Asia Pacific Artificial Intelligence Market to Reach US$ 163.8 Billion by 2032, Spurred by Rapid Digitization in Different Industry Verticals

April 21, 2023 | Technology & Media

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 2024-2032," the Asia Pacific artificial intelligence market size reached US$ 27.8 Billion in 2023. 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. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 163.8 Billion by 2032, exhibiting a CAGR of 21.1% during 2024-2032.

Market Summary:

  • On the basis of the type, the market has been bifurcated into narrow/weak artificial intelligence and general/strong artificial intelligence. Presently, narrow/weak artificial intelligence holds the largest market share.
  • Based on the offering, the market has been classified into hardware, software, and services. Software currently accounts for the biggest market share.
  • On the basis of the technology, the market has been segmented into machine learning, natural language processing, context-aware computing, computer vision, and others. At present, machine learning dominates the market.
  • Based on the system, the market has been segregated into intelligence system, decision support processing, hybrid systems, and fuzzy systems. Intelligence system exhibits a clear dominance in the market.
  • On the basis of the end-use industry, the market has been classified into healthcare, manufacturing, automotive, agriculture, retail, security, human resources, marketing, financial services, transportation and logistics, and others. Manufacturing currently represents the biggest market segment.
  • Based on the country, the market has been divided into China, Japan, India, South Korea, Australia, Indonesia, and others. Amongst these, China enjoys the leading position in the market.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
 Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
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
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Asia Pacific Artificial Intelligence Market to Reach US$ 163.8 Billion by 2032, Spurred by Rapid Digitization in Different Industry Verticals
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More