Our
Clients
: Aug, 2020
: 100
:
Global Artificial Intelligence (AI) Market Analysis by Component, Application, End-User, Region and segments forecast till 2033
Market Overview
The Global Artificial Intelligence (AI) Market is presently worth USD 129,120 million and is poised to amplify at a CAGR of 38.1% over 2023-2033, thereby amassing a valuation of USD 1708,260 million by end of the assessment timeline.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 129,120 million |
Market Forecast in 2033 | USD 1708,260 million |
CAGR % 2023-2033 | 38.1% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more |
Key Companies | AiCure, Amazon Web Services, Inc., Apple Inc., Arm Limited, Atomwise, Inc., Ayasdi AI LLC, Baidu, Inc., Clarifai, Inc, Google LLC, HyperVerge, Inc., Intel Corporation, International Business Machines Corporation, Lifegraph, Microsoft, NVIDIA Corporation, Oracle Corporation, Sensely, Inc., Siemens, and Others. |
Global Artificial Intelligence (AI) Market- Description
Artificial intelligence (AI) is the capacity of a digital computer or robot operated by a computer to carry out actions frequently performed by intelligent beings. The phrase is widely used in reference to the effort to create artificial intelligence (AI) systems that possess human-like cognitive abilities like the capacity for reasoning, meaning-finding, generalization, and experience-based learning.
The adoption of cutting-edge technology is being fueled by ongoing research and innovation carried out under the direction of the tech giants in sectors including manufacturing, healthcare, retail, and finance. For instance, to expand its artificial intelligence (AI) business, Intel Corporation purchased Cnvrg.io, an Israeli start-up that creates and runs a platform for data scientists to create and run machine learning models. Nevertheless, technology has always been crucial to many industries, but AI has pushed technology to the forefront of businesses.
Accessibility to historical datasets is the key factor accelerating AI advancement. Healthcare organizations and governmental organizations create unstructured data that is accessible to the research domain since data storage and recovery have gotten more affordable. Rich datasets, ranging from clinical imaging to historical trends in rainfall, are now available to researchers. Information scientists and academics are being encouraged to develop more quickly by the next-generation computing architectures, which have access to large datasets.
Global Artificial Intelligence (AI) Market- Key trends
Essential to achieve robotic autonomy to stay competitive in a global market
The robotics business is currently undergoing significant change because to AI, especially computer vision and ML. Businesses have begun to think about fully autonomous robots that can observe, interact, and conceive the environment around them in order to stay ahead in a global market. Industries are looking for dependable and skilled technology partners as they start to traverse the current technological transformation. Artificial neural networks are used by deep learning models to handle enormous amounts of data, including texts, photos, and audio in order to produce correct results.
Rise in governments initiatives and increase in investments to leverage the AI technology
Government attention has been drawn to AI technology by the expanding uses and simple deployment methods, which has resulted in an increase in government investment in AI and related technologies. Budgets for AI-based pilot programmers have begun to be allocated by government authorities, public sector organizations, and NGOs for a variety of AI applications, such as traffic management, document digitization, and road and public safety.
Global Artificial Intelligence (AI) Market- Segmental assessment
By component
Hardware- AI Chipsets, memory units, storage devices, sensors
Software- AI platform, ML Tools, NLP Tools, and others.
Services- professional, system integration and deployment, AI Technology consulting, support and maintenance, and managed.
By application
Virtual assistants/ chatbots
Forecast and modelling
Text analytics
Speech analytics
Computer vision
Predictive maintenance
Others
By end-user
Banking, financial services and insurance (BFSI)
Retail
Healthcare
Media and entertaining
Automotive and transportation
Education
Others
Global Artificial Intelligence (AI) Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, Europe is projected to capture a substantial revenue share.
Global Artificial Intelligence (AI) Market: Recent Developments
In April 2021, Microsoft announced its acquisition of Nuance Communications, a provider of AI-powered speech recognition and transcription technology. The acquisition is expected to enhance Microsoft's cloud-based AI offerings and expand its presence in the healthcare industry.
In February 2021, IBM and Palantir Technologies announced a new partnership aimed at helping businesses integrate AI and data analytics into their operations. The partnership is expected to combine IBM's AI and cloud computing expertise with Palantir's data analysis platform.
In September 2020, NVIDIA announced its acquisition of Arm, a semiconductor and software design company. The acquisition is expected to expand NVIDIA's presence in the AI and edge computing markets.
In June 2020, OpenAI, a leading AI research organization, announced the launch of several commercial AI products, including an API for natural language processing and a platform for developing custom AI models. The products are aimed at making AI more accessible to businesses and organizations.
In January 2020, Google announced the opening of a new AI research center in Bangalore, India. The center is expected to focus on developing AI solutions for healthcare, agriculture, and education in India and other emerging markets.
Global Artificial Intelligence (AI) Market: Key Companies
AiCure
Amazon Web Services, Inc.
