Artificial Intelligence Market Values: Driving Technological Transformation

Artificial Intelligence Market was valued at US$ 116.37 Bn. in 2022 and the total Artificial Intelligence revenue is expected to grow at 25.4% from 2023 to 2029, reaching nearly US$ 567.45 Bn.

Artificial Intelligence Market Report Scope and Research Methodology

Report Scope: The AI market is comprehensively analyzed, considering segments such as Solution, Technology, End-Use, and Region. The report provides a deep dive into the market, offering historical data, statistical insights, and industry-validated statistics. It also includes estimates based on robust assumptions and methodologies.

Research Methodology: Maximize Market Research employs a rigorous research methodology, combining primary and secondary research to gather data. Key players in the AI market are identified through secondary research, and their market revenues are determined through primary and secondary research. The report offers a holistic view of global and local players, covering mergers, acquisitions, strategic alliances, joint ventures, and partnerships.

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What are Artificial Intelligence Market Dynamics?

The report delves into the dynamics of the AI market, exploring emerging trends, drivers, restraints, opportunities, and challenges at the global and regional levels. It highlights the impact of AI on various industries and its potential to drive enterprise competitiveness.

Artificial Intelligence Market Segmentation:

With a total market share of 37.3% in 2022, the software sector dominated the AI market by solution. The expansion can be attributed to improvements in data storage capacity, powerful computers, and parallel processing ability to offer premium services. Additionally, its ability to gather data, provide real-time insights, and improve decision-making has placed it in a position to take the lion's share of the market. Artificial intelligence software packages offer libraries for developing and implementing AI systems, including primitives, linear algebra, inference, sparse matrices, video analytics, and several hardware connection features. The need for enterprises to grasp and evaluate visual content in order to get pertinent insights will probably push the adoption of artificial intelligence software throughout the course of the forecast period.

In terms of technology, deep learning accounted for 34.6% of the market for artificial intelligence in 2022. Its sophisticated data-driven applications, including text/content or voice recognition, can be credited for the increase. Deep learning offers lucrative investment opportunities by aiding in the problem-solving of massive data volume issues. For instance, Zebra Medical Vision and TELUS Ventures collaborated in 2021 to expand AI solutions to clinical care settings and new modalities and to increase the former's deep learning capabilities' accessibility in North America. Machine learning and deep learning are able to pay for significant expenditures in AI.

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Who are Artificial Intelligence Market Key Players?

• Advanced Micro Devices
• AiCure
• Arm Limited
• Atomwise, Inc.
• Ayasdi AI LLC
• Baidu, Inc.
• Clarifai, Inc
• Cyrcadia Health
• Enlitic, Inc.
• Google LLC
• H2O.ai.
• HyperVerge, Inc.
• International Business Machines Corporation
• Intel Corporation
• Iris.ai AS.
• Lifegraph
• Microsoft
• NVIDIA Corporation
• Sensely, Inc.
• Zebra Medical Vision, Inc.

Table of Content: Artificial Intelligence Market

Part 01: Executive Summary

Part 02: Scope of the Artificial Intelligence Market Report

Part 03: Global Artificial Intelligence Market Landscape

Part 04: Global Artificial Intelligence Market Sizing

Part 05: Global Artificial Intelligence Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The report provides insights into regional dynamics, emphasizing the dominance of certain regions. North America, with more than 40% of the market share in 2022, leads the AI market, driven by favorable government initiatives. The Asia Pacific region is expected to witness significant growth, with a CAGR of 8.6%, fueled by increased AI investments and the emergence of AI startups.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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