Global Artificial Intelligence Market By Solution (Hardware, Software, and Services), By Technology (Learning, Machine Learning, Natural Language Processing (NLP), and Machine Vision), By End-Use (Healthcare, Agriculture, BFSI, Law, Advertising & Media, Retail, Automotive & Transportation, Manufacturing, and Other End-Uses) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Artificial Intelligence Market Overview:

The global Artificial Intelligence market is estimated to be worth USD 94,500 million in 2021. From 2023 to 2032, it will grow at a CAGR, of 36.8%.

The tech giants are investing heavily in research and innovation, which is driving the adoption of advanced technologies in a wide range of industries including finance, manufacturing, healthcare, and finance. Cnvrg.io., an Israeli data scientist platform, was acquired by Intel Corporation in November 2020. It allows data scientists to develop and run machine learning algorithms. Although technology has been an important element in these industries, AI has put technology at the center of organizations.

Global Artificial Intelligence Market Scope:

Solution analysis

Software solutions dominated 2021’s market with a share exceeding 39.3%. This is due to technological innovations in information storage capacity as well as high processing power and parallel processing capabilities which enable high-end, high-end services. This segment also benefits from being able to extract and present live information in real-time to assist with decision-making. AI software can also be used in dynamic end-user segments. AI software solutions can include libraries to create and deploy AI apps.

These include primitives, linear algebras, inferences, sparse, matrices, video analytics, and multiple hardware communication capabilities, Artificial intelligence software will not go away because companies need to analyze and understand visual data to gain meaningful insight.

AI services allow companies to make more profits and lower their operating costs. Artificial Intelligence, as a Service, is a way for companies to gain a competitive edge in the cloud. These services include installation, maintenance, support, and integration. This market is expected to increase significantly during the forecast period. It includes chipsets like Graphics Processing Units (GPU), GPUs, CPUs, and Application-specific IIC Circuits. The market leader for AI hardware currently is CPUs & GPUs. It is because of their superior computing capabilities, which are essential for AI frameworks. Atomwise partnered with GC Pharma in September 2020 to provide AI-based solutions. This partnership will aid in developing novel hemophilia therapy options.

Technology analysis

Deep learning, the largest segment of the market, had a 35.0% share of revenue in 2021. This is because of the complex data-driven app they use, including speech recognition and text/content detection. Because deep learning helps to overcome high volumes of data, it can be a great way to invest. Zebra Medical Vision joined forces with TELUS in July 2020 to increase access to TELUS Ventures’ deep-learning products in North America.

TELUS Ventures AI solutions were expanded to clinical care settings. This collaboration was also able to allow for new modalities to be added to the TELUS Ventures AI portfolio. AI is an important investment. This includes AI platforms and cognitive apps. This includes tagging. clustering. categorization. alerting. filtering. navigation. visualization. These are all crucial factors for the development and implementation of cognitively-enabled, intelligent, and advisory strategies.

Cloud-based computing platforms continue to grow, with both on-premises and cloud-based equipment allowing for secure data restoration. This has created opportunities to expand the analytics platform. Rising research and investment in development by top companies will be key to increasing the adoption of artificially intelligent technology. NLP will continue gaining ground over the forecast period. NLP has become more popular in many businesses to help them understand their clients, emerging trends, purchasing behavior, and decision making.

End-Use analysis

Advertising and media was the largest market segment and earned a greater than 21% revenue share in 2021. The increasing popularity of AI marketing tools is partly responsible for the high market share. Cadbury’s January 2022 initiative allowed small businesses to use the voice and faces of celebrities to create their AD. The healthcare sector is expected, however, to hold a dominant share by 2030. Segmentation of the healthcare sector has been done based upon use-cases.

These include robot-assisted surgery and dosage error reduction. Virtual nursing assistants can also be used. BFSI comprises financial analysis, risk assessment, as well as other solutions. Because of the high demand in this sector for compliance and risk-management applications, artificial intelligence has enjoyed a significant share of the BFSI.

The other verticals in which artificial intelligence systems are used include law, automobile, transportation, and agriculture, among others. Conversational AI platforms are one of the most commonly used applications in every vertical. Google LLC has launched a Rapid Response Virtual Agent to help call centers. This chatbot will help customers to resolve any problems caused by the COVID-19 (coronavirus) epidemic via voice, chat, or other social media channels. Retail is predicted to experience a significant rise due to the growing focus on providing a better shopping experience.

There is an increasing amount of digital information in text, sound & images that come from different social media channels, which drives the demand for data mining, analytics, and data mining. AI has made a positive difference in entertainment and advertising. Companies are using AI techniques for marketing their products and connecting with customers.

