Artificial Intelligence Market Size, Share, Trends, Growth Outlook

Global Artificial Intelligence Market is forecast to register a CAGR of 35.9% from $210.4 Billion in 2024 to $1325.4 Billion in 2030 driven by new product launches by companies.

The global Artificial Intelligence Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Solution (Hardware, Software, Services), By Technology (Deep Learning, Machine Learning, Natural Language Processing, Machine Vision, Generative AI), By Function (Cybersecurity, Finance and Accounting, Human Resource Management, Legal and Compliance, Operations, Sales and Marketing, Supply Chain Management), By End-User (Healthcare, BFSI, Law, Retail, Advertising & Media, Automotive & Transportation, Agriculture, Manufacturing , Others).

An Introduction to Artificial Intelligence Market in 2024

The artificial intelligence (AI) market in 2024 witnesses continued growth and adoption across industries, propelled by advancements in deep learning, natural language processing, and computer vision technologies. AI applications encompass automation, predictive analytics, virtual assistants, and AI-driven decision support systems, driving efficiency, innovation, and competitive advantage for businesses. With the proliferation of AI-powered solutions in healthcare, finance, retail, cybersecurity, and autonomous vehicles, the AI market is characterized by investments in AI research, talent acquisition, and ethical AI frameworks to harness the transformative potential of AI responsibly and ethically.

Artificial Intelligence Market Competitive Landscape

The market report analyses the leading companies in the industry including Advanced Micro Devices, AiCure, Arm Ltd, Atomwise Inc, Ayasdi AI LLC, Baidu Inc, Clarifai Inc, Cyrcadia Health, Enlitic Inc, Google LLC, H2O.ai., HyperVerge Inc, IBM Watson Health, Intel Corp, International Business Machines Corp, Iris.ai AS., Lifegraph, Microsoft, NVIDIA Corp, Sensely Inc, Zebra Medical Vision Inc.

Artificial Intelligence Market Dynamics

Market Trend: Adoption of AI in Business Processes and Decision Making

The most prominent trend in the Artificial Intelligence market is the widespread adoption of AI technologies across various industries for enhancing business processes and decision making. Organizations are leveraging AI algorithms, machine learning models, and data analytics tools to automate tasks, gain insights from data, improve operational efficiency, and make data-driven decisions. This trend includes the integration of AI into customer service, marketing, supply chain management, finance, healthcare, and other sectors, driving market growth in the adoption of intelligent automation and AI-driven solutions.

Market Driver: Demand for Improved Efficiency, Productivity, and Innovation

A significant driver for the Artificial Intelligence market is the growing demand for improved efficiency, productivity, and innovation across industries. Businesses seek AI solutions to streamline operations, reduce costs, increase productivity, and accelerate innovation cycles. Factors such as the proliferation of big data, advancements in AI algorithms, cloud computing capabilities, and the need for competitive advantages drive the adoption of AI technologies, supporting market expansion and technological advancements in AI applications and platforms.

Market Opportunity: Development of Industry-Specific AI Solutions

One potential opportunity in the Artificial Intelligence market lies in the development of industry-specific AI solutions tailored to unique business challenges and use cases. Collaborating with industry experts, domain specialists, and technology partners presents opportunities to create specialized AI models, predictive analytics tools, and AI-powered applications for sectors such as healthcare, finance, manufacturing, retail, transportation, and cybersecurity. Capitalizing on this opportunity involves understanding industry requirements, data privacy concerns, regulatory compliance, ethical AI principles, and offering customizable AI solutions that deliver tangible business outcomes and value-added services to customers in targeted industries.

