India Artificial Intelligence Market Share, Size, Growth, Opportunity and Forecast 2022-2027

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India Artificial Intelligence Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The India artificial intelligence market size reached US$ 506.1 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 2,981.6 Million by 2027, exhibiting a growth rate (CAGR) of 33.68% during 2022-2027.

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.

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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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India artificial intelligence market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on type, offering, technology, system and end-use industry.

Breakup by Type:

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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 Region:

North India
West and Central India
South India
East India

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	2021
Historical Period	2016-2021
Forecast Period	2022-2027
Units	US$ Million
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
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 2999 Corporate License: US$ 3499
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 India 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 India 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 India artificial intelligence market and who are the key players?
What is the degree of competition in the industry?

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India Artificial Intelligence Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

Key Market Segmentation:

Competitive Landscape:

Report Coverage:

Key Questions Answered in This Report:

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India Artificial Intelligence Market

India Artificial Intelligence Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

Key Market Segmentation:

Competitive Landscape:

Report Coverage:

Key Questions Answered in This Report:

Need more help?

Related Report

Social Links

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