Artificial Intelligence Market: By Offering, By Technology, By Deployment Mode, By End User and Geography

Artificial Intelligence Market Size, Share, Growth, Trends, and Global Industry Analysis: By Offering (Hardware, Software, Services), By Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), By Deployment Mode (Cloud, On-premises), By End User (BFSI, Retail and eCommerce, Telecommunication and IT, Healthcare and Life Sciences, Automotive, Government and Defense, Manufacturing) and Region

Artificial Intelligence Market size was valued at US$ 85,643.4 million in 2023 and is expected to grow at a significant CAGR of 34.1% from 2024 to 2030. Digitization in the manufacturing industry, operation of a manufacturing plant, improving defect tracking and forecasting abilities are the drivers which boost the global market. There are few restrain which hamper the market growth which include limited number of artificial intelligence expertise, Minor problems can occur in system failure or a certain system malfunctioning. AI-based algorithm and predictive analytics provide intense of opportunity towards market. It is noticed that the global market has a significant market growth rate on the perspective of strongly coupled digitized system.

AI is changing digital strategies with the ability to gather, evaluate, apply and then learn from information hence it will provide the opportunity to use it to enhance digital marketing campaigns and provide businesses with useful consumer insights. It is suggested that is necessary for future digital goods, especially in the field of digital marketing as 87% of internet users in the U.S. use more than one device when going online are boosting the market growth.

Key Developments

  • In January 2021, Google launched Product Discovery Solutions for retail industry.This suite would enhance the retailers eCommerce capabilities and help them provide enhance customer experience. Product Discovery Solutions for Retail brings together AI algorithms and search service, Cloud Search for Retail, which leverages Google Search technology to power retailers product-finding tools.

Artificial Intelligence Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

34.1%

Largest Market

Asia Pacific

Fastest Growing Market

North America

Artificial Intelligence Market Dynamics

The rising demand for artificial intelligence technology across various induce verticals such as retail, BFSI, healthcare, food and beverages, automotive, and logistics is significantly contributing towards the growth of the global artificial intelligence market.

Artificial Intelligence Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 85,643.4 million

Market CAGR

34.1%

By Offering

  • Hardware
  • Software
  • Services

By Technology

  • Machine Learning
  • Natural Language Processing
  • Context-Aware Computing
  • Computer Vision

By End User

  • BFSI
  • Retail and eCommerce
  • Telecommunication and IT
  • Healthcare and Life Sciences
  • Automotive
  • Government and Defense
  • Manufacturing

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

Key Features of the Report

  • The artificial intelligence market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • The artificial intelligence market report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The artificial intelligence market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The artificial intelligence market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The artificial intelligence market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

The global artificial intelligence market size was valued at US$ 85,643.4 million in 2023 and is anticipated to grow at a CAGR of 34.1% from 2024-2030.

The major players in the global artificial intelligence market are company Intel Corporation (US), Baidu Inc. (China), IBM Corporation (US), Edify ai (US), Microsoft Corporation (US), Alphabet Inc. (US), Samsung Electronics Co., Ltd. (South Korea), Amazon Web Services, Inc. (US), SAS Institute Inc. (US), Facebook, Inc. (US), SAP SE (Germany), Salesforce.com, Inc. (US), NVIDIA Corporation (US), Oracle (US), Cisco (US), Siemens (US)

North America  is the fastest-growing region for artificial intelligence market

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Author

Sravani

Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....

