Global AI Market: Investment & Growth Opportunity Analysis, 2019-2028
- Report ID: 56104
- Date: Dec, 2022
- Pages: 120
- Category: ICT & Media
Global Artificial Intelligence (AI) Market Analysis and Forecast 2019-2028
The global artificial intelligence (AI) market is projected to grow at a CAGR of more than 32% during the forecast period of 2022-2028. The market growth is attributed to the increasing government initiatives coupled with the rising investment in the AI landscape. The expanding use of AI in various industry verticals has drawn government attention and hence resulted in increasing initiatives and investments.
Further, the cost benefits from automation, advancement in deep learning leading to diverse use cases across industries, and increasing adoption of IoT technology in everyday life which is fuelling the growth of the AI market globally.
In addition, AI has gained popularity across industries such as marketing, sales, manufacturing, business management, BFSI, and others. It enables the user to boost efficiency without impacting its quality resulting in lower costs, better time management, and lesser supervisory requirements.
The global AI market is segmented on the basis of Components, organization type, end-user, and region. Based on Components, the market is segmented into Hardware, Software, and Services. On the basis of Software, the market is divided into, Cloud and on-premise. Based on Technology, the market is segmented into, Natural Language Processing (NLP), Image Processing, Machine Learning (ML), Speech Recognition and Others (Robotic Process Automation, Computer Vision). On the basis of Organization Type, the market is segmented into Enterprise and Public Administration.
On the basis of Enterprise, the market is divided into Small and Medium Enterprises (SMEs) and Large Enterprises. Based on the End User, the market is segmented into Automobile & Transportation, Healthcare, Retail & Warehousing, Manufacturing, Banking, Financial Services & Insurance (BFSI), Media & Entertainment, IT & Telecom, and Others (Construction, Legal, Education, Energy & Power, etc.)
Based on region, the market is divided into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East & Africa. Further, North America is divided into US and Canada. Latin America is further segmented on the basis of Brazil, Mexico, and the Rest of Latin America. Western Europe is further segmented into Germany, the UK, France, Spain, Italy, Benelux, Nordic, and the rest of western Europe. Eastern Europe is segmented into Russia, Poland, and the rest of Eastern Europe.
Based on the Asia Pacific, the market is further segmented into China, India, Japan, South Korea, Australia, ASEAN (Indonesia, Vietnam, Malaysia, etc.) countries, and the rest of Asia Pacific. Lastly, on the basis of the Middle East & Africa market is segmented into GCC Countries, South Africa, Turkey, and the rest of the Middle East & Africa.
Market structure and competitive landscape
The global AI market is fragmented in nature, some of the prominent players that contribute significantly to the global AI market include, IBM Corp., Intel Corp., Google LLC, Microsoft Corp., Cisco Systems Inc., Oracle Corp., SAP SE, Meta, Salesforce Inc., Amazon.com Inc., Apple Inc., Nvidia Corp., Palantir Technologies Inc., C3.ai Inc., Micron Technology Inc., and others.
Product Launches, Mergers & Acquisitions, joint ventures, and R&D activities are key strategies adopted by the players in the global AI Market. These companies adopt numerous approaches to strengthen their market share and gain a competitive edge over other competitors in the market.
Some of the key developments in the global AI market include,
• In August 2022, Amazon entered into a definitive merger agreement under which Amazon will acquire iRobot. iRobot builds innovative cleaning products for the home making the lives of households easier. The deal has been valued at about US$ 1.7 billion.
• In June 2022, Salesforce announced to expand its financial services offerings built specifically for banking, wealth management, and insurance institutions. Salesforce for financial services will now offer more targeted and trusted automation and AI powered by Client 360.
