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Global Artificial Intelligence (AI) Market Size, Trends & Growth Opportunity and By Type (Narrow/Weak AI and General/Strong AI), By Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, and Computer Vision), By Solution (Software, Hardware, and Services), By Region and Forecast till 2027.


Report ID : IR100686 | Industries : Automotive and Transportation | Published On :November 2024 | Page Count : 4

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  • Global Artificial Intelligence (AI) Market Size, Trends & Growth Opportunity and By Type (Narrow/Weak AI and General/Strong AI), By Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, and Computer Vision), By Solution (Software, Hardware, and Services), By Region and Forecast till 2027.

     

    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.
     

    key players

    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 
    • To create AI software for cancer diagnostics and monitoring, Guerbet, a French company specialising in medical imaging, and IBM Watson Health signed a contract in September 2019. Their past collaboration with live cancer diagnosis and monitoring has been extended by this agreement.
    • To bolster its AI portfolio, Intel finalised the acquisition of Habana Labs, an Israeli deep learning company, in December 2019.
    • Mulesoft, a Salesforce company, and HDFC teamed together in July 2022. Because of its innovative API-led integration methodology and low code integration capabilities, HDFC would be able to quickly innovate in the field of system connectivity and help to create new experiences.

     

    Market Taxonomy 
    By Type

    • Narrow/Weak AI
    • General/Strong AI

     

    By Technology
    • Machine Learning
    • Natural Language Processing
    • Context-Aware Computing
    • Computer Vision

     

    By Solution
    • Software
    • Hardware
    • Services

     

    By Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

     

    Key Questions Addressed by the Report
    • What are the Key Opportunities in Artificial Intelligence (AI) Market?
    • What will be the growth rate from 2021 to 2027?
    • Which segment/region will have highest growth?
    • What are the factors that will impact/drive the Market?
    • What is the competitive Landscape in the Industry?
    • What is the role of key players in the value chain?

    Global Artificial Intelligence (AI) Market
    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
    5.2  Global Artificial Intelligence (AI) Market  Share Analysis, 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 Global Artificial Intelligence (AI) Market  Share Analysis, By Solution
    7.3 Global Artificial Intelligence (AI) Market  Size and Forecast, 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