조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년06월
Artificial Intelligence (AI) Market – Global Forecast to 2030
인공지능(AI) 시장 : 오퍼링(하드웨어, 소프트웨어), 기술 {ML[딥 러닝(LLM, 트랜스포머(GPT 1, 2, 3, 4)], NLP, 컴퓨터 비전}, 비즈니스 기능, 산업, 지역별 – 2030년까지의 세계 예측
Artificial Intelligence (AI) Market by Offering (Discriminative AI, Generative AI, Hardware, Services), Technology (ML, NLP, Context-aware AI, Computer Vision), Business Function (Marketing & Sales, HR), Vertical and Region – Global Forecast to 2030
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| Enterprise License | USD 10.000 |
| 구성 | 영문조사보고서 |
Report Overview
The artificial intelligence market is projected to grow from USD 214.6 billion in 2024 to USD 1,339.1 billion by 2030, at a compound annual growth rate (CAGR) of 35.7% during the forecast period.
인공지능(AI) 시장은 2024년 2,146억 달러에서 2030년까지 1조 3,391억 달러로 성장할 것으로 예측되며, 예측 기간 중 연간 평균 성장률(CAGR)은 35.7%입니다.
Market is anticipated to grow due to the advancement of deep learning and machine learning techniques, advances in computational capabilities and database availability and rising adoption of autonomous ai technologies.
“By business function, cybersecurity segment is expected to register the fastest market growth rate during the forecast period.”
The cybersecurity business function of the artificial intelligence (AI) market is poised for the fastest growth rate during the forecast period due to several key factors. Firstly, the escalating sophistication of cyber threats demands advanced AI solutions for threat detection, prevention, and response. Secondly, the increasing adoption of AI-driven security solutions by organizations across various sectors underscores the growing importance of cybersecurity. Additionally, regulatory compliance requirements further drive the demand for robust AI-based security measures. These factors combined are expected to fuel substantial growth in the cybersecurity business function of the AI market, outpacing other segments during the forecast period.
“by technology, machine learning segment is expected to account for the largest market share during the forecast period.”
The machine learning technology of the artificial intelligence market is poised to capture the largest market share during the forecast period due to several compelling factors. Its adaptability across diverse industries, from healthcare to finance, underscores its versatility and applicability. The exponential growth of big data fuels the demand for sophisticated algorithms capable of extracting meaningful insights. Additionally, advancements in hardware infrastructure, coupled with enhanced algorithms, empower machine learning models to tackle complex tasks with unprecedented efficiency. These converging factors position machine learning technology as the frontrunner, securing its status as the leader in the AI market landscape.
“By Region, Asia Pacific is slated to grow at the fastest rate and North America to have the largest market share during the forecast period.”
The Asia Pacific artificial intelligence market is expected to witness the fastest growth rate during the forecast period. Rapid urbanization and industrialization in countries like China and India are driving the demand for AI technologies across various sectors such as healthcare, manufacturing, and finance. Additionally, increasing investments in AI research and development by governments and private sector entities are fostering innovation and adoption. Moreover, the large pool of skilled IT professionals and the growing startup ecosystem in countries like China, India, and Singapore are contributing to the region’s AI market growth. On the other hand, North America is poised to hold the largest market share, primarily attributed to the presence of leading AI companies, such as Google, Microsoft, and IBM, which are headquartered in the region. Furthermore, robust infrastructure, significant investments in AI research, and a supportive regulatory environment are propelling the growth of AI technologies in North America. Additionally, strong demand from sectors like healthcare, retail, and automotive is driving the adoption of AI solutions, further consolidating the region’s market leadership.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the artificial intelligence market.
By Company: Tier I – 37%, Tier II – 40%, and Tier III – 23%
By Designation: C-Level Executives – 30%, D-Level Executives – 48%, and others – 22%
By Region: North America – 30%, Europe – 24%, Asia Pacific – 27%, Middle East & Africa – 12%, and Latin America – 7%
The report includes the study of key players offering artificial intelligence solutions. It profiles major vendors in the artificial intelligence market. The major players in the artificial intelligence market include IBM (US), NVIDIA (US), OpenAI (US), Oracle (US), Meta (US), Microsoft (US), Google (US), AWS (US), Intel (US), Salesforce (US), SAP (Germany), Cisco (US), HPE (US), Siemens (Germany), Baidu (China), SAS Institute (US), AMD (US), Qualcomm (US), Huawei (China), Alibaba Cloud (China), C3 AI (US), HQE Systems (US), Appier (Taiwan), Dialpad (US), Anduril Industries (US), Adept (US), DeepL (Germany), Moveworks (US), Arrow AI (US), Anthropic (US), Observe.ai (US), Anyscale (US), Frame AI (US), Uizard (Denmark), Shield AI (US), Cohere (Canada), Writesonic (US), Arthur (US), Capacity (US), Spot AI (US), Inbenta (US), Glean (US), Jasper (US), Atomwise (US), H2O.AI (US), Inflection AI (US), Persado (US), Graphcore (UK), AI21 Labs (Israel), Scale AI (US), IRIS Automation (US), Gamaya (Switzerland), Synthesia (England), Mostly AI (Austria), Mythic (US), Character.ai (US), ADA (Canada), Sentient.io (Singapore), Lumen5 (Canada), Aera Technology (US), Metropolis (US), Cerebras (US), Hailo (Israel), Soundful (US), and One AI (Israel).
Research coverage
This research report categorizes the Artificial Intelligence Market by Offering (Hardware, Software and Services), Hardware (AI Accelerators, Processors, Memory, Networking Hardware), Software By Type (Discriminative AI [Classification Algorithms, Regression Algorithms, Deep Learning Platforms, Ensemble Methods] and Generative AI [Rule-Based Models, Statistical Models, Generative Adversarial Networks, Autoencoders, Convolutional Neural Networks, Transformer Models]), Software By Deployment Mode (Cloud and On-premises), Software By Code Automation (No-code AI, Low-code AI and Pro-code AI), By Services (Professional Services [Training & Consulting, System Integration & Implementation, and Support & Maintenance] and Managed Services), By Technology (Machine Learning, Natural Language Processing, Computer Vision, and Context-aware AI), By Business Function (Marketing & Sales, Human Resources, Finance & Accounting, Operations, and Cybersecurity), By Vertical (Media & Entertainment, Automotive, Transportation & Logistics, Manufacturing, Healthcare & Life Sciences, IT & ITeS, BFSI, Energy & Utilities, Retail & Ecommerce, Government & Defense, Agriculture, Telecommunications, and Other Verticals [Travel & Hospitality, Construction and Education]), and By Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the artificial intelligence market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the artificial intelligence market. Competitive analysis of upcoming startups in the artificial intelligence market ecosystem is covered in this report.