Global AI Market Analysis and Forecast 2019-2028
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players’ expenditures, and economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Government Laws & Regulations
8. Global and Regional Market Dynamics
9. Global AI Market: Use Case Analysis
9.1. By Industry
9.1.1. Automobile & Transportation
9.1.3. Retail & Warehousing
9.1.5. Banking, Financial Services & Insurance (BFSI)
9.1.6. Media & Entertainment
9.1.7. IT & Telecom
9.1.8. Others (Construction, Legal, Education, Energy & Power, etc.)
10. Key Funding Assessment
10.1. Startups by Key Industries
10.1.1. Automobile & Transportation
10.1.3. Retail & Warehousing
10.1.5. Banking, Financial Services & Insurance (BFSI)
10.1.6. Media & Entertainment
10.1.7. IT & Telecom
10.1.8. Others (Construction, Legal, Education, Energy & Power, etc.)
11. Parent Market Overview
11.1. Global Information & Communication Technology (ICT) Market
11.2. Global AI Market
12. Segmental Analysis
12.1. Global AI Market by Component
12.1.1. Segment Overview
12.2. Global AI Market by Technology
12.2.1. Segment Overview
184.108.40.206. Natural Language Processing (NLP)
220.127.116.11. Image Processing
18.104.22.168. Machine Learning (ML)
22.214.171.124. Speech Recognition
126.96.36.199. Others (Robotic Process Automation, Computer Vision)
12.3. Global AI Market by Organization Type
12.3.1. Segment Overview
188.8.131.52.2. Large Enterprises
184.108.40.206. Public Administration
12.4. Global AI Market by End User
12.4.1. Segment Overview
220.127.116.11. Automobile & Transportation
18.104.22.168. Retail & Warehousing
22.214.171.124. Banking, Financial Services & Insurance (BFSI)
126.96.36.199. Media & Entertainment
188.8.131.52. IT & Telecom
184.108.40.206. Others (Construction, Legal, Education, Energy & Power etc.)
12.5. Global AI Market: Focused on the Natural Language Processing (NLP) Segment
12.5.1. Segment Overview
220.127.116.11. Chatbot Market
18.104.22.168. Contact Center Market
22.214.171.124.1. Analytics And Reporting
126.96.36.199.2. Computer Telephony Integration
188.8.131.52.5. Agent Performance Optimization
184.108.40.206.6. Automatic Call Distribution
220.127.116.11. Customer Experience Market
12.6. Global AI Market by Region
12.6.1. North America
12.6.2. Latin America
12.6.3. Western Europe
12.6.4. Eastern Europe
12.6.5. Asia Pacific
12.6.6. Middle East & Africa
13. Regional Analysis
13.1. North America AI Market Analysis and Forecast 2019-2028
13.1.1. Regional Market Overview and Key Takeaways
13.1.2. North America AI Market by Component
13.1.3. North America AI Market by Technology
13.1.4. North America AI Market by Organization Type
13.1.5. North America AI Market by End User
13.1.6. North America AI Market by Country
13.2. Latin America AI Market Analysis and Forecast 2019-2028
13.2.1. Regional Market Overview and Key Takeaways
13.2.2. Latin America AI Market by Component
13.2.3. Latin America AI Market by Technology
13.2.4. Latin America AI Market by Organization Type
13.2.5. Latin America AI Market by End User
13.2.6. Latin America AI Market by Country
18.104.22.168. Rest of Latin America
13.3. Western Europe AI Market Analysis and Forecast 2019-2028
13.3.1. Regional Market Overview and Key Takeaways
13.3.2. Western Europe AI Market by Component
13.3.3. Western Europe AI Market by Technology
13.3.4. Western Europe AI Market by Organization Type
13.3.5. Western Europe AI Market by End User
13.3.6. Western Europe AI Market by Country
22.214.171.124. Rest of Western Europe
13.4. Eastern Europe AI Market Analysis and Forecast 2019-2028
13.4.1. Regional Market Overview and Key Takeaways
13.4.2. Eastern Europe AI Market by Component
13.4.3. Eastern Europe AI Market by Technology
