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
Research Methodology: Artificial Intelligence Market - Global Market Assessment, 2021 - 2028
Vantage Market Research follows a veracious methodology to arrive at market-related projections. The research methodology is based on the 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We conduct more than 100 primary interviews for each market either through mail or telephone call. Vantage Market Research employs the most infallible research methodology that ensures clients are receiving:
- Consistent, vigorous, and actionable data analysis that would help to make key business decisions
- Statistically improved and reliable insights through a veracious and well-audited research methodology.
- Independent study ensures a tangible representation of the market
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
After the determination of the overall market size through secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up approaches were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Artificial Intelligence market.
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.
