The global Artificial Intelligence Software market is expected to grow significantly, from USD 10.1 billion in 2018 to an USD 126 billion by 2025. The AI market covers a wide range of applications such as natural language processing, robotic process automation, and machine learning. The high growth can be attributed to the rise in big data, rise in acceptance of cloud-based applications and services, and an upsurge in the demand for intelligent virtual assistants.

In 2019, the Top Artificial Intelligence Software market was dominated by ArcGIS (US), New Relic (US), and Site24x7 (US). A few of the key strategies adopted by these players to compete in the Artificial Intelligence Software market include product launches, partnerships, collaborations, and agreements. A significant number of acquisitions & mergers were also undertaken during this period.

ArcGIS (US) is one of the leading Best artificial intelligence software providers globally. The company offers an integrated suite of GIS software products. It enables businesses to create maps that help in visualizing and exploring data by leveraging Esri’s mapping software. It provides efficient analysis tools and map styles that enable users to discover and refine their data’s story. With ArcGIS, users can also understand their data in the context of location by using intuitive analysis tools. This data helps businesses identify relationships, recognize key locations, use ideal routes, and analyze patterns to make predictions.

June 2020 – Planet partnered with Esri UK. This partnership is aimed at enabling Esri UK to resell Planet imagery together with powerful Esri ArcGIS visualization and analytical tools.

February 2020 – Geospark Analytics partnered with Esri to enable AI Risk and Threat Assessment.

New Relic (US) AI helps businesses in identifying problems earlier, analyzing them and learning better about incidents and solving them faster. The solution automatically identifies glitches, associates related warnings and incidents to decrease noise, and delivers intelligent enhancements to help businesses in determining the root causes and resolve issues faster. The company also provides incident intelligence, which minimizes alert fatigue and ranks the problems that matter most with the help of a powerful correlation engine.

April 2020 – New Relic, announced the general accessibility of New Relic AI, the AIOps platform.

February 2019 – New Relic acquired SignifAI.