Artificial Intelligence Market- Global Industry Size, Share, Trends, Opportunities, and Forecast, 2018-2028
The Global Artificial Intelligence Market is projected to register a CAGR of more than 35.6% during the forecast period. The increasing penetration of digital technologies, rising automotive industry, growing healthcare sector, and higher adoption of hyper-personalized services are fuelling the growth of Global Artificial Intelligence Market.
Artificial intelligence is the reconstruction of human intelligence in computers that have been designed to think and behave like people. Machine learning, machine vision, automation, robotics, and other types of technologies all use artificial intelligence.
The proliferation of the Automobile Industry
Autonomous vehicles are the most widely accessible use of AI in the automotive industry, which is growing as a significant source of AI. AI chips, computer vision, and ML are the key AI technologies associated with self-driving. Moreover, the use of AI in automotive manufacturing will increasingly overlap with the development of sustainable smart cities. 5G connectivity will provide a foundation of low-latency communication from vehicle-to-vehicle (V2V) and eventually vehicle-to-everything (V2X), which opens up a whole range of AI cases. In addition, AI will help with centralized traffic management, which will enhance travel efficiency and reduce vehicle energy use from a sustainability standpoint. Mobility providers will continue to use AI in fleet management and real-time vehicle routing, and infotainment systems will be able to support ambient commerce through interactions with smart infrastructure. For instance, Tesla makes use of cutting-edge artificial intelligence technology, such as autopilot, and uses customer datasets for data analytics to forecast and gather information about consumer requirements, which is then used to enhance the features of its vehicles.
Growing Healthcare Industry
As one of the most important industries in the larger big data environment, healthcare plays a crucial part in a prosperous, productive society. It may truly be a matter of life and death when using AI for healthcare data. AI can help healthcare professionals, such as doctors, nurses, and other staff members, in their daily tasks. Artificial intelligence (AI) in healthcare can improve patient outcomes, preventive care, and quality of life while also resulting in more precise diagnosis and treatment regimens. By analyzing information from the public sector, the medical industry, and other sources, AI can also forecast and monitor the development of contagious diseases. Thus, AI has the potential to be a key instrument in the fight against diseases and pandemics, which will benefit global public health.
Moreover, the government of several countries, such as India and China, launched numerous initiatives and schemes to proliferate the growth of the healthcare industry. For instance, in India, Pradhan Mantri Ayushman Bharat Health Infrastructure Mission was announced in 2021 with an outlet of USD 7,776 million over six years. This scheme focuses on developing capacities of health systems and institutions across the continuum of care at all levels, including primary, secondary, and tertiary, and on preparing health systems to respond effectively to current and future pandemics/disasters.
Increasing Internet of Technology (IoT)IoT has seen steady adoption across the business world over the past decade. Every day IoT devices generate around one billion gigabytes of data. By 2025, the projection for IoT-connected devices globally is 42 billion. As the networks grow, the data does too. With AI, IoT has a wide range of benefits for organizations and offers a powerful solution to intelligent automation, such as avoiding downtime, increasing operational efficiency, enabling new and improved products and services, and risk management. Moreover, IoT, along with AI, is revolutionizing many industries, including manufacturing, sales and marketing, automotive, healthcare, etc., which has led to the rising growth of the Global Artificial Intelligence Market in coming years.
Market Segments
Global Artificial Intelligence Market is segmented by type, technology, deployment, industry, and by region. Based on Type, the market is segmented into Strong AI and Weak AI. Based on Technology, the market is segmented into Machine Learning, Deep Learning, Natural Language Processing, Computer Vision, and Others. Based on Deployment, the market is segmented into Cloud and On-premises. Based on Industry, the market is segmented into Healthcare, Retail & E-Commerce, Logistics and Transportation, Manufacturing, Consumer Electronics, BFSI, and Others.
Market Players
Major market players in the Global Artificial Intelligence Market are Amazon Web Services, Google LLC, IBM Corporation, Microsoft Corporation, Nvidia Corporation, Alibaba Group Holding Ltd, Intel Corporation, Salesforce, Inc., Oracle Corporation, Hewlett Packard Enterprise Development LP, SAS Institute Inc., Baidu, Inc., Sensely, Inc., H2O.ai., and Samsung Electronics Co., Ltd.
