Artificial Intelligence Market was valued at US$ 92.8 Bn. in 2021 and the total Artificial Intelligence revenue is expected to grow at 25.4% from 2022 to 2029, reaching nearly US$ 567.45 Bn.


Artificial Intelligence Market Overview:

The Artificial Intelligence market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Artificial Intelligence Market, as well as the reasons for variations in the industry's growth between regions.

Market Scope:

Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.

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Segmentation:

Artificial intelligence (AI) is often considered the driving force behind modern innovation. Artificial intelligence has an influence on society as a whole, whether in the private, public, or commercial spheres. There are high hopes for the application of artificial intelligence, given the wide range of sectors where it is now being used or may be used, as well as the present attention on it in the political realm, the scientific community, and consumer circles. Aside from the technological challenges raised by AI, it also raises concerns about data sovereignty, the future of labour, and ethical usage, to mention a few.

A bottom-up approach has been used to estimate the market size. Key Players in the Artificial Intelligence market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included a review of annual and financial reports of leading manufacturers, while primary research included interviews with important opinion leaders and industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. Some of the leading key players in the global Artificial Intelligence market include Advanced Micro Devices, AiCure, Arm Limited and Atomwise, Inc. They are continuously strategizing on mergers and acquisitions, strategic alliances, joint ventures and partnerships for the growth of their market shares.


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Key Players:

Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. 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 review 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 verified against primary data.

. The biggest players in the Artificial Intelligence market are as follows:

• Advanced Micro Devices
• AiCure
• Arm Limited
• Atomwise, Inc.
• Ayasdi AI LLC
• Baidu, Inc.
• Clarifai, Inc
• Cyrcadia Health
• Enlitic, Inc.
• Google LLC
• H2O.ai.

Regional Analysis:

Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Artificial Intelligence market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.

COVID-19 Impact Analysis on Artificial Intelligence Market:

Due to a break in operations, end-user sectors where Artificial Intelligence are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Artificial Intelligence manufacturers, impacting the growth of the Artificial Intelligence market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Artificial Intelligence.

Key Questions Answered in the Artificial Intelligence Market Report are:

In 2021, which segment owned the greatest share of the Artificial Intelligence market?
What is the competitive landscape of the Artificial Intelligence market?
What are the key factors influencing Artificial Intelligence market growth?
In the Artificial Intelligence market, which region has the most market share?
What will be the CAGR of the Artificial Intelligence market over the forecast period (2022-2027)?