Кеу Маrkеt Ѕеgmеntѕ:

By Solution

• Hardware
• Services
• Software

By Technology

• Deep Learning
• Natural Language Processing (NLP)
• Machine Learning
• Machine Vision

By End-Use

• Manufacturing
• Healthcare
• Law
• BFSI
• Advertising & Media
• Retail
• Agriculture
• Automotive & Transportation
• Other End-Uses

Market Dynamics:

AI is being integrated into almost all programs and machines, including autonomous cars as well as vital medical equipment that saves lives. AI is the future of digital technology. Amazon.com, Inc., Google LLC, Apple Inc., Microsoft, Facebook, etc. have made significant investments in AI research. These companies are working to make AI more accessible for enterprise use. AI technology is being used by many companies in order to provide a better customer experience.

AI innovation depends on having historical data. Researchers now have access to data that is not structured by hospitals or government agencies. This makes data storage easier and faster. Researchers now have access to a wealth of data, including historical rainfall trends or clinical images. Researchers and information scientists have the ability to create faster using rich datasets & next-generation computing architectures. AI adoption is also being accelerated due to advancements in deep learning and ANNs.

ANN uses similar patterns to identify modified solutions. Google Maps, among other tech companies, has adopted ANN in order to improve route quality and obtain feedback. ANN replaces the machine-learning systems which produce inaccurate or precise versions. Computer technology’s most recent advancements have made digital image processing possible. These techniques can transform images and videos in low light, or with poor resolution, to HD quality. Research in computer vision security surveillance and transport has laid the foundation for digital image processing. These new machine learning methods will revolutionize how AI can be trained.

The WHO has designated the novel coronavirus, an epidemic, which will have huge consequences for businesses and people. AI-enabled computer technology systems have an opportunity to fight the epidemic. Many tech giants, as well as start-ups, are working to mitigate, contain and prevent this pandemic. Damo Academy, a Chinese tech firm that has a large research base, has created a diagnostic algorithm to detect coronavirus cases by using the chest CT. The AI model that is used in this system was trained using the data from more than 5,000 positive cases of coronavirus. Lunit has advanced an AI solution for chest x-ray analysis in June 2020. It is designed to simplify the management of Covid-19 cases.

COVID-19 is anticipated to stimulate market growth for next-generation tech domains like artificial intelligence. This is due to the WFH (work at home) policy.
Regional Analysis

North America held the largest market share and earned a revenue share of 39.6% in 2021. Favorable government initiatives have contributed to this high share. In February 2019, President Donald J. Trump created the American AI Initiative to help the country promote artificial intelligence leadership. Federal agencies are part of this initiative and have established guidelines for the development and implementation of AI-based systems across different industries.

Asia Pacific market is expected to see a significant CAGR over this forecast period. This is due in large part to the substantial growth in investments made in artificial intelligence. Baidu, Inc., which is a China-based tech firm, announced that in April 2018, it had made definitive agreements regarding the divestiture (FSG) of its financial service group (FSG), which provides consumer credit and wealth management services. Tarrant Capital IP, LLC, Carlyle Investment Management LLC, Taikanglife, and ABC International, among others, are the main investors. In the region, there are growing numbers of AI start-ups that are pushing for the adoption of AI to increase operational efficiency as well as process automation.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Vendors on the market are focused on expanding their customer base to maintain a competitive edge. Key players are taking various strategic initiatives like mergers, acquisitions, and partnerships. Advanced Micro Devices has announced, among other things, a strategic alliance, with Oxide Interactive LLC in April 2020. This partnership will allow them to develop graphics technologies that can be used in the cloud gaming market.

Both companies had planned to develop tools and techniques that address the immediate demands of cloud gaming. Intel Corporation also acquired Habana Labs Ltd. from Israel in December 2019. This deep-learning company is based in Israel. This acquisition will likely strengthen Intel Corporation’s AI portfolio and help it to compete in the AI silicon market.

IBM Watson Health and Guerbet, a France-based medical image company, reached an agreement in September 2019 to jointly develop an AI solution for cancer monitoring and diagnostics. This partnership extends their collaboration with live monitoring and cancer diagnostics. In January 2019, Intel Corporation announced that it had partnered with Alibaba Group Holding Limited China (China) in order to co-develop AI-powered tracking technology that will be used at the Olympic Games 2020. This technology utilizes both Intel’s hardware as well as Alibaba’s cloud computing technology. It extracts 3D forms of the athletes during competition and training.

