Artificial Intelligence Market Trends 2022 | Growth, Share, Size, Demand and Future Scope 2027

According to IMARC Group's latest report, titled "Artificial Intelligence Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,' Offers a comprehensive analysis of the industry, which comprises insights on artificial intelligence market report.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

The global artificial intelligence market reached a value of US$ 56.5 Billion in 2021. A subfield of computer science known as artificial intelligence, or AI, aims to programable computers by emulating human intellect. A graphics processing unit (GPU), application-specific integrated circuits (ASIC), field-programmable gate array (FPGA), natural language processing (NLP), machine learning (ML), augmented and virtual reality (AR and VR), and other high-performance hardware and software components make up this system. Devices with artificial intelligence built in are capable of learning from experience, making plans, recognising speech, and solving problems. They decrease the amount of downtime needed to complete a task, cut costs, assure quicker decision-making, etc. As a result, a wide range of industries, including healthcare, manufacturing, automotive, agricultural, retail, marketing, financial services, transportation, and logistics, use technology based on artificial intelligence.

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Market Trends

The market for artificial intelligence is primarily being driven by the burgeoning information technology (IT) sector and the rising adoption of cloud-based applications internationally. Additionally, key growth-inducing elements include the growing digitization of many businesses and the requirement to analyse vast amounts of data and derive insights about overall operations. Additionally, social media and e-commerce platforms are increasingly using AI-based algorithms, chatbots, pricing optimization systems, and recommendation engines to improve customer experience. Consumer preferences are also shifting in favour of intelligent virtual assistants, which is positively affecting the global market. Looking forward, IMARC Group expects the market to reach US$ 308.5 Billion by 2027, exhibiting at a CAGR of 31.9% during 2022-2027.

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List of Key Companies Covered in this Market Report:

Amazon Web Services Inc. (NASDAQ: AMZN)
Apple Inc. (NASDAQ: AAPL)
Baidu (NASDAQ: BIDU)
Cisco Systems Inc (NASDAQ: CSCO)
Facebook Inc. (NASDAQ: META)
General Electric Company (NYSE: GE)
Google LLC (Alphabet Inc.) (NASDAQ: GOOGL)
International Business Machines (NYSE: IBM)
Intel Corporation (NASDAQ: INTC)
Micron Technology Inc. (NASDAQ: MU)
Microsoft Corporation (NASDAQ: MSFT)
Nvidia Corporation (NASDAQ: NVDA)
Oracle Corporation (NYSE: ORCL)
Rockwell Automation Inc. (NYSE: ROK)
Samsung Electronics Co. Ltd. (KRX: 005930)
SAP SE (NYSE: SAP)
Siemens AG (OTCMKTS: SIEGY)

Breakup by Type:

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 Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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