Recent Developments
- In November 2022, NVIDIA collaborates with Microsoft Corporation to build a massive cloud AI supercomputer to help enterprises train, deploy and scale AI, including large, state-of-the-art models.
- In May 2022, MBZUAI announced plans for a strategic collaboration with IBM. The initiative seeks to develop, validate, and incubate technologies that harness the capabilities of AI to address civic, social, and business challenges. Further, the collaboration aims to provide real-life applications, particularly in the fields of natural language processing, as well as AI applications that seek to further climate and sustainability goals and accelerate discoveries in healthcare.
- In October 2022, Google Cloud announced Medical Imaging Suite, new technology to offer flexible options for cloud edge deployment to allow organizations to meet diverse sovereignty, data security, and privacy requirements, centralized management, and policy enforcement with Google Distributed Cloud.
In this report, Global Artificial Intelligence Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- Artificial Intelligence Market, By Type:
- Strong AI
- Weak AI
- Artificial Intelligence Market, By Technology:
- Machine Learning
- Deep Learning
- Natural Language Processing
- Computer Vision
- Others
- Artificial Intelligence Market, By Deployment:
- Cloud
- On-premises
- Artificial Intelligence Market, By Industry:
- Healthcare
- Retail & E-Commerce
- Logistics and Transportation
- Manufacturing
- Consumer Electronics
- BFSI
- Others
- Artificial Intelligence Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Singapore
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Qatar
- Egypt
Company Profiles: Detailed analysis of the major companies present in Global Artificial Intelligence Market.
Global Artificial Intelligence Market with the given market data, Tech Sci Research offers customizations according to a company’s specific needs.
Company Information
- Detailed analysis and profiling of additional market players (up to five).
- 1. Service Overview
- 1.1. Market Definition
- 1.2. Scope of the Study
- 2. Research Methodology
- 2.1. Baseline Methodology
- 2.2. Methodology Followed for Calculation of Market Size
- 2.3. Methodology Followed for Calculation of Market Shares
- 2.4. Methodology Followed for Forecasting
- 3. Executive Summary
- 4. Impact of COVID-19 on Global Artificial Intelligence Market
- 5. Voice of Customer
- 5.1. Brand Awareness
- 5.2. Factors considered for selecting Vendor
- 5.3. Barriers to Adoption
- 6. Global Artificial Intelligence Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Type (Strong AI, Weak AI)
- 6.2.2. By Technology (Machine Learning, Deep Learning, Natural Language Processing, Computer Vision, Others)
- 6.2.3. By Deployment (Cloud and On-premises)
- 6.2.4. By Industry (Healthcare, Retail & E-Commerce, Logistics and Transportation, Manufacturing, Consumer Electronics, BFSI, Others)
- 6.2.5. By Region (North America, Europe, Asia-Pacific, South America & Middle East & Africa)
- 6.2.6. By Company (2022)
- 6.3. Market Map (By Type, By Technology, By Deployment, By Industry, By Region)
- 7. North America Artificial Intelligence Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Technology
- 7.2.3. By Deployment
- 7.2.4. By Industry
- 7.2.5. By Country
- 7.3. North America: Country Analysis
- 7.3.1. United States Artificial Intelligence Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By Technology
- 7.3.1.2.3. By Deployment
- 7.3.1.2.4. By Industry
- 7.3.2. Canada Artificial Intelligence Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By Technology
- 7.3.2.2.3. By Deployment
- 7.3.2.2.4. By Industry
- 7.3.3. Mexico Artificial Intelligence Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By Technology
- 7.3.3.2.3. By Deployment
- 7.3.3.2.4. By Industry
