Europe Artificial Intelligence Market Scope And Analysis

Report Code : TIPRE00039408
Category : Technology, Media and Telecommunications

Status : Published
No. of Pages : 119

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Europe Artificial Intelligence Market - Scope by 2031

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Europe Artificial Intelligence Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 42.64 Billion
Market Size by 2031	US$ 545.48 Billion
Global CAGR (2023 - 2031)	37.5%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Component Software Hardware Services By Organization Size Large Enterprises SMEs By Industry Vertical IT and Telecom BFSI Healthcare Manufacturing Retail and E-Commerce Automotive
Regions and Countries Covered	Europe Germany France UK Italy Spain and Rest of Europe
Market leaders and key company profiles	Accenture Plc Advanced Micro Devices Inc Google LLC International Business Machines Corp Intel Corp Microsoft Corp NVIDIA Corp Amazon Web Services Inc SAP SE and SAS Institute Inc

Europe Artificial Intelligence Market News and Recent Developments

The Europe artificial intelligence market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Europe artificial intelligence market are listed below:

IBM entered into a collaboration Janes with an aim to integrate open-source defense and security intelligence data into a trusted AI and data platform—IBM's watsonx. This collaboration will build the foundation to enable defense leaders' access to high-quality data infused with trusted AI to improve their decision-making by integrating the IBM watsonx AI and data platform utilizing an IBM Granite model with a Retrieval-Augmented Generation (RAG) pattern with Janes data.

(Source: IBM, Press Release, December 2023)

Google LLC launched Gemini Advanced—the latest updates to its Gemini AI assistant, including its new agentic feature named Deep Research—along with access to try Gemini 2.0 Flash, its latest experimental model.

(Source: Google LLC, Press Release, December 2024)

Accenture and NVIDIA announced the expansion of their partnership to help the world's enterprises rapidly scale their AI adoption. With generative AI demand driving $3 billion in Accenture bookings in its recently closed fiscal year, the new group will help clients lay the foundation for agentic AI functionality using Accenture's AI Refinery, which uses the full NVIDIA AI stack—including NVIDIA AI Foundry, NVIDIA AI Enterprise, and NVIDIA Omniverse—to advance areas such as process reinvention, AI-powered simulation, and sovereign AI.

(Source: Accenture, Press Release, October 2024)

Europe Artificial Intelligence Market Report Coverage and Deliverables

The "Europe Artificial Intelligence Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:

Europe artificial intelligence market size and forecast at regional and country levels for all the key market segments covered under the scope
Europe artificial intelligence market trends as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST and SWOT analysis
Europe artificial intelligence market analysis covering key market trends, regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Europe artificial intelligence market
Detailed company profiles