The Artificial Intelligence (AI) market is expected to grow from USD 137.48 billion in 2022 to USD 1,273.23 billion by 2032, at a CAGR of 24.93% during the forecast period 2023-2032.
Artificial Intelligence (AI) pertains to the discipline within computer science and technology that concentrates on developing intelligent machines that can execute tasks traditionally associated with human intelligence. The primary objective of AI systems is to mimic various aspects of human cognitive capabilities, including learning, reasoning, problem-solving, perception, and language comprehension.
The growing need for automated solutions to streamline processes and enhance efficiency is driving the adoption of AI technologies. Moreover, AI's integration with emerging technologies like IoT, 5G and cloud computing is anticipated to witness new opportunities during the forecast period. However, using AI raises concerns about data privacy, security, and potential biases in decision-making algorithms, which can hinder the market's growth.
This study comprehensively analyses the solution, technology, end user, and region. The solution segment is classified into hardware, software and services. The uncoated nano ZnO segment registered the highest market revenue in 2022. Software-based AI solutions are generally more accessible and scalable compared to hardware-based alternatives. They can be deployed on existing hardware infrastructure, making them cost-effective and easier to adopt. In addition, software solutions can be easily updated, upgraded, and distributed, allowing for rapid deployment across various industries and applications. The technology segment includes deep learning, machine learning, natural language processing (NLP) and machine vision. The deep learning segment held the highest market share in 2022. Deep learning models are highly scalable, making them suitable for diverse applications. They can handle varying-sized datasets, adapt to different problem domains, and accommodate complex and non-linear relationships. This flexibility allows deep learning algorithms to be applied across various industries, from autonomous vehicles to drug discovery, cementing their dominance in the AI market. The end user segment is divided into BFSI, advertising & media, automotive & transportation, agriculture, healthcare, law, retail, manufacturing and others. The advertising & media segment registered the highest market revenue in 2022. Advertising and media companies heavily rely on data to make strategic decisions and deliver targeted campaigns. NLP and ML technologies enable these companies to analyze vast amounts of data, extract insights, and generate actionable recommendations. AI algorithms can identify consumer behaviour patterns, segment audiences, and personalize content, enhancing the effectiveness and efficiency of advertising campaigns.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North American region held the highest market revenue in 2022. North America attracts significant investments and funding for AI research and development. Venture capital firms and technology giants actively invest in AI startups and projects, fueling innovation and accelerating market growth. The availability of financial resources and a supportive investment climate has contributed to the region's dominance in the AI market.
Some of the notable players in the market are Advanced Micro Devices; AiCure; Arm Limited; Atomwise, Inc., Ayasdi AI LLC, Baidu, Inc., Clarifai, Inc., Cyrcadia Health, Enlitic, Inc., Google LLC, H2O.ai., HyperVerge, Inc., IBM, Intel Corporation, Iris.ai AS., Lifegraph, Microsoft, NVIDIA Corporation, Sensely, Inc. and Zebra Medical Vision, Inc. among others.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Solution
4.3.2. Market Attractiveness Analysis By Technology
4.3.3. Market Attractiveness Analysis By End User
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing demand for automation and intelligent systems across industries
5.3. Restraints
5.3.1. Ethical and privacy concerns
5.4. Opportunities
5.4.1. Integration of AI with other technologies
5.5. Challenges
5.5.1. Explainability and transparency
6. Global Artificial Intelligence (AI) Market Analysis and Forecast, By Solution
6.1. Segment Overview
6.2. Hardware
6.3. Software
6.4. Services
7. Global Artificial Intelligence (AI) Market Analysis and Forecast, By Technology
7.1. Segment Overview
7.2. Deep Learning
7.3. Machine Learning
7.4. Natural Language Processing (NLP)
7.5. Machine Vision
8. Global Artificial Intelligence (AI) Market Analysis and Forecast, By End User
8.1. Segment Overview
8.2. BFSI
8.3. Advertising & Media
8.4. Automotive & Transportation
8.5. Agriculture
8.6. Healthcare
8.7. Law
8.8. Retail
8.9. Manufacturing
8.10. Others
9. Global Artificial Intelligence (AI) Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Artificial Intelligence (AI) Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Artificial Intelligence (AI) Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Advanced Micro Devices
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. AiCure
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Arm Limited
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Atomwise, Inc.
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Ayasdi AI LLC
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Baidu, Inc.
