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Artificial Intelligence (AI) - Global Market Trajectory & Analytics

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    Report

  • 1908 Pages
  • March 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1056044

FEATURED COMPANIES

  • AIBrain, Inc.
  • Cisco Systems, Inc.
  • Google, Inc.
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE

Global Artificial Intelligence (AI) Market to Reach US$341.4 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Artificial Intelligence (AI) estimated at US$46.9 Billion in the year 2020, is projected to reach a revised size of US$341.4 Billion by 2027, growing at a CAGR of 32.8% over the analysis period 2020-2027. Services, one of the segments analyzed in the report, is projected to grow at a 32.6% CAGR to reach US$142.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 30.4% CAGR for the next 7-year period. This segment currently accounts for a 37.9% share of the global Artificial Intelligence (AI) market.



The U.S. Accounts for Over 41.2% of Global Market Size in 2020, While China is Forecast to Grow at a 39.1% CAGR for the Period of 2020-2027


The Artificial Intelligence (AI) market in the U.S. is estimated at US$19.3 Billion in the year 2020. The country currently accounts for a 41.22% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$64.7 Billion in the year 2027 trailing a CAGR of 39.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 27.6% and 29% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 31.2% CAGR while Rest of European market (as defined in the study) will reach US$64.7 Billion by the year 2027.

Hardware Segment Corners a 19.9% Share in 2020


In the global Hardware segment, USA, Canada, Japan, China and Europe will drive the 36.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.7 Billion in the year 2020 will reach a projected size of US$68.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$46.7 Billion by the year 2027.

Select Competitors (Total 865 Featured) -

  • AIBrain, Inc.
  • Advanced Micro Devices, Inc.
  • Amazon Web Services
  • Baidu, Inc.
  • Cisco Systems, Inc.
  • eGain Corporation
  • General Electric Company
  • Google, Inc.
  • Intel Corporation
  • International Business Machines Corporation (IBM)
  • Meta (Facebook company is now Meta)
  • Micron Technology, Inc.
  • Microsoft Corporation
  • Nippon Telegraph and Telephone Corporation
  • Nuance Communications, Inc.
  • NVIDIA Corporation
  • Omron Corporation
  • Oracle Corporation
  • Rockwell Automation, Inc.
  • Salesforce.com, inc.
  • Samsung Electronics Co., Ltd.
  • SAP SE
  • SAS Institute Inc.
  • Siemens AG

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the publisher's digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Artificial Intelligence (AI)

What is the estimated value of the Global Market for Artificial Intelligence (AI)?

The Global Market for Artificial Intelligence (AI) was estimated to be valued at $46.9 Billion in 2020.

What is the growth rate of the Global Market for Artificial Intelligence (AI)?

The growth rate of the Global Market for Artificial Intelligence (AI) is 32.8%, with an estimated value of $341.4 Billion by 2027.

What is the forecasted size of the Global Market for Artificial Intelligence (AI)?

The Global Market for Artificial Intelligence (AI) is estimated to be worth $341.4 Billion by 2027.

Who are the key companies in the Global Market for Artificial Intelligence (AI)?

Key companies in the Global Market for Artificial Intelligence (AI) include AIBrain, Inc., Amazon Web Services, Baidu, Inc., Cisco Systems, Inc., CloudMinds, eGain Corporation, Facebook, Inc., General Electric Company and Intel Corporation.

