Global Artificial Intelligence Market Report and Forecast 2024-2032

Global Artificial Intelligence Market Report and Forecast 2024-2032



Market Outlook

According to the report by Expert Market Research (EMR), the global artificial intelligence market reached a value of USD 1.82 trillion in 2023. Aided by the rapid technological advancements and the increasing integration of AI in various industries, the market is projected to further grow at a CAGR of 18.03% between 2024 and 2032 to reach a value of USD 9.08 trillion by 2032.

Artificial Intelligence, succinctly defined, is the simulation of human intelligence in machines, enabling them to perform tasks that typically require human intellect - such as visual perception, speech recognition, decision-making, and translation between languages. AI's foundational pillars encompass domains like machine learning, robotics, neural networks, and natural language processing. It is increasingly finding applications across sectors, ranging from healthcare and automotive to finance and entertainment.

Driving the global artificial intelligence market growth is the digital metamorphosis witnessed across industries. As firms strive for innovation and a competitive edge, AI emerges as a pivotal ally, furnishing tools to elevate productivity, drive down operational costs, and redefine customer engagement strategies. Furthermore, the contemporary era's data deluge necessitates sophisticated data processing mechanisms. Herein, AI's prowess in data analytics emerges as a game-changer, offering invaluable insights to shape business strategies.

In the realm of healthcare, artificial intelligence market demand is likely to witness a surge in the forecast period. From streamlining patient diagnoses, personalising medical treatments, and spearheading drug discovery to driving robotic surgeries, AI holds the promise of reshaping modern medical paradigms. Parallelly, the financial sector is witnessing a seismic shift, with AI algorithms predicting stock trajectories, safeguarding against fraud, and curating personalised banking experiences for users.

Adding to AI's expansive portfolio is the burgeoning domain of the Internet of Things (IoT). Today's digital landscape is dotted with smart homes, IoT-driven wearables, and AI-integrated vehicles. These once-futuristic concepts have seamlessly blended into the fabric of contemporary living, reshaping industries and consumer behaviours.

Beyond the industrial spectrum, AI's implications on socio-cultural dimensions are profound, which is influencing the artificial intelligence market outlook. With AI-driven personal assistants, predictive text functionalities, and recommendation algorithms, our daily interactions with technology are becoming increasingly personalised, thereby influencing consumer behaviours and societal trends.

Furthermore, education and skilling sectors are undergoing rapid transformation to meet AI's demands. Curriculums are evolving, with an emphasis on coding, data analytics, and AI ethics, preparing the workforce for an AI-augmented future. This emphasis on learning and development ensures that as AI systems become more prevalent, there's a skilled workforce ready to harness its capabilities, driving further innovation.

Market Segmentation

The market can be divided based on solution, technology, type, end use, and region.