Key Benefits of Buying the Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall artificial intelligence market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (growth in adoption of autonomous artificial intelligence, rise of deep learning and machine learning technologies, advancements in computing power and the availability of large databases), restraints (shortage of skilled artificial intelligence professionals, regulatory and legal implications of artificial intelligence, High initial investment and implementation costs), opportunities (growing adoption of cloud-based AI solutions, expansion of edge AI capabilities for real-time data processing and decision-making, advancements in generative AI to open new avenues for AI-powered content creation), and challenges (the lack of transparency and explainability in the decision-making process of AI, concerns related to bias and inaccurately generated output, integration challenges and lack of understanding of the state-of-the-art systems).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the artificial intelligence market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the artificial intelligence market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the artificial intelligence market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like IBM (US), NVIDIA (US), OpenAI (US), Oracle (US), Meta (US), Microsoft (US), Google (US), AWS (US), Intel (US), Salesforce (US), SAP (Germany), Cisco (US), HPE (US), Siemens (Germany), Baidu (China), SAS Institute (US), AMD (US), Qualcomm (US), Huawei (China), Alibaba Cloud (China), C3 AI (US), HQE Systems (US), Appier (Taiwan), among others in the artificial intelligence market. The report also helps stakeholders understand the pulse of the artificial intelligence market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 INTRODUCTION 53
1.1 STUDY OBJECTIVES 53
1.2 MARKET DEFINITION 53
1.2.1 INCLUSIONS AND EXCLUSIONS 54
1.3 MARKET SCOPE 56
1.3.1 MARKET SEGMENTATION 56
TABLE 1 ARTIFICIAL INTELLIGENCE MARKET: DETAILED SEGMENTATION 57
1.3.2 REGIONS COVERED 63
1.3.3 YEARS CONSIDERED 63
1.4 CURRENCY CONSIDERED 64
TABLE 2 UNITED STATES DOLLAR EXCHANGE RATE, 2019–2023 64
1.5 STAKEHOLDERS 64
1.6 SUMMARY OF CHANGES 65
1.6.1 IMPACT OF RECESSION 65
2 RESEARCH METHODOLOGY 66
2.1 RESEARCH DATA 66
FIGURE 1 ARTIFICIAL INTELLIGENCE MARKET: RESEARCH DESIGN 66
2.1.1 SECONDARY DATA 67
2.1.2 PRIMARY DATA 67
TABLE 3 PRIMARY INTERVIEWS 67
2.1.2.1 Breakup of primary profiles 68
2.1.2.2 Key industry insights 68
2.2 MARKET BREAKUP AND DATA TRIANGULATION 69
FIGURE 2 DATA TRIANGULATION 69
2.3 MARKET SIZE ESTIMATION 70
FIGURE 3 ARTIFICIAL INTELLIGENCE MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES 70
2.3.1 TOP-DOWN APPROACH 70
2.3.2 BOTTOM-UP APPROACH 71
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1, BOTTOM-UP (SUPPLY-SIDE): REVENUE FROM SOFTWARE/HARDWARE/SERVICES OF ARTIFICIAL INTELLIGENCE MARKET 71
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL SOFTWARE/HARDWARE/SERVICES OF ARTIFICIAL INTELLIGENCE MARKET 72
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 3, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL SOFTWARE/HARDWARE/SERVICES OF ARTIFICIAL INTELLIGENCE MARKET 73
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 4, BOTTOM-UP (DEMAND-SIDE): SHARE OF ARTIFICIAL INTELLIGENCE THROUGH OVERALL IT SPENDING 74
2.4 MARKET FORECAST 75
TABLE 4 FACTOR ANALYSIS 75
2.5 RESEARCH ASSUMPTIONS 76
2.6 LIMITATIONS 77
FIGURE 8 STUDY LIMITATIONS 77
2.7 IMPLICATIONS OF RECESSION ON ARTIFICIAL INTELLIGENCE MARKET 78
TABLE 5 IMPACT OF RECESSION ON GLOBAL ARTIFICIAL INTELLIGENCE MARKET 79
3 EXECUTIVE SUMMARY 80
TABLE 6 GLOBAL ARTIFICIAL INTELLIGENCE MARKET SIZE AND GROWTH RATE, 2019–2023 (USD BILLION, Y-O-Y %) 82
TABLE 7 GLOBAL ARTIFICIAL INTELLIGENCE MARKET SIZE AND GROWTH RATE, 2024–2030 (USD BILLION, Y-O-Y %) 83
FIGURE 9 SOFTWARE SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE IN 2024 83
FIGURE 10 AI ACCELERATORS TO BE LEADING SEGMENT IN 2024 83
FIGURE 11 GRAPHICS PROCESSING UNIT (GPU) TO BE LARGEST SEGMENT IN 2024 84
FIGURE 12 DISCRIMINATIVE AI TO ACCOUNT FOR MAJORITY MARKET SHARE IN 2024 84
FIGURE 13 TRANSFORMER MODELS SLATED TO BECOME FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 84
FIGURE 14 DEEP LEARNING PLATFORMS TO BECOMING LEADING SEGMENT IN 2024 85
FIGURE 15 CLOUD SEGMENT TO BECOME LEADING SOFTWARE DEPLOYMENT MODE IN 2024 85
FIGURE 16 LOW-CODE AI SOFTWARE TO REGISTER LARGER MARKET SHARE IN 2024 85
FIGURE 17 PROFESSIONAL SERVICES TO REGISTER LARGER MARKET SHARE IN 2024 86
FIGURE 18 TRAINING & CONSULTING TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024 86
FIGURE 19 MACHINE LEARNING TO EMERGE AS LARGEST SEGMENT IN 2024 86
FIGURE 20 MARKETING & SALES TO BE LEADING SEGMENT IN 2024 87
FIGURE 21 HEALTHCARE & LIFE SCIENCES TO EMERGE AS FASTEST-GROWING VERTICAL DURING FORECAST PERIOD 87
FIGURE 22 ASIA PACIFIC TO REGISTER HIGHEST GROWTH RATE BETWEEN 2024 AND 2030 88
4 PREMIUM INSIGHTS 89
4.1 ATTRACTIVE OPPORTUNITIES IN ARTIFICIAL INTELLIGENCE MARKET 89
FIGURE 23 INCREASING DEMAND FOR GENERATIVE AI AND IMPROVING PERFORMANCE OF AI ALGORITHMS ON EDGE DEVICES TO DRIVE MARKET GROWTH 89
4.2 OVERVIEW OF RECESSION IN GLOBAL ARTIFICIAL INTELLIGENCE MARKET 90
FIGURE 24 ARTIFICIAL INTELLIGENCE MARKET TO WITNESS MINOR DECLINE IN Y-O-Y GROWTH IN 2023 90
4.3 ARTIFICIAL INTELLIGENCE MARKET: TOP THREE TECHNOLOGIES 91
FIGURE 25 CONTEXT-AWARE AI SEGMENT TO ACCOUNT FOR HIGHEST GROWTH RATE DURING FORECAST PERIOD 91
4.4 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING AND VERTICAL 91
FIGURE 26 SOFTWARE SEGMENT AND HEALTHCARE & LIFE SCIENCES VERTICAL TO BE LARGEST SHAREHOLDERS IN NORTH AMERICA IN 2024 91
4.5 ARTIFICIAL INTELLIGENCE MARKET, BY REGION 92
FIGURE 27 NORTH AMERICA TO HOLD LARGEST MARKET SHARE IN 2024 92
5 MARKET OVERVIEW AND INDUSTRY TRENDS 93
5.1 INTRODUCTION 93
5.2 MARKET DYNAMICS 93
FIGURE 28 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: ARTIFICIAL INTELLIGENCE MARKET 94
5.2.1 DRIVERS 94
5.2.1.1 Growth in adoption of autonomous artificial intelligence 94
FIGURE 29 END-USER SPENDING ON AUTONOMOUS AI AMOUNTED TO USD 4.7 BILLION IN 2023 95
5.2.1.2 Rise of deep learning and machine learning technologies 95
FIGURE 30 IMPROVEMENTS IN DEEP LEARNING HAVE LED TO AI MODELS MATCHING HUMAN PERFORMANCE IN COGNITIVE SKILLS 96
5.2.1.3 Advancements in computing power and availability of large databases 96
FIGURE 31 RAPID STRIDES IN COMPUTING POWER HAVE LED TO DEVELOPMENT OF SOPHISTICATED AI MODELS TRAINED ON EXTREMELY LARGE DATASETS 97
5.2.2 RESTRAINTS 97
5.2.2.1 Shortage of skilled artificial intelligence professionals 97
FIGURE 32 SHORTAGE OF SKILLED AI WORKFORCE HAS LED TO SHARP SPIKE IN SALARIES OF AI PROFESSIONALS 98
5.2.2.2 Regulatory and legal implications of artificial intelligence 98
5.2.2.3 High initial investment and implementation costs 99
FIGURE 33 HIGH COST OF AI MODEL TRAINING REMAINS SIGNIFICANT BARRIER TO WIDESPREAD AI ADOPTION 99
5.2.3 OPPORTUNITIES 100
5.2.3.1 Growing adoption of cloud-based AI solutions 100
FIGURE 34 PUBLIC CLOUD WAS MOST POPULAR DEPLOYMENT MODE OF ARTIFICIAL INTELLIGENCE-AS-A-SERVICE IN 2023 100
