Artificial Intelligence Market Size 2024-2028
The AI market size is estimated to grow by USD 237.4 billion between 2023 and 2028 exhibiting a CAGR of 30.07%.
- The market's expansion relies on several factors, including the mitigation of fraud and malicious attacks, the integration of chatbots into AI systems, and the enhancement of employee productivity. However, the artificial intelligence (AI) market encounters significant challenges. The scarcity of AI experts is a notable issue. Furthermore, affordability constraints and regulatory obstacles hinder the widespread adoption of AI solutions.
- Addressing the shortage of AI professionals is essential for realizing the full potential of AI technologies and fostering market growth. It is crucial to tackle affordability concerns and navigate regulatory complexities to promote accessibility and compliance in AI implementation. Despite these challenges, the market continues to show promise, driven by the increasing recognition of AI's transformative capabilities in enhancing data security, automation, and operational efficiency across various industries worldwide.
- In summary, the market's growth depends on various factors, such as addressing the shortage of AI experts, affordability concerns, and regulatory complexities. Overcoming these challenges is necessary for unlocking the full potential of AI technologies and driving market expansion. The recognition of AI's transformative capabilities in enhancing data security, automation, and operational efficiency across various industries continues to fuel the market's growth.
What will be the Artificial Intelligence Market Size During the Forecast Period?
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1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Component
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Artificial Intelligence (AI) Market 2018 - 2022
- Historic Market Size - Data Table on Global Artificial Intelligence (AI) Market 2018 - 2022 ($ billion)
- 4.2 Component segment analysis 2018 - 2022
- Historic Market Size - Component Segment 2018 - 2022 ($ billion)
- 4.3 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Component
- 6.1 Market segments
- Chart on Component - Market share 2023-2028 (%)
- Data Table on Component - Market share 2023-2028 (%)
- 6.2 Comparison by Component
- Chart on Comparison by Component
- Data Table on Comparison by Component
- 6.3 Software - Market size and forecast 2023-2028
- Chart on Software - Market size and forecast 2023-2028 ($ billion)
- Data Table on Software - Market size and forecast 2023-2028 ($ billion)
- Chart on Software - Year-over-year growth 2023-2028 (%)
- Data Table on Software - Year-over-year growth 2023-2028 (%)
- 6.4 Hardware - Market size and forecast 2023-2028
- Chart on Hardware - Market size and forecast 2023-2028 ($ billion)
- Data Table on Hardware - Market size and forecast 2023-2028 ($ billion)
- Chart on Hardware - Year-over-year growth 2023-2028 (%)
- Data Table on Hardware - Year-over-year growth 2023-2028 (%)
- 6.5 Services - Market size and forecast 2023-2028
- Chart on Services - Market size and forecast 2023-2028 ($ billion)
- Data Table on Services - Market size and forecast 2023-2028 ($ billion)
- Chart on Services - Year-over-year growth 2023-2028 (%)
- Data Table on Services - Year-over-year growth 2023-2028 (%)
- 6.6 Market opportunity by Component
- Market opportunity by Component ($ billion)
- Data Table on Market opportunity by Component ($ billion)
7 Market Segmentation by End-user
- 7.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
- 7.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 7.3 Retail - Market size and forecast 2023-2028
- Chart on Retail - Market size and forecast 2023-2028 ($ billion)
- Data Table on Retail - Market size and forecast 2023-2028 ($ billion)
- Chart on Retail - Year-over-year growth 2023-2028 (%)
- Data Table on Retail - Year-over-year growth 2023-2028 (%)
- 7.4 Banking - Market size and forecast 2023-2028
- Chart on Banking - Market size and forecast 2023-2028 ($ billion)
- Data Table on Banking - Market size and forecast 2023-2028 ($ billion)
- Chart on Banking - Year-over-year growth 2023-2028 (%)
- Data Table on Banking - Year-over-year growth 2023-2028 (%)
- 7.5 Manufacturing - Market size and forecast 2023-2028
- Chart on Manufacturing - Market size and forecast 2023-2028 ($ billion)
- Data Table on Manufacturing - Market size and forecast 2023-2028 ($ billion)
- Chart on Manufacturing - Year-over-year growth 2023-2028 (%)
- Data Table on Manufacturing - Year-over-year growth 2023-2028 (%)
- 7.6 Healthcare - Market size and forecast 2023-2028
- Chart on Healthcare - Market size and forecast 2023-2028 ($ billion)
- Data Table on Healthcare - Market size and forecast 2023-2028 ($ billion)
- Chart on Healthcare - Year-over-year growth 2023-2028 (%)
- Data Table on Healthcare - Year-over-year growth 2023-2028 (%)
- 7.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.8 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)
8 Market Segmentation by Technology
- 8.1 Market segments
- Chart on Technology - Market share (2023-2028) (%)
- Data Table on Technology - Market share (2023-2028) (%)
- 8.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
- 8.3 Deep learning - Market size and forecast (2023-2028)
- Chart on Deep learning - Market size and forecast (2023-2028) ($ million)
- Data Table on Deep learning - Market size and forecast (2023-2028) ($ million)
- Chart on Deep learning - Year-over-year growth (2023-2028) (%)
- Data Table on Deep learning - Year-over-year growth (2023-2028) (%)
- 8.4 Machine learning - Market size and forecast (2023-2028)
- Chart on Machine learning - Market size and forecast (2023-2028) ($ million)
- Data Table on Machine learning - Market size and forecast (2023-2028) ($ million)
