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Mobile Artificial Intelligence Market Share Analysis, Trends, Segmentation, And Forecast To 2033
Mobile Artificial Intelligence Market
Mobile Artificial Intelligence Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $43.22 billion In 2028 At A CAGR Of 25.5% :
The mobile artificial intelligence market size has grown exponentially in recent years. It will grow from $13.63 billion in 2023 to $17.45 billion in 2024 at a compound annual growth rate (CAGR) of 28.0%. The growth in the historic period can be attributed to growing adoption of smartphones and tablets, increasing research and development activities, increasing awareness of the ai-based solutions, growing dependency on iot devices.
The mobile artificial intelligence market size is expected to see exponential growth in the next few years. It will grow to $43.22 billion in 2028 at a compound annual growth rate (CAGR) of 25.5%. The growth in the forecast period can be attributed to increasing adoption of ai-based solutions across various industries, increasing power of mobile processors, development of new mobile ai software frameworks, growing demand for mobile ai applications. Major trends in the forecast period include ai chipsets, advancements in hardware, ai-powered mobile apps, edge ai, 5g connectivity.
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Mobile Artificial Intelligence Market Major Segments
The mobile artificial intelligence market covered in this report is segmented -
1) By Component: Hardware; Software; Services
2) By Technology Node: 20-28 Nano Meter (NM); 10 Nano Meter (NM); 7 Nano Meter (NM); Other Technology Nodes
3) By Application: Smartphones; Robotics; Augmented Reality (AR) And Virtual Reality(VR); Cameras; Drones; Automotive; Other Applications
Key Driver - Rising Smartphone Penetration Fuels Growth In The Mobile Artificial Intelligence Market
The increasing penetration of smartphones is expected to propel the growth of the mobile artificial intelligence market going forward. Smartphones are handheld electronic devices that combine the functionalities of a mobile phone and a personal computer. Smartphones play a significant role in implementing and using mobile artificial intelligence (AI) and serve as powerful and versatile platforms for mobile AI, enabling AI-driven functionalities, personalized experiences, intelligent interactions and on-the-go AI processing. For instance, in February 2023, according to Uswitch Limited, a UK-based price comparison and switching service company, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. The UK population is expected to grow to 68.3 million by 2025, of which 95% (or about 65 million individuals) will own a smartphone. Therefore, the increasing penetration of smartphones will drive the growth of the mobile artificial intelligence market.
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Prominent Trend - Generative Ai-Powered Mobile App Testing Innovations Redefining The Market
Major companies operating in the mobile artificial intelligence market are adopting new technologies, such as generative AI to sustain their position in the market. Generative AI is a type of artificial intelligence technology that can produce various types of content, including text, imagery, audio, and synthetic data. For instance, in April 2023, Sofy, a US-based company that provides automation solutions for mobile apps, launched SofySense, a generative AI-driven, no-code mobile app testing solution. Generative AI can help create new data from existing data, while no-code testing solutions enable users to conduct software testing without writing code. This combination could revolutionize mobile app testing by automating the process and making it more efficient. SofySense reduces time spent reviewing outcomes to identify concerns by producing test cases, hindering research and test design requirements and enabling test cases to smoothly convert to automated tests rather than spending time creating automation code.
Mobile Artificial Intelligence Market Players
Major players in the mobile artificial intelligence market are Apple Inc., Google LLC, Samsung Electronics Co Ltd., Microsoft Corporation, Alibaba Group Holding Limited, Tencent Holdings Limited, Amazon Web Services Inc., Intel Corporation, IBM Corporation, LG Electronics Inc., Qualcomm Incorporated, NVIDIA Corporation, Salesforce Inc., Nokia Corporation, MediaTek Inc., Baidu Inc., Cerebras Systems Inc., H2O.ai Inc., Fuzhou Rockchip Electronics Co Ltd., Cambricon Technologies Corporation Ltd., Huawei Technologies Co Ltd., Shanghai Thinkforce Electronic Technology Co Ltd , Blaize Inc., Kneron Inc., Graphcore Ltd., Deephi Technology Co Ltd.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the mobile artificial intelligence market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in mobile artificial intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Mobile Artificial Intelligence Market Report Structure
3. Mobile Artificial Intelligence Market Trends And Strategies
4. Mobile Artificial Intelligence Market - Macro Economic Scenario
5. Mobile Artificial Intelligence Market Size And Growth
…..
27. Mobile Artificial Intelligence Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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