5.2.3.2 Expansion of edge AI capabilities for real-time data processing and decision-making 100
FIGURE 35 ARTIFICIAL INTELLIGENCE SOLUTIONS GAINING MOMENTUM FOR HANDLING DIVERSE DATA GENERATED VIA EDGE DEVICES 101
5.2.3.3 Advancements in generative AI to open new avenues for AI-powered content creation 101
FIGURE 36 GENERATIVE AI WITNESSED RAPID ADOPTION ACROSS ENTERPRISE USE CASES, INCLUDING CONTENT GENERATION & CURATION 102
5.2.4 CHALLENGES 102
5.2.4.1 Lack of transparency and explainability in decision-making process of AI 102
5.2.4.2 Concerns related to bias and inaccurately generated output 103
FIGURE 37 AI MODELS LIKE CHATGPT STILL MARRED BY ISSUES SUCH AS BIAS, INACCURACIES, AND INCONSISTENCIES IN OUTPUT 103
5.2.4.3 Integration challenges and lack of understanding of state-of-the-art systems 103
5.3 ETHICS AND IMPLICATIONS OF ARTIFICIAL INTELLIGENCE DEVELOPMENT 104
5.3.1 BIAS AND FAIRNESS 104
5.3.2 ACCOUNTABILITY AND TRUST 104
5.3.3 IMPACT ON SOCIAL DYNAMICS 104
5.3.4 PRIVACY AND SECURITY 105
5.3.5 TRANSPARENCY AND EXPLAINABILITY 105
5.3.6 ENVIRONMENTAL IMPACT 105
FIGURE 38 CO2 EQUIVALENT EMISSIONS (TONNES) OF ARTIFICIAL INTELLIGENCE MODELS COMPARED WITH REAL-LIFE EXAMPLES, 2022 106
FIGURE 39 AI DATA CENTERS EXPECTED TO ACCOUNT FOR 13% OF ANNUAL GLOBAL ELECTRICITY CONSUMPTION AND 6% OF CARBON FOOTPRINT BY 2030 107
5.4 EVOLUTION OF ARTIFICIAL INTELLIGENCE (AI) MARKET 107
FIGURE 40 EVOLUTION OF ARTIFICIAL INTELLIGENCE 108
5.5 ARTIFICIAL INTELLIGENCE AUTONOMY LEVELS 110
5.5.1 WEAK/NARROW ARTIFICIAL INTELLIGENCE 110
5.5.2 STRONG ARTIFICIAL INTELLIGENCE 110
5.5.2.1 Artificial General Intelligence (AGI) 110
5.5.2.2 Artificial Super Intelligence (ASI) 111
5.6 SUPPLY CHAIN ANALYSIS 111
FIGURE 41 ARTIFICIAL INTELLIGENCE MARKET: SUPPLY CHAIN ANALYSIS 112
TABLE 8 ARTIFICIAL INTELLIGENCE (AI) MARKET: SUPPLY CHAIN ANALYSIS 113
5.7 ECOSYSTEM ANALYSIS 115
TABLE 9 ARTIFICIAL INTELLIGENCE (AI) MARKET: ECOSYSTEM 115
FIGURE 42 KEY PLAYERS IN ARTIFICIAL INTELLIGENCE MARKET ECOSYSTEM (PART 1/2) 119
FIGURE 43 KEY PLAYERS IN ARTIFICIAL INTELLIGENCE MARKET ECOSYSTEM (PART 2/2) 120
5.7.1 ARTIFICIAL INTELLIGENCE HARDWARE PROVIDERS 120
5.7.2 ARTIFICIAL INTELLIGENCE SOFTWARE PROVIDERS 120
5.7.3 ARTIFICIAL INTELLIGENCE PLATFORM PROVIDERS 120
5.7.4 ARTIFICIAL INTELLIGENCE NETWORK PROVIDERS 121
5.7.5 ARTIFICIAL INTELLIGENCE SECURITY PROVIDERS 121
5.7.6 ARTIFICIAL INTELLIGENCE SERVICE PROVIDERS 121
5.7.7 ARTIFICIAL INTELLIGENCE CLOUD PROVIDERS 121
5.8 INVESTMENT LANDSCAPE AND FUNDING SCENARIO 121
FIGURE 44 TOP 10 AI UNICORNS, BY ENTERPRISE VALUATION, 2023 121
FIGURE 45 AI STARTUPS: EQUITY DEALS AND FUNDING VALUE, 2017–2023 122
FIGURE 46 ARTIFICIAL INTELLIGENCE EQUITY FUNDING, BY TYPE, 2019–2023 123
FIGURE 47 ARTIFICIAL INTELLIGENCE FUNDING, BY REGION, 2022–2023 123
FIGURE 48 AVERAGE DEAL SIZE AND MEDIAN DEAL SIZE FOR AI STARTUPS, 2019–2023 124
FIGURE 49 MERGERS AND ACQUISITIONS IN AI INDUSTRY, 2019–2023 125
FIGURE 50 MOST ACTIVE INVESTORS IN AI, BY NUMBER OF COMPANIES BACKED, Q4 2023 125
5.9 CASE STUDY ANALYSIS 126
5.9.1 HEALTHCARE & LIFE SCIENCES 126
5.9.1.1 AstraZeneca accelerated time to insights using Amazon SageMaker 126
5.9.2 MANUFACTURING 127
5.9.2.1 Siemens connected frontline workers and engineers for real-time problem-solving using Azure AI 127
5.9.3 RETAIL & E-COMMERCE 127
5.9.3.1 Unified customer data and experiences for Home Depot across its online and in-store channels 127
5.9.4 TELECOMMUNICATIONS 128
5.9.4.1 T-mobile data fine-tuned with Nvidia riva services to resolve customer issues in real-time 128
5.9.5 BFSI 128
5.9.5.1 Accelerated collection and analysis of investment information for Edgar Finance with help of IBM 128
5.10 TECHNOLOGY ANALYSIS 129
5.10.1 KEY TECHNOLOGIES 129
5.10.1.1 Generative AI 129
5.10.1.2 Conversational AI 129
5.10.1.3 Autonomous AI & Autonomous Agent 129
5.10.1.4 AutoML 130
5.10.1.5 Causal AI 130
5.10.1.6 Decision Intelligence 130
5.10.1.7 MLOps 131
5.10.1.8 Embedded AI 131
5.10.1.9 Composite AI 131
5.10.2 COMPLEMENTARY TECHNOLOGIES 132
5.10.2.1 Blockchain 132
5.10.2.2 Edge Computing 132
5.10.2.3 Sensors and Robotics 132
5.10.2.4 Cybersecurity 132
5.10.3 ADJACENT TECHNOLOGIES 133
5.10.3.1 Predictive Analytics 133
5.10.3.2 IoT 133
5.10.3.3 Big Data 133
5.10.3.4 Augmented Reality 134
5.10.3.5 Virtual Reality 134
5.11 TARIFF AND REGULATORY LANDSCAPE 134
5.11.1 TARIFF RELATED TO PROCESSORS AND CONTROLLERS (HSN: 854231) 134
TABLE 10 TARIFF RELATED TO PROCESSORS AND CONTROLLERS (HSN: 854231), 2023 135
5.11.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 136
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 136
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 137
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 138
TABLE 14 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 138
TABLE 15 LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 139
5.11.3 REGULATIONS: ARTIFICIAL INTELLIGENCE 139
5.11.3.1 North America 139
5.11.3.1.1 SCR 17: Artificial Intelligence Bill (California) 139
5.11.3.1.2 S1103: Artificial Intelligence Automated Decision Bill (Connecticut) 139
5.11.3.1.3 National Artificial Intelligence Initiative Act (NAIIA) 139
5.11.3.1.4 The Artificial Intelligence and Data Act (AIDA) – Canada 140
5.11.3.2 Europe 140
5.11.3.2.1 The European Union (EU) – Artificial Intelligence Act (AIA) 140
5.11.3.2.2 General Data Protection Regulation (Europe) 141
5.11.3.3 Asia Pacific 141
5.11.3.3.1 Interim Administrative Measures for Generative Artificial Intelligence Services (China) 141
5.11.3.3.2 The National AI Strategy (Singapore) 142
5.11.3.3.3 The Hiroshima AI Process Comprehensive Policy Framework (Japan) 142
5.11.3.4 Middle East & Africa 143
5.11.3.4.1 The National Strategy for Artificial Intelligence (UAE) 143
5.11.3.4.2 The National Artificial Intelligence Strategy (Qatar) 143
5.11.3.4.3 The AI Ethics Principles and Guidelines (Dubai) 144
5.11.3.5 Latin America 144
5.11.3.5.1 The Santiago Declaration (Chile) 144
5.11.3.5.2 The Brazilian Artificial Intelligence Strategy (EBIA) 144
5.12 PATENT ANALYSIS 145
5.12.1 METHODOLOGY 145
5.12.2 PATENTS FILED, BY DOCUMENT TYPE 145
TABLE 16 PATENTS FILED, 2013–2023 145
5.12.3 INNOVATION AND PATENT APPLICATIONS 146
FIGURE 51 NUMBER OF PATENTS GRANTED IN LAST 10 YEARS, 2013–2023 146
5.12.3.1 Top 10 applicants in artificial intelligence market 146
FIGURE 52 TOP 10 APPLICANTS IN ARTIFICIAL INTELLIGENCE MARKET, 2013–2023 146
TABLE 17 TOP 20 PATENT OWNERS IN ARTIFICIAL INTELLIGENCE MARKET, 2013–2023 147
TABLE 18 LIST OF FEW PATENTS IN ARTIFICIAL INTELLIGENCE MARKET, 2022–2023 148
FIGURE 53 REGIONAL ANALYSIS OF PATENTS GRANTED, 2013–2023 151
5.13 PRICING ANALYSIS 152
5.13.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TECHNOLOGY 152
FIGURE 54 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP 3 TECHNOLOGIES 152
TABLE 19 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP 3 TECHNOLOGIES (USD) 153
5.13.2 INDICATIVE PRICING ANALYSIS, BY OFFERING 153
TABLE 20 INDICATIVE PRICING LEVELS OF GENERATIVE AI SOLUTIONS, BY OFFERING 153
5.14 TRADE ANALYSIS 155
5.14.1 EXPORT SCENARIO OF PROCESSORS AND CONTROLLERS 155
FIGURE 55 PROCESSORS AND CONTROLLERS EXPORT, BY KEY COUNTRY, 2016–2023 (USD BILLION) 156
