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The Europe artificial intelligence market is expected to exhibit robust growth during 2021-2026. 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) 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe artificial intelligence market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on type, offering, technology, system and end-use industry.
Breakup by Type:
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Offering, Technology, System, End-Use Industry, Country|
|Countries Covered||Germany, France, United Kingdom, Italy, Spain|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
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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)|
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