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Global Artificial Intelligence Market Forecast to Reach USD 3,582.75 Billion by 2034 with Steady Growth 31.3%

12-19-2024 09:05 AM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Artificial Intelligence Market

Artificial Intelligence Market

The artificial intelligence market size was valued at USD 235.27 billion in 2024. It is projected to grow to USD 3,582.75 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 31.3% from 2025 to 2034.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:

Artificial intelligence (AI) refers to the imitation of human intelligence tasks by machines, especially computer systems. These processes encompass reasoning, learning, perception, problem-solving, and comprehension of language. AI systems utilize algorithms and data to carry out functions like speech recognition, decision-making, and visual perception. Through the automation of intricate tasks and the enhancement of efficiency, AI is reshaping multiple sectors such as healthcare, finance, transportation, and manufacturing, boosting the abilities of both humans and machines.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐ง ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‹๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐”๐ฉ๐œ๐จ๐ฆ๐ข๐ง๐  ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: https://www.polarismarketresearch.com/industry-analysis/artificial-intelligence-market/request-for-sample

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

โ— Next-generation computing architectures, combined with access to these extensive datasets, are motivating researchers and information scientists to innovate rapidly. The swift advancements spurred by access to superior datasets are fueling market expansion.
โ— Videos and images captured in low resolution or dim lighting can be enhanced to HD quality using advancements in artificial neural networks. They have also established the groundwork for digital image processing in fields like surveillance and security, healthcare, and transportation. These advancements are driving the growth of the market.

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

In this extremely competitive market, major rivals constantly innovate and differentiate their products in an effort to take the lead in the market. Here is the list of the leading companies operating in the artificial intelligence market:

โ€ข Advanced Micro Devices
โ€ข AiCure
โ€ข Arm Limited
โ€ข Atomwise, Inc.
โ€ข Ayasdi AI LLC [acquired by SymphonyAI (SAI)]
โ€ข Baidu, Inc.
โ€ข Clarifai, Inc
โ€ข Cyrcadia Health
โ€ข Enlitic, Inc.
โ€ข Google LLC
โ€ข H2O.ai.
โ€ข HyperVerge, Inc.
โ€ข International Business Machines Corporation
โ€ข Intel Corporation
โ€ข Iris.ai AS.
โ€ข Lifegraph
โ€ข Microsoft
โ€ข NVIDIA Corporation
โ€ข Sensely, Inc.
โ€ข Zebra Medical Vision, Inc.

๐๐ž๐ž๐ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ฆ๐จ๐ซ๐ž ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐ฉ๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž: https://www.polarismarketresearch.com/industry-analysis/artificial-intelligence-market/inquire-before-buying

๐†๐ž๐จ๐ ๐ซ๐š๐ฉ๐ก๐ข๐œ๐š๐ฅ ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž:

Regional analysis provides an examination of the key variables, including social, physical, and economic, in a regional context. It helps companies understand the needs and wants of their customers in target markets. Thus, stakeholders can make informed decisions about their products or service offerings. Also, regional analysis assists businesses in identifying regions with high growth potential and where they should focus their efforts. Furthermore, it can help stakeholders understand local conditions to analyze policy related to global change.

The key regions and sub-regions of the Artificial Intelligence Market covered in the research report are:
โ€ข North America (U.S., Canada)
โ€ข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โ€ข Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
โ€ข Latin America (Brazil, Mexico, Argentina)
โ€ข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The artificial intelligence market is mainly segmented based on solution, technology, function, end use, and region. Based on solution analysis, the software segment dominates the market with a substantial revenue share of 34.5% in 2024. The software segment's dominant share is due to substantial improvements in data storage capacity, elevated computing power, and parallel processing abilities that enable the provision of premium services.

Furthermore, according to the function analysis, the sales and marketing segment is expected to register the highest CAGR during the projection period. The segment utilizes AI to change the way businesses draw in and retain customers.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/artificial-intelligence-market

๐“๐จ๐ฉ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐จ๐Ÿ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Software-Defined Anything (SDx) Market: https://www.polarismarketresearch.com/industry-analysis/software-defined-anything-market

Consumer Identity and Access Management (CIAM) Market: https://www.polarismarketresearch.com/industry-analysis/consumer-identity-and-access-management-market

Data Center Power Market: https://www.polarismarketresearch.com/industry-analysis/data-center-power-market

Open Radio Access Network (Open RAN) Market: https://www.polarismarketresearch.com/industry-analysis/open-radio-access-network-market

Threat Hunting Market: https://www.polarismarketresearch.com/industry-analysis/threat-hunting-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter

๐€๐›๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก & ๐‚๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐ˆ๐ง๐œ:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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