Global Artificial intelligence AI
Market Report
2024
Artificial Intelligence (AI) market size will be USD 161.2 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 37.90% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Artificial Intelligence (AI) market size will be USD 161.2 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 37.90% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Artificial intelligence AI Market Sales Revenue 2024 | $ 161.2 Billion |
Global Artificial intelligence AI Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 37.9% |
Market Split by Offering |
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Market Split by Technology |
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Market Split by Business Function |
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Market Split by Verticals |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Artificial intelligence AI Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Several industries are changing due to artificial intelligence (AI), which is also developing as a major force behind robotics, big data analytics, and the IoT. Moreover, the popularity of generative AI technologies is rising, which is contributing to the market growth. Given its current trajectory, the artificial intelligence (AI) sector is expected to continue as a potent technical innovator, driving breakthroughs for the foreseeable future. The worldwide artificial intelligence market has grown dramatically due in large part to the rapid spread of the internet and digital technologies. The IT companies' substantial R&D expenditures are driving ongoing technological improvements across a range of industries.
Increased Use of Self-driving Artificial Intelligence to Increase the Demand Globally - The artificial intelligence industry is expanding as a result of the growing use of autonomous AI. This movement is driven by developments in NPL, ML, and algorithms that make it possible to create complex autonomous AI systems. Because these systems are more accurate and dependable, businesses from a variety of industries are drawn to them. Operations are optimized using autonomous AI, which lowers costs and boosts output. Applications for it can be found in the manufacturing, transportation, healthcare, and financial industries. The use of autonomous AI is further propelled by the automation-driven cost reduction connected with the industry.
Growing data collection from digital platforms leads to a rise in the AI market.
Lack of data availability, especially in niche markets or specialized markets, impedes market growth, which also costs a lot during data collection.
Growth in the AI market is severely hampered by problems with bias and incorrectly generated output.
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Competitive Landscape includes company profiling of the key manufacturers listed below. It also provides the key developments such as new product launches, expansion, mergers & acquisitions, partnerships, agreements, joint ventures, business overview, key strategies and financial analysis associated with the key players. Strategy implemented to overcome the COVID-19 Impact will be discussed in the report scope. Key players Financials includes Revenue (USD Million), Gross Margin (%) and Market Share (%) (2019- 2023), S.W.O.T Analysis, (To read more request the sample pages Or speak to analyst/author directly).
Top Companies Market Share in Artificial intelligence AI Industry: (In no particular order of Rank)
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Region and country analysis section of Artificial intelligence AI Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Artificial intelligence AI market.
The current report Scope analyzes Artificial intelligence AI Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Artificial intelligence AI Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Artificial intelligence AI Industry growth. Artificial intelligence AI market has been segmented with the help of its Offering, Technology Business Function, and others. Artificial intelligence AI market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Hardware
Software
Services
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Machine Learning
NLP
Context awareness
Computer Vision
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Artificial intelligence AI Market is witnessing significant growth in the near future.
In 2023, the Hardware segment accounted for noticeable share of global Artificial intelligence AI Market and is projected to experience significant growth in the near future.
The Machine Learning segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Intel Corporation , IBM and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
The continuous research and innovation directed by tech giants are driving the adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing. The AI market is expected to witness significant growth in the coming years, driven by the increasing demand for AI-powered solutions in various industries
Disclaimer:
Offering | Hardware, Software, Services |
Technology | Machine Learning, NLP, Context awareness, Computer Vision |
Business Function | Finance, Security, Human Resources, Law, Marketing and sales, Operations, Supply Chain Management |
Verticals | BFSI, Retail & Ecommerce, Automotive, Transportation and Logistics, Government & Defense, Healthcare & Life Sciences, Telecom, Energy & Utilities, Manufacturing, Agriculture, IT/TeS, Media & Entertainment, Other Verticals (Construction/ Education and Travel & Hospitality) |
List of Competitors | Intel Corporation, Microsoft, IBM, Google, Amazon Web Services, Baidu Inc., NVIDIA Corporation, H2O.ai., Lifegraph, Sensely Inc., Enlitic Inc., AiCure, HyperVerge Inc., Arm Limited, Clarifai Inc. |
This chapter will help you gain GLOBAL Market Analysis of Artificial intelligence AI. Further deep in this chapter, you will be able to review Global Artificial intelligence AI Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Artificial intelligence AI Market Trends North America Artificial intelligence AI Technological Road Map North America Artificial intelligence AI Market Drivers North America Artificial intelligence AI Market Restraints North America Artificial intelligence AI Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Offering Analysis 2019 -2031, will provide market size split by Offering. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Offering Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Technology Analysis 2019 -2031
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Chapter 12 Market Split by Business Function Analysis 2019 -2031
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Chapter 13 Market Split by Verticals Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Artificial intelligence AI market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Hardware have a significant impact on Artificial intelligence AI market? |
What are the key factors affecting the Hardware and Software of Artificial intelligence AI Market? |
What is the CAGR/Growth Rate of Machine Learning during the forecast period? |
By type, which segment accounted for largest share of the global Artificial intelligence AI Market? |
Which region is expected to dominate the global Artificial intelligence AI Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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