What is the projected market size & growth rate of the Artificial Intelligence Market?
Artificial Intelligence Market Overview:
The "Artificial Intelligence Market" analysis is an in-depth look at the Artificial Intelligence market, with a focus on global market trends and analysis. The purpose of this research is to provide an overview of the Artificial Intelligence industry as well as a comprehensive market analysis by segment and geography. The Artificial Intelligence market is expected to expand rapidly over the forecast period. The research contains critical information on the market positions of the top Artificial Intelligence corporations, as well as noteworthy industry trends and prospects.
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Expected Growth in Revenue:
Artificial Intelligence Market was valued at US$ 92.8 Bn. in 2021 and the total Artificial Intelligence revenue is expected to grow at 25.4% from 2022 to 2029, reaching nearly US$ 567.45 Bn.
Market Scope:
The study includes a PESTLE analysis to assess the market's leading competitors' strengths and weaknesses. In order to predict the market and give investors professional insights to keep them up to speed on market developments, the research thoroughly investigates the Artificial Intelligence Market size, share, trends, total earnings, gross revenue, and profit margin.
The report also provides company biographies, product photos and specifications, capacity, production, price, cost, revenue, and contact information for the Global Artificial Intelligence market's major industry players. This study investigates market trends, volume, and value on a global, regional, and company level. This report analyses the whole Artificial Intelligence Market Size from a global perspective, analyzing historical data and creating estimates.
Segmentation:
By Solution, the software segment dominated the AI market in 2021 with total shares of 37.3%. The growth can be ascribed to advancements in information storage capacity, high computing power, and parallel processing capabilities to provide high-end services. Also, the capacity to collect data, give real-time insights, and enhance decision-making has positioned it to grab the majority of the market. Libraries for creating and implementing AI systems, including primitives, linear algebra, inference, sparse matrices, video analytics, and numerous hardware connection capabilities, are included in artificial intelligence software packages. Over the forecast period, the necessity for organizations to comprehend and analyze visual material to acquire relevant insights is likely to drive the use of artificial intelligence software.
Top Players:
Primary and secondary research identifies important market participants, whereas primary and secondary research calculates market revenues. In-depth interviews with important thought leaders and industry professionals, such as experienced front-line staff, CEOs, and marketing executives, were conducted as part of the core research. Primary research comprised in-depth interviews with key thought leaders and industry professionals, such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to compute percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then compared to original data. The following is a list of a few firms involved in the Artificial Intelligence industry.
• 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.
• International Business Machines Corporation
• Intel Corporation
• Iris.ai AS.
• Lifegraph
Regional Analysis:
The Artificial Intelligence research focuses on geographical analysis, which is further separated by sub-regions and nations. Profit projections and market share statistics for each country are included in this section of the research. This portion of the research examines the share and growth rate of each area and nation throughout the anticipated time period.
The report provides a precise PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after considering political, economic, social, and technical issues affecting the Artificial Intelligence market in various sectors.
COVID-19 Impact Analysis on Artificial Intelligence Market:
As a result of the COVID-19 outbreak, customer behaviour has changed in many spheres of society. In contrast, industries will need to adjust their strategy to account for shifting market supply. This study will assist you in expanding your business in compliance with the new industry standards by providing an overview of the COVID-19's impact on the Artificial Intelligence market.
The Artificial Intelligence Market Report presents 360-degree study under the COVID-19 Influence area, spanning from the flexible supply chain and import constraints to provincial government regulations and the firm's future impact. Primary market research (2021-2029), examples of venture rivalry, advantages and disadvantages of major firm streams, and industry growth trends (2021-2029) have all been provided.
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Key Questions Answered in the Artificial Intelligence Market Report are:
- How big is the market for Artificial Intelligence ?
- Which regional market will emerge as the market leader in the next years?
- Which application category is expected to develop the fastest?
- What opportunities for growth may exist in the Artificial Intelligence industry in the next years?
- What are the most significant future challenges that the Artificial Intelligence market may face?
- Who are the market leaders in the Artificial Intelligence category?
- What are the main trends that are influencing market growth?
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