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

MARKET OVERVIEW

The continuous research and innovation directed by the tech giants are driving the adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing. However, technology has always been an essential element for these industries, but Artificial Intelligence (AI) has brought technology to the center of organizations.

MARKET SCOPE

The "Global Artificial Intelligence Software Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the artificial intelligence software market with detailed market segmentation by technology, end user and geography. The report provides key statistics on the market status of the leading artificial intelligence software market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on technology, the global artificial intelligence software market is segmented into natural language processing (NLP), computer vision, machine learning
  
•   On the basis of end user, the market is segmented into automotive, BFSI, IT and telecom, media and entertainment, healthcare, retail, manufacturing, government, others
  

MARKET DYNAMICS

Drivers:

•   Growth of data-based AI and advancement in deep learning.
  
•   Need to achieve robotic autonomy to stay competitive in a global market.
  

Restraints

•   Limited number of AI experts
  

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 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), the Middle East and Africa (MEA), and South America. The artificial intelligence software 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 the market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 America after evaluating political, economic, social and technological factors affecting the artificial intelligence software market in these regions.

IMPACT OF COVID-19 ON ARTIFICIAL INTELLIGENCE SOFTWARE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the artificial intelligence software 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from artificial intelligence software market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the artificial intelligence software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Alphabet Inc.
  
•   Cisco Systems Inc.
  
•   IBM Corporation
  
•   Intel Corporation
  
•   IPsoft Inc.
  
•   Microsoft Corporation
  
•   NVIDIA Corporation
  
•   Oracle Corporation
  
•   Siemens AG
  
•   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 Software Report Scope