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Artificial Intelligence Market, Global Forecast, Impact of COVID-19, Industry Trends, by Solution, Technology, Region, Opportunity Company Analysis

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    Report

  • 140 Pages
  • September 2021
  • Region: Global
  • Renub Research
  • ID: 5447666
Today, artificial intelligence platform has become a way for computer systems to perform tasks like human intelligence including decision-making and speech recognition. Globally, problem-solving, social intelligence and general intelligence is being achieved with the help of the artificial intelligence platform. Moreover, rising high-level computer languages is helping various industries to work efficiently on the artificial intelligence platform. According to the publisher, Global Artificial Intelligence Market will be US$ 284.40 Billion by 2026.



By Solution


Artificial Intelligence Market revolves around hardware, software and services. In recent years, artificial intelligence services are at the forefront of all innovations and will continue to remain so during the forecast years. Artificial intelligence services cover installation, integration, maintenance & support projects. With the escalating abundance of enterprises and competition, companies have rigorously integrated artificial intelligence (AI) technology into their services. For instance, the BFSI industry has increasingly adopted artificial intelligence services to enhance operational efficiency and enable a rich consumer experience.

Besides, software solutions promise advancements in information storage capacity, high computing power, and parallel processing capabilities to achieve high-end artificial intelligence software in dynamic end-use verticals. Notwithstanding, artificial intelligence software solutions include libraries for designing and deploying artificial intelligence applications, such as linear algebra, primitives, inference, video analytics, sparse matrices, and multiple hardware communication capabilities. As per the analysis, Global Artificial Intelligence Industry is anticipated to expand at a tremendous CAGR of 29.44% during the forecast period 2020-2026.

By Chip Type


Artificial intelligence includes chipsets such as Graphics Processing Unit (GPU), Application-Specific Integrated Circuit (ASIC), Field-Programmable Gate Array (FPGA) and Central Processing Unit (CPU). An application-specific integrated circuit (ASIC) dominates the artificial intelligence chip segment, specially built for a specific application or purpose. It is specifically designed for a particular application compared to a logic device or a standard logic integrated circuit. It has also been made smaller, and it uses less electricity.

The artificial intelligence market inculcates machine learning, natural language processing, image processing, and speech recognition by technology. Machine learning covers notable investments in artificial intelligence. It covers both artificial intelligence platforms and cognitive applications, including tagging, clustering, categorization, hypothesis generation, alerting, filtering, navigation, visualization, facilitating advisory, intelligent, and cognitively equipped solutions. As per the estimation, Worldwide Artificial Intelligence Market Size was US$ 60.46 Billion in 2020.

Geographic Analysis of Artificial Intelligence Trends


The worldwide artificial intelligence market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. North America is a significant contributor owing to rising government initiatives and investments in the market. Further, in the Asia Pacific, China demonstrates increasing investments in artificial intelligence technology to provide robust results. Likewise, India can gain traction due to the government's pilot project to implement artificial intelligence in the agriculture and healthcare industries. The rest of Asia Pacific countries like Bangladesh, Vietnam, and Indonesia are also expected to grow at a good pace.

Company Analysis


Globally, artificial intelligence vendors have implemented various types of organic and inorganic growth strategies, such as new product launches, product upgrades, alliances and affiliations, mergers and acquisitions to strengthen their offerings in the market. The major companies in the global Artificial Intelligence market include Google Inc., IBM Corp., Microsoft Corporation, Baidu Inc., Xilinx, Inc., Cisco Systems, Inc., Nvidia Corporation and Intel Corporation.

COVID-19 Analysis


Although the novel coronavirus outbreak pandemic has caused a massive impact on businesses and humankind. Still, the pandemic has emerged as an opportunity for Artificial Intelligence Market to fight against the epidemic. Numerous tech giants and start-ups are operating on barring mitigating and containing the virus. Furthermore, the COVID-19 outbreak is foreseen to spur the market germination of next-generation tech domains, including artificial intelligence, owing to the mandated work-from-home (WFH) policy due to this pandemic.

Also, tech companies are extending their product offerings and assistance to broaden availability across the globe. For instance, in April 2020, Google LLC launched an AI-enabled chatbot called Rapid Response Virtual Agent concerning call centres. This chatbot is created to respond to concerns customers might be experiencing due to the COVID-19 outbreak over voice, chat, and other social channels.

This latest report “Artificial Intelligence Market, Global Forecast By Solution (Hardware, Software and Services), Technology (Machine Learning, Image Processing, Natural Language Processing and Speech Recognition), Chip Type (Graphics Processing Unit (GPU), Application Specific Integrated Circuit (ASIC), Field-Programmable Gate Array (FPGA), Central Processing Unit (CPU), Others), Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Companies (Google Inc., IBM Corp., Microsoft Corporation, Baidu Inc., Xilinx, Inc., Cisco Systems, Inc., Nvidia Corporation and Intel Corporation)” provides a detailed analysis of Global Artificial Intelligence Industry.

