Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

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.

 

Artificial Intelligence Market Report Snapshots

Artificial Intelligence Market Size

Artificial Intelligence Market Growth

Artificial Intelligence Market Trends

Artificial Intelligence Market Share

Artificial Intelligence Manufacturers

Artificial Intelligence Market Regional Analysis

 

*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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Outline the Scope

Key Questions Answered in the Report

The market was valued at USD 2.41 trillion in 2023.

The market is projected to grow at a CAGR of 32.4% between 2024 and 2032.

The revenue generated from the artificial intelligence market is expected to reach USD 30.13 trillion in 2032.

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.

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