1. Executive Summary
2. Global Artificial Intelligence Market Introduction
2.1. Global Artificial Intelligence Market Taxonomy
2.2. Global Artificial Intelligence Market Definitions
2.2.1. By Offering
2.2.2. By Technology
2.2.3. By Deployment Mode
2.2.4. By End User
2.2.5. By Region
3. Global Artificial Intelligence Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Artificial Intelligence Market Dynamic Factors - Impact Analysis
3.6. Global Artificial Intelligence Market Competition Landscape
4. Global Artificial Intelligence Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Artificial Intelligence Market, By Offering, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1. Hardware
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Software
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Services
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Artificial Intelligence Market, By Technology, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1. Machine Learning
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Natural Language Processing
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Context-Aware Computing
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Computer Vision
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Artificial Intelligence Market, By Deployment Mode, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1. Cloud
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. On-premises
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global Artificial Intelligence Market, By End User, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1. BFSI
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Retail and eCommerce
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Telecommunication and IT
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Healthcare and Life Sciences
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Automotive
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Government and Defense
8.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.6.3. Market Opportunity Analysis
8.7. Manufacturing
8.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.7.3. Market Opportunity Analysis
9. Global Artificial Intelligence Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Artificial Intelligence Market - Opportunity Analysis Index, By Offering, Technology, Artificial Intelligence, End User, and Region, 2024 - 2030
10. North America Artificial Intelligence Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
10.1. Offering Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Hardware
10.1.2. Software
10.1.3. Services
10.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Machine Learning
10.2.2. Natural Language Processing
10.2.3. Context-Aware Computing
10.2.4. Computer Vision
10.3. Deployment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Cloud
10.3.2. On-premises
10.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. BFSI
10.4.2. Retail and eCommerce
10.4.3. Telecommunication and IT
10.4.4. Healthcare and Life Sciences
10.4.5. Automotive
10.4.6. Government and Defense
10.4.7. Manufacturing
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Artificial Intelligence Market - Opportunity Analysis Index, By Offering, Technology, Deployment Mode, End User, and Country, 2024 - 2030
10.7. North America Artificial Intelligence Market Dynamics Trends
11. Europe Artificial Intelligence Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
11.1. Offering Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Hardware
11.1.2. Software
11.1.3. Services
11.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Machine Learning
11.2.2. Natural Language Processing
11.2.3. Context-Aware Computing
11.2.4. Computer Vision
11.3. Deployment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Cloud
11.3.2. On-premises
11.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. BFSI
11.4.2. Retail and eCommerce
11.4.3. Telecommunication and IT
11.4.4. Healthcare and Life Sciences
11.4.5. Automotive
11.4.6. Government and Defense
11.4.7. Manufacturing
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Rest of Europe
11.6. Europe Artificial Intelligence Market - Opportunity Analysis Index, By Offering, Technology, Deployment Mode, End User, and Country, 2024 - 2030
11.7. Europe Artificial Intelligence Market Dynamics Trends
12. Asia-Pacific Artificial Intelligence Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
12.1. Offering Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Hardware
12.1.2. Software
12.1.3. Services
12.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Machine Learning
12.2.2. Natural Language Processing
12.2.3. Context-Aware Computing
12.2.4. Computer Vision
12.3. Deployment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Cloud
12.3.2. On-premises
12.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. BFSI
12.4.2. Retail and eCommerce
12.4.3. Telecommunication and IT
12.4.4. Healthcare and Life Sciences
12.4.5. Automotive
12.4.6. Government and Defense
12.4.7. Manufacturing
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Artificial Intelligence Market - Opportunity Analysis Index, By Offering, Technology, Deployment Mode, End User, and Country, 2024 - 2030
12.7. Asia-Pacific Artificial Intelligence Market Dynamics Trends
13. Latin America Artificial Intelligence Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
13.1. Offering Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Hardware
13.1.2. Software
13.1.3. Services
13.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Machine Learning
13.2.2. Natural Language Processing
13.2.3. Context-Aware Computing
13.2.4. Computer Vision
13.3. Deployment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Cloud
13.3.2. On-premises
13.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. BFSI
13.4.2. Retail and eCommerce
13.4.3. Telecommunication and IT
13.4.4. Healthcare and Life Sciences
13.4.5. Automotive
13.4.6. Government and Defense
13.4.7. Manufacturing
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Artificial Intelligence Market - Opportunity Analysis Index, By Offering, Technology, Deployment Mode, End User, and Country, 2024 - 2030
13.7. Latin America Artificial Intelligence Market Dynamics Trends
14. Middle East and Africa Artificial Intelligence Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
14.1. Offering Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Hardware
14.1.2. Software
14.1.3. Services
14.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Machine Learning
14.2.2. Natural Language Processing
14.2.3. Context-Aware Computing
14.2.4. Computer Vision
14.3. Deployment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Cloud
14.3.2. On-premises
14.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. BFSI
14.4.2. Retail and eCommerce
14.4.3. Telecommunication and IT
14.4.4. Healthcare and Life Sciences
14.4.5. Automotive
14.4.6. Government and Defense
14.4.7. Manufacturing
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Artificial Intelligence Market - Opportunity Analysis Index, By Offering, Technology, Deployment Mode, End User, and Country, 2024 - 2030
14.7. MEA Artificial Intelligence Market Dynamics Trends
15. Competition Landscape
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Intel Corporation (US)
15.2.2. Baidu Inc. (China)
15.2.3. IBM Corporation (US)
15.2.4. Edify ai (US)
15.2.5. Microsoft Corporation (US)
15.2.6. Alphabet Inc. (US)
15.2.7. Samsung Electronics Co., Ltd. (South Korea)
15.2.8. Amazon Web Services, Inc. (US)
15.2.9. SAS Institute Inc. (US)
15.2.10. Facebook, Inc. (US)
15.2.11. SAP SE (Germany)
15.2.12. Salesforce.com, Inc. (US)
15.2.13. NVIDIA Corporation (US)
15.2.14. Oracle (US)
15.2.15. Cisco (US)
15.2.16 Siemens (US)
16. Research Methodology
17. Key Assumptions and Acronyms

Key Market Players

  • Intel Corporation
  • Baidu Inc.
  • IBM Corporation
  • Edify ai
  • Microsoft Corporation
  • Alphabet Inc.
  • Samsung Electronics Co., Ltd.
  • Amazon Web Services, Inc.
  • SAS Institute Inc.
  • Facebook, Inc.
  • SAP SE
  • Salesforce.com, Inc.
  • NVIDIA Corporation
  • Oracle
  • Cisco
  • Siemens

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