Press release
India Artificial Intelligence Market Size Worth US$ 2,981.6 Million By 2027
India Artificial Intelligence Market Report
What are the growth prospects of the india artificial intelligence industry?
The India artificial intelligence market size reached US$ 506.1 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 2,981.6 Million by 2027, exhibiting a growth rate (CAGR) of 33.68% during 2022-2027.
What is a india artificial intelligence?
Artificial intelligence (AI) refers to a technological solution concerned with building smart machines capable of performing tasks, which require human intelligence, speech recognition, translation, and decision-making based on past experiences. It offers automation, minimizes errors, manages repetitive tasks, processes large amounts of data, and provides meaningful insights.
Impact of COVID-19:
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.
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What are the major market drivers in the india artificial intelligence market?
AI is employed in the automotive industry for manufacturing different vehicle components. This, along with the escalating demand for autonomous, hybrid, and electric vehicles (H/EVs) due to the growing concerns about carbon emissions, represents one of the major factors bolstering the market growth in India. In addition, the rising adoption of cloud-based solutions for analyzing large amounts of data, improving overall operational efficiency, and enhancing the user experience in organizations, coupled with significant growth in information technology (IT), are contributing to the market growth. Apart from this, rapid digitization, expanding purchasing power of individuals, busy lifestyles, and the growing penetration of smartphones with high-speed internet connectivity is driving the demand for online applications. This, in confluence with the thriving e-commerce industry, is creating a positive outlook for the market in the country.
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Report Segmentation:
The report has segmented the market into the following categories:
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
By Region:
North India
West and Central India
South India
East India
Competitive Landscape:
The report has also analysed the competitive landscape of the market along with the profiles of the key players.
Related Report by IMARC Group:
United States Artificial Intelligence Market Report: https://www.imarcgroup.com/united-states-artificial-intelligence-market
Latin America Artificial Intelligence Market Report: https://www.imarcgroup.com/latin-america-artificial-intelligence-market
Europe Artificial Intelligence Market Report: https://www.imarcgroup.com/europe-artificial-intelligence-market
Asia Pacific Artificial Intelligence Market Report: https://www.imarcgroup.com/asia-pacific-artificial-intelligence-market
Europe Human Resource Hr Technology Market Report: https://www.imarcgroup.com/europe-human-resource-technology-market
India Human Resource Hr Technology Market Report: https://www.imarcgroup.com/india-human-resource-technology-market
Asia Pacific Human Resource Hr Technology Market Report: https://www.imarcgroup.com/asia-pacific-human-resource-technology-market
Europe Lawful Interception Market Report: https://www.imarcgroup.com/europe-lawful-interception-market
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