5.14.2 IMPORT SCENARIO OF PROCESSORS AND CONTROLLERS 156
FIGURE 56 PROCESSORS AND CONTROLLERS IMPORT, BY KEY COUNTRY, 2016–2023 (USD BILLION) 157
5.15 KEY CONFERENCES AND EVENTS (2024–2025) 158
TABLE 21 ARTIFICIAL INTELLIGENCE (AI) MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025 158
5.16 PORTER’S FIVE FORCES ANALYSIS 159
TABLE 22 PORTERS’ FIVE FORCES’ IMPACT ON ARTIFICIAL INTELLIGENCE (AI) MARKET 159
FIGURE 57 ARTIFICIAL INTELLIGENCE (AI) MARKET: PORTER’S FIVE FORCES ANALYSIS 160
5.16.1 THREAT OF NEW ENTRANTS 160
5.16.2 THREAT OF SUBSTITUTES 161
5.16.3 BARGAINING POWER OF SUPPLIERS 161
5.16.4 BARGAINING POWER OF BUYERS 161
5.16.5 INTENSITY OF COMPETITIVE RIVALRY 161
5.17 ARTIFICIAL INTELLIGENCE MARKET TECHNOLOGY ROADMAP 162
FIGURE 58 TECHNOLOGY ROADMAP FOR ARTIFICIAL INTELLIGENCE MARKET 162
5.18 ARTIFICIAL INTELLIGENCE BUSINESS MODELS 164
FIGURE 59 BUSINESS MODELS OF ARTIFICIAL INTELLIGENCE MARKET 164
5.18.1 AI SAAS PRODUCT VENDOR 164
5.18.2 AI PLATFORM VENDOR 165
5.18.3 AI LICENSING AND INTELLECTUAL PROPERTY VENDOR 165
5.18.4 AI TECHNICAL CONSULTING VENDOR 165
5.18.5 AI MANAGEMENT CONSULTING VENDOR 165
5.18.6 AI RESEARCH AND DEVELOPMENT VENDOR 166
5.19 KEY STAKEHOLDERS & BUYING CRITERIA 166
5.19.1 KEY STAKEHOLDERS IN BUYING PROCESS 166
FIGURE 60 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS 166
TABLE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS 166
5.19.2 BUYING CRITERIA 167
FIGURE 61 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 167
TABLE 24 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 167
5.20 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 168
5.20.1 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 168
FIGURE 62 ARTIFICIAL INTELLIGENCE MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 168
6 ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING 169
6.1 INTRODUCTION 170
6.1.1 OFFERING: ARTIFICIAL INTELLIGENCE MARKET DRIVERS 170
FIGURE 63 SERVICES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 171
TABLE 25 ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD BILLION) 171
TABLE 26 ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD BILLION) 171
6.2 HARDWARE 172
FIGURE 64 AI ACCELERATORS TO HOLD LARGEST SHARE IN 2024 172
TABLE 27 ARTIFICIAL INTELLIGENCE MARKET, BY HARDWARE, 2019–2023 (USD MILLION) 173
TABLE 28 ARTIFICIAL INTELLIGENCE MARKET, BY HARDWARE, 2024–2030 (USD MILLION) 173
6.2.1 AI ACCELERATORS 173
6.2.1.1 Rise in demand for more optimized processing in artificial intelligence applications to drive growth 173
TABLE 29 AI ACCELERATORS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 174
TABLE 30 AI ACCELERATORS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 174
6.2.2 PROCESSORS 174
6.2.2.1 Technological advancements pave way for smaller, more powerful, and more efficient chips 174
FIGURE 65 GRAPHICS PROCESSING UNIT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024 175
TABLE 31 ARTIFICIAL INTELLIGENCE MARKET, BY PROCESSOR, 2019–2023 (USD MILLION) 175
TABLE 32 ARTIFICIAL INTELLIGENCE MARKET, BY PROCESSOR, 2024–2030 (USD MILLION) 176
6.2.2.2 Graphics Processing Unit (GPU) 176
TABLE 33 GRAPHICS PROCESSING UNIT: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 176
TABLE 34 GRAPHICS PROCESSING UNIT: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 177
6.2.2.3 Central Processing Unit (CPU) 177
TABLE 35 CENTRAL PROCESSING UNIT: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 177
TABLE 36 CENTRAL PROCESSING UNIT: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 178
6.2.2.4 Field Programmable Gate Arrays (FPGA) 178
TABLE 37 FIELD PROGRAMMABLE GATE ARRAYS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 179
TABLE 38 FIELD PROGRAMMABLE GATE ARRAYS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 179
6.2.2.5 Other Processors 179
TABLE 39 OTHER PROCESSORS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 180
TABLE 40 OTHER PROCESSORS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 180
6.2.3 MEMORY 180
6.2.3.1 Advancements in specialized memory solutions to impact performance and scalability of AI systems 180
TABLE 41 MEMORY: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 181
TABLE 42 MEMORY: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 181
6.2.4 NETWORKING HARDWARE 181
6.2.4.1 Enhancing efficient AI operations with AI networking hardware to drive market growth 181
TABLE 43 NETWORKING HARDWARE: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 182
TABLE 44 NETWORKING HARDWARE: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 182
6.3 SOFTWARE 183
6.3.1 SOFTWARE, BY TYPE 183
FIGURE 66 GENERATIVE AI TO BE FASTER-GROWING SOFTWARE TYPE BETWEEN 2024 AND 2030 184
TABLE 45 SOFTWARE: ARTIFICIAL INTELLIGENCE MARKET, BY TYPE, 2019–2023 (USD BILLION) 184
TABLE 46 SOFTWARE: ARTIFICIAL INTELLIGENCE MARKET, BY TYPE, 2024–2030 (USD BILLION) 184
6.3.1.1 Discriminative AI 184
6.3.1.1.1 Delivering precise and actionable insights across various industries with discriminative AI to drive market growth 184
6.3.1.1.2 Classification Algorithms 185
TABLE 47 CLASSIFICATION ALGORITHMS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 185
TABLE 48 CLASSIFICATION ALGORITHMS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 186
6.3.1.1.3 Regression Algorithms 186
TABLE 49 REGRESSION ALGORITHMS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 186
TABLE 50 REGRESSION ALGORITHMS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 187
6.3.1.1.4 Deep Learning Platforms 187
TABLE 51 DEEP LEARNING PLATFORMS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 187
TABLE 52 DEEP LEARNING PLATFORMS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 188
6.3.1.1.5 Ensemble Methods 188
TABLE 53 ENSEMBLE METHODS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 188
TABLE 54 ENSEMBLE METHODS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 189
6.3.1.2 Generative AI 189
6.3.1.2.1 Statistical models to provide powerful way to capture complex patterns in data and generate precise outputs 189
6.3.1.2.2 Rule-based Generative AI Models 189
TABLE 55 RULE-BASED GENERATIVE AI MODELS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 190
TABLE 56 RULE-BASED GENERATIVE AI MODELS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 190
6.3.1.2.3 Statistical-based Generative AI Models 190
TABLE 57 STATISTICAL-BASED GENERATIVE AI MODELS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 191
TABLE 58 STATISTICAL-BASED GENERATIVE AI MODELS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 191
6.3.1.2.4 Deep Learning Generative AI Platforms 191
TABLE 59 DEEP LEARNING GENERATIVE AI PLATFORMS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 192
TABLE 60 DEEP LEARNING GENERATIVE AI PLATFORMS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 192
6.3.1.2.5 Generative Adversarial Networks (GANs) 192
TABLE 61 GENERATIVE ADVERSARIAL NETWORKS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 193
TABLE 62 GENERATIVE ADVERSARIAL NETWORKS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 193
6.3.1.2.6 Autoencoders 193
TABLE 63 AUTOENCODERS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 194