- 8. Europe Artificial Intelligence Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Technology
- 8.2.3. By Deployment
- 8.2.4. By Industry
- 8.2.5. By Country
- 8.3. Europe: Country Analysis
- 8.3.1. United Kingdom Artificial Intelligence Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Technology
- 8.3.1.2.3. By Deployment
- 8.3.1.2.4. By Industry
- 8.3.2. Germany Artificial Intelligence Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Technology
- 8.3.2.2.3. By Deployment
- 8.3.2.2.4. By Industry
- 8.3.3. France Artificial Intelligence Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Technology
- 8.3.3.2.3. By Deployment
- 8.3.3.2.4. By Industry
- 8.3.4. Italy Artificial Intelligence Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By Technology
- 8.3.4.2.3. By Deployment
- 8.3.4.2.4. By Industry
- 8.3.5. Spain Artificial Intelligence Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By Technology
- 8.3.5.2.3. By Deployment
- 8.3.5.2.4. By Industry
- 9. Asia-Pacific Artificial Intelligence Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Technology
- 9.2.3. By Deployment
- 9.2.4. By Industry
- 9.2.5. By Country
- 9.3. Asia-Pacific: Country Analysis
- 9.3.1. China Artificial Intelligence Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Technology
- 9.3.1.2.3. By Deployment
- 9.3.1.2.4. By Industry
- 9.3.2. Japan Artificial Intelligence Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Technology
- 9.3.2.2.3. By Deployment
- 9.3.2.2.4. By Industry
- 9.3.3. India Artificial Intelligence Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Technology
- 9.3.3.2.3. By Deployment
- 9.3.3.2.4. By Industry
- 9.3.4. South Korea Artificial Intelligence Market Outlook
- 9.3.4.1. Market Size & Forecast
- 9.3.4.1.1. By Value
- 9.3.4.2. Market Share & Forecast
- 9.3.4.2.1. By Type
- 9.3.4.2.2. By Technology
- 9.3.4.2.3. By Deployment
- 9.3.4.2.4. By Industry
- 9.3.5. Singapore Artificial Intelligence Market Outlook
- 9.3.5.1. Market Size & Forecast
- 9.3.5.1.1. By Value
- 9.3.5.2. Market Share & Forecast
- 9.3.5.2.1. By Type
- 9.3.5.2.2. By Technology
- 9.3.5.2.3. By Deployment
- 9.3.5.2.4. By Industry
- 10. South America Artificial Intelligence Market outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Technology
- 10.2.3. By Deployment
- 10.2.4. By Industry
- 10.2.5. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Artificial Intelligence Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Technology
- 10.3.1.2.3. By Deployment
- 10.3.1.2.4. By Industry
- 10.3.2. Argentina Artificial Intelligence Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Technology
- 10.3.2.2.3. By Deployment
- 10.3.2.2.4. By Industry
- 10.3.3. Colombia Artificial Intelligence Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Technology
- 10.3.3.2.3. By Deployment
- 10.3.3.2.4. By Industry
- 11. Middle East & Africa Artificial Intelligence Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Value
- 11.2. Market Share & Forecast
- 11.2.1. By Type
- 11.2.2. By Technology
- 11.2.3. By Deployment
- 11.2.4. By Industry
- 11.2.5. By Country
- 11.3. Middle East & Africa: Country Analysis
- 11.3.1. UAE Artificial Intelligence Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.1.1. By Value
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Type
- 11.3.1.2.2. By Technology
- 11.3.1.2.3. By Deployment
- 11.3.1.2.4. By Industry
- 11.3.2. Saudi Arabia Artificial Intelligence Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.1.1. By Value
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Type
- 11.3.2.2.2. By Technology
- 11.3.2.2.3. By Deployment
- 11.3.2.2.4. By Industry
- 11.3.3. South Africa Artificial Intelligence Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.1.1. By Value
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Type
- 11.3.3.2.2. By Technology
- 11.3.3.2.3. By Deployment