Apple Inc.
Arm Limited
Atomwise, Inc.
Ayasdi AI LLC
Baidu, Inc.
Clarifai, Inc
Google LLC
HyperVerge, Inc.
Intel Corporation
International Business Machines Corporation
Lifegraph
Microsoft
NVIDIA Corporation
Oracle Corporation
Sensely, Inc.
Siemens
Others
Global Artificial Intelligence (AI) Market: Regional Scope
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest of Middle East and Africa
Why to buy this Report?
Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of the market they are operating in or considering entering, and make more informed decisions based on data and analysis.
Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in the market.
Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.
1. Global Artificial Intelligence Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Artificial Intelligence Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years 2020 to 2021
1.3.2. Projected Data Reporting Years 2022 to 2033
1.3.3. Reporting Data Parameters Value (US$ Million)
1.4. Global Artificial Intelligence Market Scope and Market Estimation
1.4.1. Global Artificial Intelligence Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Artificial Intelligence Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Artificial Intelligence Market Segmentation
1.5.1. Component of Global Artificial Intelligence Market
1.5.2. Application of Global Artificial Intelligence Market
1.5.3. End-user of Global Artificial Intelligence Market
1.5.4. Key Regions of Global Artificial Intelligence Market
2. Global Artificial Intelligence Market - Executive Summary
2.1. Global Artificial Intelligence Market Summary & Snapshot
2.2. Global Artificial Intelligence Market, By Component (US$ Million)
2.3. Global Artificial Intelligence Market, By Application (US$ Million)
2.4. Global Artificial Intelligence Market, By End-user (US$ Million)
2.5. Global Artificial Intelligence Market, By Geography (US$ Million)
2.6. Global Artificial Intelligence Market Outlook & Future Opportunities
3. Artificial Intelligence Market Trends, Outlook, and Factors Analysis
3.1. Global Artificial Intelligence Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Artificial Intelligence Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Artificial Intelligence Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Increasing demand for automation and robotic technology expected to boost the AI market in coming years
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Restraints
3.2.2.1. Lack of qualified personnel in the artificial intelligence sector
3.2.2.2. Restraint 2
3.2.2.3. Restraint 3
3.2.3. Opportunities
3.2.3.1. Increased government activities regarding robotic technology and AI technology
3.2.3.2. Surge in investment of major companies in AI technologies.
3.2.3.3. Opportunity 3
3.2.3.4. Opportunity 4
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porters Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Artificial Intelligence Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Artificial Intelligence Market
