The Business Research Company’s Artificial Intelligence (AI) Engineering Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Artificial Intelligence (AI) Engineering Global Market Report 2023 evaluates artificial intelligence (ai) engineering market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global artificial intelligence (AI) engineering market is expected to grow from $8.28 billion in 2022 to $11.49 billion in 2023 at a compound annual growth rate (CAGR) of 38.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The artificial intelligence (AI) engineering market is expected to reach $42.3 billion in 2027, at a CAGR of 38.5%.
The rapid adoption of automation is expected to propel the growth of the artificial intelligence (AI) engineering market going forward. Automation refers to developing and using technology to manufacture and distribute goods and services with little human assistance. Automation in the AI engineering sector speeds up development, improves productivity, and streamlines procedures, resulting in the broad adoption of AI technology across various sectors. For instance, in February 2022, according to the International Federation of Robotics, a Germany-based non-profit organization, 23,000 industrial robots will be operating in UK factories in 2021, an increase of 6% from 2021. Further, sales of new robots were up by 8% to 2,205 units in 2020. Furthermore, in April 2021, according to Eurostat, a Luxembourg-based statistical office of the European Union, Denmark, and Finland reported having the highest percentage of businesses adopting artificial intelligence in 2021, with 24% Denmark and 16 % Finland, up from Finland (12%) and Denmark (11%) in 2020. Therefore, the rapid adoption of automation drives the artificial intelligence (AI) market.
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The artificial intelligence (ai) engineering market segments in the report are:
1) By Solution: Hardware, Software, Services
2) By Technology: Deep Learning, Machine Learning, Natural Language Processing, Computer Vision
3) By Deployment: On-Cloud, On-Premise
4) By End-User: Healthcare, Automotive And Transportation, Agriculture, Information Technology (IT), Business Management, Other End-Users
The table of contents in TBRC’s artificial intelligence (ai) engineering market report includes:
1. Executive Summary
2. Artificial Intelligence (AI) Engineering Market Characteristics
3. Artificial Intelligence (AI) Engineering Market Trends And Strategies
4. Artificial Intelligence (AI) Engineering Market – Macro Economic Scenario
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32. Global Artificial Intelligence (AI) Engineering Market Competitive Benchmarking
33. Global Artificial Intelligence (AI) Engineering Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence (AI) Engineering Market
35. Artificial Intelligence (AI) Engineering Market Future Outlook and Potential Analysis
36. Appendix
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