Artificial Intelligence Market Share Analysis: BFSI generates highest revenue among applications

The Artificial Intelligence market is witnessing exponential growth across various industries, fueled by advancements in technology and the increasing adoption of AI-driven solutions. The market is segmented based on Solutions into Hardware, Software, and Services, offering a comprehensive range of AI capabilities to organizations worldwide. Technologies such as Deep Learning, Machine Learning, Natural Language Processing, Machine Vision, and Generative AI are revolutionizing processes and decision-making across sectors. Functions like Cybersecurity, Finance and Accounting, Human Resource Management, Legal and Compliance, Operations, Sales and Marketing, and Supply Chain Management are leveraging AI to enhance efficiency, accuracy, and productivity. End-users spanning Healthcare, BFSI, Law, Retail, Advertising & Media, Automotive & Transportation, Agriculture, Manufacturing, and others are embracing AI to drive innovation, improve customer experiences, optimize operations, and gain a competitive edge in their respective markets. This rapid expansion and integration of AI technologies across diverse domains are propelling the growth of the Artificial Intelligence market segment, promising transformative outcomes and opportunities for businesses across the globe.

Artificial Intelligence Market Segmentation-

By Solution
Hardware
-Accelerators
-Processors
-Memory
-Network
Software
Services
-Professional
-Managed
By Technology
Deep Learning
Machine Learning
Natural Language Processing
Machine Vision
Generative AI
By Function
Cybersecurity
Finance and Accounting
Human Resource Management
Legal and Compliance
Operations
Sales and Marketing
Supply Chain Management
By End-User
Healthcare
BFSI
Law
Retail
Advertising & Media
Automotive & Transportation
Agriculture
Manufacturing
OthersGeographical Analysis
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Artificial Intelligence Market Companies Profiled

Advanced Micro Devices
AiCure
Arm Ltd
Atomwise Inc
Ayasdi AI LLC
Baidu Inc
Clarifai Inc
Cyrcadia Health
Enlitic Inc
Google LLC
H2O.ai.
HyperVerge Inc
IBM Watson Health
Intel Corp
International Business Machines Corp
Iris.ai AS.
Lifegraph
Microsoft
NVIDIA Corp
Sensely Inc
Zebra Medical Vision Inc*- List Not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Artificial Intelligence Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Artificial Intelligence Market Size Outlook, $ Million, 2021 to 2030
3.2 Artificial Intelligence Market Outlook by Type, $ Million, 2021 to 2030
3.3 Artificial Intelligence Market Outlook by Product, $ Million, 2021 to 2030
3.4 Artificial Intelligence Market Outlook by Application, $ Million, 2021 to 2030
3.5 Artificial Intelligence Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Artificial Intelligence Industry
4.2 Key Market Trends in Artificial Intelligence Industry
4.3 Potential Opportunities in Artificial Intelligence Industry
4.4 Key Challenges in Artificial Intelligence Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Artificial Intelligence Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Artificial Intelligence Market Outlook by Segments
7.1 Artificial Intelligence Market Outlook by Segments, $ Million, 2021- 2030
By Solution
Hardware
-Accelerators
-Processors
-Memory
-Network
Software
Services
-Professional
-Managed
By Technology
Deep Learning
Machine Learning
Natural Language Processing
Machine Vision
Generative AI
By Function
Cybersecurity
Finance and Accounting
Human Resource Management
Legal and Compliance
Operations
Sales and Marketing
Supply Chain Management
By End-User
Healthcare
BFSI
Law
Retail
Advertising & Media
Automotive & Transportation
Agriculture
Manufacturing
Others

