The India 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) refers to the potential of a machine to mimic the capabilities of the human mind. It assists in learning, planning, recognizing human-like speech and solving problems according to past experiences. It comprises hardware components, including central processing unit (CPU), graphics processing unit (GPU), field-programmable gate array (FPGA) and application-specific integrated circuits (ASIC). It also has software components like deep learning, natural language processing (NLP) and machine learning (ML), which provide meaningful insights and process large amounts of data.
At present, the demand for AI-integrated systems is rising across India on account of rapid digitization in various industries, such as banking, financial services and insurance (BFSI), telecommunication, healthcare and automotive. Moreover, the flourishing Information and Technology (IT) industry, coupled with the increasing use of cloud-based applications, is driving the sales of these systems in the country. Additionally, benefits offered by AI-integrated systems including, analysis of large amounts of data, consumer experience across several industries and extraction of insights regarding overall operational efficacy, is strengthening the market growth. Apart from this, the outbreak of coronavirus disease (COVID-19) has propelled various industries to invest in the research and development (R&D) of AI, which is offering a positive market outlook.
IMARC Group provides an analysis of the key trends in each sub-segment of the India 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.
Breakup by Type:
Breakup by Offering:
Breakup by Technology:
Breakup by System:
Breakup by End-Use Industry:
Breakup by Region:
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, Region|
|Region Covered||North India, West and Central India, South India, East India|
|Customization Scope||10% Free Customization|
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|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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