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Clarifai, Inc.
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Cyrcadia Health
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Enlitic, Inc.
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Google LLC
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. H2O.ai.
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. HyperVerge, Inc.
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. IBM
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Intel Corporation
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Iris.ai AS.
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
11.16. Lifegraph
11.16.1. Business Overview
11.16.2. Company Snapshot
11.16.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.16.5. Recent Developments
11.16.6. SWOT Analysis
11.17. Microsoft
11.17.1. Business Overview
11.17.2. Company Snapshot
11.17.3. Company Market Share Analysis
11.17.4. Company Product Portfolio
11.17.5. Recent Developments
11.17.6. SWOT Analysis
11.18. NVIDIA Corporation
11.18.1. Business Overview
11.18.2. Company Snapshot
11.18.3. Company Market Share Analysis
11.18.4. Company Product Portfolio
11.18.5. Recent Developments
11.18.6. SWOT Analysis
11.19. Sensely, Inc.
11.19.1. Business Overview
11.19.2. Company Snapshot
11.19.3. Company Market Share Analysis
11.19.4. Company Product Portfolio
11.19.5. Recent Developments
11.19.6. SWOT Analysis
11.20. Zebra Medical Vision, Inc.
11.20.1. Business Overview
11.20.2. Company Snapshot
11.20.3. Company Market Share Analysis
11.20.4. Company Product Portfolio
11.20.5. Recent Developments
11.20.6. SWOT Analysis
List of Table
1. Global Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
2. Global Hardware, Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
3. Global Software, Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
4. Global Services, Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
5. Global Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
6. Global Deep Learning, Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
7. Global Machine Learning, Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
8. Global Natural Language Processing (NLP), Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
9. Global Machine Vision, Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
10. Global Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
11. Global BFSI, Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
12. Global Advertising & Media, Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
13. Global Automotive & Transportation, Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
14. Global Agriculture, Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
15. Global Healthcare, Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
16. Global Law, Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
17. Global Retail, Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
18. Global Manufacturing, Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
19. Global Others, Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
20. Global Artificial Intelligence (AI) Market, By Region, 2019-2032 (USD Billion)
21. North America Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
22. North America Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
23. North America Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
24. U.S. Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
25. U.S. Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
26. U.S. Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
27. Canada Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
28. Canada Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
29. Canada Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
30. Mexico Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
31. Mexico Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
32. Mexico Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
33. Europe Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
34. Europe Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
35. Europe Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
36. Germany Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
37. Germany Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
38. Germany Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
39. France Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
40. France Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
41. France Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
42. U.K. Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
43. U.K. Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
44. U.K. Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
45. Italy Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
46. Italy Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
47. Italy Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
48. Spain Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
49. Spain Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
50. Spain Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
51. Asia Pacific Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
52. Asia Pacific Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
53. Asia Pacific Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
54. Japan Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
55. Japan Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
56. Japan Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
57. China Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
58. China Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
59. China Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
60. India Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
61. India Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
62. India Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
63. South America Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
64. South America Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
65. South America Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
66. Brazil Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
67. Brazil Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
68. Brazil Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
69. Middle East and Africa Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
70. Middle East and Africa Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
71. Middle East and Africa Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
72. UAE Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
73. UAE Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
74. UAE Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
75. South Africa Artificial Intelligence (AI) Market, By Solution, 2019-2032 (USD Billion)
76. South Africa Artificial Intelligence (AI) Market, By Technology, 2019-2032 (USD Billion)
77. South Africa Artificial Intelligence (AI) Market, By End User, 2019-2032 (USD Billion)
List of Figures
1. Global Artificial Intelligence (AI) Market Segmentation
2. Artificial Intelligence (AI) Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Artificial Intelligence (AI) Market Attractiveness Analysis By Solution
9. Global Artificial Intelligence (AI) Market Attractiveness Analysis By Technology
10. Global Artificial Intelligence (AI) Market Attractiveness Analysis By End User
11. Global Artificial Intelligence (AI) Market Attractiveness Analysis by Region
12. Global Artificial Intelligence (AI) Market: Dynamics
13. Global Artificial Intelligence (AI) Market Share By Solution (2023 & 2032)
14. Global Artificial Intelligence (AI) Market Share By Technology (2023 & 2032)
15. Global Artificial Intelligence (AI) Market Share By End User (2023 & 2032)
16. Global Artificial Intelligence (AI) Market Share by Regions (2023 & 2032)
17. Global Artificial Intelligence (AI) Market Share by Company (2022)
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