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The Latin America artificial intelligence market size reached US$ 2.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.5 Billion by 2027, exhibiting a growth rate (CAGR) of 28.5% during 2022-2027.
Artificial intelligence (AI) refers to an interdisciplinary branch of science concerned with generating smart machines, which can perform tasks of human intelligence. It is capable of human-like speech recognition, planning, learning, and problem-solving based on past experiences. The hardware components of AI primarily include chipsets with high computing abilities, such as field-programmable gate array (FPGA), central processing unit (CPU), graphics processing unit (GPU) and application-specific integrated circuits (ASIC). Moreover, the software components of AI-integrated systems can process large amounts of data to provide meaningful insights.
E-commerce websites operating in the Latin American region are relying on AI-based algorithms in chatbots and pricing optimization, supply chain optimization systems, recommendation engines, and lead generations to improve customer engagement. AI systems are also employed to achieve accurate results through deep neural networks, automate repetitive tasks and process vast amounts of data. Besides this, numerous industries are investing in AI systems due to the uncertainties caused by the coronavirus disease (COVID-19) outbreak and stringent regulations imposed by governing authorities in the region to prevent the spread of the disease.
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America artificial intelligence market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on type, offering, technology, system and end-use industry.
Breakup by Type:
Breakup by Offering:
Breakup by Technology:
Breakup by System:
Breakup by End-Use Industry:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Offering, Technology, System, End-Use Industry, Country|
|Countries Covered||Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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