TABLE 64 AUTOENCODERS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 194
6.3.1.2.7 Convolutional Neural Networks (CNNs) 194
TABLE 65 CONVOLUTIONAL NEURAL NETWORKS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 195
TABLE 66 CONVOLUTIONAL NEURAL NETWORKS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 195
6.3.1.2.8 Transformer Models 195
TABLE 67 TRANSFORMER MODELS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 196
TABLE 68 TRANSFORMER MODELS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 196
6.3.1.2.8.1 Bidirectional Encoder Representations from Transformers (BERT) 196
6.3.1.2.8.2 Generative Pre-trained Transformer 1 (GPT-1) 196
6.3.1.2.8.3 Generative Pre-trained Transformer-2 (GPT-2) 197
6.3.1.2.8.4 Generative Pre-trained Transformer-3 (GPT-3) 197
6.3.1.2.8.5 Generative Pre-trained Transformer-4 (GPT-4) 197
6.3.1.2.8.6 Language Model for Dialogue Applications (LaMDA) 198
6.3.1.2.8.7 Other transformer models 198
6.3.2 SOFTWARE, BY DEPLOYMENT MODE 199
FIGURE 67 CLOUD SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 199
TABLE 69 SOFTWARE: ARTIFICIAL INTELLIGENCE MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD BILLION) 199
TABLE 70 SOFTWARE: ARTIFICIAL INTELLIGENCE MARKET, BY DEPLOYMENT MODE, 2024–2030 (USD BILLION) 200
6.3.2.1 Cloud 200
6.3.2.1.1 Handling large-scale data and computing-intensive tasks seamlessly with cloud-based deployment to drive market growth 200
TABLE 71 CLOUD: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 200
TABLE 72 CLOUD: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 201
6.3.2.2 On-premises 201
6.3.2.2.1 On-premises deployment mode to offer enhanced security, compliance, and tailored performance 201
TABLE 73 ON-PREMISES: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 201
TABLE 74 ON-PREMISES: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 202
6.3.3 SOFTWARE, BY CODING AUTOMATION 202
FIGURE 68 NO-CODE AI SEGMENT TO WITNESS HIGHER GROWTH RATE DURING FORECAST PERIOD 203
TABLE 75 SOFTWARE: ARTIFICIAL INTELLIGENCE MARKET, BY CODING AUTOMATION, 2019–2023 (USD MILLION) 203
TABLE 76 SOFTWARE: ARTIFICIAL INTELLIGENCE MARKET, BY CODING AUTOMATION, 2024–2030 (USD MILLION) 203
6.3.3.1 No-code AI 204
6.3.3.1.1 No-code AI to democratize use of advanced AI technologies, fostering innovation across various sectors 204
TABLE 77 NO-CODE AI: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 204
TABLE 78 NO-CODE AI: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 204
6.3.3.2 Low-code AI 205
6.3.3.2.1 Low-code AI to provide common framework for developing and refining AI models 205
TABLE 79 LOW-CODE AI: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 205
TABLE 80 LOW-CODE AI: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 205
6.4 SERVICES 206
FIGURE 69 MANAGED SERVICES TO REGISTER HIGHER CAGR IN ARTIFICIAL INTELLIGENCE MARKET DURING FORECAST PERIOD 206
TABLE 81 ARTIFICIAL INTELLIGENCE MARKET, BY SERVICE, 2019–2023 (USD MILLION) 206
TABLE 82 ARTIFICIAL INTELLIGENCE MARKET, BY SERVICE, 2024–2030 (USD MILLION) 207
6.4.1 PROFESSIONAL SERVICES 207
6.4.1.1 Professional services to help organizations sustain benefits of AI technology, ensuring continuous improvement and competitive advantage 207
FIGURE 70 SUPPORT & MAINTENANCE TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 207
TABLE 83 SERVICES: ARTIFICIAL INTELLIGENCE MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION) 208
TABLE 84 SERVICES: ARTIFICIAL INTELLIGENCE MARKET, BY PROFESSIONAL SERVICE, 2024–2030 (USD MILLION) 208
6.4.1.2 Training & consulting 208
TABLE 85 TRAINING & CONSULTING: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 209
TABLE 86 TRAINING & CONSULTING: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 209
6.4.1.3 System integration & deployment 209
TABLE 87 SYSTEM INTEGRATION & DEPLOYMENT: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 210
TABLE 88 SYSTEM INTEGRATION & DEPLOYMENT: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 210
6.4.1.4 Support & maintenance 210
TABLE 89 SUPPORT & MAINTENANCE: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 211
TABLE 90 SUPPORT & MAINTENANCE: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 211
6.4.2 MANAGED SERVICES 211
6.4.2.1 Managed services to provide end-to-end management for artificial intelligence, helping businesses focus on core competencies 211
TABLE 91 MANAGED SERVICES: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 212
TABLE 92 MANAGED SERVICES: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 212
7 ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY 213
7.1 INTRODUCTION 214
7.1.1 TECHNOLOGY: ARTIFICIAL INTELLIGENCE MARKET DRIVERS 214
FIGURE 71 CONTEXT AWARE AI TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 215
TABLE 93 ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2019–2023 (USD BILLION) 215
TABLE 94 ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2024–2030 (USD BILLION) 215
7.2 MACHINE LEARNING 216
7.2.1 MACHINE LEARNING ALGORITHMS TO ENABLE SYSTEMS TO LEARN FROM DATA, ENHANCING THEIR ACCURACY AND EFFICIENCY 216
TABLE 95 ARTIFICIAL INTELLIGENCE MARKET, BY MACHINE LEARNING, 2019–2023 (USD BILLION) 216
TABLE 96 ARTIFICIAL INTELLIGENCE MARKET, BY MACHINE LEARNING, 2024–2030 (USD BILLION) 216
7.2.2 SUPERVISED LEARNING 217
TABLE 97 SUPERVISED LEARNING: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 217
TABLE 98 SUPERVISED LEARNING: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 217
7.2.3 UNSUPERVISED LEARNING 218
TABLE 99 UNSUPERVISED LEARNING: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 218
TABLE 100 UNSUPERVISED LEARNING: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 218
7.2.4 REINFORCEMENT LEARNING 219
TABLE 101 REINFORCEMENT LEARNING: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 219
TABLE 102 REINFORCEMENT LEARNING: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 219
7.3 NATURAL LANGUAGE PROCESSING 220
7.3.1 BUSINESSES TO LEVERAGE NLP TO ENHANCE CUSTOMER SERVICE THROUGH ADVANCED CHATBOTS AND VIRTUAL ASSISTANTS 220
TABLE 103 ARTIFICIAL INTELLIGENCE MARKET, BY NATURAL LANGUAGE PROCESSING, 2019–2023 (USD BILLION) 220
TABLE 104 ARTIFICIAL INTELLIGENCE MARKET, BY NATURAL LANGUAGE PROCESSING, 2024–2030 (USD BILLION) 220
7.3.2 NATURAL LANGUAGE UNDERSTANDING (NLU) 221
TABLE 105 NATURAL LANGUAGE UNDERSTANDING: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 221
TABLE 106 NATURAL LANGUAGE UNDERSTANDING: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 222
7.3.2.1 Text Classification 222
7.3.2.2 Named Entity Recognition (NER) 222
7.3.2.3 Intent Recognition 222
7.3.2.4 Relationship Extraction 223
7.3.2.5 Other NLU Technologies 223
7.3.3 NATURAL LANGUAGE GENERATION 223
TABLE 107 NATURAL LANGUAGE GENERATION: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 224
TABLE 108 NATURAL LANGUAGE GENERATION: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 224
7.3.3.1 Text Summarization 225
7.3.3.2 Machine Translation 225
7.3.3.3 Language Modeling 225
7.3.3.4 Dialogue Generation 226
7.4 COMPUTER VISION 226
7.4.1 GROWING DEMAND FOR AUTOMATION, EFFICIENCY, AND ENHANCED DECISION-MAKING TO DRIVE ADOPTION OF COMPUTER VISION TECHNOLOGY 226
