Global Market for Artificial Intelligence (AI)
DUBLIN, June 12, 2023 (Globe Newswire) — The report “Artificial Intelligence (AI): A Global Strategic Business Report” has been added. of ResearchAndMarkets.com Recruitment.
Global artificial intelligence (AI) market to reach $459.3 billion by 2030
The global market for artificial intelligence (AI) is estimated at US$68.8 billion in 2022, but is projected to reach a revised size of US$459.3 billion by 2030, with a 2022-2030 analysis of It will grow at a CAGR of 26.8% over the period.
Software, one of the segments analyzed in the report, is projected to register a CAGR of 26.5% and reach USD 188.2 billion by the end of the analysis period. Considering the continued recovery after the pandemic, the growth of the hardware sector will be recalibrated to revise his CAGR to 22.9% over the next eight years.
The US market is estimated at $24.4 billion, while China is projected to grow at a CAGR of 31.1%
The US artificial intelligence (AI) market is estimated at US$24.4 billion in 2022. China, the world’s second largest economy, is projected to reach a projected market size of USD 87.6 billion by 2030, with a CAGR of 31.1. % over the analysis period 2022-2030.
Other notable geographic markets include Japan and Canada, which are expected to grow by 21.3% and 23.4% respectively from 2022 to 2030. Among Europe, Germany is projected to grow at her CAGR of around 26.9%.
Towards 2023
The challenges we face will be compounded by volatile financial markets, increasing trade tensions, a tightening regulatory environment and pressure to mainstream climate change into economic decision-making.
2023 is expected to be a tough year for most markets, investors and consumers. Nevertheless, there is always an opportunity for companies and their leaders who can chart a path forward that is resilient and adaptive.
What’s new for 2023?
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Special report on the Russian-Ukrainian war. global inflation. Ease of zero-corona policy in China and ‘difficult’ reopening. Supply chain disruptions, global trade conflicts. and recession risk.
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Global competitiveness and market share percentage of major competitors
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Market presence across multiple geographies – strong/active/niche/small
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Bespoke updates for online, interactive, peer-to-peer collaboration
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Access to digital archives and research platforms
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1 year of free updates
Key Attributes:
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report attribute |
detail |
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number of pages |
1222 |
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Forecast period |
2022-2030 |
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2022 Estimated Market Value (USD) |
$68.8 billion |
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Projected market value (USD) to 2030 |
$459.3 billion |
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compound annual growth rate |
26.8% |
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Target area |
global |
Market overview
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Artificial Intelligence Gains Great Interest As Industry Accelerates Digital Transformation Strategy
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A Peek at AI’s Applications in Fighting the Pandemic
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Machine learning benefits healthcare organizations
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AI attracts strong interest in banking sector despite COVID-19 budget cuts reducing spending
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Retailers Leverage AI to Stay in Business and Embrace the New Normal
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Emphasis on technology adoption drives AI adoption in manufacturing
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competition
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AI Market Characterized by Fierce Competition
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Artificial Intelligence (AI) – Percentage Market Share (E) of Major Global Competitors in 2022
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Growing focus on AI from tech giants with huge financial power
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AI presents compelling opportunities for incumbents and start-ups
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Competitive market presence – strong/active/niche/mediocre for players worldwide in 2022 (E)
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The funding landscape in the AI technology sector remains vibrant
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Global AI investment from 2015 to 2021 (USD billion)
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Regional/Country Distribution of Global Investment in AI: 2021
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Number of billion dollar AI startups from 2014 to 2020
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Cumulative AI funding by category (USD billion) (as of 2020)
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AI applications and major start-up companies
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Artificial Intelligence (AI): Overture
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Technology that enables AI
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market outlook
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Prominent Factors Affecting the Evolution and Future of Artificial Intelligence
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Advances in real-world AI applications drive growth
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Inherent Benefits of AI Technology to Accelerate Adoption in Various Applications
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The banking industry shows unwavering interest in AI
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AI will change the future of manufacturing
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AI-based services sector gains leading share in global AI market
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Developed markets dominate, Asia Pacific spearheads future growth
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Deep learning and digital assistant technology have huge growth potential
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Major Obstacles to AI Adoption
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world brand
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Recent market activity
Market trends and drivers
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Accelerating Pace of Digital Transformation to Benefit AI Demand
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Digital transformation by industry
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Many applications of AI transforming workspaces and business operations
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Technological trends to watch in the field of artificial intelligence
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Get a glimpse of the latest AI trends across industries
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Personalize customer experience in marketing applications with machine learning and AI-assisted platforms
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Business performance ranking by AI utilization in marketing
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What businesses can gain from applying AI in predictive marketing analytics and demand forecasting
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The Growing Role of AI in the Metaverse
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AI Hosting at the Edge to Drive Growth
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AI-powered analytics and predictions help organizations make profitable decisions
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AI-Powered Biometric Security Solutions Gain Momentum
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New and improved concepts of ML and AI hit the stage
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Convergence of IIoT and AI improves efficiency
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Industry 4.0 technologies with the greatest impact on organizations
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Expanding the adoption of AI technology to promote the AI chipset market
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The combination of robotics and AI will cause significant disruption to various industries
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AI innovation opens up new horizons
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Innovative AI models that drive opportunities
