Artificial Intelligence Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The global artificial intelligence market reached a value of US$ 56.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 308.5 Billion by 2027, exhibiting a CAGR of 31.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Artificial Intelligence (AI) refers to a branch of computer science that aims to simulate human intelligence for developing programmable machines. AI-integrated machines are capable of human-like speech-recognition, learning, planning and problem solving based on past experiences. The hardware components of AI include various chipsets with high computing capabilities, such as graphics processing unit (GPU), central processing unit (CPU), application-specific integrated circuits (ASIC), and field-programmable gate array (FPGA). The software components include core technologies such as natural language processing (NLP), deep learning, machine learning (ML) and augmented and virtual reality (AR/VR), which can process large amounts of data and provide meaningful insights.
Artificial Intelligence Market Trends:
The market is primarily driven by the significant growth in the information technology (IT) industry, along with the growing utilization of cloud-based applications across the globe. The increasing digitization in various industries, such as telecommunication, healthcare, automotive and banking, financial services and insurance (BFSI), has led to the extensive utilization of AI-integrated systems for analyzing large amounts of data and extracting insights regarding overall operational efficiencies and consumer experience. Furthermore, the increasing deployment of 5G infrastructure and the rising demand for intelligent virtual assistants are also providing a boost to the market growth. Various social media and e-commerce platforms are employing AI-based algorithms, recommendation engines, chatbots and pricing optimization, lead generation and supply chain optimization systems to enhance their customer engagement. Other factors, including the development of AI-powered industrial and surgical robots, along with increasing investments to improve the AI infrastructure, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global artificial intelligence market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, offering, technology, system and end-use industry.
Breakup by Type:
Narrow/Weak Artificial Intelligence
General/Strong Artificial Intelligence
Breakup by Offering:
Hardware
Software
Services
Breakup by Technology:
Machine Learning
Natural Language Processing
Context-Aware Computing
Computer Vision
Others
Breakup by System:
Intelligence Systems
Decision Support Processing
Hybrid Systems
Fuzzy Systems
Breakup by End-Use Industry:
Healthcare
Manufacturing
Automotive
Agriculture
Retail
Security
Human Resources
Marketing
Financial Services
Transportation and Logistics
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Amazon Web Services Inc., Apple Inc., Baidu, Cisco Systems Inc., Facebook Inc., General Electric Company, Google LLC (Alphabet Inc.), International Business Machines, Intel Corporation, Micron Technology Inc., Microsoft Corporation, Nvidia Corporation, Oracle Corporation, Rockwell Automation Inc., Samsung Electronics Co. Ltd., SAP SE, Siemens AG, etc. Key Questions Answered in this Report
1. What was the global artificial intelligence market size in 2021?
2. What are the key factors driving the global artificial intelligence market?
3. What has been the impact of COVID-19 on the global artificial intelligence market?
4. What is the breakup of the global artificial intelligence market based on the type?
5. What is the breakup of the global artificial intelligence market based on the technology?
6. What is the breakup of the global artificial intelligence market based on the system?
7. What is the breakup of the global artificial intelligence market based on the end-use industry?
8. What are the key regions in the global artificial intelligence market?
9. Who are the key players/companies in the global artificial intelligence market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Artificial Intelligence Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Type
- 6.1 Narrow/Weak Artificial Intelligence
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 General/Strong Artificial Intelligence
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Offering
- 7.1 Hardware
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Software
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Services
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 8 Market Breakup by Technology
- 8.1 Machine Learning
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Natural Language Processing
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Context-Aware Computing
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Computer Vision
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 9 Market Breakup by System
- 9.1 Intelligence Systems
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Decision Support Processing
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Hybrid Systems
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Fuzzy Systems
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 10 Market Breakup by End-Use Industry
- 10.1 Healthcare
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Manufacturing
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Automotive
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Agriculture
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Retail
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
- 10.6 Security
- 10.6.1 Market Trends
- 10.6.2 Market Forecast
- 10.7 Human Resources
- 10.7.1 Market Trends
- 10.7.2 Market Forecast
- 10.8 Marketing
- 10.8.1 Market Trends
- 10.8.2 Market Forecast
- 10.9 Financial Services
- 10.9.1 Market Trends
- 10.9.2 Market Forecast
- 10.10 Transportation and Logistics
- 10.10.1 Market Trends
- 10.10.2 Market Forecast
- 10.11 Others
- 10.11.1 Market Trends
- 10.11.2 Market Forecast
- 11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.2 Asia Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
- 12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
- 13 Value Chain Analysis
- 14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
- 15 Price Indicators
- 16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Amazon Web Services Inc.
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.2 Apple Inc.
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.2.4 SWOT Analysis
- 16.3.3 Baidu
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.4 Cisco Systems Inc.
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.4.3 Financials
- 16.3.4.4 SWOT Analysis
- 16.3.5 Facebook Inc.
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.5.3 Financials
- 16.3.5.4 SWOT Analysis
- 16.3.6 General Electric Company
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.6.3 Financials
- 16.3.6.4 SWOT Analysis
- 16.3.7 Google LLC (Alphabet Inc.)
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.7.3 SWOT Analysis
- 16.3.8 International Business Machines
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.8.3 Financials
- 16.3.8.4 SWOT Analysis
- 16.3.9 Intel Corporation
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.9.3 Financials
- 16.3.9.4 SWOT Analysis
- 16.3.10 Micron Technology Inc.
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.10.3 Financials
- 16.3.10.4 SWOT Analysis
- 16.3.11 Microsoft Corporation
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.11.3 Financials
- 16.3.11.4 SWOT Analysis
- 16.3.12 Nvidia Corporation
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.12.3 Financials
- 16.3.12.4 SWOT Analysis
- 16.3.13 Oracle Corporation
- 16.3.13.1 Company Overview
- 16.3.13.2 Product Portfolio
- 16.3.13.3 Financials
- 16.3.13.4 SWOT Analysis
- 16.3.14 Rockwell Automation Inc.
- 16.3.14.1 Company Overview
- 16.3.14.2 Product Portfolio
- 16.3.14.3 Financials
- 16.3.14.4 SWOT Analysis
- 16.3.15 Samsung Electronics Co. Ltd.
- 16.3.15.1 Company Overview
- 16.3.15.2 Product Portfolio
- 16.3.15.3 Financials
- 16.3.15.4 SWOT Analysis
- 16.3.16 SAP SE
- 16.3.16.1 Company Overview
- 16.3.16.2 Product Portfolio
- 16.3.16.3 Financials
- 16.3.16.4 SWOT Analysis
- 16.3.17 Siemens AG
- 16.3.17.1 Company Overview
- 16.3.17.2 Product Portfolio
- 16.3.17.3 Financials
- 16.3.17.4 SWOT Analysis
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