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Latin America Artificial Intelligence Market Report 2021-26: Industry Growth, Market Share, Size Trends

According to the latest report by IMARC Group, titled Latin America Artificial Intelligence Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the Latin America Artificial Intelligence Market Report expected to continue its robust growth during the forecast period (2021-2026).

Artificial intelligence (AI) refers to an interdisciplinary field of computer science invented to imitate human intelligence to perform several activities in real-time. It is extensively utilized for multiple purposes, such as decision-making, voice recognition, visual perception, language translation, handwriting recognition, etc. Artificial intelligence offer numerous advantages, such as better adaptability, higher time-efficiency, improved accuracy, enhanced productivity, etc. As a result, it is used across various sectors, such as defense, trade, automobile, construction, healthcare, transportation, banking, etc.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Latin America Artificial Intelligence Market Trends:

The rising internet connectivity and increasing penetration of smart devices are primarily driving the Latin America artificial intelligence market. Furthermore, the escalating deployment of AI-based algorithms in e-commerce platforms for gathering specific insights is also augmenting the market growth in the region. Additionally, the growing trend of digitization across several industries, such as retail, BFSI, construction, etc., is further inducing the AI market in the region. In line with this, continuous government support for the expansion of the 5G network is also propelling the demand for AI across Latin American countries. Moreover, the increasing integration of image recognition technology with optical character identification is expected to further bolster the demand for AI in drones, robots, and self-driving cars, over the forecasted period.

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Latin America Artificial Intelligence Market 2021-2026 Analysis and Segmentation:

Breakup by Type:

  • Narrow/Weak Artificial Intelligence
  • General/Strong Artificial Intelligence

Breakup by Offering:

  • Hardware
  • Software
  • Services

Breakup by Technology:

  • Machine Learning
  • Natural Language Processing
  • Context-Aware Computing
  • Computer Vision
  • Others

Breakup by System:

  • Intelligence Systems
  • Decision Support Processing
  • Hybrid Systems
  • Fuzzy Systems

Breakup by End-Use Industry:

  • Healthcare
  • Manufacturing
  • Automotive
  • Agriculture
  • Retail
  • Security
  • Human Resources
  • Marketing
  • Financial Services
  • Transportation and Logistics
  • Others

Breakup by Country:

  • Brazil
  • Mexico
  • Argentina
  • Columbia
  • Chile
  • Peru
  • Others

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Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021- 2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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