- 11.3.3.2.4. By Industry
- 11.3.4. Qatar Artificial Intelligence Market Outlook
- 11.3.4.1. Market Size & Forecast
- 11.3.4.1.1. By Value
- 11.3.4.2. Market Share & Forecast
- 11.3.4.2.1. By Type
- 11.3.4.2.2. By Technology
- 11.3.4.2.3. By Deployment
- 11.3.4.2.4. By Industry
- 11.3.5. Egypt Artificial Intelligence Market Outlook
- 11.3.5.1. Market Size & Forecast
- 11.3.5.1.1. By Value
- 11.3.5.2. Market Share & Forecast
- 11.3.5.2.1. By Type
- 11.3.5.2.2. By Technology
- 11.3.5.2.3. By Deployment
- 11.3.5.2.4. By Industry
- 12. Market Dynamics
- 12.1. Drivers
- 12.1.1. Proliferation of Next-Generation Computer Architecture
- 12.1.2. Growth in Deep Neural Network
- 12.1.3. Availability of Enormous Amount of Data
- 12.2. Challenges
- 12.2.1. Lack of Data Security
- 13. Market Trends and Developments
- 13.1. Rising Demand for Autonomous Vehicle
- 13.2. Growing Healthcare Industry
- 13.3. Growing Influence of Chatbots
- 13.4. Increase in Number of Connected Devices
- 13.5. Growing Demand from Cyber Security
- 14. Company Profiles
- 14.1. Amazon Web Services
- 14.1.1. Company Overview
- 14.1.2. Service Portfolio
- 14.1.3. Key Matrix & Financials
- 14.1.4. Key Personals
- 14.1.5. Recent Developments/Updates
- 14.2. Google LLC
- 14.2.1. Company Overview
- 14.2.2. Service Portfolio
- 14.2.3. Key Matrix & Financials
- 14.2.4. Key Personals
- 14.2.5. Recent Developments/Updates
- 14.3. IBM Corporation
- 14.3.1. Company Overview
- 14.3.2. Service Portfolio
- 14.3.3. Key Matrix & Financials
- 14.3.4. Key Personals
- 14.3.5. Recent Developments/Updates
- 14.4. Microsoft Corporation
- 14.4.1. Company Overview
- 14.4.2. Service Portfolio
- 14.4.3. Key Matrix & Financials
- 14.4.4. Key Personals
- 14.4.5. Recent Developments/Updates
- 14.5. Nvidia Corporation
- 14.5.1. Company Overview
- 14.5.2. Service Portfolio
- 14.5.3. Key Matrix & Financials
- 14.5.4. Key Personals
- 14.5.5. Recent Developments/Updates
- 14.6. Alibaba Group Holding Ltd
- 14.6.1. Company Overview
- 14.6.2. Service Portfolio
- 14.6.3. Key Matrix & Financials
- 14.6.4. Key Personals
- 14.6.5. Recent Developments/Updates
- 14.7. Intel Corporation
- 14.7.1. Company Overview
- 14.7.2. Service Portfolio
- 14.7.3. Key Matrix & Financials
- 14.7.4. Key Personals
- 14.7.5. Recent Developments/Updates
- 14.8. Salesforce, Inc.
- 14.8.1. Company Overview
- 14.8.2. Service Portfolio
- 14.8.3. Key Matrix & Financials
- 14.8.4. Key Personals
- 14.8.5. Recent Developments/Updates
- 14.9. Oracle Corporation
- 14.9.1. Company Overview
- 14.9.2. Service Portfolio
- 14.9.3. Key Matrix & Financials
- 14.9.4. Key Personals
- 14.9.5. Recent Developments/Updates
- 14.10. SAS Institute Inc.
- 14.10.1. Company Overview
- 14.10.2. Service Portfolio
- 14.10.3. Key Matrix & Financials
- 14.10.4. Key Personals
- 14.10.5. Recent Developments/Updates
- 14.11. Hewlett Packard Enterprise Development LP
- 14.11.1. Company Overview
- 14.11.2. Service Portfolio
- 14.11.3. Key Matrix & Financials
- 14.11.4. Key Personals
- 14.11.5. Recent Developments/Updates
- 14.12. Baidu, Inc.
- 14.12.1. Company Overview
- 14.12.2. Service Portfolio
- 14.12.3. Key Matrix & Financials
- 14.12.4. Key Personals
- 14.12.5. Recent Developments/Updates
- 14.13. Sensely, Inc.
- 14.13.1. Company Overview
- 14.13.2. Service Portfolio
- 14.13.3. Key Matrix & Financials
- 14.13.4. Key Personals
- 14.13.5. Recent Developments/Updates
- 14.14. H2O.ai.
- 14.14.1. Company Overview
- 14.14.2. Service Portfolio
- 14.14.3. Key Matrix & Financials
- 14.14.4. Key Personals
- 14.14.5. Recent Developments/Updates
- 14.15. Samsung Electronics Co., Ltd.
- 14.15.1. Company Overview
- 14.15.2. Service Portfolio
- 14.15.3. Key Matrix & Financials
- 14.15.4. Key Personals
- 14.15.5. Recent Developments/Updates
- 15. Strategic Recommendations
- 16. About Us & Disclaimer
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