Citizen Services Artificial Intelligence (AI) Market 2021 Will Reflect Significant Growth in Future with Size, Share, Growth, and Key Companies Analysis

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Global Citizen Services AI Market is valued at approximately USD 1 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 46.4% over the forecast period 2019-2026. Growing demand of IT infrastructure in government departments and need of automation process is expected to drive the market growth. IT modernization helps in managing or replacing aging hardware and software solutions with more automated and innovative solutions. For instance, as per govloop Government of United States has planned to invest 78 percent of USD 82 billion federal IT spending on IT infrastructure. Furthermore, Specifically, 5,233 of the government's approximately 7,000 IT investments had spent on all O&M activities. Such spending has increased over the last 7 years. Thus, rising IT infrastructure for advancing and modernizing manual process is expected to drive the market growth.

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On the basis of segmentation, the Citizen Services AI market is segmented into Application and Technology. Application segment is further divided into Traffic and Transportation Management, Healthcare, Public Safety, Utilities and General Services, Technology segment is categorized into Machine Learning, Natural Language Processing Image Processing and Face Recognition. Face recognition is expected to hold the largest market share in the forecast period owing to rising demand for security and tracking system.

In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. According to the statistics by GSMA Intelligence, total cellular connections worldwide as of May 2020 was recorded to 10,18 billion.

As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

The regional analysis of global Citizen Services AI market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia Pacific is estimated to lead the market owing to rising technological advancements and IT infrastructure services in this region.
Market players include-
Accenture
Alibaba
AWS
IBM
Intel
Microsoft
NVIDIA
Pegasystems
Servicenow
Tencent

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:

Traffic and Transportation Management
Healthcare
Public Safety
Utilities
General Services

By Technology:

Machine Learning
Natural Language Processing
Image Processing
Face Recognition

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By Regions:

North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Global Citizen Services AI Market Definition and Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2016-2026 (USD Billion)
3.2. Key Trends
Chapter 4. Global Citizen Services AI Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porter's 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Citizen Services AI Market, By Application
5.1. Market Snapshot
5.2. Market Performance - Potential Model
5.3. Global Citizen Services AI Market, Sub Segment Analysis
5.3.1. Traffic and Transportation Management
5.3.1.1. Market estimates & forecasts, 2016-202

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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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The post Citizen Services Artificial Intelligence (AI) Market 2021 Will Reflect Significant Growth in Future with Size, Share, Growth, and Key Companies Analysis appeared first on America News Hour.

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