TABLE 109 ARTIFICIAL INTELLIGENCE MARKET, BY COMPUTER VISION, 2019–2023 (USD BILLION) 227
TABLE 110 ARTIFICIAL INTELLIGENCE MARKET, BY COMPUTER VISION, 2024–2030 (USD BILLION) 227
7.4.2 OBJECT DETECTION 227
TABLE 111 OBJECT DETECTION: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 228
TABLE 112 OBJECT DETECTION: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 228
7.4.3 IMAGE CLASSIFICATION 228
TABLE 113 IMAGE CLASSIFICATION: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 229
TABLE 114 IMAGE CLASSIFICATION: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 229
7.4.4 SEMANTIC SEGMENTATION 229
TABLE 115 SEMANTIC SEGMENTATION: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 230
TABLE 116 SEMANTIC SEGMENTATION: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 230
7.4.5 FACIAL RECOGNITION 230
TABLE 117 FACIAL RECOGNITION: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 231
TABLE 118 FACIAL RECOGNITION: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 231
7.4.6 OTHER COMPUTER VISION TECHNOLOGIES 231
TABLE 119 OTHER COMPUTER VISION TECHNOLOGIES: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 232
TABLE 120 OTHER COMPUTER VISION TECHNOLOGIES: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 232
7.5 CONTEXT-AWARE ARTIFICIAL INTELLIGENCE (CAAI) 232
7.5.1 USING CONTEXT ENHANCES DECISION-MAKING PROCESSES AND IMPROVES ABILITY TO INTERACT WITH USE OF CONTEXT-AWARE AI 232
TABLE 121 ARTIFICIAL INTELLIGENCE MARKET, BY CONTEXT-AWARE ARTIFICIAL INTELLIGENCE, 2019–2023 (USD MILLION) 233
TABLE 122 ARTIFICIAL INTELLIGENCE MARKET, BY CONTEXT-AWARE ARTIFICIAL INTELLIGENCE, 2024–2030 (USD MILLION) 233
7.5.2 CONTEXT-AWARE RECOMMENDATION SYSTEMS 234
TABLE 123 CONTEXT-AWARE RECOMMENDATION SYSTEMS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 234
TABLE 124 CONTEXT-AWARE RECOMMENDATION SYSTEMS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 234
7.5.3 MULTI-MODAL AI 235
TABLE 125 MULTI-MODAL AI: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 235
TABLE 126 MULTI-MODAL AI: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 235
7.5.4 CONTEXT-AWARE VIRTUAL ASSISTANTS 236
TABLE 127 CONTEXT-AWARE VIRTUAL ASSISTANTS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 236
TABLE 128 CONTEXT-AWARE VIRTUAL ASSISTANTS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 236
8 ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION 237
8.1 INTRODUCTION 238
8.1.1 BUSINESS FUNCTION: ARTIFICIAL INTELLIGENCE MARKET DRIVERS 238
FIGURE 72 CYBERSECURITY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 239
TABLE 129 ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2019–2023 (USD BILLION) 239
TABLE 130 ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD BILLION) 239
8.2 MARKETING & SALES 240
8.2.1 AI IN MARKETING & SALES TO ENHANCE CUSTOMER ENGAGEMENT, PERSONALIZE MARKETING EFFORTS, AND OPTIMIZE SALES PROCESSES 240
TABLE 131 MARKETING & SALES: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 240
TABLE 132 MARKETING & SALES: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 241
8.2.2 CUSTOMER SEGMENTATION 241
8.2.3 PREDICTIVE LEAD SCORING 241
8.2.4 PERSONALIZED RECOMMENDATIONS 242
8.2.5 DYNAMIC PRICING OPTIMIZATION 242
8.2.6 CHURN PREDICTION 242
8.2.7 SENTIMENT ANALYSIS 243
8.2.8 MARKETING ATTRIBUTION 243
8.2.9 OTHERS 243
8.3 HUMAN RESOURCES 244
8.3.1 DEPLOYMENT OF AI-DRIVEN CHATBOTS IN HR TO HELP IN HANDLING ROUTINE INQUIRIES FROM EMPLOYEES AND INCREASE EFFICIENCY 244
TABLE 133 HUMAN RESOURCES: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 244
TABLE 134 HUMAN RESOURCES: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 245
8.3.2 CANDIDATE SCREENING 245
8.3.3 EMPLOYEE RETENTION ANALYSIS 245
8.3.4 PERFORMANCE MANAGEMENT 246
8.3.5 WORKFORCE PLANNING AND FORECASTING 246
8.3.6 EMPLOYEE FEEDBACK ANALYSIS 246
8.3.7 SKILL GAP ANALYSIS 247
8.3.8 DIVERSITY AND INCLUSION ANALYTICS 247
8.3.9 OTHERS 247
8.4 FINANCE & ACCOUNTING 248
8.4.1 AI IN FINANCE & ACCOUNTING TO HELP STREAMLINE PROCESSES, ENHANCE ACCURACY, AND PROVIDE VALUABLE INSIGHTS FOR DECISION-MAKING 248
TABLE 135 FINANCE & ACCOUNTING: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 248
TABLE 136 FINANCE & ACCOUNTING: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 249
8.4.2 FRAUD DETECTION 249
8.4.3 FINANCIAL FORECASTING 249
8.4.4 EXPENSE MANAGEMENT 250
8.4.5 INVOICE PROCESSING 250
8.4.6 CREDIT RISK ASSESSMENT 250
8.4.7 REGULATORY COMPLIANCE 251
8.4.8 BUDGETING AND PLANNING 251
8.4.9 OTHERS 251
8.5 OPERATIONS 252
8.5.1 PREVENTING COSTLY DOWNTIME AND EXTENDING LIFESPAN OF ASSETS WITH USE OF AI IN OPERATIONS TO DRIVE MARKET GROWTH 252
TABLE 137 OPERATIONS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 252
TABLE 138 OPERATIONS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 253
8.5.2 PREDICTIVE MAINTENANCE 253
8.5.3 SUPPLY CHAIN OPTIMIZATION 253
8.5.4 AIOPS 254
8.5.5 IT SERVICE MANAGEMENT 254
8.5.6 QUALITY CONTROL 254
8.5.7 ROUTE OPTIMIZATION 255
8.5.8 COLD CHAIN MONITORING 255
8.5.9 INVENTORY MANAGEMENT 255
8.5.10 PROCUREMENT AUTOMATION 256
8.5.11 EQUIPMENT FAILURE PREDICTION 256
8.5.12 OTHERS 256
8.6 CYBERSECURITY 257
8.6.1 AI USED IN CONTINUOUSLY SCANNING NETWORKS AND SYSTEMS TO DETECT AND ADDRESS SECURITY WEAKNESSES 257
TABLE 139 CYBERSECURITY: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 257
TABLE 140 CYBERSECURITY: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 258
8.6.2 THREAT DETECTION & RESPONSE 258
8.6.3 ANOMALY DETECTION 258
8.6.4 VULNERABILITY ASSESSMENT 259
8.6.5 IDENTITY AND ACCESS MANAGEMENT 259
8.6.6 SECURITY AUTOMATION AND ORCHESTRATION 259
8.6.7 ENDPOINT PROTECTION 260
8.6.8 NETWORK TRAFFIC ANALYSIS 260
8.6.9 OTHERS 260
9 ARTIFICIAL INTELLIGENCE (AI) MARKET, BY VERTICAL 261
9.1 INTRODUCTION 262
9.1.1 VERTICAL: ARTIFICIAL INTELLIGENCE MARKET DRIVERS 262
FIGURE 73 HEALTHCARE & LIFE SCIENCES TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 263
TABLE 141 ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2019–2023 (USD BILLION) 263
TABLE 142 ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2024–2030 (USD BILLION) 264
9.2 BFSI 264
9.2.1 BANKS ACHIEVED INCREASED PRODUCTIVITY AND COST REDUCTION THROUGH ADOPTION OF ADVANCED ALGORITHMS AND DATA ANALYSIS 264
TABLE 143 BFSI: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 265
TABLE 144 BFSI: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 265
TABLE 145 BFSI: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2019–2023 (USD BILLION) 265
TABLE 146 BFSI: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2024–2030 (USD BILLION) 266
9.2.2 FRAUD DETECTION & PREVENTION 266
9.2.3 RISK ASSESSMENT & MANAGEMENT 266
9.2.4 ALGORITHMIC TRADING 267
9.2.5 CREDIT SCORING & UNDERWRITING 267
9.2.6 CUSTOMER SERVICE AUTOMATION 267
9.2.7 PERSONALIZED FINANCIAL RECOMMENDATION 267
9.2.8 INVESTMENT PORTFOLIO MANAGEMENT 268
9.2.9 REGULATORY COMPLIANCE MONITORING 268
9.2.10 OTHER BFSI APPLICATIONS 268
9.3 RETAIL & ECOMMERCE 268
9.3.1 AI TO ALLOW PERSONALIZED SHOPPING EXPERIENCES AND TAILORED PRODUCT RECOMMENDATIONS IN RETAIL & ECOMMERCE 268
TABLE 147 RETAIL & ECOMMERCE: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 269
TABLE 148 RETAIL & ECOMMERCE: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 269
