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Press Release:

Global Artificial Intelligence Market to Grow at 31.9% During 2022-2027, Spurred by Significant Growth in IT Sector

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Artificial Intelligence Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global artificial intelligence market reached a value of US$ 56.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 308.5 Billion by 2027, exhibiting at a CAGR of 31.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Artificial Intelligence (AI) refers to a branch of computer science that aims to simulate human intelligence for developing programmable machines. AI-integrated machines are capable of human-like speech-recognition, learning, planning and problem solving based on past experiences. The hardware components of AI include various chipsets with high computing capabilities, such as graphics processing unit (GPU), central processing unit (CPU), application-specific integrated circuits (ASIC), and field-programmable gate array (FPGA). The software components include core technologies such as natural language processing (NLP), deep learning, machine learning (ML) and augmented and virtual reality (AR/VR), which can process large amounts of data and provide meaningful insights.

Artificial Intelligence Market Trends:

The market is primarily driven by the significant growth in the information technology (IT) industry, along with the growing utilization of cloud-based applications across the globe. The increasing digitization in various industries, such as telecommunication, healthcare, automotive and banking, financial services and insurance (BFSI), has led to the extensive utilization of AI-integrated systems for analyzing large amounts of data and extracting insights regarding overall operational efficiencies and consumer experience. Furthermore, the increasing deployment of 5G infrastructure and the rising demand for intelligent virtual assistants are also providing a boost to the market growth. Various social media and e-commerce platforms are employing AI-based algorithms, recommendation engines, chatbots and pricing optimization, lead generation and supply chain optimization systems to enhance their customer engagement. Other factors, including the development of AI-powered industrial and surgical robots, along with increasing investments to improve the AI infrastructure, are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global artificial intelligence market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, offering, technology, system and end-use industry.

Breakup by Type:

  • Narrow/Weak Artificial Intelligence
  • General/Strong Artificial Intelligence


Breakup by Offering:

  • Hardware
  • Software
  • Services


Breakup by Technology:

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

Breakup by System:

  • Intelligence Systems
  • Decision Support Processing
  • Hybrid Systems
  • Fuzzy Systems
     

Breakup by End-Use Industry:

  • Healthcare
  • Manufacturing
  • Automotive
  • Agriculture
  • Retail
  • Security
  • Human Resources
  • Marketing
  • Financial Services
  • Transportation and Logistics
  • Others


Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Amazon Web Services Inc., Apple Inc., Baidu, Cisco Systems Inc., Facebook Inc., General Electric Company, Google LLC (Alphabet Inc.), International Business Machines, Intel Corporation, Micron Technology Inc., Microsoft Corporation, Nvidia Corporation, Oracle Corporation, Rockwell Automation Inc., Samsung Electronics Co. Ltd., SAP SE, Siemens AG, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Offering, Technology, System, End-Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amazon Web Services Inc., Apple Inc., Baidu, Cisco Systems Inc., Facebook Inc., General Electric Company, Google LLC (Alphabet Inc.), International Business Machines, Intel Corporation, Micron Technology Inc., Microsoft Corporation, Nvidia Corporation, Oracle Corporation, Rockwell Automation Inc., Samsung Electronics Co. Ltd., SAP SE and Siemens AG
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Artificial Intelligence Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19 
    5.4    Market Forecast
6   Market Breakup by Type 
    6.1    Narrow/Weak Artificial Intelligence
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    General/Strong Artificial Intelligence
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Offering
    7.1    Hardware
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Software
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Services
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Technology
    8.1    Machine Learning
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Natural Language Processing
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Context-Aware Computing
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Computer Vision
        8.4.1 Market Trends
        8.4.2 Market Forecast 
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   Market Breakup by System
    9.1    Intelligence Systems
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Decision Support Processing
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Hybrid Systems
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Fuzzy Systems
        9.4.1 Market Trends
        9.4.2 Market Forecast
10  Market Breakup by End-Use Industry
    10.1    Healthcare
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Manufacturing
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Automotive
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Agriculture
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Retail
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Security
        10.6.1 Market Trends
        10.6.2 Market Forecast
    10.7    Human Resources
        10.7.1 Market Trends
        10.7.2 Market Forecast
    10.8    Marketing
        10.8.1 Market Trends
        10.8.2 Market Forecast
    10.9    Financial Services
        10.9.1 Market Trends
        10.9.2 Market Forecast
    10.10    Transportation and Logistics
        10.10.1 Market Trends
        10.10.2 Market Forecast
    10.11    Others
        10.11.1 Market Trends
        10.11.2 Market Forecast
11  Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12  SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13  Value Chain Analysis
14  Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15  Price Indicators
16  Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Amazon Web Services Inc.
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
        16.3.2    Apple Inc.
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio 
           16.3.2.3 Financials 
           16.3.2.4 SWOT Analysis
        16.3.3    Baidu
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio 
        16.3.4    Cisco Systems Inc.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio 
           16.3.4.3 Financials 
           16.3.4.4 SWOT Analysis
        16.3.5    Facebook Inc.
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
           16.3.5.3 Financials 
           16.3.5.4 SWOT Analysis
        16.3.6    General Electric Company
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio 
           16.3.6.3 Financials 
           16.3.6.4 SWOT Analysis
        16.3.7    Google LLC (Alphabet Inc.)
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
           16.3.7.3 SWOT Analysis
        16.3.8    International Business Machines
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio 
           16.3.8.3 Financials 
           16.3.8.4 SWOT Analysis
        16.3.9    Intel Corporation
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio 
           16.3.9.3 Financials 
           16.3.9.4 SWOT Analysis
        16.3.10    Micron Technology Inc.
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio 
           16.3.10.3 Financials 
           16.3.10.4 SWOT Analysis
        16.3.11    Microsoft Corporation
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio 
           16.3.11.3 Financials 
           16.3.11.4 SWOT Analysis
        16.3.12    Nvidia Corporation
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio 
           16.3.12.3 Financials 
           16.3.12.4 SWOT Analysis
        16.3.13    Oracle Corporation
           16.3.13.1 Company Overview
           16.3.13.2 Product Portfolio 
           16.3.13.3 Financials 
           16.3.13.4 SWOT Analysis
        16.3.14    Rockwell Automation Inc.
           16.3.14.1 Company Overview
           16.3.14.2 Product Portfolio 
           16.3.14.3 Financials 
           16.3.14.4 SWOT Analysis
        16.3.15    Samsung Electronics Co. Ltd.
           16.3.15.1 Company Overview
           16.3.15.2 Product Portfolio 
           16.3.15.3 Financials 
           16.3.15.4 SWOT Analysis
        16.3.16    SAP SE
           16.3.16.1 Company Overview
           16.3.16.2 Product Portfolio 
           16.3.16.3 Financials 
           16.3.16.4 SWOT Analysis
        16.3.17    Siemens AG
           16.3.17.1 Company Overview
           16.3.17.2 Product Portfolio 
           16.3.17.3 Financials 
           16.3.17.4 SWOT Analysis

