Europe 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

Europe 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

Report Format: PDF+Excel | Report ID: SR112024A3954
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Market Overview:

The Europe artificial intelligence market size reached US$ 22.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 184.0 Billion by 2032, exhibiting a growth rate (CAGR) of 25.32% during 2024-2032.

Report Attribute
 Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
 Market Size in 2023 US$ 22.8 Billion
 Market Forecast in 2032 US$ 184.0 Billion
 Market Growth Rate (2024-2032) 25.32%


Artificial intelligence (AI) is a computer science segment that aims to develop programmable machines by simulating human intelligence. AI-integrated machines can recognize human-like speech and solve problems based on previous experiences. Their hardware components include chipsets with computing abilities, such as central processing unit (CPU), graphics processing unit (GPU), field-programmable gate array (FPGA) and application-specific integrated circuits (ASIC). Moreover, the software components comprise core technologies like augmented and virtual reality (AR/VR), deep learning, machine learning (ML), and natural language processing (NLP), which is used to process large amounts of data.

The market is experiencing growth on account of Horizon 2020, which is a research and innovation program undertaken by the European Commission for increasing the annual investments in AI by 70%. The program helps to connect and strengthen AI research centers in different countries of Europe for supporting the development of AI applications. Besides this, the coronavirus disease (COVID-19) outbreak has propelled leading pharmaceutical vendors to invest in the research and development (R&D) of AI, which is positively influencing the market in the region.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Europe artificial intelligence market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on type, offering, technology, system and end-use industry.

Breakup by Type:

Europe Artificial Intelligence Market

  • 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 Country:

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

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 Germany, France, United Kingdom, Italy, Spain, 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)

Key Questions Answered in This Report:

  • How has the Europe artificial intelligence market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Europe artificial intelligence market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the offering?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the system?
  • What is the breakup of the market based on the end-use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the Europe artificial intelligence market and who are the key players?
  • What is the degree of competition in the industry?

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Europe 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
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