Artificial Intelligence Market
Artificial Intelligence Market Global Industry Assessment & Forecast
#
Pages:
180
2021
Nov - 2021
VMR-2021-0183
Segments Covered
By
Solution Hardware, Software, Services
-
By
Technology Deep Learning, Machine Learning, Natural Language Processing, Machine Vision
-
By
End-Use Healthcare, BFSI, Law, Retail, Advertising & Media, Automotive & Transportation, Agriculture, Manufacturing, Others
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
65.32 Billion |
 Revenue 2028:
|
175.63 Billion |
 Revenue CAGR
(2021 - 2028): |
41.23 |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the market based on various segments such as Solution, Technology, End-Use, and region. The report includes market size and forecast for each segment by region/country for the years 2016–2028. Moreover, it also covers a thorough analysis of growth factors and opportunities impacting segmental growth.
On the basis of Solution, the market is divided into Hardware, Software, Services. Software dominated the global Artificial Intelligence market in 2020 and is projected to witness the same trend during the forecast period.
Based on Technology, the market is segmented into Deep Learning, Machine Learning, Natural Language Processing, Machine Vision. Deep learning accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Artificial Intelligence Market: Solution Segment Analysis
-
- Hardware
- Software
- Services
Global Artificial Intelligence Market: Technology Segment Analysis
-
- Deep Learning
- Machine Learning
- Natural Language Processing
- Machine Vision
Global Artificial Intelligence Market: End-Use Segment Analysis
-
- Healthcare
- BFSI
- Law
- Retail
- Advertising & Media
- Automotive & Transportation
- Agriculture
- Manufacturing
- Others
FAQ
Frequently Asked Question
What is the global demand for Artificial Intelligence in terms of revenue?
-
The global Artificial Intelligence valued at 65.32 Billion in 2020 and is expected to reach 175.63 Billion in 2028 growing at a CAGR of 41.23%.
Which are the prominent players in the market?
-
The prominent players in the market are Google Inc., Microsoft Corporation, Cisco Systems, Nuance Communications, Intel Corporation, IBM, Sentient Technologies, Infosys, AT&T, H2O.ai..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 41.23% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Artificial Intelligence include
- Moore’s law, a law about the increasing pace of computing speeds and prices, which held true for the last several decades, stands invalid today. We simply cannot comprehend the exponential rise in computing speed and power in the previous decade or so, and the advances that are yet to come in the coming years.
- The other critical development is the speed with which rule-based AI has been replaced by data-based AI, thus, facilitating machine learning. Instead of ‘if/then’ rules, we are now showing machines how to learn and implement processes on their own, and they are getting better at it with time. For example, the more a driverless car drives on the road, the better it gets.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Artificial Intelligence in 2020.
