According to the recent study the Artificial Intelligence Market is projected to reach an estimated $386 billion by 2030 at a CAGR of 23.5% from 2024 to 2030. Growth in this market is primarily driven by increasing demand for virtual assistance for easy accessibility of services and growing adoption of cloud-based technology.
Browse 106 figures/charts
and 89 tables in this 205-page report to understand trends, opportunities and
forecast in artificial intelligence market by end use industry (media and
advertising, security, automotive, healthcare, retail, fintech, manufacturing,
and others), technology (machine learning, natural learning processing, and
others), product and service (hardware, software, and service), and region
(North America, Europe, Asia Pacific, and the Rest of the World).
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sample by clicking on Artificial Intelligence Market.
“Machine learning market
is expected to remain the largest segment during the forecast period.”
Based on technology, the
artificial intelligence market is segmented into the healthcare, security,
retail, automotive, manufacturing, and financial technology (fintech) sectors.
Lucintel forecasts that the machine learning market is expected to remain the
largest segment due to increasing adoption of this technology in the autonomous
applications and growing consumer preference for IoT-enabled devices.
“Within the artificial intelligence market, the media and
advertising segment is expected to remain the largest end use industry.”
Based on end use
industry the media and advertising segment is expected to witness the highest
growth over the forecast period due to an increasing adoption of
customer-centric marketing strategies and increasing use of social platform for
advertisements.
“Asia pacific will dominate the artificial intelligence market in
near future.”
APAC is projected to
remain the largest region, and it is also expected to witness the highest
growth over the forecast period due to the growing adoption of IoT (internet of
things), increasing installation of smart home devices, and growing industrial
automation in countries, such as China, India, and Taiwan.
Major players of
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. Google,
Siemens AG, Apple Inc., Facebook, Samsung, Microsoft, Amazon, NVIDIA, NEC
Corporation, Intel Corporation, IBM, General Electric are among the major
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 write us at 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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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