NLP), speech recognition, image processing, and context-aware computing.
- On the basis of application, the Turkey artificial intelligence market is segmented into virtual assistants/chatbots, forecasts, and modelling, text analytics, speech analytics, predictive maintenance, and others.
- On the basis of end user, the Turkey artificial intelligence market is segmented into manufacturing, retail, healthcare, security, automotive, aerospace, marketing, construction, telecommunication, defense, oil and gas, banking and finance, law, building automation, media and entertainment, human resources, supply chain, food and beverage, gaming, agriculture, consumer products, education, entertainment, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the Turkey artificial intelligence market players in Turkey artificial intelligence market are NVIDIA Corporation (U.S.), Intel Corporation (U.S.), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), Amazon Web Services, Inc. (Subsidiary of Amazon.com, Inc.) (U.S.), Google (a subsidiary of Alphabet Inc.) (U.S.), QlikTech International AB (Sweden), MICROSTRATEGY INCORPORATED (U.S.), Twerlo (U.S.), CBOT (U.S.), WideBot, Inc (U.S.).
Market Developments
- In December 2020, Twerlo introduced its customer support solution based on the WhatsApp API. These products aim to improve the customer experience by simplifying the customer journey. Twerlo envisions a transformation in the way businesses engage with their customers and has already garnered interest from major enterprises in Saudi Arabia. This expansion has bolstered the company's portfolio and presence in the region.
- In March 2022, SAP SE unveiled the inauguration of SAP Labs Singapore, a digital innovation center with a mission to nurture local digital talent, foster community engagement, and propel product innovation. It marks SAP's pioneering effort in Southeast Asia (SEA) and will play a pivotal role in advancing cutting-edge technologies such as artificial intelligence (AI) and machine learning, particularly in areas such as digital supply chain, intelligent business networks, and sustainability solutions. This initiative will strengthen SAP's footprint and influence in the region.
- In September 2022, AiCure introduced its Clinical Site Services Program, establishing partnerships with research sponsors and sites throughout the research process. The program provides data-driven insights aimed at reducing study-related risks and enhancing workflow efficiency.
- In April 2023, H2O.ai unveiled a strategic collaboration with GeoTechnologies, a Japanese firm specializing in map data and location information solutions for vehicle navigation systems. Leveraging H2O.ai's H2O AI Cloud, GeoTechnologies has crafted an AI-driven platform capable of assessing sidewalk safety using on-board camera footage.
- In June 2023, AMD introduced its AI Platform strategy, showcasing the AMD Instinct MI300 Series accelerator family. This unveiling included a sneak peek at the AMD Instinct MI300X accelerator, specifically designed for large language model training and generative AI workloads.
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