Press release
Key Factor Supporting Global Artificial Intelligence (AI) Engineering Market Development in 2025: The Impact Of Automation On The Artificial Intelligence (AI) Engineering Landscape
Artificial Intelligence (AI) Engineering Market
How Large Will the Artificial Intelligence (AI) Engineering Market Size By 2025?
The market size of artificial intelligence (ai) engineering has seen remarkable growth in the recent past. It's projected to expand from $15.67 billion in 2024 to $21.39 billion in 2025 with a compound annual growth rate (CAGR) of 36.5%. This surge during the historical period is linked to enhanced computing capabilities, ample availability of big data, increased need for automation, and the growth of cloud computing.
How Big Is the Artificial Intelligence (AI) Engineering Market Size Expected to Grow by 2029?
The market for artificial intelligence (ai) engineering is projected to witness substantial expansion over the next few years. The market is estimated to surge to $83.3 billion by 2029, with a compound annual growth rate (CAGR) of 40.5%. Factors contributing to this predicted growth during the forecast period include a growing need for AI-fuelled cybersecurity solutions, the increasing presence of edge computing, an expanded role of AI in the healthcare sector, and a surge in customer service applications of AI. Upcoming trends in the forecast period comprise the evolution of interpretable AI, the burgeoning usage of AI in pharmaceutical discovery and medical research, the widened application of AI in personnel management, the appearance of AI-propelled design and creative tools, and an escalating emphasis on ethical AI development.
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Which Key Market Drivers Powering Artificial Intelligence (AI) Engineering Market Expansion and Growth?
Anticipated market growth in AI engineering is expected to be fueled by the swift uptake of automation. This refers to the use of technology specifically developed to produce and distribute various products and services with minimal human intervention. This automation within the AI engineering sector expedites processes, increases productivity, and simplifies procedures, resulting in the widespread use of AI technology across multiple industries. For instance, the International Federation of Robotics, a non-profit organization based in Germany, reported in April 2024 that the total number of installed industrial robots had grown by 12%, hitting 44,303 units in the year 2023. Consequently, the quick embracement of automation is propelling the artificial intelligence (AI) engineering market.
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Which Fast-Growing Trends Are Poised to Disrupt the Artificial Intelligence (AI) Engineering Market?
The increasing adoption of technological innovation is a prominent trend observed in the artificial intelligence (AI) engineering market. Leading firms in the AI engineering market are employing novel technologies to maintain their market standing. For instance, Mach9 Robotics Inc., an American geospatial technology company, introduced new geospatial production software in March 2023. This innovative tool employs computer vision and AI to swiftly produce 2D and 3D CAD engineering deliverables. This shift from hardware-oriented to software-oriented business model by Mach9 was influenced by the growing demand for efficient tools that accelerate the processing and analysis of geospatial data for infrastructure management.
What Are the Emerging Segments in the Artificial Intelligence (AI) Engineering Market?
The artificial intelligence (ai) engineeringmarket 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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Who Are the Global Leaders in the Artificial Intelligence (AI) Engineering Market?
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 are the Top Profitable Regional Markets for the Artificial Intelligence (AI) Engineering Industry?
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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