Market Breakup by Solution
  • Hardware
  • Software
  • Services
Market Breakup by Technology
  • Machine Learning
  • Natural Language Processing (NLP)
  • Context-Aware Computing
  • Computer Vision
  • Robotics
Market Breakup by Type
  • Narrow/Weak AI
  • General/Strong AI
Market Breakup by End Use
  • Healthcare
  • BFSI
  • Automotive and Transportation
  • Security
  • Aerospace
  • Defence
  • Agriculture
  • Retail
  • Financial
  • Manufacturing
  • Advertisement and Marketing
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global artificial intelligence market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Google LLC
  • Microsoft Corporation
  • IBM Corporation
  • Intel Corporation
  • Cisco Systems, Inc.
  • Apple Inc.
  • NVIDIA Corporation
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Artificial Intelligence Market Analysis
8.1 Key Industry Highlights
8.2 Global Artificial Intelligence Historical Market (2018-2023)
8.3 Global Artificial Intelligence Market Forecast (2024-2032)
8.4 Global Artificial Intelligence Market by Solution
8.4.1 Hardware
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Software
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Services
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Artificial Intelligence Market by Technology
8.5.1 Machine Learning
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Natural Language Processing (NLP)
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Context-Aware Computing
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Computer Vision
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Robotics
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.6 Global Artificial Intelligence Market by Type
8.6.1 Narrow/Weak AI
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 General/Strong AI
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 Global Artificial Intelligence Market by End Use
8.7.1 Healthcare
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 BFSI
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Automotive and Transportation
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Security
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Aerospace
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
8.7.6 Defence
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2018-2023)
8.7.6.3 Forecast Trend (2024-2032)
8.7.7 Agriculture
8.7.7.1 Market Share
8.7.7.2 Historical Trend (2018-2023)
8.7.7.3 Forecast Trend (2024-2032)
8.7.8 Retail
8.7.8.1 Market Share
8.7.8.2 Historical Trend (2018-2023)
8.7.8.3 Forecast Trend (2024-2032)
8.7.9 Financial
8.7.9.1 Market Share
8.7.9.2 Historical Trend (2018-2023)
8.7.9.3 Forecast Trend (2024-2032)
8.7.10 Manufacturing
8.7.10.1 Market Share
8.7.10.2 Historical Trend (2018-2023)
8.7.10.3 Forecast Trend (2024-2032)
8.7.11 Advertisement and Marketing
8.7.11.1 Market Share
8.7.11.2 Historical Trend (2018-2023)
8.7.11.3 Forecast Trend (2024-2032)
8.7.12 Others
8.8 Global Artificial Intelligence Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2023)
8.8.1.3 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2023)
8.8.2.3 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2023)
8.8.3.3 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2023)
8.8.4.3 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2023)
8.8.5.3 Forecast Trend (2024-2032)
9 North America Artificial Intelligence Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Artificial Intelligence Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Artificial Intelligence Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Artificial Intelligence Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Artificial Intelligence Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Google LLC
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Microsoft Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 IBM Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Intel Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Cisco Systems, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Apple Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 NVIDIA Corporation
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and
Tables
1. Global Artificial Intelligence Market: Key Industry Highlights, 2018 and 2032
2. Global Artificial Intelligence Historical Market: Breakup by Solution (USD Trillion), 2018-2023
3. Global Artificial Intelligence Market Forecast: Breakup by Solution (USD Trillion), 2024-2032
4. Global Artificial Intelligence Historical Market: Breakup by Technology (USD Trillion), 2018-2023
5. Global Artificial Intelligence Market Forecast: Breakup by Technology (USD Trillion), 2024-2032
6. Global Artificial Intelligence Historical Market: Breakup by Type (USD Trillion), 2018-2023
7. Global Artificial Intelligence Market Forecast: Breakup by Type (USD Trillion), 2024-2032
8. Global Artificial Intelligence Historical Market: Breakup by End Use (USD Trillion), 2018-2023
9. Global Artificial Intelligence Market Forecast: Breakup by End Use (USD Trillion), 2024-2032
10. Global Artificial Intelligence Historical Market: Breakup by Region (USD Trillion), 2018-2023
11. Global Artificial Intelligence Market Forecast: Breakup by Region (USD Trillion), 2024-2032
12. North America Artificial Intelligence Historical Market: Breakup by Country (USD Trillion), 2018-2023
13. North America Artificial Intelligence Market Forecast: Breakup by Country (USD Trillion), 2024-2032
14. Europe Artificial Intelligence Historical Market: Breakup by Country (USD Trillion), 2018-2023
15. Europe Artificial Intelligence Market Forecast: Breakup by Country (USD Trillion), 2024-2032
16. Asia Pacific Artificial Intelligence Historical Market: Breakup by Country (USD Trillion), 2018-2023
17. Asia Pacific Artificial Intelligence Market Forecast: Breakup by Country (USD Trillion), 2024-2032
18. Latin America Artificial Intelligence Historical Market: Breakup by Country (USD Trillion), 2018-2023
19. Latin America Artificial Intelligence Market Forecast: Breakup by Country (USD Trillion), 2024-2032
20. Middle East and Africa Artificial Intelligence Historical Market: Breakup by Country (USD Trillion), 2018-2023
21. Middle East and Africa Artificial Intelligence Market Forecast: Breakup by Country (USD Trillion), 2024-2032
22. Global Artificial Intelligence Market Structure

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