Press release
Comprehensive Artificial Intelligence (AI) Engineering Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Artificial Intelligence (AI) Engineering Market
Artificial Intelligence (AI) Engineering Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the dimension of the Artificial Intelligence (AI) engineering market has witnessed significant expansion. The growth is projected to escalate from a market value of $15.67 billion in 2024 and reach $21.53 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 37.4%. The substantial growth during the historic period can be credited to enhanced computing capabilities, burgeoning availability of large-scale data, escalating demand for automation, and the wide-scale proliferation of cloud computing.
Artificial Intelligence (AI) Engineering Market Size Forecast: What's the Projected Valuation by 2029?
The market size for artificial intelligence (AI) engineering is projected to witness a striking increase in the coming years, expecting to reach a value of $84.38 billion in 2029 with a compound annual growth rate (CAGR) of 40.7%. Factors contributing to this growth during the projected period include the rising demand for AI-integrated cybersecurity solutions, the augmentation of edge computing, deployment of AI in healthcare-related applications, and escalating utilization of AI in customer service. Key trends anticipated within the forecast window encompass the evolution of explainable AI, elevation of AI in the domain of drug discovery and medical research, amplified exploitation of AI in the personnel management field, the appearance of AI-centered design and creativity tools, and an increasing emphasis on the ethical aspects of AI development.
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What Are the Drivers Transforming the Artificial Intelligence (AI) Engineering Market?
The swift embrace of automation is predicted to fuel the expansion of the artificial intelligence (AI) engineering market in the future. Automation is the process of utilizing technology to produce and deliver goods and services with minimal human intervention. In the realm of AI engineering, automation accelerates development, enhances productivity, and organizes processes, leading to the extensive implementation of AI technology in various industries. For example, as reported by the International Federation of Robotics, a non-profit organization based in Germany, the total number of industrial robot installations saw a 12% rise in April 2024, hitting 44,303 units in 2023. As such, the quick uptake of automation is a catalyst for the growth of the artificial intelligence (AI) engineering market.
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What Long-Term Trends Will Define the Future of the Artificial Intelligence (AI) Engineering Market?
The emergence of technological innovation is becoming a prevalent trend in the artificial intelligence (AI) engineering market. Established enterprises within this market are integrating new technologies to retain their competitive edge. As an illustrative example, Mach9 Robotics Inc., a geospatial technology firm based in the US, introduced novel geospatial production software in March 2023. The newly-launched tool deploys computer vision and AI to swiftly generate 2D and 3D CAD engineering deliverables. This deployment is a dramatic shift for Mach9, pivoting from a hardware-first to a software-first business framework in response to the growing necessity for tools which expedite processing and analysis of geospatial data for managing infrastructure.
Which Segments in the Artificial Intelligence (AI) Engineering Market Offer the Most Profit Potential?
The artificial intelligence (AI) engineering market covered in this report is segmented -
1) By Solution: Hardware, Software, Services
2) By Technology: Deep Learning, Machine Learning, Natural Language Processing, Computer Vision
3) By Deployment: On-Cloud, On-Premise
4) By End-User: Healthcare, Automotive And Transportation, Agriculture, Information Technology (IT), Business Management, Other End-Users
Subsegments:
1) By Hardware: AI Processors, Edge Devices, Servers
2) By Software: AI Frameworks And Libraries, Machine Learning Platforms, Natural Language Processing Software, Computer Vision Software
3) By Services: AI Consulting Services, Integration Services, Maintenance And Support Services, Training Services
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Which Firms Dominate the Artificial Intelligence (AI) Engineering Market by Market Share and Revenue in 2025?
Major companies operating in the artificial intelligence (AI) engineering market include Alphabet Inc., Microsoft Corporation, Meta Platform Inc., Dell Technologies Inc., Huawei Technologies Co. Ltd., Sony Group Corporation, Tencent Holdings Limited, Amazon Web Services Inc., Siemens AG, General Electric Company, Intel Corporation, accenture* LLP, International Business Machines Corporation, Samsung Electronics Co. Ltd., Cisco System Inc., Qualcomm Incorporated, Oracle Corporation, SAP SE, Hewlett Packard Enterprise Company, Nvidia Corporation, Salesforce Inc., Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, Baidu Inc., Alibaba Cloud, Zebra Technologies Corporation, Palantir Technologies Inc., UiPath Inc., Verint Systems Inc.
Which Regions Offer the Highest Growth Potential in the Artificial Intelligence (AI) Engineering Market?
North America was the largest region in the artificial intelligence (AI) engineering market in 2024. The regions covered in the artificial intelligence (AI) engineering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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