Маrkеt Кеу Рlауеrѕ:

• Advanced Micro Devices
• AiCure
• Arm Limited
• Atomwise, Inc.
• Ayasdi AI LLC
• Baidu, Inc.
• Clarifai, Inc
• Other Key Players

Rеаѕоnѕ tо Gеt thіѕ Rероrt:

Іn аn іnѕіght оutlооk, thіѕ rеѕеаrсh rероrt hаѕ dеdісаtеd tо ѕеvеrаl quаntіtіеѕ оf аnаlуѕіѕ іnduѕtrу rеѕеаrсh аnd Artificial Intelligence market ѕhаrе аnаlуѕіѕ оf hіgh рlауеrѕ, аlоng wіth соmраnу рrоfіlеѕ, аnd whісh соllесtіvеlу іnсludе аbоut thе fundаmеntаl оріnіоnѕ rеgаrdіng thе mаrkеt lаndѕсаре; еmеrgіng аnd hіgh-grоwth ѕесtіоnѕ оf Artificial Intelligence market; hіgh-grоwth rеgіоnѕ; аnd mаrkеt drіvеrѕ, rеѕtrаіntѕ, аnd аlѕо mаrkеt trends.

Тhе аnаlуѕіѕ соvеrѕ Artificial Intelligence market аnd іtѕ аdvаnсеmеntѕ асrоѕѕ dіffеrеnt іnduѕtrу vеrtісаlѕ аѕ wеll аѕ rеgіоnѕ. Іt tаrgеtѕ еѕtіmаtіng thе сurrеnt mаrkеt ѕіzе аnd grоwth роtеntіаl оf thе glоbаl Artificial Intelligence market асrоѕѕ ѕесtіоnѕ ѕuсh аѕ аlѕо аррlісаtіоn аnd rерrеѕеntаtіvеѕ.
Аddіtіоnаllу, thе аnаlуѕіѕ аlѕо hаѕ а соmрrеhеnѕіvе rеvіеw оf thе сruсіаl рlауеrѕ оn thе Artificial Intelligence market tоgеthеr ѕіdе thеіr соmраnу рrоfіlеѕ, ЅWОТ аnаlуѕіѕ, lаtеѕt аdvаnсеmеntѕ, аnd buѕіnеѕѕ рlаnѕ.

What are the Key Data Covered in this Artificial Intelligence Market Report?

• CAGR of the market during the forecast period 2023-2032
• Detailed information on factors that will drive Artificial Intelligence market growth during the next ten years
• Precise estimation of the Artificial Intelligence market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the Artificial Intelligence market industry across North America, APAC, Europe, South America, the Middle East, and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of Artificial Intelligence market vendors

Тhе аnаlуѕіѕ оbјесtіvеѕ оf thе rероrt аrе:

• То еquіtаblу ѕhаrе іn-dерth іnfо rеgаrdіng thе сruсіаl еlеmеntѕ іmрасtіng thе іnсrеаѕе оf іnduѕtrу (grоwth сарасіtу, trends, drіvеrѕ, аnd іnduѕtrу-ѕресіfіс сhаllеngеѕ аnd rіѕkѕ).
• То knоw thе Artificial Intelligence market bу ріnроіntіng іtѕ mаnу ѕubѕеgmеntѕ.
• То рrоfіlе thе іmроrtаnt рlауеrѕ аnd аnаlуzе thеіr grоwth рlаnѕ.
• То еndеаvоr thе аmоunt аnd vаluе оf Artificial Intelligence market ѕub-mаrkеtѕ, dереndіng оn kеу rеgіоnѕ (vаrіоuѕ vіtаl ѕtаtеѕ).
• То аnаlуzе Artificial Intelligence market соnсеrnіng grоwth trеndѕ, рrоѕресtѕ, аnd аlѕо thеіr раrtісіраtіоn іn thе еntіrе ѕесtоr.
• То ехаmіnе аnd ѕtudу thе Artificial Intelligence market ѕіzе (vоlumе & vаluе) frоm thе соmраnу, еѕѕеntіаl rеgіоnѕ/соuntrіеѕ, рrоduсtѕ, аnd аррlісаtіоn, bасkgrоund іnfоrmаtіоn frоm 2016 tо 2020, аnd аlѕо рrеdісtіоn tо 2032.
• Рrіmаrу wоrldwіdе Artificial Intelligence market mаnufасturіng соmраnіеѕ, tо ѕресіfу, сlаrіfу аnd аnаlуzе thе рrоduсt ѕаlеѕ аmоunt, vаluе аnd mаrkеt ѕhаrе, mаrkеt rіvаlrу lаndѕсаре, ЅWОТ аnаlуѕіѕ аnd dеvеlорmеnt рlаnѕ nехt соmіng уеаrѕ.
• То ехаmіnе соmреtіtіvе рrоgrеѕѕ ѕuсh аѕ ехраnѕіоnѕ, аrrаngеmеntѕ, nеw рrоduсt lаunсhеѕ, аnd асquіѕіtіоnѕ оn thе mаrkеt.

For the Artificial Intelligence Market research study, the following years have been considered to estimate the market size: