According to the recent study the software artificial intelligence market is projected to reach an estimated $24.7 billion by 2028 from $8.8 billion in 2023, at a CAGR of 22.9% from 2023 to 2028. Growth in this market is primarily driven by growing demand for self-driving cars and robots, increasing adoption of cloud based applications and services, and rising demand for intelligent virtual assistants.
A more than 150–page report is
developed to understand trends, opportunities and forecast in software
artificial intelligence market by deployment model (on-premises and cloud),
offering (hardware, software, and services), application (voice processing,
text processing, and image processing), end use industry (healthcare, BFSI,
law, retail, advertising and media, automotive & transportation,
agriculture, and manufacturing), and region (North America, Europe, Asia
Pacific, and the Rest of the World).
Download sample report by clicking
on below link
https://www.lucintel.com/software-artificial-intelligence-market.aspx
“Software market is expected to remain
the largest segment during the forecast period.”
Based on offering, the
software artificial intelligence market is segmented into hardware, software,
and services. Lucintel forecasts that the software market is expected to remain
the largest segment due to its ability of extracting data and provide real-time
analytics. Software also helps in supporting the decision-making process.
“Within the software artificial intelligence market, the BFSI
segment is expected to remain the largest end use industry.”
Based on end use
industry the BFSI segment is expected to witness the highest growth over the
forecast period due to increasing demand for artificial intelligence software
to fight against cyber-attack and fraudulent activities and to deliver enhanced
customer services.
“North America will dominate the software artificial intelligence
market in near future.”
North America will
remain the largest region during the forecast period due to increasing
penetration of artificial intelligence software in electronic devices and
implementation of 5G technologies.
Download Brochure of this report by clicking on https://www.lucintel.com/software-artificial-intelligence-market.aspx.
Major players of
software artificial intelligence market are adopting various growth strategies
like new product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market.
Advanced Micro Devices, Baidu, Atomwise, IBM, Oracle, Cisco, Google LLC, Intel
Corporation, Microsoft, and Lifegraph are among the major software artificial
intelligence providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/software-artificial-intelligence-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer
solutions for you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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