List of Figures

Figure 1: Global: Artificial Intelligence Market: Major Drivers and Challenges
Figure 2: Global: Artificial Intelligence Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Artificial Intelligence Market: Breakup by Type (in %), 2021
Figure 4: Global: Artificial Intelligence Market: Breakup by Offering (in %), 2021
Figure 5: Global: Artificial Intelligence Market: Breakup by Technology (in %), 2021
Figure 6: Global: Artificial Intelligence Market: Breakup by System (in %), 2021
Figure 7: Global: Artificial Intelligence Market: Breakup by End-Use Industry (in %), 2021
Figure 8: Global: Artificial Intelligence Market: Breakup by Region (in %), 2021
Figure 9: Global: Artificial Intelligence Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: Global: Artificial Intelligence (Narrow/Weak Artificial Intelligence) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Artificial Intelligence (Narrow/Weak Artificial Intelligence) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Artificial Intelligence (General/Strong Artificial Intelligence) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Artificial Intelligence (General/Strong Artificial Intelligence) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Artificial Intelligence (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Artificial Intelligence (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Artificial Intelligence (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Artificial Intelligence (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Artificial Intelligence (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Artificial Intelligence (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Artificial Intelligence (Machine Learning) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Artificial Intelligence (Machine Learning) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Artificial Intelligence (Natural Language Processing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Artificial Intelligence (Natural Language Processing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Artificial Intelligence (Context-Aware Computing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Artificial Intelligence (Context-Aware Computing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Artificial Intelligence (Computer Vision) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Artificial Intelligence (Computer Vision) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Artificial Intelligence (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Artificial Intelligence (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Artificial Intelligence (Intelligence Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Artificial Intelligence (Intelligence Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Artificial Intelligence (Decision Support Processing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Artificial Intelligence (Decision Support Processing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Artificial Intelligence (Hybrid Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Artificial Intelligence (Hybrid Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Artificial Intelligence (Fuzzy Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Artificial Intelligence (Fuzzy Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Artificial Intelligence (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Artificial Intelligence (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Artificial Intelligence (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Artificial Intelligence (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Artificial Intelligence (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Artificial Intelligence (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Artificial Intelligence (Agriculture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Artificial Intelligence (Agriculture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Artificial Intelligence (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Artificial Intelligence (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Global: Artificial Intelligence (Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Global: Artificial Intelligence (Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Global: Artificial Intelligence (Human Resources) Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Global: Artificial Intelligence (Human Resources) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Global: Artificial Intelligence (Marketing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Global: Artificial Intelligence (Marketing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Global: Artificial Intelligence (Financial Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Global: Artificial Intelligence (Financial Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Global: Artificial Intelligence (Transportation and Logistics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Global: Artificial Intelligence (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Global: Artificial Intelligence (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Global: Artificial Intelligence (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: North America: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: North America: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United States: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United States: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Canada: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Canada: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Asia Pacific: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Asia Pacific: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: China: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: China: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Japan: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Japan: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: India: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: India: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: South Korea: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: South Korea: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Australia: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Australia: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Indonesia: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Indonesia: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Europe: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Europe: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Germany: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Germany: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: France: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: France: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: United Kingdom: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: United Kingdom: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Italy: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Italy: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Spain: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Spain: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Russia: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Russia: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 96: Others: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 97: Others: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 98: Latin America: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 99: Latin America: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 100: Brazil: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 101: Brazil: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 102: Mexico: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 103: Mexico: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 104: Others: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 105: Others: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 106: Middle East and Africa: Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 107: Middle East and Africa: Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 108: Global: Artificial Intelligence Industry: SWOT Analysis
Figure 109: Global: Artificial Intelligence Industry: Value Chain Analysis
Figure 110: Global: Artificial Intelligence Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Artificial Intelligence Market: Key Industry Highlights, 2021 and 2027        
Table 2: Global: Artificial Intelligence Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Artificial Intelligence Market Forecast: Breakup by Offering (in Million US$), 2022-2027
Table 4: Global: Artificial Intelligence Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 5: Global: Artificial Intelligence Market Forecast: Breakup by System (in Million US$), 2022-2027
Table 6: Global: Artificial Intelligence Market Forecast: Breakup by End-Use Industry (in Million US$), 2022-2027
Table 7: Global: Artificial Intelligence Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Artificial Intelligence Market Structure
Table 9: Global: Artificial Intelligence Market: Key Players

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Key Question Answered in this Report

The global artificial intelligence market reached a value of US$ 56.5 Billion in 2021.

The growing utilization of cloud-based applications across various industries, including healthcare, telecommunication, BFSI, automotive, etc., is currently driving the global artificial intelligence market.

The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of AI-based solutions across several end-use sectors to digitally process large amounts of data and to avoid human interaction for mitigating the risk of infection.

Based on the type, the global artificial intelligence market has been divided into narrow/weak artificial intelligence and general/strong artificial intelligence. Currently, narrow/weak artificial intelligence holds the largest market share. 

Based on the technology, the global artificial intelligence market can be segregated into machine learning, natural language processing, context-aware computing, computer vision, and others. Among these, machine learning holds the majority of total market share.

Based on the system, the global artificial intelligence market has been bifurcated into intelligence systems, decision support processing, hybrid systems, and fuzzy systems. Currently, intelligence systems exhibit a clear dominance in the market.

Based on the end-use industry, the global artificial intelligence market can be categorized into healthcare, manufacturing, automotive, agriculture, retail, security, human resources, marketing, financial services, transportation and logistics, and others. Among these, the manufacturing sector holds the largest market share. 

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market. 

Some of the major players in the global artificial intelligence market include Amazon Web Services Inc., Apple Inc., Baidu, Cisco Systems Inc., Facebook Inc., General Electric Company, Google LLC (Alphabet Inc.), International Business Machines, Intel Corporation, Micron Technology Inc., Microsoft Corporation, Nvidia Corporation, Oracle Corporation, Rockwell Automation Inc., Samsung Electronics Co. Ltd., SAP SE, Siemens AG, etc.

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