Global Artificial Intelligence (AI) Market  Industry Outlook, Size, Growth Factors and Forecast 2029

Posted December 14, 2022 by SANDHYARANI

necessity for organizations to comprehend and analyze visual material to acquire relevant insights is likely to drive the use of artificial intelligence software.
Artificial Intelligence Market is expected to be 35% during the forecast period and the market size is expected to reach nearly US$ 44.13 Bn by 2027.

Artificial Intelligence Market Overview:

For the global industry’s Artificial Intelligence market analysis, a research team did thorough primary and secondary research. Secondary research was carried out to enhance the existing data, segment the market, estimate overall market size, predict the market size, and growth rate.

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Market Scope:

Several methods for determining market value and market growth rate have been developed. Maximize research crew gathered market information and data from a variety of sources to present a more accurate regional view. The country-level analysis of the study is based on an examination of numerous regional stakeholders, regional tax laws and policies, consumer behavior, and macroeconomic data.

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By Solution, the software segment dominated the AI market in 2021 with total shares of 37.3%. The growth can be ascribed to advancements in information storage capacity, high computing power, and parallel processing capabilities to provide high-end services. Also, the capacity to collect data, give real-time insights, and enhance decision-making has positioned it to grab the majority of the market. Libraries for creating and implementing AI systems, including primitives, linear algebra, inference, sparse matrices, video analytics, and numerous hardware connection capabilities, are included in artificial intelligence software packages. Over the forecast period, the necessity for organizations to comprehend and analyze visual material to acquire relevant insights is likely to drive the use of artificial intelligence software.

Key Players:

• Advanced Micro Devices
• AiCure
• Arm Limited
• Atomwise, Inc.
• Ayasdi AI LLC
• Baidu, Inc.
• Clarifai, Inc
• Cyrcadia Health
• Strapex Group

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Regional Analysis:

A country-level study of the Artificial Intelligence Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Artificial Intelligence Market study.

COVID-19 Impact Analysis on Artificial Intelligence Market:

The study investigates macroeconomic data, market trends, underlying variables, and market attractiveness by segment. COVID-19 (Corona Virus) has an influence on the product industry chain, encompassing upstream and downstream markets, regions, and nations, as well as the future growth of the industry.

Key Questions Answered in the Artificial Intelligence Market Report are:

Which are the major players in the Artificial Intelligence market?
What key trends are likely to emerge in the Artificial Intelligence market in the coming years?
What will be the Artificial Intelligence market size by 2027?
Which company held the largest share in the Artificial Intelligence market?
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Issued By sandhayrani
Country India
Categories Marketing , Media , Research
Tags global artificial intelligence ai market
Last Updated December 14, 2022