The global artificial intelligence market in 2020 is estimated for more than US$ 46.7 Bn and expected to reach a value of US$ 795.2 Bn by 2028 with a significant CAGR of 42.6%.
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The report is titled as ‘Artificial Intelligence Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the artificial intelligence market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The artificial intelligence market is expected to grow at a significant rate in the near future.
The global artificial intelligence market in 2020 is estimated for more than US$ 46.7 Bn and expected to reach a value of US$ 795.2 Bn by 2028 with a significant CAGR of 42.6%.
Artificial Intelligence (AI) refers to the disruptive innovation and new technology that imitates human intelligence in machines that are particularly programmed to function like humans and simulate their actions. AI is an integration of various technologies inclusive of deep learning and machine learning which assists in the generation of software and hardware used for several different objectives such as reasoning, problem-solving, linguistic intelligence, and perception.
Artificial Intelligence is constantly developing to promote several different industries comprising financial, automotive, and healthcare industries. It is also modifying economies, improving productivity, enhancing effectiveness, and lessening costs by making an abstract change in every industry. Over the past few years, Artificial intelligence has been one of the swiftly proliferating technologies.
Noticeably, Artificial intelligence is located at the root of the next-generation software technologies in the market. Also, the major market giants such as IBM, Google, Microsoft, and other key players have earnestly enforced artificial intelligence as an essential part of their technologies. Owing to this, the artificial intelligence market is projected to grow rapidly in the forthcoming years.
In recent years, every industry is starting to become technologically advanced and adopt smart products and equipment in order to increase their efficiency and compete in the global market. Artificial Intelligence is one of the swiftly burgeoning technologies, these days, which have the potential to simulate human intelligence into machines which in turn, can assist in reasoning, perception, as well as problem-solving.
Attributing to this, the artificial intelligence market is projected to elevate higher in the forthcoming future. Along with that, the surging global acceptance of cloud-based services and applications and smart virtual assistance is also expected to give a positive push to the growth of the global artificial intelligence market in the upcoming years.
Also, the soaring adoption of the Internet of Things (IoT) in numerous industries all across the world is another factor that is estimated to give a breakthrough to the growth of the artificial intelligence market in the near future. Additionally, the rising huge chunk of data or big data in different industries is also supporting the growth of the artificial intelligence market.
However, the risk of breach of privacy and varying algorithms is likely to restrict the growth of the artificial intelligence market in the coming years.
The Artificial Intelligence market is segmented on the basis of offering, end-user industry, and region.
• Hardware
o Processors
MPU
GPU
FPGA
Others
o Memory
o Network
• Software
o AI Platforms
Application Program Interface (API)
Machine Learning Framework
o AI Solutions
On-Premise
On Cloud
• Services
o Deployment & Integration
o Support & Maintenance
• Healthcare
• Manufacturing
• Automotive
• Retail
• Security
• Human Resources
