Turkey Artificial Intelligence (AI) Market May Register An Impressive Growth Through 2027
The
bolstering demand for automation by healthcare and manufacturing sectors drives
the growth of Turkey Artificial Intelligence Market in the upcoming five years.
According to TechSci report on, “Turkey Artificial Intelligence Market- By
Region, Competition Forecast & Opportunities, 2027”
Turkey artificial
intelligence market is projected to expand with a massive CAGR over the estimated
period of 2023-2027, owing to the rapid digital transformation in various
industries. The proliferating need for artificial intelligence in several
sectors such as healthcare, BFSI, education, retail, logistics, and small and
medium-scale enterprises is primarily driving product demand in the country. In
addition to this, the increasing demand for intelligent systems to improve
productivity and efficiency is further propelling the demand for artificial
intelligence solutions. Besides this, the ongoing technological advancements in
the AI industry that facilitates faster speech and smooth natural language
processing are also creating a positive impact on the Turkey artificial
intelligence market. This, along with the industry 4.0 revolution and rising
digital dependence is anticipated to offer lucrative opportunities for the
expansion of artificial intelligence across Turkey over the projected period.
Moreover, the growing deployment of artificial intelligence technology in the
exponentially growing pharmaceutical sector in the country is providing a
thrust to the market. The biopharmaceutical manufacturers are rapidly
integrating AI technology in several activities like research and development,
clinical trials, and drug discovery, which is eventually boosting the demand
for artificial intelligence technology in the country.
Apart from this, Turkey’s information technology is anticipated to be
one of the largest emerging markets in the upcoming five years. This along with the extensive investments by
several tech giants in advancing and upgrading their AI technology. The
increasing efforts by the tech giants is expected to augment the Turkey artificial
intelligence market during the forecasted period.
Browse over XX market data Figures
spread through 70 Pages and an in-depth
TOC on "Turkey Artificial Intelligence Market"
The
Turkey artificial intelligence market is segmented by offering, technology,
deployment mode, function, organization size, industry vertical, competitional
landscape, and regional distribution. Based on offering, the market is
bifurcated into hardware, software, and services, among which software is
expected to hold the largest market share during the forecast period due to its
capability of offering real-time data, extracting data, and helping informed
decision making. By technology, the market is differentiated into machine
learning and natural language. Based on the deployment model, the market is
fragmented into on-premises and cloud among which cloud is expected to hold a
considerable market share due to the proliferating demand for cloud-based
tools, cloud storage, and vitalization. Based on the function, the market is
segmented into human resources, marketing & sales, product/service
deployment, supply chain management, and others.
Product and service deployment is anticipated
to dominate the market during the projected period as this technology allows
organizations to deliver enhanced products and improved customer experience.
Based on the organizational size the market is divided into large enterprises,
and small & medium enterprises. Based on the industry vertical the Turkey artificial intelligence market is segmented into IT and telecommunication,
retail and e-commerce, BFSI, healthcare, manufacturing, automotive, and others.
The healthcare segment is anticipated to grow with the highest CAGR due to the
rapid implementation of AI-backed solutions and medical devices to smoothen and
boost patient care. The market analysis also studies the regional segmentation
to devise regional market segmentation, divided among Marmara Region, Central
Anatolia, Aegean Region, Mediterranean Region, Black Sea Region, South-Eastern
Anatolia Region, and Eastern Anatolia Region.
A
partial list of major market players of the Turkey artificial intelligence market
includes
·
Google Inc.
·
Microsoft Corporation
·
IBM Corporation
·
Intel
·
Oracle
·
Amazon Web Services
·
Salesforce Inc.
·
Cisco
·
Samsung
·
Huawei Technologies Co. Ltd
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“Turkey is laying out a map
for implementing its strategic decisions in the field of artificial
intelligence to meet digitalization goals. For this, a Presidential Circular on
the National Artificial Intelligence Strategy for the years 2021-2025 is issued
recently in the official Gazette. The Presidential Circular has stated
necessary steps to realize Turkey’s “Digital Turkey” and “National Technology
Move” visions. Digital Turkey targets for a globally competitive landscape by
facilitating increased productivity using advanced and upgraded digital
technologies such as AI and several other products and services in its public,
economic, and social, activities. As a result, the Turkey artificial
intelligence market portrays lucrative investment opportunities and growth for
the existing as well as new market players,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Turkey Artificial
Intelligence Market By Offering (Hardware, Software, Services), By Technology
(Machine Learning, Natural Language Processing), By Deployment Mode
(On-Premises, Cloud), By Function (Human Resources, Marketing & Sales,
Product/Service Deployment, Supply Chain Management, Others), By Organization
Size (Large Enterprises, Small & Medium Enterprises), By Industry Vertical
(IT and Telecommunication, Retail and E-Commerce, BFSI, Healthcare,
Manufacturing, Automotive, and Others), By Region, Competition Forecast &
Opportunities, 2027 has evaluated the future growth
potential of Turkey artificial intelligence market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Turkey Artificial Intelligence Market.
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