Global Artificial Intelligence (AI) Market
The Global Artificial Intelligence (AI) Market is expected to grow from US$ 387.09 Billion in 2021 to US$ 11,287 Billion by 2027; it is estimated to grow at a CAGR of 75.44% from 2021 to 2027.
Artificial intelligence is a broad term that describes a collection of computer-based procedures that mimic human intelligence by weighing different options, taking into account fresh information and incorporating it into existing data structures, and drawing novel conclusions from qualitative, quantitative, or probability-based estimates. Depending on their autonomy and level of automation, AI routines differ in how much they rely on human input or solicit it before making judgments or incorporating information. They use a variety of technologies. Among the most important are artificial neural networks, big data analytics, and machine learning more specifically. Massive amounts of data are gathered from numerous sources and analysed using specific queries and statistical analysis techniques by big data analytics. Data collection and analysis are automated by artificial intelligence.
Drivers: The recent expansion of the global artificial intelligence industry has been considerably aided by the quick uptake of digital technologies and the internet. The massive research and development expenditures made by the IT behemoths are continually accelerating technical development across a wide range of businesses. The growing demand for artificial technology across a range of end-use industries, including manufacturing, banking & finance, healthcare, automotive, food & beverage, retail, and logistics, is anticipated to significantly fuel the growth of the global artificial intelligence market in the years to come. The majority of sectors have traditionally placed a high priority on technological advancements.
Impact of Covid-19
As numerous IT companies attempt to avoid, mitigate, and contain the COVID-19 virus, the pandemic has presented an opportunity for AI-enabled computer systems to combat the outbreak. For instance, the Face Mask Detection System, which uses artificial intelligence to identify people who are not wearing masks, and the Human Presence System, which allows for remote patient monitoring, are two technology solutions provided by LeewayHertz, a U.S.-based custom software development company. Additionally, a U.S.-based artificial intelligence startup called Voxel51 Inc. created the Voxel51 PDI (Physical Distancing Index) to track how the global pandemic has affected social behaviour in various countries.
Segmentation By Type: Artificial Intelligence (AI) Market is classified on the basis of Type into Narrow/Weak AI and General/Strong AI.
Segmentation By Technology: Artificial Intelligence (AI) Market is classified on the basis of Technology into Machine Learning, Natural Language Processing, Context-Aware Computing, and Computer Vision.
Segmentation By Solution: Artificial Intelligence (AI) Market is classified on the basis of Solution into Software, Hardware, and Services. In 2021, the software segment's contribution was the largest. The main factors driving the AI market's software segment are advances in parallel processing, data storage, and computer power.
Segmentation By Region: Artificial Intelligence (AI) Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2021, North America will hold the greatest market share. The market for artificial intelligence has grown tremendously as a result of favourable government policies that encourage industries in North America to use AI and increased demand for automated and technologically advanced hardware and software across a variety of end-use verticals.
Competitive Landscape: The key players of Artificial Intelligence (AI) Market are Intel Corporation (U.S.), Amazon.com, Inc. (U.S.), Google LLC (U.S.), Microsoft Corporation (U.S.), Nvidia Corporation (U.S.), Oracle Corporation (U.S.), IBM Corporation (U.S.), Samsung (South Korea), LLamasoft Inc. (U.S.), SAP (Germany), General Electric (U.S.), Deutsche Post AG DHL (Germany), Xilinx (U.S.), Micron Technology, Inc. (U.S.), FedEx (U.S.), and ClearMetal, Inc. (U.S.).
Industrial Development
Market Taxonomy
By Type
By Technology
By Solution
By Region
Key Questions Addressed by the Report
Global Artificial Intelligence (AI) Market TOC
1. Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2. Research Methodology
2.11 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3. Executive Summary
4. Global Artificial Intelligence (AI) Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5. Global Artificial Intelligence (AI) Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.3 Global Artificial Intelligence (AI) Market Size and Forecast, By Type
5.3.1 Narrow/Weak AI
5.3.2 General/Strong AI
6. Global Artificial Intelligence (AI) Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Artificial Intelligence (AI) Market Share Analysis, By Technology
6.3 Global Artificial Intelligence (AI) Market Size and Forecast, By Technology
6.3.1 Machine Learning
6.3.2 Natural Language Processing
6.3.3 Context-Aware Computing
6.3.4 Computer Vision
7. Global Artificial Intelligence (AI) Market, By Solution
7.1 Y-o-Y Growth Comparison, By Solution
7.3.1 Software
7.3.2 Hardware
7.3.3 Services
8. Global Artificial Intelligence (AI) Market, By Region
8.1 Global Artificial Intelligence (AI) Market Share Analysis, By Region
8.2 Global Artificial Intelligence (AI) Market Size and Forecast, By Region
8.2 Global Artificial Intelligence (AI) Market Size and Forecast, By Region
9. North America Artificial Intelligence (AI) Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Artificial Intelligence (AI) Market Share Analysis, By Type
9.3 North America Artificial Intelligence (AI) Market Size and Forecast, By Technology
9.4 North America Artificial Intelligence (AI) Market Size and Forecast, By Solution
9.5 North America Artificial Intelligence (AI) Market Size and Forecast, By Country
9.5.1 US
9.5.2 Canada
9.5.3 Mexico
10. Europe Artificial Intelligence (AI) Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Artificial Intelligence (AI) Market Share Analysis, By Type
10.3 Europe Artificial Intelligence (AI) Market Size and Forecast, By Technology
10.4 Europe Artificial Intelligence (AI) Market Size and Forecast, By Solution
10.5 Europe Artificial Intelligence (AI) Market Size and Forecast, By Country
10.5.1 UK
10.5.2 Germany
10.5.3 France
10.5.4 Rest of Europe (Russia, Spain, Finland, Denmark, Italy, Greece, and Sweden)
11. Asia Pacific Artificial Intelligence (AI) Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Artificial Intelligence (AI) Market Share Analysis, By Type
11.3 Asia Pacific Artificial Intelligence (AI) Market Size and Forecast, By Technology
11.4 Asia Pacific Artificial Intelligence (AI) Market Size and Forecast, By Solution
11.5 Asia Pacific Artificial Intelligence (AI) Market Size and Forecast, By Country
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.2.5 Rest of Asia Pacific (Hong Kong, Australia, Singapore, New Zealand, Indonesia, Malaysia, and Taiwan)
12 Latin America Artificial Intelligence (AI) Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Artificial Intelligence (AI) Market Share Analysis, By Type
12.3 Latin America Artificial Intelligence (AI) Market Size and Forecast, By Technology
12.4 Latin America Artificial Intelligence (AI) Market Size and Forecast, By Solution
12.5 Latin America Artificial Intelligence (AI) Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Artificial Intelligence (AI) Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Artificial Intelligence (AI) Market Share Analysis, By Type
12.3 Middle East Artificial Intelligence (AI) Market Size and Forecast, By Technology
13.4 Middle East Artificial Intelligence (AI) Market Size and Forecast, By Solution
13.5 Middle East Artificial Intelligence (AI) Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14. Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15. Company Profiles
15.1 Intel Corporation (U.S.)
15.1. Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Amazon.com, Inc. (U.S.)
15.2.1. Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Google LLC (U.S.)
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4. Microsoft Corporation (U.S.)
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5. Nvidia Corporation (U.S.)
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6. Oracle Corporation (U.S.)
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7. IBM Corporation (U.S.)
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
