Global Artificial Intelligence (AI) Market: was estimated to be USD 63.21 Bn. in 2021, and is expected to reach USD 404.14 Bn. by 2029, registering a CAGR of 26.1%, during the period of 2022-2029
Global Artificial Intelligence (AI) Market Overview:
The Global Artificial Intelligence (AI) Market Analysis” is a thorough examination of the Global Artificial Intelligence (AI) market, with an emphasis on global market trends and analysis. This research aims to give an overview of the Global Artificial Intelligence (AI) industry as well as a complete market analysis by segment and geography. The Global Artificial Intelligence (AI) market is predicted to grow significantly over the forecast period. The report includes vital information on the market positions of the major Global Artificial Intelligence (AI) companies, as well as notable industry trends and prospects.
Global Artificial Intelligence (AI) Market Dynamic:
The growth of predictive analytics solutions that works on AI-based machine learning technology will drive the market for Artificial Intelligence in the forecast period. Different end-user companies across the globe are utilizing predictive modeling for planning and growth in their respective industries. The insurance industry has been one of the significant adopters of predictive analytics solutions.
The solutions create several opportunities for improving vital factors such as services and satisfaction. For instance, in March 2021, the Guardian Life insurance Company of America (Guardian Life) announced a joint venture with AI and predictive analytics company at Atidot. The partnership is focused on creating a platform that deploys AI and ML to power data-driven decision-making that assists in making insurance products and services more accessible for consumers to understand and buy.
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Market Scope:
The research contains a PESTLE analysis to examine the strengths and weaknesses of the market’s top players. The research explores the Global Artificial Intelligence (AI) Market size, share, trends, total earnings, gross revenue, and profit margin in-depth in order to forecast the market and provide investors with expert insights to keep them up to date on market changes.
The study also includes company biographies, product photographs and specifications, capacity, production, price, cost, revenue, and contact information for the leading industry players in the Global Global Artificial Intelligence (AI) market. This research looks into market trends, volume, and value on a global, regional, and corporate scale. This study examines the whole Global Artificial Intelligence (AI) Market Size from a worldwide standpoint, evaluating historical data and generating estimates.
Global Artificial Intelligence (AI) Market Segmentation:
Based on component, the Artificial Intelligence (AI) Market is segmented into Software & Services, and Hardware. The software & Service segment is leading the market during the forecast period. AI techniques are increasingly being integrated into various technology solutions, including fraud detection, and digital assistants (bots), among others. The growth of big data, flexible cloud platforms, the expansion of global commerce, and changes in the regulatory landscape are the factors driving opportunities for artificial intelligence solutions in the Fintech sector.
Global Artificial Intelligence (AI) Market Key Players:
• IBM Corporation
• Intel Corporation
• Microsoft Corporation
• Google LLC
• Amazon Web Services Inc.
• Oracle Corporation
• Salesforce.com Inc.
• SAP SE
• SAS Institute Inc.
• Cisco Systems Inc.
• Siemens SE
• NVIDIA Corporation
• Zebra Medical Vision Inc.
Primary and secondary research finds major market participants, whereas primary and secondary research estimates their market revenues. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a study of the major manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then cross-checked against primary data. The following is a list of a few firms involved in the Global Artificial Intelligence (AI) industry.
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Regional Analysis:
The Global Artificial Intelligence (AI) study delves into the geographic analysis, which is further subdivided into sub-regions and nations. This portion of the research includes profit estimates as well as market share data for each nation. This section of the research goes through each region’s and country’s share and growth rate during the projected time period.
After examining political, economic, social, and technological aspects impacting the Global Artificial Intelligence (AI) market in various areas, the research delivers a definitive PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
COVID-19 Impact Analysis on Global Artificial Intelligence (AI) Market:
Customer behavior has changed as a result of the COVID-19 epidemic across all areas of society. Industries, on the other hand, will need to revise their strategy to account for changing market supply. This report provides an overview of the COVID-19’s influence on the Global Artificial Intelligence (AI) market and will assist you in developing your business in accordance with the new industry standards.
Under the COVID-19 Impact section, the Global Artificial Intelligence (AI) Market Report offers 360-degree research ranging from the flexible supply chain and import limitations to provincial government policies and the firm’s future impact. Primary market research (2021-2027), instances of venture rivalry, benefits and drawbacks of large company streams, and industry growth trends (2021-2027) have all been given.
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Key Questions Answered in the Global Artificial Intelligence (AI) Market Report are:
- How big is the market for Global Artificial Intelligence (AI)?
- Which regional market will emerge as the market leader in the next years?
- Which application category is expected to develop the fastest?
- What opportunities for growth may exist in the Global Artificial Intelligence (AI) industry in the next years?
- What are the most significant future challenges that the Global Artificial Intelligence (AI) market may face?
- Who are the market leaders in the Global Artificial Intelligence (AI) category?
- What are the main trends that are influencing market growth?
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