3.9.1. By Component
3.9.2. By Application
3.9.3. By End-user
3.9.4. By Regions
4. Global Artificial Intelligence Market: Estimates & Historic Trend Analysis (2019 to 2021)
4.1. Global Artificial Intelligence Market, 2020 2021 (US$ Million)
4.2. Global Artificial Intelligence Market, By Component (US$ Million)
4.3. Global Artificial Intelligence Market, By Application (US$ Million)
4.4. Global Artificial Intelligence Market, By End-user (US$ Million)
4.5. Global Artificial Intelligence Market, By Region, 2020 to 2021 (US$ Million)
5. Global Artificial Intelligence Market Estimates & Forecast Trend Analysis, by Component
5.1. Global Artificial Intelligence Market Share (%) Estimates and Forecasts, by Component, 2022 & 2033
5.2. Global Artificial Intelligence Market Revenue (US$ Million) Estimates and Forecasts, by Component, 2022 to 2033
5.2.1. Hardware (000)
5.2.1.1. AI chipsets
5.2.1.2. Memory Units
5.2.1.3. Storage Devices
5.2.1.4. Sensors
5.2.2. Software
5.2.2.1. AI Platforms
5.2.2.2. ML Tools
5.2.2.3. NLP Tools
5.2.2.4. Others
5.2.3. Services
5.2.3.1. Professional
5.2.3.1.1. System Integration & Deployment
5.2.3.1.2. AI Technology Consulting
5.2.3.1.3. Support & Maintenance
5.2.3.2. Managed
6. Global Artificial Intelligence Market Estimates & Forecast Trend Analysis, by Application
6.1. Global Artificial Intelligence Market Share (%) Estimates and Forecasts, by Application, 2022 & 2033
6.2. Global Artificial Intelligence Market Revenue (US$ Million) Estimates and Forecasts, by Application, 2022 to 2033
6.2.1. Virtual Assistants/Chatbots
6.2.2. Forecasts & Modelling
6.2.3. Text Analytics
6.2.4. Speech Analytics
6.2.5. Computer Vision
6.2.6. Predictive Maintenance
6.2.7. Others
7. Global Artificial Intelligence Market Estimates & Forecast Trend Analysis, by End-user
7.1. Global Artificial Intelligence Market Share (%) Estimates and Forecasts, by End-user, 2022 & 2033
7.2. Global Artificial Intelligence Market Revenue (US$ Million) Estimates and Forecasts, by End-user, 2022 to 2033
7.2.1. Banking, Financial Services and Insurance (BFSI)
7.2.2. Retail
7.2.3. Healthcare
7.2.4. Media and Entertainment
7.2.5. Manufacturing
7.2.6. Automotive and Transportation
7.2.7. Education
7.2.8. Others
8. Global Artificial Intelligence Market Analysis and Forecast, by Region
8.1. Global Artificial Intelligence Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
8.2. Global Artificial Intelligence Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East and Africa
8.2.5. South America
9. North America Artificial Intelligence Market: Estimates & Forecast Trend Analysis
9.1. North America Artificial Intelligence Market Assessments & Key Findings
9.2. North America Artificial Intelligence Market Share (%) Estimates and Forecasts, 2022 & 2033
9.3. North America Artificial Intelligence Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
9.3.1. By Component
9.3.2. By Application
9.3.3. By End-user
9.3.4. By Major Country
9.3.4.1. The U.S.
9.3.4.2. Canada
10. Europe Artificial Intelligence Market: Estimates & Forecast Trend Analysis
10.1. Europe Artificial Intelligence Market Assessments & Key Findings
10.2. Europe Artificial Intelligence Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. Europe Artificial Intelligence Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
10.3.1. By Component
10.3.2. By Application
10.3.3. By End-user
10.3.4. By Major Country
10.3.4.1. Germany
10.3.4.2. The U.K.
10.3.4.3. France
10.3.4.4. Italy
10.3.4.5. Spain
10.3.4.6. Russia
10.3.4.7. Rest of Europe (includes all other European countries)
11. Asia Pacific Artificial Intelligence Market: Estimates & Forecast Trend Analysis
11.1. Asia Pacific Artificial Intelligence Market Assessments & Key Findings
11.2. Asia Pacific Artificial Intelligence Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Asia Pacific Artificial Intelligence Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
11.3.1. By Component
11.3.2. By Application
11.3.3. By End-user
11.3.4. By Major Country
11.3.4.1. China
11.3.4.2. Japan
11.3.4.3. India
11.3.4.4. ASEAN
11.3.4.5. South Korea
11.3.4.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
12. Middle East & Africa Artificial Intelligence Market: Estimates & Forecast Trend Analysis
12.1. Middle East & Africa Artificial Intelligence Market Assessments & Key Findings
12.2. Middle East & Africa Artificial Intelligence Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Middle East & Africa Artificial Intelligence Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
12.3.1. By Component
12.3.2. By Application
12.3.3. By End-user
12.3.4. By Major Country
12.3.4.1. GCC
12.3.4.2. South Africa
12.3.4.3. Egypt
12.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
13. South America Artificial Intelligence Market: Estimates & Forecast Trend Analysis
13.1. South America Market Assessments & Key Findings
13.2. South America Artificial Intelligence Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. South America Artificial Intelligence Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
13.3.1. By Component
13.3.2. By Application
13.3.3. By End-user
13.3.4. By Major Country
13.3.4.1. Brazil
13.3.4.2. Mexico
13.3.4.3. Rest of South America (includes all other South America countries)
14. Competitive Landscape
14.1. Artificial Intelligence Market Revenue Share Analysis (%), by Major Players (2021)
14.2. Artificial Intelligence Market Competition Matrix, by Leading Players
14.3. Artificial Intelligence List of Emerging, Prominent and Leading Players
14.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
15. Company Profiles
15.1. Advanced Micro Devices
15.1.1. Company Overview & Insights
15.1.2. Financial Performance
15.1.3. Product / Service Portfolio
15.1.4. Geographical Footprint & Share
15.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
15.2. AiCure
15.3. Amazon Web Services, Inc.
15.4. Apple Inc.
15.5. Arm Limited
15.6. Atomwise, Inc.
15.7. Ayasdi AI LLC
15.8. Baidu, Inc.
15.9. Clarifai, Inc
15.10. Google LLC
15.11. HyperVerge, Inc.
15.12. Intel Corporation
15.13. International Business Machines Corporation
15.14. Lifegraph
15.15. Microsoft
15.16. NVIDIA Corporation
15.17. Oracle Corporation
15.18. Sensely, Inc.
15.19. Siemens
15.20. Others
16. Assumptions and Research Methodology
16.1. Data Mining
16.2. Secondary Research
16.3. Primary Research
16.4. Subject Matter Expert Advice
16.5. Quality Check
16.6. Final Review
16.7. Data Triangulation
16.8. Bottom-Up Approach
16.9. Top Down Approach
16.10. Research Flow
16.11. Key Insights from Industry Experts
16.12. Data Sources
16.13. Assumptions
16.14. Limitations
17. Conclusions and Recommendations
17.1. Key Research Findings and Conclusion
17.2. Key Insights & Recommendations from Analysts