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Blockchain and Artificial Intelligence (AI): A Powerful Combination
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Big data trends shaping the future of artificial intelligence
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AI in the Retail Market: Multichannel Retail and E-Commerce Drive Segment Growth
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Digital transformation in retail promises profitable growth opportunities
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AI Gives Retail Organizations a Competitive Edge
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Online retailers look to artificial intelligence to power business post-COVID-19
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AI and analytics help retailers weather the economic and operational impact of COVID-19
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AI for fashion retail and beauty
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AI for groceries, electronics, home and furniture
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E-commerce Attracts Strong Growth
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Deep insight into how e-commerce leverages AI
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Financial sector: AI and machine learning bring many benefits
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Fintech Introduces AI To Target Millennials
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AI in Media and Advertising: Targeting Customers with the Right Marketing Content
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The Possibilities of AI in Digital Marketing Are Infinite
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AI-Enabled CRM Market: A Promising Growth Opportunity In Stores
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Artificial Intelligence Transforms Healthcare Service Delivery
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AI Plays Key Role in Automation and Improving Clinical Outcomes
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Global Healthcare AI Market – Proportion Breakdown by Application in 2022E
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AI in pharma
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COVID-19 Drives New Developments, Driving AI Adoption in Healthcare Industry
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Artificial intelligence has the potential to accelerate COVID-19 detection and treatment
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Rising Diabetes Prevalence Drives AI Adoption in Diabetes Management Market
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Barriers to AI Adoption in Healthcare
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Automotive AI Market: Need for Better Customer Experience Drives Growth
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How to use AI to revolutionize vehicles and their ecosystems
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Auto sector recovery leads to growth opportunities
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Rising Focus on Electric and Self-Driving Vehicles Offers Perfect Platform to Shape Future Growth
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How AI will impact self-driving cars and their IQ
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Automakers focus on integrating AI-powered driver assistance features into vehicles
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Growing demand for connected and safe in-vehicle infotainment systems as AI technology expands in vehicles
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AI Integration Into Vehicle Infotainment Systems Gains Momentum, Fueled By Strong Demand For Intuitive, Smarter And Safer Systems
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AI Makes Its Presence in Vehicle Access Control as Auto Thefts Rise
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With the number of cars stolen each year rising, AI’s ability to make vehicle access control systems more foolproof is highlighted
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Expanding the role of AI in driver monitoring with a focus on driver behavioral intelligence
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Intelligent vehicle insurance risk assessment with AI
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Artificial Intelligence Enters Manufacturing Sector, Transforming Various Aspects
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Industrial AI will have a major impact on manufacturing
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Industrial IoT, robotics, and big data to drive AI adoption
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Global investment in Industry 4.0 technology
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AI revolutionizes predictive maintenance
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AI-embedded sensors essential for real-time fault detection and obstacle avoidance
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AI as a Service Market: Avoiding the Need for Huge Upfront Investments
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AI in education market shows strong growth
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Global Market for AI in Education
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Focus on ITS, IAL and chatbots drive market growth
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Agriculture: A Promising Market for AI Adoption
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AI Technology Used in Agricultural Activities – Review
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AI is poised to create smarter farming practices in the post-corona era
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Food and Beverage Industry Leverages AI Capabilities to Solve Production Problems and Meet Customer Expectations
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Adoption of AI finds acceptance in modern warfare systems in the defense arena
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Energy and Utilities: Complexity and High Risk of Failure Increase Demand for AI-Based Systems
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COVID-19 drives demand for AI technology in oil and gas sector
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Top Technology Investments in the Oil & Gas Sector
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AI in Construction: Cost Reduction and Safety Needs on Construction Sites Focus on Using AI-Based Solutions
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AI in the Call Center: Focused on Building Strong Customer Relationships, Providing a Foundation for Deployment
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AI promises to revolutionize the call center industry
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Call centers ramp up investments in conversational AI
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Key Challenges Facing Artificial Intelligence
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AI Adoption Challenges: A Roadmap
Focus on select players (Total 446 listings)
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Advanced Micro Devices, Inc.
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Amazon Web Services, Inc.
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Baidu Co., Ltd.
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Cisco Systems, Inc.
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Egain Co., Ltd.
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meta
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General Electric Company
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Google Inc.
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Intel Corporation
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International Business Machines Corporation (IBM)
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Micron Technology Co., Ltd.
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microsoft
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Nippon Telegraph and Telephone Corporation
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Nuance Communications Inc.
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NVIDIA Corporation
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Omron Corporation
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Oracle Corporation
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Rockwell Automation Company
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Salesforce.com, Inc.
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Samsung Electronics Co., Ltd.
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SAP SE
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SAS Institute Co., Ltd.
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Siemens AG
For more information on this report, please visit https://www.researchandmarkets.com/r/mh2s9r.
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