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Professional services in AI Market worth $29.18 billion by 2030, growing at a CAGR of 22.21% - Exclusive Report by 360iResearch
The "Professional services in AI Market by AI Domain (Machine Learning & Deep Learning, Machine Vision & Hearing, Natural Language Processing (NLP)), Application (Chatbots, Cyber Security, Human Resource Management), Organization Size, Vertical - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.The Global Professional services in AI Market to grow from USD 7.16 billion in 2023 to USD 29.18 billion by 2030, at a CAGR of 22.21%.
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Professional services in AI is a specialized service offered by experts and firms with extensive knowledge and experience in artificial intelligence. These services aim to assist businesses, organizations, and individuals leverage AI technologies to achieve their objectives and address specific challenges. The growing need for customized AI solutions, the rapid transformation of digitalization, and increased demand for improved efficiency and enhanced decision-making fuel the market growth. However, the lack of skilled professionals and AI's complexity and rapid evolution has hindered market growth. Furthermore, the increasing advancment and funding in AI technology and the rapid expansion of end-use industries has offered a significant growth opportunity for the market.
The Americas region has a thriving landscape of professional services in AI, with numerous companies and organizations offering AI expertise and solutions. The region is home to major tech hubs, including Silicon Valley in the United States and prominent AI research institutions. The Americas region boasts renowned research institutions and universities contributing significantly to AI advancements. Institutions such as Stanford University, Massachusetts Institute of Technology, and the University of California, have active AI research programs and collaborations with industry partners, driving the demand for professional services in the AI market. The EMEA region has a rapidly growing landscape of professional services in AI with an increased focus on digitalization and a flourishing startup ecosystem. Companies in the EMEA region provide industry-specific AI solutions and consulting services to sectors such as finance, healthcare, manufacturing, transportation, energy, and retail. These solutions range from customer analytics and personalized marketing to predictive maintenance, fraud detection, and autonomous systems. Governments and research institutions in the EMEA region collaborate with companies to foster AI innovation, develop AI strategies, and promote AI adoption, boosting the demand for professional services in the AI market. The APAC region has a dynamic and rapidly evolving landscape of professional services in AI, with governments across the APAC region launching new initiatives and policies to promote AI development and adoption. For instance, China's "New Generation Artificial Intelligence Development Plan" aims to place the country as an AI leader, while Singapore has launched the "AI Singapore" initiative to drive AI innovation and adoption. The APAC landscape of professional services in AI reflects the region's rapid technological growth, entrepreneurial spirit, and commitment to AI innovation. The presence of established research institutions, dynamic startup ecosystems, industry-specific solutions, and government support contribute to the market growth.
Market Segmentation & Coverage:
This research report categorizes the Professional services in AI Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on AI Domain, market is studied across Machine Learning & Deep Learning, Machine Vision & Hearing, Natural Language Processing (NLP), and Robotics & Expert Systems. The Robotics & Expert Systems is projected to witness significant market share during forecast period.
Based on Application, market is studied across Chatbots, Cyber Security, Human Resource Management, Intelligent CRM, Project & Resource Planning, Real Time & Predictive Business Intelligence, and Sales & Marketing Analytics. The Sales & Marketing Analytics is projected to witness significant market share during forecast period.
Based on Organization Size, market is studied across Large Enterprises and Small & Medium-Sized Enterprises. The Small & Medium-Sized Enterprises is projected to witness significant market share during forecast period.
Based on Vertical, market is studied across Banking, Financial Services & Insurance, Energy & Utilities, Government, Healthcare & Life Sciences, IT & Telecommunication, Manufacturing, and Retail & Consumer Goods. The Energy & Utilities is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Professional services in AI Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Professional services in AI Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Professional services in AI Market, highlighting leading vendors and their innovative profiles. These include AI Professional Services Limited, Booz Allen Hamilton Inc., Cerence Inc., Cognizant Technology Solutions Corporation, Columbus, Databricks, Inc., Deloitte, Diveplane Corporation, Ernst & Young Global Limited, EXPERT.AI, Hewlett Packard Enterprise Development LP, IDC CEMA s.r.o., Infosys Limited, International Business Machines Corporation, KPMG International Limited, Kyndryl Inc., Lately, Inc., LivePerson, Inc., McKinsey & Company, Microsoft Corporation, NGS Global, LLC, NVIDIA Corporation, Open Text Corporation, People.ai Inc., ReadWrite, INC., SAP SE, ServiceNow, Inc., Tech Mahindra Limited, Velosio, LLC, Wipro Limited, and XFO Financials Inc. dba. Vic.ai.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Professional services in AI Market, by AI Domain
7. Professional services in AI Market, by Application
8. Professional services in AI Market, by Organization Size
9. Professional services in AI Market, by Vertical
10. Americas Professional services in AI Market
11. Asia-Pacific Professional services in AI Market
12. Europe, Middle East & Africa Professional services in AI Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Professional services in AI Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Professional services in AI Market?
3. What is the competitive strategic window for opportunities in the Professional services in AI Market?
4. What are the technology trends and regulatory frameworks in the Professional services in AI Market?
5. What is the market share of the leading vendors in the Professional services in AI Market?
6. What modes and strategic moves are considered suitable for entering the Professional services in AI Market?
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360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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