The latest report published by Fortune Business Insights highlights the growth prospects of the Artificial Intelligence Market Size 2024 In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors such as the market dynamics, drivers, restraints, challenges, threats, potential growth opportunities, market trends, development patterns, financial information, latest technologies, innovations, leading competitors, and regional analysis of the market.
The global Artificial Intelligence Market size is expected to grow from USD 515.31 billion in 2023 to USD 2,740.46 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 20.4% during the forecast period.
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Top Companies Covered In This Report:
- Amazon, Inc. (Washington, U.S.)
- IBM Corporation (New York, U.S.)
- Microsoft Corporation (Washington, U.S.)
- Salesforce.com Inc. (California, U.S.)
- Alphabet Inc. (Google LLC) (California, U.S.)
- NVIDIA Corporation (California, U.S.)
- Baidu, Inc. (Beijing, China)
- SAP SE (Walldorf, Germany)
- Oracle Corporation (Texas, U.S.)
- Hewlett Packard Enterprise Company (Texas, U.S.)
- SAS Institute Inc. (North Carolina, U.S.)
Driving Factor:
Growing focus towards developing autonomy in robots
AI technology is significantly driving the robotics industry. The rising competitiveness in the market has encouraged the businesses to adopt fully automated robots that can interact and perceive the surroundings. The deep learning, machine learning, and other AI technologies are gaining a rapid traction in the development of automated robots across the globe. The surging demand for the robotics across various end use verticals is expected to drive the growth of the artificial intelligence market during the forecast period.
Report Highlights:
- A comprehensive overview of the Artificial Intelligence Market
- Significant factors boosting, restricting, challenging and providing an opportunity to the market
- Key insights and major industry developments
- Significant players functioning in the Artificial Intelligence Market
- Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
- Other market trends
Artificial Intelligence Market Segments:
By Component
- Hardware
- Software
- Services
By Function
- Human Resources
- Marketing & Sales
- Product/Service Deployment
- Service Operation
- Risk
- Supply-Chain Management
- Others (Strategy and Corporate Finance)
By Deployment
- Cloud
- On-premises
By Industry
- Healthcare
- Retail
- IT & Telecom
- BFSI
- Automotive
- Advertising & Media
- Manufacturing
- Others
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Regional Analysis for Artificial Intelligence Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
Research Methodology:
The analysis of research methodology involves the evaluation of the techniques employed in a research study to collect and analyse data. This report integrates both primary and secondary data analysis, enabling companies to gain a comprehensive understanding of the research topic. By triangulating data from multiple sources, this approach helps validate findings and generate new insights. The analysis encompasses the assessment of research design, data collection techniques, sampling methods, and data analysis tools utilized in the study. By examining these elements, the analysis aims to determine the reliability, validity, and generalizability of the research findings. Factors such as the alignment of study design with research objectives, appropriateness of data collection methods, representativeness of sampling techniques, suitability of analytical methods, and adherence to ethical considerations are carefully evaluated.
FAQ’s
Q.1. What are the primary drivers of the Artificial Intelligence Market?
Q.2. What are the main factors propelling and impeding the growth of the Artificial Intelligence Market?
Q.3. What are the general structure, risks, and opportunities of the market?
Q.4. How do the prices, revenue, and sales of the leading Artificial Intelligence Market firms compare?
Q.5. What are the main segments of the market and how is it divided up?
Q.6. Which companies dominate the market, and what percentage of the market do they control?
Q.7. What trends are influencing the Artificial Intelligence Market now and in the future?
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Table of Contents
1. Executive Summary
1.1 Overview
1.2 Key Findings
2. Introduction
2.1 Background
2.2 Scope and Objectives
2.3 Methodology
3. Artificial Intelligence Market Growth Overview
3.1 Definition and Classification
3.2 Artificial Intelligence Market Share Drivers
3.3 Market Restraints
3.4 Market Opportunities
3.5 Industry Challenges
4. Global Trends and Forecast
4.1 Overview
4.2 Artificial Intelligence Market Share Trends
4.3 Industry Share and Future Outlook
4.4 Growth Prospects
5. Artificial Intelligence Market Size Regional Analysis
5.1 North America
5.2 Europe
5.3 Asia-Pacific
5.4 Latin America
5.5 Middle East and Africa
6. Artificial Intelligence Market Analysis
6.1 Artificial Intelligence Market Key Players
6.2 Market Concentration
6.3 Competitive Landscape
6.4 SWOT Analysis
7. Market Segmentation
8. Conclusion
9. Recommendations
10. Appendix
TOC Continued…
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