TABLE 149 RETAIL & ECOMMERCE: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2019–2023 (USD BILLION) 270
TABLE 150 RETAIL & ECOMMERCE: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2024–2030 (USD BILLION) 270
9.3.2 PERSONALIZED PRODUCT RECOMMENDATION 270
9.3.3 CUSTOMER RELATIONSHIP MANAGEMENT 271
9.3.4 VISUAL SEARCH 271
9.3.5 VIRTUAL CUSTOMER ASSISTANT 271
9.3.6 PRICE OPTIMIZATION 272
9.3.7 SUPPLY CHAIN MANAGEMENT & DEMAND PLANNING 272
9.3.8 VIRTUAL STORES 272
9.3.9 OTHER RETAIL & ECOMMERCE APPLICATIONS 272
9.4 MANUFACTURING 273
9.4.1 ADOPTION OF INTELLIGENT SYSTEMS TO AUTOMATE AND OPTIMIZE OPERATIONS IN MANUFACTURING 273
TABLE 151 MANUFACTURING: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 273
TABLE 152 MANUFACTURING: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 273
TABLE 153 MANUFACTURING: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2019–2023 (USD BILLION) 274
TABLE 154 MANUFACTURING: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2024–2030 (USD BILLION) 274
9.4.2 PREDICTIVE MAINTENANCE & MACHINERY INSPECTION 275
9.4.3 MATERIAL MOVEMENT MANAGEMENT 275
9.4.4 PRODUCTION PLANNING 275
9.4.5 RECYCLABLE MATERIAL RECLAMATION 275
9.4.6 QUALITY CONTROL 276
9.4.7 PRODUCTION LINE OPTIMIZATION 276
9.4.8 INTELLIGENT INVENTORY MANAGEMENT 276
9.4.9 OTHER MANUFACTURING APPLICATIONS 276
9.5 GOVERNMENT & DEFENSE 277
9.5.1 INITIATIVES TAKEN BY GOVERNMENTS TO STRENGTHEN NATIONAL SECURITY WILL DRIVE MARKET GROWTH 277
TABLE 155 GOVERNMENT & DEFENSE: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 277
TABLE 156 GOVERNMENT & DEFENSE: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 278
TABLE 157 GOVERNMENT & DEFENSE: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2019–2023 (USD BILLION) 278
TABLE 158 GOVERNMENT & DEFENSE: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2024–2030 (USD BILLION) 279
9.5.2 SURVEILLANCE & SITUATIONAL AWARENESS 279
9.5.3 LAW ENFORCEMENT 279
9.5.4 INTELLIGENCE ANALYSIS & DATA PROCESSING 280
9.5.5 SIMULATION & TRAINING 280
9.5.6 COMMAND & CONTROL 280
9.5.7 DISASTER RESPONSE & RECOVERY ASSISTANCE 280
9.5.8 E-GOVERNANCE & DIGITAL CITY SERVICES 281
9.5.9 OTHER GOVERNMENT & DEFENSE APPLICATIONS 281
9.6 HEALTHCARE & LIFE SCIENCES 281
9.6.1 LEVERAGING VAST DATASETS TO PROVIDE CLINICAL DECISION SUPPORT AND IMPROVING PATIENT CARE WITH AI 281
TABLE 159 HEALTHCARE & LIFE SCIENCES: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 282
TABLE 160 HEALTHCARE & LIFE SCIENCES: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 282
TABLE 161 HEALTHCARE & LIFE SCIENCES: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2019–2023 (USD BILLION) 283
TABLE 162 HEALTHCARE & LIFE SCIENCES: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2024–2030 (USD BILLION) 283
9.6.2 PATIENT DATA & RISK ANALYSIS 284
9.6.3 LIFESTYLE MANAGEMENT & MONITORING AND WEARABLES 284
9.6.4 PRECISION MEDICINE 284
9.6.5 IN-PATIENT CARE & HOSPITAL MANAGEMENT 284
9.6.6 MEDICAL IMAGING & DIAGNOSTICS 285
9.6.7 DRUG DISCOVERY 285
9.6.8 AI-ASSISTED MEDICAL SERVICES 285
9.6.9 MEDICAL RESEARCH 286
9.6.10 OTHER HEALTHCARE & LIFE SCIENCES APPLICATIONS 286
9.7 TELECOMMUNICATIONS 286
9.7.1 AI TO HELP IN EFFICIENTLY MANAGING INCREASING DATA TRAFFIC AND IMPROVING PERFORMANCE OF NETWORKS 286
TABLE 163 TELECOM: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 287
TABLE 164 TELECOM: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 287
TABLE 165 TELECOMMUNICATIONS: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2019–2023 (USD BILLION) 287
TABLE 166 TELECOMMUNICATIONS: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2024–2030 (USD BILLION) 288
9.7.2 NETWORK OPTIMIZATION 288
9.7.3 NETWORK SECURITY 288
9.7.4 CUSTOMER SERVICE & SUPPORT 289
9.7.5 NETWORK ANALYTICS 289
9.7.6 INTELLIGENT CALL ROUTING 289
9.7.7 NETWORK FAULT PREDICTION 289
9.7.8 VIRTUAL NETWORK ASSISTANT 290
9.7.9 VOICE & SPEECH RECOGNITION 290
9.7.10 OTHER TELECOMMUNICATIONS APPLICATIONS 290
9.8 ENERGY & UTILITIES 290
9.8.1 EFFICIENT ENERGY UTILIZATION AND COST SAVINGS BY LEVERAGING ARTIFICIAL INTELLIGENCE TO DRIVE MARKET GROWTH 290
TABLE 167 ENERGY & UTILITIES: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 291
TABLE 168 ENERGY & UTILITIES: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 291
TABLE 169 ENERGY & UTILITIES: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2019–2023 (USD BILLION) 292
TABLE 170 ENERGY & UTILITIES: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2024–2030 (USD BILLION) 292
9.8.2 ENERGY DEMAND FORECASTING 293
9.8.3 GRID OPTIMIZATION & MANAGEMENT 293
9.8.4 ENERGY CONSUMPTION ANALYTICS 293
9.8.5 SMART METERING & ENERGY DATA MANAGEMENT 293
9.8.6 ENERGY STORAGE OPTIMIZATION 294
9.8.7 REAL-TIME ENERGY MONITORING & CONTROL 294
9.8.8 POWER QUALITY MONITORING & MANAGEMENT 294
9.8.9 ENERGY TRADING & MARKETING FORECASTING 294
9.8.10 INTELLIGENT ENERGY MANAGEMENT SYSTEMS 295
9.8.11 OTHER ENERGY & UTILITIES APPLICATIONS 295
9.9 AUTOMOTIVE, TRANSPORTATION, AND LOGISTICS 295
9.9.1 ADVANCEMENTS IN MACHINE LEARNING, COMPUTER VISION, AND DATA ANALYTICS TO DRIVE MARKET GROWTH 295
TABLE 171 AUTOMOTIVE, TRANSPORTATION, AND LOGISTICS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 296
TABLE 172 AUTOMOTIVE, TRANSPORTATION, AND LOGISTICS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 296
TABLE 173 AUTOMOTIVE, TRANSPORTATION, AND LOGISTICS: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2019–2023 (USD BILLION) 297
TABLE 174 AUTOMOTIVE, TRANSPORTATION, AND LOGISTICS: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2024–2030 (USD BILLION) 297
9.9.2 SUPPLY CHAIN VISIBILITY AND TRACKING 298
9.9.3 ROUTE OPTIMIZATION 298
9.9.4 INTELLIGENT TRAFFIC MANAGEMENT 298
9.9.5 DRIVER ASSISTANCE SYSTEMS 299
9.9.6 SMART LOGISTICS & WAREHOUSING 299
9.9.7 SEMI-AUTONOMOUS & AUTONOMOUS VEHICLES 299
9.9.8 FLEET MANAGEMENT 299
9.9.9 VEHICLE DIAGNOSTICS AND TELEMATICS 300
9.9.10 OTHER AUTOMOTIVE, TRANSPORTATION, AND LOGISTICS APPLICATIONS 300
9.10 AGRICULTURE 300
9.10.1 AGRICULTURE INDUSTRY HAS POTENTIAL TO ENHANCE PRODUCTIVITY, REDUCE COSTS, AND MINIMIZE WASTE USING AI 300
TABLE 175 AGRICULTURE: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD MILLION) 301
TABLE 176 AGRICULTURE: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD MILLION) 301
TABLE 177 AGRICULTURE: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 302
TABLE 178 AGRICULTURE: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 302
9.10.2 CROP MONITORING & YIELD PREDICTION 303
9.10.3 PRECISION FARMING 303
9.10.4 SOIL ANALYSIS & NUTRIENT MANAGEMENT 303
9.10.5 PEST & DISEASE DETECTION 303
9.10.6 IRRIGATION OPTIMIZATION & WATER MANAGEMENT 304
9.10.7 AUTOMATED HARVESTING & SORTING 304
9.10.8 WEED DETECTION & MANAGEMENT 304
9.10.9 WEATHER & CLIMATE MONITORING 304
9.10.10 LIVESTOCK MONITORING & HEALTH MANAGEMENT 305
9.10.11 OTHER AGRICULTURAL APPLICATIONS 305
9.11 IT/ITES 305
9.11.1 RISE IN OPPORTUNITIES TO ENHANCE CUSTOMER EXPERIENCES AND DRIVE COMPETITIVE ADVANTAGE BY LEVERAGING AI 305
TABLE 179 IT/ITES: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 306
TABLE 180 IT/ITES: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 306
