Artificial Intelligence Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Artificial intelligence or machine intelligence refers to the simulation of human intelligence in machines programmed to think like humans or mimic their actions. The technology is being exploited in numerous applications across multiple industries. Additionally, with the growth of big data and analytics, the technology becomes much more useful. The manufacturing segment is likely to grow at a considerable rate during the forecast period. New developments and innovations by the key players are expected to drive the market growth further.

MARKET DYNAMICS

The artificial intelligence market is anticipated to grow in the forecast period owing to driving factors such as developments in the field of big data and demand for intelligent virtual assistants. Also, growing adoption of cloud-based applications and services is expected to fuel the market growth. However, lack of skilled workforce may hinder the growth of the artificial intelligence market. Nonetheless, exploitation of AI for improving operational efficiency in manufacturing industry offers significant growth prospects for the key players operating in the target market.

MARKET SCOPE

The "Global Artificial Intelligence Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of artificial intelligence market with detailed market segmentation by component, technology, industry vertical, and geography. The global artificial intelligence market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading artificial intelligence market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global artificial intelligence market is segmented on the basis of component, technology, and industry vertical. Based on component, the market is segmented as hardware, software, and services. On the basis of the technology, the market is segmented as computer vision, machine learning, natural language processing, and others. The market on the basis of the industry vertical is classified as automotive, healthcare, manufacturing, retail, BFSI, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global artificial intelligence market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The artificial intelligence market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting artificial intelligence market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the artificial intelligence market in these regions.

MARKET PLAYERS

The reports cover key developments in the artificial intelligence market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from artificial intelligence market are anticipated to lucrative growth opportunities in the future with the rising demand for artificial intelligence in the global market. Below mentioned is the list of few companies engaged in the artificial intelligence market.

The report also includes the profiles of key artificial intelligence companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

- Cisco Systems, Inc.
- Google LLC
- IBM Corporation
- Intel Corporation
- Micron Technology, Inc.
- Microsoft Corporation
- NVIDIA Corporation
- SAP SE
- SAS Institute Inc.
- Xilinx, Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Artificial Intelligence Report Scope