Pune, India, April 07, 2021 (GLOBE NEWSWIRE) -- The overallAI marketis expected to grow from USD 27.23 Billion in 2019 toUSD 266.92 Billion by 2027at a CAGR of 33.1% during the forecast period. Emergence of the COVID-19 pandemic is generating several growth opportunities for the market, observes Fortune Business Insights™ in its report, titled “Artificial Intelligence Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, and Others), By Deployment (Cloud, On-premises), By Industry (Healthcare, Retail, IT & Telecom, BFSI, Automotive, Advertising & Media, Manufacturing, and Others) and Regional Forecast, 2020-2027”.

Smart technologies are being extensively utilized around the globe to battle the unprecedented health crisis created by the coronavirus pandemic. In France, the start-up Clevy.io has introduced a chatbot to make it easy for people to discover official French government and World Health Organization (WHO) communications about COVID. In the UK, an agri-tech start-up called Mantle Labs is offering its AI-powered crop monitoring solution to retailers for free to ensure stable supply chains across the UK. Another example is the Canadian start-up BlueDot which has deployed its AI capabilities to detect disease outbreaks and was one of the first to raise the alarm when the virus broke out in Wuhan. Thus, the COVID-19 pandemic is widening and deepening the applications of AI-based technologies around the world.