Solution - Global Artificial Intelligence Market has been covered from 3 viewpoints:


1. Hardware
2. Software
3. Services

Technology - Global Artificial Intelligence Market has been covered from 4 viewpoints:


1. Machine Learning
2. Natural Language Processing
3. Image Processing
4. Speech Recognition

Chip Type - Global Artificial Intelligence Market has been covered from 5 viewpoints:


1. Graphics Processing Unit (GPU)
2. Application-Specific Integrated Circuit (ASIC)
3. Field-Programmable Gate Array (FPGA)
4. Central Processing Unit (CPU)
5. Others

Region - Global Artificial Intelligence Market has been covered from 5 viewpoints:


1. North America
2. Europe
3. Asia-Pacific
4. Latin America
5. Middle East and Africa

Company Insights:

  • Overview
  • Recent Development & Strategies
  • Financial Insight

Company Analysis


1. Google Inc.
2. IBM Corp.
3. Microsoft Corporation
4. Baidu Inc.
5. Xilinx, Inc.
6. Cisco Systems, Inc.
7. Nvidia Corporation
8. Intel Corporation
Frequently Asked Questions about the Global Artificial Intelligence Market

What is the estimated value of the Global Artificial Intelligence Market?

The Global Artificial Intelligence Market was estimated to be valued at $60.46 Billion in 2020.

What is the growth rate of the Global Artificial Intelligence Market?

The growth rate of the Global Artificial Intelligence Market is 29.4%, with an estimated value of $284.4 Billion by 2026.

What is the forecasted size of the Global Artificial Intelligence Market?

The Global Artificial Intelligence Market is estimated to be worth $284.4 Billion by 2026.

Who are the key companies in the Global Artificial Intelligence Market?

Key companies in the Global Artificial Intelligence Market include Google Inc., IBM Corp., Microsoft Corporation, Baidu Inc., Xilinx, Inc., Cisco Systems, Inc. and Intel Corporation.