13.4.4. Eastern Europe AI Market by Organization Type
13.4.5. Eastern Europe AI Market by End User
13.4.6. Eastern Europe AI Market by Country
126.96.36.199. Rest of Eastern Europe
13.5. Asia Pacific AI Market Analysis and Forecast 2019-2028
13.5.1. Regional Market Overview and Key Takeaways
13.5.2. Asia Pacific AI Market by Component
13.5.3. Asia Pacific AI Market by Technology
13.5.4. Asia Pacific AI Market by Organization Type
13.5.5. Asia Pacific AI Market by End User
13.5.6. Asia Pacific AI Market by Country
188.8.131.52. South Korea
184.108.40.206. Rest of Asia-Pacific
13.6. Middle East & Africa AI Market Analysis and Forecast 2019-2028
13.6.1. Regional Market Overview and Key Takeaways
13.6.2. Middle East & Africa AI Market by Component
13.6.3. Middle East & Africa AI Market by Technology
13.6.4. Middle East & Africa AI Market by Organization Type
13.6.5. Middle East & Africa AI Market by End User
13.6.6. Middle East & Africa AI Market by Country
220.127.116.11. South Africa
18.104.22.168. Rest of the Middle East & Africa
14. Competitive Landscape
14.1. Competition Dashboard
14.1.1. Global and Regional Market Share Analysis
14.1.2. Market Structure
14.2. Competitive Benchmarking
14.3. Key Strategy Analysis
14.4. Top 10 New Companies/Start-ups in Our Radar
14.5. Company Profiles
14.5.1. IBM Corp.
22.214.171.124. Company Overview
126.96.36.199. Product/Service Offerings
188.8.131.52. Key Financials
184.108.40.206. Recent Developments
14.5.2. Intel Corp.
220.127.116.11. Company Overview
18.104.22.168. Product/Service Offerings
22.214.171.124. Key Financials
126.96.36.199. Recent Developments
14.5.3. Microsoft Corp.
188.8.131.52. Company Overview
184.108.40.206. Product/Service Offerings
220.127.116.11. Key Financials
18.104.22.168. Recent Developments
14.5.4. Google LLC
22.214.171.124. Company Overview
126.96.36.199. Product/Service Offerings
188.8.131.52. Key Financials
184.108.40.206. Recent Developments
220.127.116.11. Company Overview
18.104.22.168. Product/Service Offerings
22.214.171.124. Key Financials
126.96.36.199. Recent Developments
14.5.6. Salesforce Inc.
188.8.131.52. Company Overview
184.108.40.206. Product/Service Offerings
220.127.116.11. Key Financials
18.104.22.168. Recent Developments
14.5.7. Cisco Systems Inc.
22.214.171.124. Company Overview
126.96.36.199. Product/Service Offerings
188.8.131.52. Key Financials
184.108.40.206. Recent Developments
14.5.8. Apple Inc.
220.127.116.11. Company Overview
18.104.22.168. Product/Service Offerings
22.214.171.124. Key Financials
126.96.36.199. Recent Developments
14.5.9. Oracle Corp.
188.8.131.52. Company Overview
184.108.40.206. Product/Service Offerings
220.127.116.11. Key Financials
18.104.22.168. Recent Developments
14.5.10. Amazon.com Inc.
22.214.171.124. Company Overview
126.96.36.199. Product/Service Offerings
188.8.131.52. Key Financials
184.108.40.206. Recent Developments
14.5.11. Nvidia Corp.
220.127.116.11. Company Overview
18.104.22.168. Product/Service Offerings
22.214.171.124. Key Financials
126.96.36.199. Recent Developments
14.5.12. Palantir Technologies Inc.
188.8.131.52. Company Overview
184.108.40.206. Product/Service Offerings
220.127.116.11. Key Financials
18.104.22.168. Recent Developments
14.5.13. C3.ai Inc.
22.214.171.124. Company Overview
126.96.36.199. Product/Service Offerings
188.8.131.52. Key Financials
184.108.40.206. Recent Developments
14.5.14. Micron Technology Inc.
220.127.116.11. Company Overview
18.104.22.168. Product/Service Offerings
22.214.171.124. Key Financials
126.96.36.199. Recent Developments
*List not exhaustive (Players can be added or replaced as per the customization).
List of Figures
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.