• Marketing
• Law
• FIntech
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa
Some of the key participating players in Artificial Intelligence market are
• Intel
• NVIDIA
• Xilinx
• Samsung
• Micron Technology
• IBM
• Microsoft
• Amazon Web Services AWS
• Oracle
• SalesForce
• SAS
• SAP
• General Electric
• CISCO
• Rockwell
• Siemens
• Mellanox Technologies
• Baidu
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the Artificial Intelligence market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
• New product designs and launches
• Current product compliance
• Reimbursement
• Concerns for use of Artificial Intelligence
• Advantages of Artificial Intelligence
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make an informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, its product sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
1. Global Artificial Intelligence Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Artificial Intelligence Market Overview
2.1. Introduction
2.1.1. Market Definition
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Artificial Intelligence Market Snapshot
2.4. Global Artificial Intelligence Market Size and Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Artificial Intelligence Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. Global Artificial Intelligence Market, By Offering
3.1. Introduction
3.1.1. Annual Growth Rate Comparison, By Offering
3.1.2. BPS Analysis, By Offering
3.2. Market Revenue (US$Mn) Forecast, By Offering
3.2.1. Hardware
3.2.1.1. Processors
3.2.1.1.1. MPU
3.2.1.1.2. GPU
3.2.1.1.3. FPGA
3.2.1.1.4. Others
3.2.1.2. Memory
3.2.1.3. Network
3.2.2. Software
3.2.2.1. AI Platforms
3.2.2.1.1. Application Program Interface (API)
3.2.2.1.2. Machine Learning Framework
3.2.2.2. AI Solutions
3.2.2.2.1. On Premises
3.2.2.2.2. Cloud
3.2.3. Services
3.2.3.1. Deployment & Integration
3.2.3.2. Support & Maintenance
3.3. Global Artificial Intelligence Market Attractiveness Index, By Offering
4. Global Artificial Intelligence Market, By End User Industry
4.1. Introduction
4.1.1. Annual Growth Rate Comparison, By End User Industry
4.1.2. BPS Analysis, By End User Industry
4.2. Market Revenue (US$Mn) Forecast, By End User Industry
4.2.1. Healthcare
4.2.2. Manufacturing
4.2.3. Automotive
4.2.4. Retail
4.2.5. Security
4.2.6. Human Resources
4.2.7. Marketing
4.2.8. Law
4.2.9. Fintech
4.3. Global Artificial Intelligence Market Attractiveness Index, By End User Industry
5. Global Artificial Intelligence Market, By Region
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Region
5.1.2. BPS Analysis, By Region
5.2. Market Revenue (US$Mn) Forecast, By Region
5.2.1. North America
5.2.2. Latin America
5.2.3. Europe
5.2.4. Asia Pacific
5.2.5. Middle East
5.2.6. Africa
5.3. Global Artificial Intelligence Market Attractiveness Index, By Region
6. North America Artificial Intelligence Market Analysis and Forecast, 2020–2028
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Country
6.1.2. BPS Analysis, By Country
6.2. Artificial Intelligence Market (US$Mn) Value Forecast, By Country
6.2.1. U.S. Artificial Intelligence Market
6.2.2. Canada Artificial Intelligence Market
6.3. North America Artificial Intelligence Market, By Offering
6.3.1. Hardware
6.3.1.1. Processors
6.3.1.1.1. MPU
6.3.1.1.2. GPU
6.3.1.1.3. FPGA
6.3.1.1.4. Others
6.3.1.2. Memory
6.3.1.3. Network
6.3.2. Software
6.3.2.1. AI Platforms
6.3.2.1.1. Application Program Interface (API)
6.3.2.1.2. Machine Learning Framework
6.3.2.2. AI Solutions
6.3.2.2.1. On Premises
6.3.2.2.2. Cloud
6.3.3. Services
6.3.3.1. Deployment & Integration
6.3.3.2. Support & Maintenance
6.4. North America Artificial Intelligence Market, By End User Industry
6.4.1. Healthcare
