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Report Overview
The global artificial intelligence market reached a value of around USD 2.41 Trillion in 2024. The market is projected to grow at a CAGR of 32.40% between 2025 and 2034 to reach nearly USD 39.89 Trillion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- In 2021, global investment in AI doubled to $66.8 billion, as per the International Trade Administration.
- India's 5G launch on Oct 1, 2022, covered 700 districts in 8 months, with 200,000 sites across 28 states and 8 UTs.
- The global video game market reached $159 billion in 2020, with 2.7 billion gamers worldwide, as reported by the International Trade Administration.
Compound Annual Growth Rate
Value in USD Trillion
32.4%
2025-2034
Artificial Intelligence Market Outlook
*this image is indicative*
Artificial Intelligence Market Growth
Artificial Intelligence (AI) includes technologies replicating human cognition such as visual perception, speech recognition, and decision-making. The rise of cloud-based AI services contributes to industry expansion, offering cost advantages over on-site data centres.
Leading public cloud providers incorporate AI tools, improving recommendation engines, price optimization, chatbots, and supply chain management, catering to various industry requirements and advancing technology.
Japan has formulated and updated regulations concerning AI to enhance its beneficial effects on society, avoiding undue restrictions due to exaggerated risks. The focus lies on a flexible, risk-centered approach involving multiple stakeholders, diverging from rigid mandates. The strategy adopted by Japan offers valuable perspectives on worldwide AI regulatory trends.
Key Trends and Developments
AI in healthcare, decentralized training, AI governance and regulation, and AI-human collaboration are the major trends impacting the global artificial intelligence market growth.
AI in healthcare
AI is transforming healthcare with advancements in medical imaging analysis, drug discovery, personalized treatments, and predictive analytics, enhancing patient care and operational efficiency.
Decentralized training
Decentralized training enables machine learning model training on decentralized devices, preserving data privacy and facilitating collaboration without sharing sensitive information.
AI Governance and Regulation
AI governance focuses on creating regulatory frameworks and standards for AI development, tackling concerns such as data privacy, security, and accountability.
AI-Human collaboration
Human-AI collaboration emphasizes AI's role as a tool to enhance human abilities, fostering collaborative systems that boost productivity and decision-making alongside humans.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Artificial Intelligence Market Trends
AI trends involve industry-specific solutions, ethical practices ensuring transparency, edge AI for real-time processing, autonomous systems like self-driving cars, and hardware enhancements for efficiency.
NLP advances improve chatbots and translation services, showcasing AI's diverse applications and enhancing capabilities.
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Artificial Intelligence Industry Segmentation
“Artificial Intelligence Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Solution
- Hardware
- Software
- Services
Market Breakup by Technology
- Machine Learning
- Natural Language Processing (NLP)
- Context-Aware Computing
- Computer Vision
- Robotics
Market Breakup by Type
- Narrow/Weak AI
- General/Strong AI
Market Breakup by End Use
- Healthcare
- BFSI
- Automotive and Transportation
- Security
- Aerospace
- Defence
- Agriculture
- Retail
- Financial
- Manufacturing
- Advertisement and Marketing
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Artificial Intelligence Market Share
Deployment of AI-based software across industries has increased in order to enhance efficiency and productivity
AI software facilitates algorithm creation, model deployment, optimization, data system integration, and customization. It facilitates performance enhancement, data access, and adaptation, meeting evolving business needs.
AI hardware like GPUs and TPUs accelerates processing, boosts energy efficiency, enables scalability, and supports edge computing, resulting in quicker computations, cost-efficiency, flexible deployment, and real-time inference capabilities.
The BFSI sector is utilizing real-time transactional data analysis to identify fraudulent activities and patterns, bolstering security, and reducing financial losses for both banks and customers.
In the BFSI sector, AI strengthens security by detecting fraud, assists in risk evaluation by analysing credit and market trends, enhances customer service with chatbots, and ensures regulatory adherence, reducing risks and boosting operational effectiveness.
In the healthcare sector, AI supports diagnostic precision, enables personalized treatment using patient data, predicts disease outbreaks and treatment responses, and improves administrative efficiency through task automation, error reduction, and productivity optimisation.
Leading Manufacturers in the Artificial Intelligence Market
The companies are pioneers in computer technology, spanning hardware, software, and cognitive solutions, fostering advancements in technology, and business.
Google LLC
Google LLC, established in 1998 and based in Mountain View, California, is a global leader in internet services, search engines, and technology innovation, significantly influencing digital environments with its diverse range of products and services.
Microsoft Corporation
Microsoft Corporation, founded in 1975 and headquartered in Redmond, Washington, stands as a major player in the technology industry, celebrated for its software, operating systems, and cloud computing solutions, playing a pivotal role in global digital advancement.
IBM Corporation
IBM Corporation, with roots dating back to 1911 and headquartered in Armonk, New York, is a trailblazer in computer hardware, software, and cognitive solutions, driving progress in technology, business, and society for more than a century.
Intel Corporation
Intel Corporation, established in 1968 and based in Santa Clara, California, holds a prominent position in the semiconductor industry, shaping the digital landscape with its cutting-edge processors, and propelling the evolution of computing and technological advancement.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players in the global artificial intelligence market are Cisco Systems, Inc., Apple Inc., and NVIDIA Corporation, among others.
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Artificial Intelligence Market Analysis by Region
North America leads as the primary market, fuelled by substantial investments from major tech firms in developing AI for diverse industry applications.
In the United States, the Algorithmic Accountability Act of 2022 was presented in Congress in February, while Canada introduced the Artificial Intelligence and Data Act (AIDA) in June 2022, mandating risk management and information disclosure for high-impact AI systems.
In the Asia Pacific, AI serves as a vital support system for workers, enhancing connectivity, well-being strategies, and organizational performance tracking, leading to the AI market expansion.
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Artificial Intelligence Market Report Snapshots
Artificial Intelligence Market Size
Artificial Intelligence Market Growth
Artificial Intelligence Market Trends
Artificial Intelligence Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate value of USD 2.41 Trillion.
The market is projected to grow at a CAGR of 32.40% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 39.89 Trillion by 2034.
The market is categorised according to the solutions, which include hardware, software, and services.
The key market players are Google LLC, Microsoft Corporation, IBM Corporation, Intel Corporation, Cisco Systems, Inc., Apple Inc., and NVIDIA Corporation, among others.
Based on the type, the market is divided into narrow/weak AI and general/strong AI.
Based on the technology, the market is divided into machine learning, natural language processing (NLP), context-aware computing, computer vision and robotics.
The market is broken down into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Solution |
|
| Breakup by Technology |
|
| Breakup by Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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