Artificial Intelligence Market is projected to reach USD 590.29 billion by 2031

This Artificial Intelligence market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Artificial Intelligence report simplifies managing marketing of goods and services effectively.

Global Artificial Intelligence market size was valued at USD 92.33 billion in 2023 and is projected to reach USD 590.29 billion by 2031, with a CAGR of 26.1% during the forecast period of 2024 to 2031.

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Market Overview:

The global Artificial Intelligence market is experiencing rapid growth, driven by the increasing adoption of AI technologies across various industries. Factors such as the proliferation of big data, advancements in computing power, and the growing demand for automation and predictive analytics are fueling market expansion. AI is being increasingly integrated into business processes to improve efficiency, enhance decision-making, and drive innovation. The development of AI algorithms and the availability of AI platforms and tools have lowered the barrier to entry for businesses looking to leverage AI.

Some of the major players operating in the Artificial Intelligence market are Advanced Micro Devices, Inc. (U.S.), Aicure, LLC (U.S.), Arm, Ltd. (U.K.), Atomwise, Inc. (U.S.), AYASDI AI LLC (U.S.), Baidu Inc. (China), ClariFI, Inc. (U.S.), Cyrcadia Health (U.S.), Enlitic, Inc. (U.S.), H2O (U.S.), Google LLC (U.S.), Hyperverge Inc. (India), IBM (U.S.), Intel Corporation (U.S.), IRIS AI AS (Norway), Lifegraph Ltd. (U.K.), Microsoft (U.S.), Nvidia Corporation (U.S.), Sensley Inc. (U.S.), Zebra Medical Vision, Inc. (Israel).

Global Artificial Intelligence Market Scope

The market is segmented on the basis of offering, type, technology, function, deployment mode, organization size, and end-user industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Offering

Hardware
Software
Services
Technology

Machine Learning
Natural Language Processing
Context-Aware Computing
Computer Vision
Type

Narrow / Weak AI
General / Strong AI
Function

Marketing and Sales
Security
Finance
Law
Human Resource
Others
Deployment Mode

Cloud
On-premises
Organization Size

Large enterprises
Small and medium-sized enterprises
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Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Artificial Intelligence Market Landscape

Part 04: Global Artificial Intelligence Market Sizing

Part 05: Global Artificial Intelligence Market Segmentation By Product

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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