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Global Artificial Intelligence Market to 2027: Trends, Opportunities and Competitive Analysis

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    Report

  • 205 Pages
  • June 2022
  • Region: Global
  • Lucintel
  • ID: 5636917
The future of the global artificial intelligence market looks attractive with opportunities in the healthcare, security, retail, automotive, manufacturing, and financial technology (fintech) sectors. The global artificial intelligence market is expected to reach $115 billion by 2027 with a CAGR of 23.5% from 2021 to 2027. The major drivers for this market are increasing demand for virtual assistance for easy accessibility of services and growing adoption of cloud-based technology.

Emerging Trends in the Artificial Intelligence Market

Emerging trends, which have a direct impact on the dynamics of the industry, include growing adoption of artificial intelligence in IoT applications and increasing demand for AI-enabled processors.

Artificial Intelligence Market by Segment

The study includes trends and forecast for the global artificial intelligence market by end use industry, technology, product and service, and region as follows:

By End Use Industry [$B shipment analysis from 2016 to 2027]:

  • Media and Advertising
  • Security
  • Automotive
  • Healthcare
  • Retail
  • Fintech (Financial Technology)
  • Manufacturing
  • Others

By Technology [$B shipment analysis from 2016 to 2027]:

  • Machine Learning
  • Natural Language Processing (NLP)
  • Others

By Product and Service [$B shipment analysis from 2016 to 2027]:

  • Hardware
  • Processor
  • Memory
  • Network
  • Software
  • Service

By Region [$B shipment analysis from 2016 to 2027]:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • United Kingdom
  • France
  • Germany
  • Asia Pacific
  • China
  • Japan
  • India
  • The Rest of the World

List of Artificial Intelligence Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies artificial intelligence companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the artificial intelligence companies profiled in this report includes.
  • Google
  • Siemens AG
  • Apple Inc.
  • Facebook
  • Samsung
  • Microsoft
  • Amazon
  • NVIDIA
  • NEC Corporation
  • Intel Corporation
  • IBM
  • General Electric

Artificial Intelligence Market Insight

  • The analyst forecasts that the machine learning technology will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to increasing adoption of this technology in the autonomous applications and growing consumer preference for IoT-enabled devices.
  • Media and advertising will remain the largest end use industry segment due to an increasing adoption of customer-centric marketing strategies and increasing use of social platform for advertisements. The healthcare segment is expected to witness the highest growth over the forecast period due to advancements in clinical research and growing demand for electronics-based medical equipment and sensors in the healthcare applications.
  • APAC is projected to remain the largest region, and it is also expected to witness the highest growth over the forecast period due to the growing adoption of IoT (internet of things), increasing installation of smart home devices, and growing industrial automation in countries, such as China, India, and Taiwan.

Features of Artificial Intelligence Market

  • Market Size Estimates:Artificial intelligence market size estimation in terms of value ($B)
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Artificial intelligence market size by various segments, such as end use industry, product and service, and technology in terms of value.
  • Regional Analysis: Artificial intelligence market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different end use industries, products and services, technologies, and regions for the artificial intelligence market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the artificial intelligence market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQS

Q1. What is the artificial intelligence market size?
Answer: The global artificial intelligence market is expected to reach an estimated $115 billion by 2027
Q2. What is the growth forecast for artificial intelligence market?
Answer: The artificial intelligence market is expected to grow at a CAGR of 23.5% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the artificial intelligence market?
Answer: The major drivers for this market are increasing demand for virtual assistance for easy accessibility of services and growing adoption of cloud-based technology.
Q4. What are the major applications or end use industries for artificial iIntelligence?
Answer: Media and advertising and security are the major end use industries for artificial intelligence market.
Q5. What are the emerging trends in artificial intelligence market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include growing adoption of artificial intelligence in IoT applications and increasing demand for AI-enabled processors.
Q6. Who are the key artificial intelligence companies?
Answer: Some of the key artificial intelligence companies are as follows:
  • Google
  • Siemens AG
  • Apple Inc.
  • Facebook
  • Samsung
  • Microsoft
  • Amazon
  • NVIDIA
  • NEC Corporation
  • Intel Corporation
  • IBM
  • General Electric
Q7. Which artificial intelligence technology segment will be the largest in future?
Answer: The analyst forecasts that the machine learning technology will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to increasing adoption of this technology in the autonomous applications and growing consumer preference for IoT-enabled devices.
Q8. In artificial intelligence market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.

