Artificial Intelligence Market Potential Effect on Upcoming Future Growth, Competitive Analysis and Forecast 2029


Artificial Intelligence Market was valued at US$ 92.8 Bn. in 2021 and the total Artificial Intelligence revenue is expected to grow at 25.4% from 2022 to 2029, reaching nearly US$ 567.45 Bn.

Artificial Intelligence Market Overview: 

The primary characteristics of the market are evaluated through market research based on supply, demand, viability, and current trends. In the market research, forecasts for the years 2022–2027 are also provided. The Artificial Intelligence report estimates and forecasts potential growth in the worldwide Artificial Intelligence market at each point in time using statistical data and extensive research, taking into account both the qualitative and quantitative values of important elements including historical, current, and future trends. The study examines the potential for the market as well as the current Artificial Intelligence market. In-depth analyses of corporate performance, market share, and cost analysis data are also included in the research.

Forecasts for product sales are also included in this market study, which can assist companies in launching new products and prevent them from making costly errors. It draws attention to the areas where the organization has to make changes to succeed. This market research report provides the most recent trends to assist start the business and gain a considerable advantage, making it easy to spot new chances to keep a competitive edge. One of the most crucial parts of the study is an evaluation of the brand's overview, market revenue, and financial analysis from the leading vendors in the ## industry.

In our study, we cover every aspect of the market. All information for the study was gathered through press releases and yearly reports, and it looked closely at all the good things, the limitations, the potential, and the obstacles. The goal of the study is to recommend a patent-based method for locating possible technology partners in order to encourage open innovation. By using the market share research and comparison of the top companies in the study, users can take extra steps toward the growth or improvement of their organization.

Our team is examining the impact of COVID-19 on several industrial sectors and giving the customer authenticated data. Our understanding of the market is aided by this information. Consult our expert monitoring, which outlines all of the influencing factors and the influence of COVID on each key player, to fully understand the impact and factors of COVID-19 on the Artificial Intelligence market.

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Artificial Intelligence Market Segmentation:

By Solution, the software segment dominated the AI market in 2021 with total shares of 37.3%. The growth can be ascribed to advancements in information storage capacity, high computing power, and parallel processing capabilities to provide high-end services. Also, the capacity to collect data, give real-time insights, and enhance decision-making has positioned it to grab the majority of the market. Libraries for creating and implementing AI systems, including primitives, linear algebra, inference, sparse matrices, video analytics, and numerous hardware connection capabilities, are included in artificial intelligence software packages. Over the forecast period, the necessity for organizations to comprehend and analyze visual material to acquire relevant insights is likely to drive the use of artificial intelligence software.

Artificial Intelligence Market Key Players:

• Advanced Micro Devices
• AiCure
• Arm Limited
• Atomwise, Inc.
• Ayasdi AI LLC
• Baidu, Inc.
• Clarifai, Inc
• Cyrcadia Health
• Enlitic, Inc.
• Google LLC
• H2O.ai.
• HyperVerge, Inc.
• International Business Machines Corporation
• Intel Corporation
• Iris.ai AS.
• Lifegraph
• Microsoft
• NVIDIA Corporation
• Sensely, Inc.
• Zebra Medical Vision, Inc.

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Published in

Industry , Instrument

Published on

Nov 27, 2022

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