FEATURED COMPANIES

  • AIBrain, Inc.
  • Cisco Systems, Inc.
  • Google, Inc.
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • With IMF Making an Upward Revision of Global GDP for 2022, Companies Remain Bullish About an Economic Comeback
  • EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Artificial Intelligence Gains Significant Interest as Industries Expedite Digital Transformation Strategies
  • A Peek into Application of AI in War Against the Pandemic
  • Machine Learning Benefits Healthcare Organizations
  • COVID-19-Led Budgetary Reticence Dampens Spending, but AI Enjoys Resilient Interest in Banking Sector
  • Retailers Rely on AI to Stay Afloat & Embrace New Normal
  • Emphasis on Technology Adoption Elicits AI Implementation in Manufacturing Industry
  • Competition
  • AI Marketplace Characterized by Intense Competition
  • EXHIBIT 2: Artificial Intelligence (AI) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Growing Focus on AI by Leading Tech Companies with Huge Financial Resources
  • AI Presents Compelling Opportunities for Established & Startup Companies
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 300 Players Worldwide in 2022 (E)
  • Funding Landscape Remains Vibrant in the AI Technology Space
  • EXHIBIT 3: Global AI Investment (in US$ Billion) for the Years 2015 through 2021
  • EXHIBIT 4: Distribution of Global Investment in AI by Region/Country: 2021
  • EXHIBIT 5: Number of AI Startups with $1 Billion Valuations for the Years 2014-2020
  • EXHIBIT 6: AI Cumulative Funding (in US$ Billion) by Category (As of 2020)
  • AI Applications and Major Startups
  • Artificial Intelligence (AI): A Prelude
  • Technologies Enabling AI
  • Market Outlook
  • Prominent Factors with Implications for Evolution & Future of Artificial Intelligence
  • Advances in Real World AI Applications Bolster Growth
  • Inherent Advantages of AI Technology to Accelerate Adoption in Varied Applications
  • Banking Sector Shows Unwavering Interest in AI
  • AI Reshapes the Future of Manufacturing Industry
  • AI-based Services Segment Captures Major Share of Global AI Market
  • Developed Markets Dominate, Asia-Pacific to Spearhead Future Growth
  • Deep Learning and Digital Assistant Technologies Present Significant Growth Potential
  • Major Challenges Faced in AI Implementation
  • World Brands
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Accelerating Pace of Digital Transformation to Benefit Demand for AI
  • EXHIBIT 7: Digital Transformation by Industry: 2020
  • EXHIBIT 8: Industry Adoption of Artificial Intelligence (AI) by Function: 2020
  • Noteworthy Technological Trends to Watch-for in Artificial Intelligence Space
  • Machine Learning and AI-Assisted Platforms Personalize Customer Experiences in Marketing Applications
  • EXHIBIT 9: Ranking of Business Outcomes Realized through AI Application in Marketing
  • Businesses to Gain from Application of AI in Predictive Marketing Analytics and Demand Forecasting
  • Growing Role of AI in the Metaverse
  • AI Hosting at Edge to Drive Growth
  • EXHIBIT 10: Global Edge Computing Market in US$ Billion: 2020, 2024, and 2026
  • AI-enabled Analysis and Forecasts Aid Organizations Make Profitable Decisions
  • AI-Powered Biometric Security Solutions Gain Momentum
  • EXHIBIT 11: Global Biometrics Market in US$ Billion: 2016, 2020, and 2025
  • New and Improved Concepts in ML and AI take Stage
  • IIoT & AI Convergence Brings in Improved Efficiencies
  • EXHIBIT 12: Global Breakdown of Investments in Manufacturing IoT (in US$ Billion) for the Years 2016, 2018, 2020 and 2025
  • EXHIBIT 13: Industry 4.0 Technologies with Strongest Impact on Organizations: 2020
  • Increasing Adoption of AI Technology to Boost AI Chipsets Market
  • Combination of Robotics and AI Set to Cause Significant Disruption in Various Industries
  • AI Innovations Widen Prospects
  • Blockchain & Artificial Intelligence (AI): A Powerful Combination
  • Big Data Trends to Shape Future of Artificial Intelligence
  • AI in Retail Market: Multi-Channel Retailing and e-Commerce Favor Segment Growth
  • EXHIBIT 14: Digital Transformation in Retail Industry Promises Lucrative Growth Opportunities: Global Retail IT Spending (In US$ Billion) for the Years 2018, 2020, 2022 & 2024
  • AI for a Competitive Edge for Retail Organizations
  • Online Retailers Eye on Artificial Intelligence to Boost Business in Post-COVID-19 Era
  • AI & Analytics Help Retailers Survive Economic & Operational Implications of COVID-19
  • AI for Fashion Retail and Beauty
  • AI for Grocery, Electronics, and Home & Furniture
  • Ecommerce Attracts Strong Growth
  • Detailed Insight into How e-commerce Makes use of AI
  • EXHIBIT 15: Global B2C e-Commerce Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • EXHIBIT 16: Retail M-Commerce Sales as % of Retail E-commerce Sales Worldwide for the Years 2016, 2018, 2020 & 2022
  • Financial Sector: AI and Machine Learning Offer Numerous Gains
  • Fintech Deploys AI to Target Millennials
  • AI in Media & Advertising: Targeting Customers with Right Marketing Content
  • Possibilities Galore for AI in Digital Marketing
  • AI-Enabled CRM Market: Promising Growth Opportunities in Store
  • Artificial Intelligence Set to Transform Delivery of Healthcare Services
  • AI to Play a Significant Role in Automation and Improving Clinical Outcomes
  • EXHIBIT 17: Global Healthcare AI Market - Percentage Breakdown by Application for 2020
  • AI in Pharmaceutical Sector
  • COVID-19 Spurs New Developments and Expedites AI Adoption in Healthcare Industry
  • Artificial Intelligence Holds Potential to Accelerate Detection & Treatment of COVID-19
  • Rising Prevalence of Diabetes to Drive AI Adoption in Diabetes Management Market
  • EXHIBIT 18: World Diabetes Prevalence (2000-2045P)
  • Barriers Restraining AI Adoption in Healthcare Sector
  • Automotive AI Market: Need to Enhance Customer Experience Propels Growth
  • EXHIBIT 19: Automotive AI Market By Segment
  • Demand Recovery in Automobile Sector Steers Growth Opportunities
  • EXHIBIT 20: World Automobile Production in Million Units: 2008-2022
  • Increasing Focus on Electric Vehicles and Autonomous Vehicles Provide the Perfect Platform to Shape Future Growth
  • EXHIBIT 21: Global Autonomous Vehicle Sales (In Million) for Years 2020, 2025 & 2030
  • Automakers Focus on Integrating AI-Powered Driver Assist Features in Vehicles
  • AI to Enhance Connectivity, Provide Infotainment and Enhance Safety in Vehicles
  • AI for Smart Insurance Risk Assessment of Vehicles
  • Artificial Intelligence Steps into Manufacturing Space to Transform Diverse Aspects
  • Industrial AI to Influence Manufacturing in a Major Way
  • Industrial IoT, Robotics and Big Data to Stimulate AI Implementations
  • EXHIBIT 22: Global Investments on Industry 4.0 Technologies (in US$ Billion) for the Years 2017, 2020, & 2023
  • EXHIBIT 23: Global Predictive Maintenance by Market in US$ Billion for Years 2020, 2022, 2024, and 2026
  • AI as a Service Market: Obviating the Need to Make Huge Initial Investments
  • AI in Education Market to Exhibit Strong Growth
  • EXHIBIT 24: Global Market for AI in Healthcare Sector (2019): Percentage Breakdown of Revenues by End-Use - Higher Education and K-12 Sectors
  • Focus on ITS, IAL and Chatbots Favors Market Growth
  • Agriculture Sector: A Promising Market for AI Implementations
  • AI Technologies Used in Agricultural Activities - A Review
  • AI Poised to Create Smarter Agriculture Practices in Post-COVID-19 Period
  • Food & Beverage Industry to Leverage AI Capabilities to Resolve Production Issues and Match Up to Customer Expectations
  • AI Adoption Gains Acceptance in Modern Warfare Systems in the Defense Sector
  • Energy & Utilities: Complex Landscape and High Risk of Malfunctions Enhances Need for AI-based Systems
  • COVID-19 Raises Demand for AI Technologies in Oil & Gas Sector
  • EXHIBIT 25: Top Technology Investments in Oil and Gas Sector: 2020
  • AI in Construction Sector: Need for Cost Reduction and Safety at Construction Sites Drive Focus onto the Use of AI-based Solutions

