2025 Applied Artificial intelligence (AI) Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Applied Artificial intelligence (AI) Market Size By 2025?
The market size of applied artificial intelligence (AI) has seen immense growth in the past few years. It is estimated to expand from $177.28 billion in 2024 to $225.79 billion in 2025, with a compound annual growth rate (CAGR) of 27.4%. The remarkable growth during the historical period can be traced back to factors such as greater availability of data, increased usage of cloud computing, surge in automation demand, investments in AI research and development, and regulations and compliance needs.

How Big Is the Applied Artificial intelligence (AI) Market Size Expected to Grow by 2029?
Expectations are high for the applied artificial intelligence (AI) market in the coming years, with predictions of exceptional expansion. It's anticipated that the market will reach a valuation of $587.3 billion by 2029, suggesting a compound annual growth rate (CAGR) of 27.0%. The reasons behind such marked growth can be traced back to the broadening scope of AI capabilities, the increased emphasis on AI ethics and governance, growth in the edge computing sector, the prominence of AI-driven personalization, and strengthened collaboration between AI service providers and industry pioneers. Significant trends anticipated for this forecast period include the fusion of AI with the Internet of Things (IoT), advancements in AI technology, AI-empowered automation, AI-backed decision support systems, and solutions for cybersecurity powered by AI.

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Which Key Market Drivers Powering Applied Artificial intelligence (AI) Market Expansion and Growth?
The growth of the applied artificial intelligence (AI) market is expected to be driven by the rising availability of data. The term data availability refers to how readily accessible and usable data is for analytical and decision-making purposes. The surge in data availability comes from the rapid expansion of digital devices, internet growth, and advancements in data storage and processing technologies. These advancements allow for the careful collection, storage, and access of more data than ever before. Applied AI takes advantage of increased data availability by improving decision-making, enhancing predictive analytics, and optimizing industry operations through effective data analysis. A recent report by The Linux Foundation in December 2022, for instance, pointed to a significant data growth in average end-user organizations, with figures reaching 2,208 TB - a 215.43% increase from the 700 TB reported in 2021. As such, the applied Artificial Intelligence (AI) market's progress will be fueled by increasing data availability.

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Which Fast-Growing Trends Are Poised to Disrupt the Applied Artificial intelligence (AI) Market?
Leading entities in the applied artificial intelligence (AI) market are leveraging AI-based personalization, such as AI-enabled website assistants, to boost the user interface, escalate customer involvement, and amplify conversion rates by rendering customized content and support. AI-enabled website assistants are virtual tools that harness artificial intelligence to engage with users, provision personalized aid, answer questions, and boost the comprehensive user interface on websites. For example, in June 2024, Cognistx, an American applied AI enterprise that designs multi-strategy AI infrastructures to address complex business issues, debuted SQUARY, an AI-enabled website assistant that progresses with user engagement. Contrary to conventional chatbots, SQUARY employs machine learning to comprehend user objectives and deliver precise, tailored responses. It merges with existing systems to guarantee harmonization with corporate objectives. In the healthcare sector, SQUARY provides validated medical data and arranges appointments, whereas in the education domain, it aids with course inquiries, learning materials, and assignments.

What Are the Emerging Segments in the Applied Artificial intelligence (AI) Market?
The applied artificial intelligence (AI) market covered in this report is segmented -

1) By Technology: Machine Learning, Natural Language Processing (NLP), Computer Vision, Expert Systems, Other Technologies
2) By Component: Software, Services
3) By Deployment: Cloud-Based, On-Premise
4) By Application: Healthcare, Automotive, Retail, Finance, Manufacturing, Other Applications
5) By End-User: Large Enterprises, Small And Medium Enterprises (SMEs)

Subsegments:
1) By Machine Learning: Supervised Learning, Unsupervised Learning, Reinforcement Learning, Deep Learning, Neural Networks, Transfer Learning, Ensemble Learning
2) By Natural Language Processing (NLP): Speech Recognition, Text Analytics And Sentiment Analysis, Machine Translation, Chatbots And Virtual Assistants, Named Entity Recognition (NER), Text Summarization, Speech-to-Text And Text-to-Speech
3) By Computer Vision: Image Recognition, Object Detection, Facial Recognition, Video Analytics, Optical Character Recognition (OCR), Image Segmentation, Gesture Recognition
4) By Expert Systems: Rule-Based Expert Systems, Knowledge-Based Expert Systems, Fuzzy Logic Systems, Decision Support Systems, Cognitive Computing Systems
5) By Other Technologies: Robotics Process Automation (RPA), Predictive Analytics, Augmented Reality (AR) And Virtual Reality (VR), Swarm Intelligence, Quantum Computing In AI

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Who Are the Global Leaders in the Applied Artificial intelligence (AI) Market?
Major companies operating in the applied artificial intelligence (AI) market are Apple Inc., Alphabet Inc., Microsoft Corporation, Meta Platforms Inc., Amazon Web Services Inc., Intel Corporation, International Business Machines Corporation, Salesforce Inc., NVIDIA Corporation, Baidu Inc., SAS Institute Inc., HubSpot Inc., Databricks Inc., UiPath Inc., Anthropic PBC, Mango Technologies Inc. (ClickUp), Freshworks Inc., C3.ai Inc., DataRobot Inc., OpenAI L.P., Pipedrive OÜ, Jasper AI Inc., H2O.ai Inc., Deep North Inc., Gridspace Inc.

Which are the Top Profitable Regional Markets for the Applied Artificial intelligence (AI) Industry?
North America was the largest region in the applied artificial intelligence (AI) market in 2024. The regions covered in the applied artificial intelligence (AI) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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