Global Artificial Intelligence (AI) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Artificial Intelligence (AI) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Artificial intelligence is the simulation of human intelligence processes by computers or computer-controlled systems, including natural language processing, speech recognition, and machine vision. AI systems ingest large amounts of labeled training data, analyze the data for correlations and patterns, and use those patterns to perform tasks typically performed by humans.

Market Overview:


The latest research study on the global Artificial Intelligence (AI) market finds that the global Artificial Intelligence (AI) market reached a value of USD 67412.73 million in 2022. It’s expected that the market will achieve USD 501813.57 million by 2028, exhibiting a CAGR of 39.73% during the forecast period.

Wide range of downstream applications

Artificial intelligence has various applications in today's society. It has become critical in this day and age as it can effectively solve complex problems in multiple industries such as healthcare, entertainment, finance, education, etc. Artificial intelligence is making our daily lives more comfortable and faster. Today, our daily lives are completely dependent on mobile devices and the Internet. We use a variety of apps, including Google Maps, Alexa, Siri, Cortana on Windows, OK Google, selfies, calls, emails, and more. By using various artificial intelligence-based technologies.

Region Overview:


In 2021, the share of the Artificial Intelligence (AI) market in Americas stood at 47.97%.

Company Overview:


Google is an American multinational technology company that focuses on search engine technology, online advertising, cloud computing, computer software, quantum computing, e-commerce, artificial intelligence, and consumer electronics. It has market dominance in the field of artificial intelligence, data collection, and technological superiority. In 2015, Google was reorganized as a wholly owned subsidiary of Alphabet Inc.

Since then, the company has grown rapidly, offering a variety of products and services beyond Google Search, many of which have dominated the market. These products address a broad range of use cases, including email (Gmail), navigation (Waze & Maps), cloud computing (Cloud), web browsing (Chrome), video sharing (YouTube), productivity (Workspace), operating systems (Android) ), Cloud Storage (Drive), Language Translation (Translate), Photo Storage (Photos), Video Calling (Meet), Smart Home (Nest), Smartphone (Pixel), Wearable Technology (Pixel Watch & Fitbit), Music Streaming Media (YouTube Music), video on demand (YouTube TV), artificial intelligence (Google Assistant), machine learning API (TensorFlow), artificial intelligence chip (TPU), etc. Discontinued Google products include games (Stadia), Glass, google+, Reader, Play Music, Nexus, Hangouts, and Inbox for Gmail. Google's other businesses outside of internet services and consumer electronics include quantum computing (Sycamore), self-driving cars (Waymo, formerly Google's self-driving car project), smart cities (Sidewalk Labs), and shape-shifting models (Google Brain).

Segmentation Overview:


As for product types, the Software segment held the largest market share in 2021.

Application Overview:


By application, the Voice Assistants segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Artificial Intelligence (AI) market covered in Chapter 3:

Nvidia Corporation
Alphabet Inc.
International Business Machines Corporation
Megvii Technology Limited
UBTECH Robotics, Inc.
CloudMinds Technology Inc.
Anki
Banjo
SenseTime
AIBrain
Intel Corporation
Apple Inc.
Microsoft Corporation
Amazon.com, Inc.
CloudWalk Technology Co., Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Artificial Intelligence (AI) market from 2018 to 2029 is primarily split into:

Hardware
Software
Services

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Artificial Intelligence (AI) market from 2018 to 2029 covers:

Healthcare
BFSI
Law
Retail
Advertising & Media

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)