The Europe artificial intelligence market is currently witnessing robust growth. 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. Looking forward, the market is expected to continue its robust growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe artificial intelligence market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, type, offering, technology, system and end-use industry.
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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|
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|Post-Sale Analyst Support||10-12 Weeks|
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