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Artificial Intelligence Market Report 2022 : By Technology, Drivers, Top-Companies And Forecast Till 2031 | Google, IBM, Baidu, Microsoft, Apple Inc.
Artificial Intelligence Market Trends
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The global artificial intelligence market report by the business research company identifies growing investment in AI technologies contributed to be a major growth driver for the artificial intelligence market. Many companies are investing in AI technologies or AI start-ups to increase the efficiency of AI software as AI enables them to make more informed decisions and achieve better results. For instance, Microsoft has invested around $1 billion in OpenAI a San Francisco company. The two companies had formed a partnership to develop AI supercomputing technologies on Microsoft's cloud Azure. AI is useful across multiple sectors. For instance, AI can lead to breakthroughs in R&D and diagnostics in healthcare sector, it can help make better forecasts in finance, and in manufacturing, it can increase production controls and efficiency. Therefore, rise in investment in AI technologies due to its advantages in every sector is driving the market for the Artificial Intelligence market.
The global artificial intelligence market grew from $44.51 billion in 2021 to $56.89 billion in 2022 at a compound annual growth rate (CAGR) of 27.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The artificial intelligence market is expected to grow to $140.67 billion in 2026 at a CAGR of 25.4%.
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Asia Pacific was the largest region in the artificial intelligence market in 2021. North America was the second largest region in the artificial intelligence market. The regions covered in the artificial intelligence market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the artificial intelligence market are Google, IBM, Baidu, Microsoft, Apple Inc., Ipsoft, NVIDIA corporation, Samsung Electronics Co.Ltd, MicroStrategy Inc., Qlik Technologies Inc, Verint Systems Inc (Next IT Corp), Qualcomm Technologies, Micron Technology , Xilinx Inc, Intel corporation, ARM Holding, Advanced Micro Devices Inc, Huawei Technologies Co.Ltd, SAP, Intel, Salesforce, Brighterion, KITT.AI, IFlyTek, Megvii Technology, Albert Technologies, H2O.ai, Brainasoft and Yseop.
The global artificial intelligence market is segmented -
1) By Offering: Hardware, Software, Services
2) By Technology: Machine learning, Natural language processing, Context-Aware Computing, Computer Vision, Others (Image processing, Speech recognition)
3) By End-user Industry: Healthcare, Automotive, Agriculture, Retail, Marketing, Telecommunication, Defense, Aerospace, Media & Entertainment, Others
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The Artificial Intelligence Market Report Contents Include
1. Executive Summary
2. Artificial Intelligence Market Characteristics
3. Artificial Intelligence Market Trends And Strategies
4. Artificial Intelligence Market - Macro Economic Scenario
5. Artificial Intelligence Market Size And Growth
....
26. Africa Artificial Intelligence Market
27. Artificial Intelligence Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Artificial Intelligence Market
29. Artificial Intelligence Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the artificial intelligence market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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