8 North America Artificial Intelligence Market Analysis and Outlook To 2030
8.1 Introduction to North America Artificial Intelligence Markets in 2024
8.2 North America Artificial Intelligence Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Artificial Intelligence Market size Outlook by Segments, 2021-2030
By Solution
Hardware
-Accelerators
-Processors
-Memory
-Network
Software
Services
-Professional
-Managed
By Technology
Deep Learning
Machine Learning
Natural Language Processing
Machine Vision
Generative AI
By Function
Cybersecurity
Finance and Accounting
Human Resource Management
Legal and Compliance
Operations
Sales and Marketing
Supply Chain Management
By End-User
Healthcare
BFSI
Law
Retail
Advertising & Media
Automotive & Transportation
Agriculture
Manufacturing
Others
9 Europe Artificial Intelligence Market Analysis and Outlook To 2030
9.1 Introduction to Europe Artificial Intelligence Markets in 2024
9.2 Europe Artificial Intelligence Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Artificial Intelligence Market Size Outlook by Segments, 2021-2030
By Solution
Hardware
-Accelerators
-Processors
-Memory
-Network
Software
Services
-Professional
-Managed
By Technology
Deep Learning
Machine Learning
Natural Language Processing
Machine Vision
Generative AI
By Function
Cybersecurity
Finance and Accounting
Human Resource Management
Legal and Compliance
Operations
Sales and Marketing
Supply Chain Management
By End-User
Healthcare
BFSI
Law
Retail
Advertising & Media
Automotive & Transportation
Agriculture
Manufacturing
Others
10 Asia Pacific Artificial Intelligence Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Artificial Intelligence Markets in 2024
10.2 Asia Pacific Artificial Intelligence Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Artificial Intelligence Market size Outlook by Segments, 2021-2030
By Solution
Hardware
-Accelerators
-Processors
-Memory
-Network
Software
Services
-Professional
-Managed
By Technology
Deep Learning
Machine Learning
Natural Language Processing
Machine Vision
Generative AI
By Function
Cybersecurity
Finance and Accounting
Human Resource Management
Legal and Compliance
Operations
Sales and Marketing
Supply Chain Management
By End-User
Healthcare
BFSI
Law
Retail
Advertising & Media
Automotive & Transportation
Agriculture
Manufacturing
Others
11 South America Artificial Intelligence Market Analysis and Outlook To 2030
11.1 Introduction to South America Artificial Intelligence Markets in 2024
11.2 South America Artificial Intelligence Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Artificial Intelligence Market size Outlook by Segments, 2021-2030
By Solution
Hardware
-Accelerators
-Processors
-Memory
-Network
Software
Services
-Professional
-Managed
By Technology
Deep Learning
Machine Learning
Natural Language Processing
Machine Vision
Generative AI
By Function
Cybersecurity
Finance and Accounting
Human Resource Management
Legal and Compliance
Operations
Sales and Marketing
Supply Chain Management
By End-User
Healthcare
BFSI
Law
Retail
Advertising & Media
Automotive & Transportation
Agriculture
Manufacturing
Others
12 Middle East and Africa Artificial Intelligence Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Artificial Intelligence Markets in 2024
12.2 Middle East and Africa Artificial Intelligence Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Artificial Intelligence Market size Outlook by Segments, 2021-2030
By Solution
Hardware
-Accelerators
-Processors
-Memory
-Network
Software
Services
-Professional
-Managed
By Technology
Deep Learning
Machine Learning
Natural Language Processing
Machine Vision
Generative AI
By Function
Cybersecurity
Finance and Accounting
Human Resource Management
Legal and Compliance
Operations
Sales and Marketing
Supply Chain Management
By End-User
Healthcare
BFSI
Law
Retail
Advertising & Media
Automotive & Transportation
Agriculture
Manufacturing
Others 13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Advanced Micro Devices
AiCure
Arm Ltd
Atomwise Inc
Ayasdi AI LLC
Baidu Inc
Clarifai Inc
Cyrcadia Health
Enlitic Inc
Google LLC
H2O.ai.
HyperVerge Inc
IBM Watson Health
Intel Corp
International Business Machines Corp
Iris.ai AS.
Lifegraph
Microsoft
NVIDIA Corp
Sensely Inc
Zebra Medical Vision Inc

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Solution
Hardware
-Accelerators
-Processors
-Memory
-Network
Software
Services
-Professional
-Managed
By Technology
Deep Learning
Machine Learning
Natural Language Processing
Machine Vision
Generative AI
By Function
Cybersecurity
Finance and Accounting
Human Resource Management
Legal and Compliance
Operations
Sales and Marketing
Supply Chain Management
By End-User
Healthcare
BFSI
Law
Retail
Advertising & Media
Automotive & Transportation
Agriculture
Manufacturing
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)