6.4.2. Manufacturing
6.4.3. Automotive
6.4.4. Retail
6.4.5. Security
6.4.6. Human Resources
6.4.7. Marketing
6.4.8. Law
6.4.9. Fintech
6.5. North America Artificial Intelligence Market Attractiveness Index
6.5.1. By Country
6.5.2. By Offering
6.5.3. By End User Industry
7. Latin America Artificial Intelligence Market Analysis and Forecast, 2020–2028
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Country
7.1.2. BPS Analysis, By Country
7.2. Artificial Intelligence Market (US$Mn) Value Forecast, By Country
7.2.1. Brazil Artificial Intelligence Market
7.2.2. Mexico Artificial Intelligence Market
7.2.3. Argentina Artificial Intelligence Market
7.2.4. Rest of Latin America Artificial Intelligence Market
7.3. Latin America Artificial Intelligence Market, By Offering
7.3.1. Hardware
7.3.1.1. Processors
7.3.1.1.1. MPU
7.3.1.1.2. GPU
7.3.1.1.3. FPGA
7.3.1.1.4. Others
7.3.1.2. Memory
7.3.1.3. Network
7.3.2. Software
7.3.2.1. AI Platforms
7.3.2.1.1. Application Program Interface (API)
7.3.2.1.2. Machine Learning Framework
7.3.2.2. AI Solutions
7.3.2.2.1. On Premises
7.3.2.2.2. Cloud
7.3.3. Services
7.3.3.1. Deployment & Integration
7.3.3.2. Support & Maintenance
7.4. Latin America Artificial Intelligence Market, By End User Industry
7.4.1. Healthcare
7.4.2. Manufacturing
7.4.3. Automotive
7.4.4. Retail
7.4.5. Security
7.4.6. Human Resources
7.4.7. Marketing
7.4.8. Law
7.4.9. Fintech
7.5. Latin America Artificial Intelligence Market Attractiveness Index
7.5.1. By Country
7.5.2. By Offering
7.5.3. By End User Industry
8. Europe Artificial Intelligence Market Analysis and Forecast, 2020–2028
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Country
8.1.2. BPS Analysis, By Country
8.2. Artificial Intelligence Market (US$Mn) Value Forecast, By Country
8.2.1. U.K. Artificial Intelligence Market
8.2.2. Germany Artificial Intelligence Market
8.2.3. Italy Artificial Intelligence Market
8.2.4. France Artificial Intelligence Market
8.2.5. Spain Artificial Intelligence Market
8.2.6. Russia Artificial Intelligence Market
8.2.7. Poland Artificial Intelligence Market
8.2.8. BENELUX Artificial Intelligence Market
8.2.9. NORDIC Artificial Intelligence Market
8.2.10. Rest of Europe Artificial Intelligence Market
8.3. Europe Artificial Intelligence Market, By Offering
8.3.1. Hardware
8.3.1.1. Processors
8.3.1.1.1. MPU
8.3.1.1.2. GPU
8.3.1.1.3. FPGA
8.3.1.1.4. Others
8.3.1.2. Memory
8.3.1.3. Network
8.3.2. Software
8.3.2.1. AI Platforms
8.3.2.1.1. Application Program Interface (API)
8.3.2.1.2. Machine Learning Framework
8.3.2.2. AI Solutions
8.3.2.2.1. On Premises
8.3.2.2.2. Cloud
8.3.3. Services
8.3.3.1. Deployment & Integration
8.3.3.2. Support & Maintenance
8.4. Europe Artificial Intelligence Market, By End User Industry
8.4.1. Healthcare
8.4.2. Manufacturing
8.4.3. Automotive
8.4.4. Retail
8.4.5. Security
8.4.6. Human Resources
8.4.7. Marketing
8.4.8. Law
8.4.9. Fintech
8.5. Europe Artificial Intelligence Market Attractiveness Index
8.5.1. By Country
8.5.2. By Offering
8.5.3. By End User Industry
9. Asia Pacific Artificial Intelligence Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Artificial Intelligence Market (US$Mn) Value Forecast, By Country
9.2.1. China Artificial Intelligence Market
9.2.2. India Artificial Intelligence Market
9.2.3. Japan Artificial Intelligence Market
9.2.4. Australia and New Zealand Artificial Intelligence Market
9.2.5. South Korea Artificial Intelligence Market
9.2.6. ASEAN Artificial Intelligence Market
9.2.7. Rest of Asia Pacific Artificial Intelligence Market
9.3. Asia Pacific Artificial Intelligence Market, By Offering
9.3.1. Hardware
9.3.1.1. Processors
9.3.1.1.1. MPU
9.3.1.1.2. GPU
9.3.1.1.3. FPGA
9.3.1.1.4. Others
9.3.1.2. Memory