Table of Contents

1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Artificial Intelligence Market
6. Market Share
6.1 By Solution
6.2 By Technology
6.3 By Chip Type
6.4 By Region
7. Solution- Global Artificial Intelligence Market
7.1 Hardware
7.2 Software
7.3 Services
8. Technology- Global Artificial Intelligence Market
8.1 Machine Learning
8.2 Natural Language Processing
8.3 Image Processing
8.4 Speech Recognition
9. Chip Type - Global Artificial Intelligence Market
9.1 Graphics Processing Unit (GPU)
9.2 Application-Specific Integrated Circuit (ASIC)
9.3 Field-Programmable Gate Array (FPGA)
9.4 Central Processing Unit (CPU)
9.5 Others
10. Region - Global Artificial Intelligence Market
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Latin America
10.5 Middle East and Africa
11. Company Analysis
11.1 Google Inc.
11.1.1 Overview
11.1.2 Recent Development
11.1.3 Financial Insight
11.2 IBM Corp.
11.2.1 Overview
11.2.2 Recent Development
11.2.3 Financial Insight
11.3 Microsoft Corporation
11.3.1 Overview
11.3.2 Recent Development
11.3.3 Financial Insight
11.4 Baidu Inc.
11.4.1 Overview
11.4.2 Recent Development
11.4.3 Financial Insight
11.5 Xilinx, Inc.
11.5.1 Overview
11.5.2 Recent Development
11.5.3 Financial Insight
11.6 Cisco Systems, Inc.
11.6.1 Overview
11.6.2 Recent Development
11.6.3 Financial Insight
11.7 Nvidia Corporation
11.7.1 Overview
11.7.2 Recent Development
11.7.3 Financial Insight
11.8 Intel Corporation
11.8.1 Overview
11.8.2 Recent Development
11.8.3 Financial Insight
List of Figures:
Figure-01: Global Artificial Intelligence Market (Billion US$), 2018 - 2020
Figure-02: Forecast for - Global Artificial Intelligence Market (Billion US$), 2021 - 2026
Figure-03: Solution - Hardware Market (Billion US$), 2018 - 2020
Figure-04: Solution - Forecast for Hardware Market (Billion US$), 2021 - 2026
Figure-05: Solution - Software Market (Billion US$), 2018 - 2020
Figure-06: Solution - Forecast for Software Market (Billion US$), 2021 - 2026
Figure-07: Solution -Services Market (Billion US$), 2018 - 2020
Figure-08: Solution - Forecast for Services Market (Billion US$), 2021 - 2026
Figure-09: Technology - Machine Learning Market (Billion US$), 2018 - 2020
Figure-10: Technology - Forecast for Machine Learning Market (Billion US$), 2021 - 2026
Figure-11: Technology - Natural Language Processing Market (Billion US$), 2018 - 2020
Figure-12: Technology - Forecast for Natural Language Processing Market (Billion US$), 2021 - 2026
Figure-13: Technology - Image Processing Market (Billion US$), 2018 - 2020
Figure-14: Technology - Forecast for Image Processing Market (Billion US$), 2021 - 2026
Figure-15: Technology - Speech Recognition Market (Billion US$), 2018 - 2020
Figure-16: Technology - Forecast for Speech Recognition Market (Billion US$), 2021 - 2026
Figure-17: Chip Type - Graphics Processing Unit (GPU) Market (Billion US$), 2018 - 2020
Figure-18: Chip Type - Forecast for Graphics Processing Unit (GPU) Market (Billion US$), 2021 - 2026
Figure-19: Chip Type - Application-Specific Integrated Circuit (ASIC) Market (Billion US$), 2018 - 2020
Figure-20: Chip Type - Forecast for Application-Specific Integrated Circuit (ASIC) Market (Billion US$), 2021 - 2026
Figure-21: Chip Type - Field-Programmable Gate Array (FPGA) Market (Billion US$), 2018 - 2020
Figure-22: Chip Type - Forecast for Field-Programmable Gate Array (FPGA) Market (Billion US$), 2021 - 2026
Figure-23: Chip Type - Central Processing Unit (CPU) Market (Billion US$), 2018 - 2020
Figure-24: Chip Type - Forecast for Central Processing Unit (CPU) Market (Billion US$), 2021 - 2026
Figure-25: Chip Type - Others Market (Billion US$), 2018 - 2020
Figure-26: Chip Type - Forecast for Others Market (Billion US$), 2021 - 2026
Figure-27: North America - Artificial Intelligence Market (Billion US$), 2018 - 2020
Figure-28: North America - Forecast for Artificial Intelligence Market (Billion US$), 2021 - 2026
Figure-29: Europe - Artificial Intelligence Market (Billion US$), 2018 - 2020
Figure-30: Europe - Forecast for Artificial Intelligence Market (Billion US$), 2021 - 2026
Figure-31: Asia Pacific - Artificial Intelligence Market (Billion US$), 2018 - 2020
Figure-32: Asia Pacific - Forecast for Artificial Intelligence Market (Billion US$), 2021 - 2026
Figure-33: Latin America - Artificial Intelligence Market (Billion US$), 2018 - 2020
Figure-34: Latin America - Forecast for Artificial Intelligence Market (Billion US$), 2021 - 2026
Figure-35: Middle East and Africa - Artificial Intelligence Market (Billion US$), 2018 - 2020
Figure-36: Middle East and Africa - Forecast for Artificial Intelligence Market (Billion US$), 2021 - 2026
Figure-37: Google Inc. - Global Revenue (Billion US$), 2018 - 2020
Figure-38: Google Inc. - Forecast for Global Revenue (Billion US$), 2021 - 2026
Figure-39: IBM Corp. - Global Revenue (Billion US$), 2018 - 2020
Figure-40: IBM Corp. - Forecast for Global Revenue (Billion US$), 2021 - 2026
Figure-41: Microsoft Corporation - Global Revenue (Billion US$), 2018 - 2020
Figure-42: Microsoft Corporation - Forecast for Global Revenue (Billion US$), 2021 - 2026
Figure-43: Baidu Inc. - Global Revenue (Billion US$), 2018 - 2020
Figure-44: Baidu Inc. - Forecast for Global Revenue (Billion US$), 2021 - 2026
Figure-45: Xilinx, Inc. - Global Revenue (Billion US$), 2018 - 2020
Figure-46: Xilinx, Inc. - Forecast for Global Revenue (Billion US$), 2021 - 2026
Figure-47: Cisco Systems, Inc. - Global Revenue (Billion US$), 2018 - 2020
Figure-48: Cisco Systems, Inc. - Forecast for Global Revenue (Billion US$), 2021 - 2026
Figure-49: Nvidia Corporation - Global Revenue (Billion US$), 2018 - 2020
Figure-50: Nvidia Corporation - Forecast for Global Revenue (Billion US$), 2021 - 2026
Figure-51: Intel Corporation - Global Revenue (Billion US$), 2018 - 2020
Figure-52: Intel Corporation - Forecast for Global Revenue (Billion US$), 2021 - 2026
List of Tables:
Table-01: Global - Artificial Intelligence Market Share by Solution (Percent), 2018 - 2020
Table-02: Global - Forecast for Artificial Intelligence Market Share by Solution (Percent), 2021 - 2026
Table-03: Global - Artificial Intelligence Market Share by Technology (Percent), 2018 - 2020
Table-04: Global - Forecast for Artificial Intelligence Market Share by Technology (Percent), 2021 - 2026
Table-05: Global - Artificial Intelligence Market Share by Chip Type (Percent), 2018 - 2020
Table-06: Global - Forecast for Artificial Intelligence Market Share by Chip Type (Percent), 2021 - 2026
Table-07: Global - Artificial Intelligence Market Share by Region (Percent), 2018 - 2020
Table-08: Global - Forecast for Artificial Intelligence Market Share by Region (Percent), 2021 - 2026

Companies Mentioned

  • Google Inc.
  • IBM Corp.
  • Microsoft Corporation
  • Baidu Inc.
  • Xilinx, Inc.
  • Cisco Systems, Inc.
  • Nvidia Corporation
  • Intel Corporation

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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