Press release
Artificial Intelligence Market Size to Grow $40.17 Billion by 2030
The Artificial Intelligence Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The global artificial intelligence market is expected grow from $40.17 billion in 2020 to $51.56 billion in 2021 at a compound annual growth rate (CAGR) of 28.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $171.02 billion in 2025 at a CAGR of 35%.
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Top Leading Companies of 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, Yseop and others.
The artificial intelligence market consists of sales of the artificial intelligence software and related services. Artificial Intelligence (AI) sometimes referred to as machine intelligence. Artificial intelligence is a wide-ranging branch of computer science-related with building smart machines that can perform tasks that require human intelligence.
The limited number of AI Experts is a major challenge in the Artificial intelligence market. To develop the AI software the company needs AI experts, practitioners, and researchers. According to the Tencent, a Chinese multinational technology conglomerate holding company, there are 300k AI researchers and practitioners worldwide but the market demand is around millions of roles. The limited number of AI experts may harm the Artificial intelligence market.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Artificial Intelligence Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Artificial Intelligence Market (%),2016 - 2026
- Artificial Intelligence Market Share, By Brand
- Artificial Intelligence Market Share, By Company
- Artificial Intelligence Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Artificial Intelligence Market Value Analysis & Forecast
- Promising Artificial Intelligence Development by Major Companies
- Detailed Artificial Intelligence Portfolio of the Major Companies
- Major Deals in the Artificial Intelligence Market
- Major Companies Analysis
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