This report answers the following 11 key questions

Q.1 What are some of the most promising, high-growth opportunities for the global artificial intelligence market by end use industry (media and advertising, security, automotive, healthcare, retail, fintech, manufacturing and others), technology (machine learning, natural learning processing, and others), product and service (hardware, software, and service), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity did occur in the last five years?


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Table of Contents

1. Executive Summary
2. Market Background and Classifications
2.1: Introduction, Background, and Classification
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends and Forecast
3.2: Global Artificial Intelligence Market Trends and Forecast
3.3: Global Artificial Intelligence Market by End Use Industry
3.3.1: Media and Advertising
3.3.2: Security
3.3.3: Automotive
3.3.4: Healthcare
3.3.5: Retail
3.3.6: Fintech
3.3.7: Manufacturing
3.3.8: Others
3.4: Global Artificial Intelligence Market by Technology
3.4.1: Machine Learning
3.4.2: Natural Language Processing
3.4.3: Others
3.5: Global Artificial Intelligence Market by Product and Service
3.5.1: Hardware
3.5.1.1: Processor
3.5.1.2: Memory
3.5.1.3: Network
3.5.2: Software
3.5.3: Service
4. Market Trends and Forecast Analysis by Region
4.1: Global Artificial Intelligence Market by Region
4.2: North American Artificial Intelligence Market
4.2.1: Market by End Use
4.2.2: Market by Technology
4.2.3: Market by Product and Service
4.2.4: The US Artificial Intelligence Market
4.2.5: Canadian Artificial Intelligence Market
4.2.6: Mexican Artificial Intelligence Market
4.3: European Artificial Intelligence Market
4.3.1: Market by End Use
4.3.2: Market by Technology
4.3.3: Market by Product and Service
4.3.4: UK Artificial Intelligence Market
4.3.5: French Artificial Intelligence Market
4.3.6: German Artificial Intelligence Market
4.4: APAC Artificial Intelligence Market
4.4.1: Market by End Use
4.4.2: Market by Technology
4.4.3: Market by Product and Service
4.4.4: Chinese Artificial Intelligence Market
4.4.5: Japanese Artificial Intelligence Market
4.4.6: Indian Artificial Intelligence Market
4.5: ROW Artificial Intelligence Market
4.5.1: Market by End Use
4.5.2: Market by Technology
4.5.3: Market by Product and Service
5. Competitive Analysis
5.1: Product Portfolio Analysis
5.2: Geographical Reach
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Artificial Intelligence Market by End Use Industry
6.1.2: Growth Opportunities for the Global Artificial Intelligence Market by Technology
6.1.3: Growth Opportunities for the Global Artificial Intelligence Market by Product and Service
6.1.4: Growth Opportunities for the Global Artificial Intelligence Market by Region
6.2: Emerging Trends in the Global Artificial Intelligence Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion in the Global Artificial Intelligence Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Artificial Intelligence Market
7. Company Profiles of Leading Players
7.1: Google
7.2: Siemens AG
7.3: Apple Inc.
7.4: Facebook
7.5: Samsung
7.6: Microsoft
7.7: Amazon
7.8: NVIDIA
7.9: NEC Corporation
7.10: Intel Corporation
7.11: IBM
7.12: General Electric

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Google
  • Siemens AG
  • Apple Inc.
  • Facebook
  • Samsung
  • Microsoft
  • Amazon
  • NVIDIA
  • NEC Corporation
  • Intel Corporation
  • IBM
  • General Electric

Methodology

The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:

  • In-depth interviews of the major players in the market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.

Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.

Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.

 

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