- Chart on Machine learning - Year-over-year growth (2023-2028) (%)
- Data Table on Machine learning - Year-over-year growth (2023-2028) (%)
- 8.5 Natural language processing (NLP) - Market size and forecast (2023-2028)
- Chart on Natural language processing (NLP) - Market size and forecast (2023-2028) ($ million)
- Data Table on Natural language processing (NLP) - Market size and forecast (2023-2028) ($ million)
- Chart on Natural language processing (NLP) - Year-over-year growth (2023-2028) (%)
- Data Table on Natural language processing (NLP) - Year-over-year growth (2023-2028) (%)
- 8.6 Machine vision - Market size and forecast (2023-2028)
- Chart on Machine vision - Market size and forecast (2023-2028) ($ million)
- Data Table on Machine vision - Market size and forecast (2023-2028) ($ million)
- Chart on Machine vision - Year-over-year growth (2023-2028) (%)
- Data Table on Machine vision - Year-over-year growth (2023-2028) (%)
- 8.7 Generative AI - Market size and forecast (2023-2028)
- Chart on Generative AI - Market size and forecast (2023-2028) ($ million)
- Data Table on Generative AI - Market size and forecast (2023-2028) ($ million)
- Chart on Generative AI - Year-over-year growth (2023-2028) (%)
- Data Table on Generative AI - Year-over-year growth (2023-2028) (%)
- 8.8 Market opportunity by Technology
- Market opportunity by $segment_name ($ million)
- Data Table on Market opportunity by $segment_name ($ million)
9 Customer Landscape
- 9.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Geographic Landscape
- 10.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 10.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 10.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 10.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 10.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 10.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 10.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 10.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 10.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 10.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 10.11 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 10.12 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ billion)
- Data Table on France - Market size and forecast 2023-2028 ($ billion)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 10.13 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
- 10.14 - Market size and forecast (2023-2028)
- Chart on - Market size and forecast (2023-2028) ($ million)
- Data Table on - Market size and forecast (2023-2028) ($ million)
- Chart on - Year-over-year growth (2023-2028) (%)
- Data Table on - Year-over-year growth (2023-2028) (%)
11 Drivers, Challenges, and Opportunity/Restraints
- 11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 11.4 Market opportunities/restraints
12 Competitive Landscape
- 12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 12.3 Landscape disruption
- Overview on factors of disruption
- 12.4 Industry risks
- Impact of key risks on business
13 Competitive Analysis
- 13.2 Market positioning of companies
- Matrix on companies position and classification
- 13.4 Advanced Micro Devices
- Advanced Micro Devices - Overview
- Advanced Micro Devices - Product / Service
- Advanced Micro Devices - Key offerings
- 13.5 AiCure
- AiCure - Overview
- AiCure - Product / Service
- AiCure - Key offerings
- 13.6 Arm Limited
- Arm Limited - Overview
- Arm Limited - Product / Service
- Arm Limited - Key offerings
- 13.7 Atomwise, Inc.
- Atomwise, Inc. - Overview
- Atomwise, Inc. - Product / Service
- Atomwise, Inc. - Key offerings
- 13.8 Ayasdi AI LLC
- Ayasdi AI LLC - Overview
- Ayasdi AI LLC - Product / Service
- Ayasdi AI LLC - Key offerings
- 13.9 Baidu, Inc.
- Baidu, Inc. - Overview
- Baidu, Inc. - Product / Service
- Baidu, Inc. - Key offerings
- 13.10 Clarifai, Inc.
- Clarifai, Inc. - Overview
- Clarifai, Inc. - Product / Service
- Clarifai, Inc. - Key offerings
- 13.11 Cyrcadia Health
- Cyrcadia Health - Overview
- Cyrcadia Health - Product / Service
- Cyrcadia Health - Key offerings
- 13.12 Enlitic, Inc.
- Enlitic, Inc. - Overview
- Enlitic, Inc. - Product / Service
- Enlitic, Inc. - Key offerings
- 13.13 Google LLC
- Google LLC - Overview
- Google LLC - Product / Service
- Google LLC - Key offerings
- 13.14 H2O.ai
- H2O.ai - Overview
- H2O.ai - Product / Service
- H2O.ai - Key offerings
- 13.15 HyperVerge, Inc.
- HyperVerge, Inc. - Overview
- HyperVerge, Inc. - Product / Service
- HyperVerge, Inc. - Key offerings
- 13.16 International Business Machines Corporation
- International Business Machines Corporation - Overview
- International Business Machines Corporation - Product / Service
- International Business Machines Corporation - Key offerings
- 13.17 IBM Watson Health
- IBM Watson Health - Overview
- IBM Watson Health - Product / Service
- IBM Watson Health - Key offerings
- 13.18 Intel Corporation
- Intel Corporation - Overview
- Intel Corporation - Product / Service
- Intel Corporation - Key offerings
- 13.19 Iris.ai AS
- Iris.ai AS - Overview
- Iris.ai AS - Product / Service
- Iris.ai AS - Key offerings
- 13.20 Lifegraph
- Lifegraph - Overview
- Lifegraph - Product / Service
- Lifegraph - Key offerings
- 13.21 Microsoft
- Microsoft - Overview
- Microsoft - Product / Service
- Microsoft - Key offerings
- 13.22 NVIDIA Corporation
- NVIDIA Corporation - Overview
- NVIDIA Corporation - Product / Service
- NVIDIA Corporation - Key offerings
- 13.23 Sensely, Inc.
- Sensely, Inc. - Overview
- Sensely, Inc. - Product / Service
- Sensely, Inc. - Key offerings
14 Appendix
- 14.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 14.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 14.4 Research methodology
- 14.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 14.9 360 degree market analysis
- 360 degree market analysis
- 14.10 List of abbreviations