Press release
Emerging Trends Influencing The Growth Of The Artificial Intelligence (AI) Software Market: Empowering Cybersecurity With Innovative Security AI Products
Artificial Intelligence (AI) Software
How Big Is the Artificial Intelligence (AI) Software Market Size Expected to Be by 2034?
The boom in the artificial intelligence (AI) software market has been remarkable over the years. The market, which is predicted to rise from $222.57 billion in 2024, is expected to reach $294.71 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 32.4%. The exceptional growth during the preceding era can be credited to factors such as image recognition and analysis, the use of recommendation engine tools, the adoption of robotic process automation (RPA) tools, the emergence of healTH*Care AI solutions, and the backing of regulatory support and ethical guidelines.
The AI software market is projected to undergo significant growth in the coming years, expanding to a value of $896.32 billion in 2029 while witnessing a compound annual growth rate (CAGR) of 32.1%. This imminent growth within the forecast duration is due to the broadening adoption of AI in various industrial applications, the emergence of edge AI couples with IoT, increasing use of AI in the healTH*Care sector, and the growth of autonomous and robotic systems. Key trends that will likely shape the forecast period include the use of AI for automation and enhancement purposes, transformative AI in healTH*Care, AI's growing role in cybersecurity, and the use of AI in promoting climate and environmental sustainability.
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What Are the Emerging Segments Within the Artificial Intelligence (AI) Software Market?
The artificial intelligence (AI) software market covered in this report is segmented -
1) By Deployment Model: On-Premises, Cloud
2) By Technology: Computer Vision, Data Analytics, Machine Learning, Natural Language Processing, Other Technologies
3) By Application: Voice Processing, Text Processing, Image Processing
4) By End-User: Law, Retail, HealTH*Care, Banking, Financial Services, And Insurance, Advertising And Media, Automotive And Transportation, Agriculture, Manufacturing, Others End-Users
Subsegments:
1) By On-Premises: Enterprise AI Solutions, Edge AI Solutions, AI For Data Centers, AI For Manufacturing And Industrial Applications
2) By Cloud: Cloud-Based AI Platforms, AI-As-A-Service (AIaaS), Cloud Machine Learning Services, Cloud AI Analytics Services, Cloud AI Integration Tools
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What Long-Term Drivers Are Shaping Artificial Intelligence (AI) Software Market Trends?
The growth of the artificial intelligence (AI) software market is predicted to be catalyzed by the escalating investments in AI startups. These startups, which specialize in developing and employing artificial intelligence (AI) technologies to address distinct issues or meet market requirements, have seen a surge in investments. This increase is due to the growing demand for AI solutions in various industries as well as the cost-effectiveness and scalability of AI. These investments provide a vital boost to the marketing and sales efforts of AI companies, allowing them to broaden their market footprint and encourage the uptake of their software solutions. For example, as per the International Trade Administration, a US government agency, the AI market in the UK currently exceeds $21 billion and is forecasted to surpass $1 trillion by 2035. It follows that the booming investments in AI startups are a significant propellant for the expansion of the artificial intelligence (AI) software market.
Who Are the Top Competitors in Key Artificial Intelligence (AI) Software Market Segments?
Major companies operating in the artificial intelligence (AI) software market are Amazon.com Inc., Apple Inc., Google Plc, Meta Platforms Inc., Tencent Holdings Limited, Intel Corporation, accen*ture plc, International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Oracle Corporation, SAP SE, Salesforce.com Inc., NVIDIA Corporation, Cognizant Technology Solutions Corporation, Adobe Inc., Baidu Inc., Infosys Limited, Wipro Limited, Micro Focus International plc, Palantir Technologies Inc., OpenAI, Nuance Communications Inc., UiPath Inc., Automation Anywhere Inc., CognitiveScale Inc.
What Artificial Intelligence (AI) Software Market Trends Are Gaining Traction Across Different Segments?
Leading organizations in the artificial intelligence (AI) software market are prioritizing the development of superior solutions such as Security Copilot to amplify the cybersecurity abilities for their customers. Security Copilot is a cutting-edge tool that uses artificial intelligence (AI) to strengthen security measures and tackle cyber threats via large-scale data analysis and automation of different cybersecurity activities. For instance, in March 2024, the US-based tech giant, Microsoft Corporation, unveiled Security Copilot, an AI product created to equip security squads with the tools to identify and counter threats efficiently. This instrument brings together a specific language model with skills unique to security, backed by global threat awareness, offering customized insights and suggestions for cybersecurity undertakings. Its primary focus is to condense extensive data signals into crucial insights, preemptively identify potential cyber threats and bolster security defenses effectively.
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Which Regions Are Becoming Hubs for Artificial Intelligence (AI) Software Market Innovation?
North America was the largest region in the artificial intelligence (AI) software market in 2024. The regions covered in the artificial intelligence (AI) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Artificial Intelligence (AI) Software Market?
2. What is the CAGR expected in the Artificial Intelligence (AI) Software Market?
3. What Are the Key Innovations Transforming the Artificial Intelligence (AI) Software Industry?
4. Which Region Is Leading the Artificial Intelligence (AI) Software Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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