9.3.1.3. Network
9.3.2. Software
9.3.2.1. AI Platforms
9.3.2.1.1. Application Program Interface (API)
9.3.2.1.2. Machine Learning Framework
9.3.2.2. AI Solutions
9.3.2.2.1. On Premises
9.3.2.2.2. Cloud
9.3.3. Services
9.3.3.1. Deployment & Integration
9.3.3.2. Support & Maintenance
9.4. Asia Pacific Artificial Intelligence Market, By End User Industry
9.4.1. Healthcare
9.4.2. Manufacturing
9.4.3. Automotive
9.4.4. Retail
9.4.5. Security
9.4.6. Human Resources
9.4.7. Marketing
9.4.8. Law
9.4.9. Fintech
9.5. Asia Pacific Artificial Intelligence Market Attractiveness Index
9.5.1. By Country
9.5.2. By Offering
9.5.3. By End User Industry
10. Middle East Artificial Intelligence Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Artificial Intelligence Market (US$Mn) Value Forecast, By Country
10.2.1. GCC Countries Artificial Intelligence Market
10.2.2. Israel Artificial Intelligence Market
10.2.3. Oman Artificial Intelligence Market
10.2.4. Rest of Middle East Artificial Intelligence Market
10.3. Middle East Artificial Intelligence Market, By Offering
10.3.1. Hardware
10.3.1.1. Processors
10.3.1.1.1. MPU
10.3.1.1.2. GPU
10.3.1.1.3. FPGA
10.3.1.1.4. Others
10.3.1.2. Memory
10.3.1.3. Network
10.3.2. Software
10.3.2.1. AI Platforms
10.3.2.1.1. Application Program Interface (API)
10.3.2.1.2. Machine Learning Framework
10.3.2.2. AI Solutions
10.3.2.2.1. On Premises
10.3.2.2.2. Cloud
10.3.3. Services
10.3.3.1. Deployment & Integration
10.3.3.2. Support & Maintenance
10.4. Middle East Artificial Intelligence Market, By End User Industry
10.4.1. Healthcare
10.4.2. Manufacturing
10.4.3. Automotive
10.4.4. Retail
10.4.5. Security
10.4.6. Human Resources
10.4.7. Marketing
10.4.8. Law
10.4.9. Fintech
10.5. Middle East Artificial Intelligence Market Attractiveness Index
10.5.1. By Country
10.5.2. By Offering
10.5.3. By End User Industry
11. Africa Artificial Intelligence Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Artificial Intelligence Market (US$Mn) Value Forecast, By Country
11.2.1. South Africa Artificial Intelligence Market
11.2.2. Egypt Artificial Intelligence Market
11.2.3. North Africa Artificial Intelligence Market
11.2.4. Rest of Africa Artificial Intelligence Market
11.3. Africa Artificial Intelligence Market, By Offering
11.3.1. Hardware
11.3.1.1. Processors
11.3.1.1.1. MPU
11.3.1.1.2. GPU
11.3.1.1.3. FPGA
11.3.1.1.4. Others
11.3.1.2. Memory
11.3.1.3. Network
11.3.2. Software
11.3.2.1. AI Platforms
11.3.2.1.1. Application Program Interface (API)
11.3.2.1.2. Machine Learning Framework
11.3.2.2. AI Solutions
11.3.2.2.1. On Premises
11.3.2.2.2. Cloud
11.3.3. Services
11.3.3.1. Deployment & Integration
11.3.3.2. Support & Maintenance
11.4. Africa Artificial Intelligence Market, By End User Industry
11.4.1. Healthcare
11.4.2. Manufacturing
11.4.3. Automotive
11.4.4. Retail
11.4.5. Security
11.4.6. Human Resources
11.4.7. Marketing
11.4.8. Law
11.4.9. Fintech
11.5. Africa Artificial Intelligence Market Attractiveness Index
11.5.1. By Country
11.5.2. By Offering
11.5.3. By End User Industry
12. Recommendation
12.1. Market Strategy
13. Competitive Landscape
13.1. Competition Dashboard
13.2. List and Company Overview of Global Key Players
13.3. Company Profiles
13.3.1. Intel
13.3.1.1. Company Overview
13.3.1.2. Financial Overview
13.3.1.3. Product Portfolio
13.3.1.4. Key Developments
13.3.1.5. Business Strategies
13.3.2. NVIDIA
13.3.3. Xilinx
13.3.4. Samsung
13.3.5. Facebook
13.3.6. Micron Technology
13.3.7. IBM
13.3.8. Google
13.3.9. Microsoft
13.3.10. Amazon Web Services AWS
13.3.11. Oracle
13.3.12. SalesForce
13.3.13. SAS
13.3.14. SAP
13.3.15. General Electric
13.3.16. CISCO
13.3.17. Rockwell
13.3.18. Siemens
13.3.19. Mellanox Technologies
13.3.20. Baidu
14. Acronyms
