According to the latest report by IMARC Group, titled "Asia Pacific Artificial Intelligence Market Report by Type (Narrow/Weak Artificial Intelligence, General/Strong Artificial Intelligence), Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, and Others), System (Intelligence Systems, Decision Support Processing, Hybrid Systems, Fuzzy Systems), End-Use Industry (Healthcare, Manufacturing, Automotive, Agriculture, Retail, Security, Human Resources, Marketing, Financial Services, Transportation and Logistics, and Others), and Country 2025-2033," the Asia Pacific artificial intelligence market size reached USD 33.7 Billion in 2024. Artificial intelligence (AI) focuses on the simulation of human intelligence in machines designed to think and act like humans. It comprises several chipsets with high computing capabilities and core technologies, including natural language processing (NLP), machine learning (ML), deep learning, and augmented and virtual reality (AR/VR). It performs several tasks, such as visual perception, speech recognition, decision making, and language translation. At present, the growing utilization of online banking services is increasing the adoption of AI in the banking, financial services and insurance (BFSI) industry across the Asia Pacific region.
Asia Pacific Artificial Intelligence Market Trends:
Rapid digitization and the increasing need for greater efficiency, productivity, and competitiveness in different industry verticals represent one of the major factors driving the demand for AI in the Asia Pacific region. Moreover, AI is employed in the media and entertainment industry to distribute personalized content and enhance the capabilities of streaming services. This, coupled with the emerging trend of streaming content on over-the-top (OTT) platforms, is strengthening the growth of the market. Furthermore, AI finds application in the automotive industry to analyze road conditions, predict malfunctions, control smart devices, and provide driver assistance functions. This, along with the increasing sales of autonomous vehicles (AVs), is bolstering the growth of the market in the region. In addition, the rising need for remote patient monitoring (RPM) on account of the surging prevalence of medical ailments is contributing to the market growth. Apart from this, the emerging trend of automation, the rising deployment of fifth generation (5G) technology, and the growing traction of Industry 4.0 are some of the other factors creating a positive outlook for the market in the region. Looking forward, the market value is projected to reach USD 177.0 Billion by 2033, expanding at a CAGR of 20.3% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Type, Offering, Technology, System, End-Use Industry, Country |
Countries Covered | China, Japan, India, South Korea, Australia, Indonesia, Others |
Customization Scope | 10% Free Customization |
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) |
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