Press release
Artificial Intelligence (AI) Market Technology Innovation 2022 by Size, Growth at 35% CAGR Demand, Opportunity and Forecast 2029
The Global Artificial Intelligence (AI) Market is forecast to reach above USD 521.3 billion by 2028 by rising at a compound annual growth rate (CAGR) of 35% throughout the forecast period from 2019 to 2028Artificial Intelligence (AI) Market Overview
The continuous research and innovation directed by the tech giants are driving the adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing. For instance, from self-driving vehicles to crucial life-saving medical gear, AI is being infused virtually into every apparatus and program. AI is proven to be a significant revolutionary element of the upcoming digital era.
The global Artificial Intelligence (AI) market report widely offers the latest information about technological developments and market growth forecasts based on the regional landscape.
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Industry Development
Four skills that won't be replaced by Artificial Intelligence in the future
Among the many concerns that AI raises is the possibility of wiping out a large portion of the human workforce by eliminating the need for manual labour. But it will simultaneously liberate humans from having to perform tedious, repetitive tasks, allowing them to focus on more complex and rewarding projects, or simply take some much-needed time off.
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Artificial Intelligence (AI) market manufacturers. The revenue created from the sales of Artificial Intelligence (AI) Market has been calculated through primary and secondary research.
The market size assessment also considered leading players revenues as part of triangulation the key players considered are Alphabet Inc. (US), Microsoft Corporation (US), IBM Corporation (US), Baidu, Inc. (China), Intel Corporation (US), Samsung Electronics Co., Ltd. (South Korea), Amazon Web Services, Inc. (US), SAS Institute Inc. (US), Facebook, Inc. (US), SAP SE (Germany), and Others.
The Artificial Intelligence (AI) Market has been segmented as below:
Artificial Intelligence (AI) Market by Offering, 2019-2028, (In USD Billion)
Hardware
Processor
Memory
Network
Software
Application Program Interface (API)
Machine Learning Framework
Services
Deployment And Integration
Support And Maintenance
Artificial Intelligence (AI) Market by Technology, 2019-2028, (In USD Billion)
Machine Learning
Deep Learning
Supervised Learning
Unsupervised Learning
Reinforcement Learning
Other Technology
Natural Language Processing
Context-Aware Computing
Computer Vision
Artificial Intelligence (AI) Market by Business Function, 2019-2028, (In USD Billion)
Marketing And Sales
Security
Finance
Law
Human Resource
Other Business Function ()
Artificial Intelligence (AI) Market by Vertical 2019-2028, (In USD Billion)
BFSI
Retail And Ecommerce
Telecommunication And It
Healthcare And Life Sciences
Automotive
Government And Defense
Manufacturing
Energy And Utilities
Other Verticals (Education, Media And Entertainment And Travel And Hospitality)
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Artificial Intelligence (AI) Market: Regional Analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Artificial Intelligence (AI) market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Geographically, the market is dominated by APAC, North America and Europe.
Major Key areas that have been focused on in the report:
Raw material supply analysis
Major trends noticed in the Global Artificial Intelligence (AI) Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.
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