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Artificial Intelligence (AI) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Artificial Intelligence Market: An Overview
  • Healthcare: A Promising Application Market for AI Technology
  • Funding for AI Startups Continues to Grow
  • EXHIBIT 26: Top Funded AI Startups in the US: 2021
  • Market Analytics

CANADA

  • Market Overview
  • Top-Tier Canadian Cities Primed for AI Growth
  • Market Analytics

JAPAN

  • Artificial Intelligence (AI) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Analytics

CHINA

  • Artificial Intelligence (AI) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • China Continues Investments in AI Startups
  • EXHIBIT 27: Chinese AI Market: Funding for AI Startups (in $ Billion): 2016-2020
  • EXHIBIT 28: Number of New AI Startups in China: 2015-2020
  • Market Analytics

EUROPE

  • Artificial Intelligence (AI) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • EU Aims at Improving Competitiveness in Global AI Market
  • Key Milestones in European Commission’s AI Strategy
  • Market Analytics

FRANCE


GERMANY


ITALY


UNITED KINGDOM


SPAIN


RUSSIA


REST OF EUROPE


ASIA-PACIFIC

INDIA

  • Artificial Intelligence (AI) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview
  • Market Analytics

SOUTH KOREA

  • Market Overview
  • Market Analytics

REST OF ASIA-PACIFIC

REST OF WORLD

  • Market Overview
  • Market Analytics

IV. COMPETITION

  • Total Companies Profiled: 865

A selection of companies mentioned in this report includes:

  • AIBrain, Inc.
  • Advanced Micro Devices, Inc.
  • Amazon Web Services
  • Baidu, Inc.
  • Cisco Systems, Inc.
  • eGain Corporation
  • General Electric Company
  • Google, Inc.
  • Intel Corporation
  • International Business Machines Corporation (IBM)
  • Meta (Facebook company is now Meta)
  • Micron Technology, Inc.
  • Microsoft Corporation
  • Nippon Telegraph and Telephone Corporation
  • Nuance Communications, Inc.
  • NVIDIA Corporation
  • Omron Corporation
  • Oracle Corporation
  • Rockwell Automation, Inc.
  • Salesforce.com, inc.
  • Samsung Electronics Co., Ltd.
  • SAP SE
  • SAS Institute Inc.
  • Siemens AG