TABLE 181 IT/ITES: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2019–2023 (USD BILLION) 307
TABLE 182 IT/ITES: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2024–2030 (USD BILLION) 307
9.11.2 AUTOMATED CODE GENERATION & OPTIMIZATION 307
9.11.3 AUTOMATED IT ASSET MANAGEMENT 308
9.11.4 IT TICKETING & SUPPORT AUTOMATION 308
9.11.5 INTELLIGENT DATA BACKUP & RECOVERY 308
9.11.6 AUTOMATED SOFTWARE TESTING & QUALITY ASSURANCE 308
9.11.7 OTHER IT/ITES APPLICATIONS 309
9.12 MEDIA & ENTERTAINMENT 309
9.12.1 AI TO ENABLE MEDIA & ENTERTAINMENT COMPANIES TO ANALYZE VAST AMOUNTS OF DATA, AUTOMATE PROCESSES, AND EXTRACT VALUABLE INSIGHTS 309
TABLE 183 MEDIA & ENTERTAINMENT: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 310
TABLE 184 MEDIA & ENTERTAINMENT: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 310
TABLE 185 MEDIA & ENTERTAINMENT: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2019–2023 (USD BILLION) 310
TABLE 186 MEDIA & ENTERTAINMENT: ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2024–2030 (USD BILLION) 311
9.12.2 CONTENT RECOMMENDATION SYSTEMS 311
9.12.3 CONTENT CREATION & GENERATION 311
9.12.4 CONTENT COPYRIGHT PROTECTION 312
9.12.5 AUDIENCE ANALYTICS AND SEGMENTATION 312
9.12.6 PERSONALIZED ADVERTISING 312
9.12.7 OTHER MEDIA & ENTERTAINMENT APPLICATIONS 313
9.13 OTHER VERTICALS 313
TABLE 187 OTHER VERTICALS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 314
TABLE 188 OTHER VERTICALS: ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 314
10 ARTIFICIAL INTELLIGENCE (AI) MARKET, BY REGION 315
10.1 INTRODUCTION 316
FIGURE 74 INDIA TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD 316
FIGURE 75 ASIA PACIFIC TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD 317
TABLE 189 ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2019–2023 (USD BILLION) 317
TABLE 190 ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2024–2030 (USD BILLION) 317
10.2 NORTH AMERICA 318
10.2.1 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET DRIVERS 318
10.2.2 NORTH AMERICA: RECESSION IMPACT 318
FIGURE 76 NORTH AMERICA: MARKET SNAPSHOT 319
TABLE 191 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD BILLION) 320
TABLE 192 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD BILLION) 320
TABLE 193 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY HARDWARE, 2019–2023 (USD BILLION) 320
TABLE 194 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY HARDWARE, 2024–2030 (USD BILLION) 321
TABLE 195 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY SOFTWARE TYPE, 2019–2023 (USD BILLION) 321
TABLE 196 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY SOFTWARE TYPE, 2024–2030 (USD BILLION) 321
TABLE 197 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY SOFTWARE DEPLOYMENT MODE, 2019–2023 (USD BILLION) 321
TABLE 198 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY SOFTWARE DEPLOYMENT MODE, 2024–2030 (USD BILLION) 322
TABLE 199 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY CODING AUTOMATION, 2019–2023 (USD BILLION) 322
TABLE 200 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY CODING AUTOMATION, 2024–2030 (USD BILLION) 322
TABLE 201 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY SERVICE, 2019–2023 (USD BILLION) 322
TABLE 202 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY SERVICE, 2024–2030 (USD BILLION) 323
TABLE 203 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2019–2023 (USD BILLION) 323
TABLE 204 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2024–2030 (USD BILLION) 323
TABLE 205 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2019–2023 (USD BILLION) 324
TABLE 206 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD BILLION) 324
TABLE 207 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2019–2023 (USD BILLION) 325
TABLE 208 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2024–2030 (USD BILLION) 325
TABLE 209 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2019–2023 (USD BILLION) 326
TABLE 210 NORTH AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2024–2030 (USD BILLION) 326
10.2.3 US 326
10.2.3.1 Growth initiatives by US government and businesses to drive market growth 326
TABLE 211 US: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 327
TABLE 212 US: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 327
10.2.4 CANADA 327
10.2.4.1 Rise in adoption of technologies for research and innovation in Canada to drive market growth 327
TABLE 213 CANADA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 328
TABLE 214 CANADA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 328
10.3 EUROPE 328
10.3.1 EUROPE: ARTIFICIAL INTELLIGENCE MARKET DRIVERS 329
10.3.2 EUROPE: RECESSION IMPACT 330
TABLE 215 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD BILLION) 330
TABLE 216 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD BILLION) 330
TABLE 217 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY HARDWARE, 2019–2023 (USD BILLION) 331
TABLE 218 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY HARDWARE, 2024–2030 (USD BILLION) 331
TABLE 219 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY SOFTWARE TYPE, 2019–2023 (USD BILLION) 331
TABLE 220 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY SOFTWARE TYPE, 2024–2030 (USD BILLION) 332
TABLE 221 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD BILLION) 332
TABLE 222 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY DEPLOYMENT MODE, 2024–2030 (USD BILLION) 332
TABLE 223 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY CODING AUTOMATION, 2019–2023 (USD BILLION) 332
TABLE 224 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY CODING AUTOMATION, 2024–2030 (USD BILLION) 333
TABLE 225 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY SERVICE, 2019–2023 (USD BILLION) 333
TABLE 226 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY SERVICE, 2024–2030 (USD BILLION) 333
TABLE 227 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2019–2023 (USD BILLION) 333
TABLE 228 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2024–2030 (USD BILLION) 334
TABLE 229 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2019–2023 (USD BILLION) 334
TABLE 230 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD BILLION) 334
TABLE 231 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2019–2023 (USD BILLION) 335
TABLE 232 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2024–2030 (USD BILLION) 335
TABLE 233 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2019–2023 (USD BILLION) 336
TABLE 234 EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2024–2030 (USD BILLION) 336
10.3.3 UK 337
10.3.3.1 Continuous investments and initiatives by UK government to bolster growth of AI market 337
TABLE 235 UK: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 337
TABLE 236 UK: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 337
10.3.4 GERMANY 338
10.3.4.1 Increasing need to prioritize artificial intelligence governance aligning with regulatory frameworks to drive market growth in Germany 338
TABLE 237 GERMANY: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 338
TABLE 238 GERMANY: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 339
10.3.5 FRANCE 339
10.3.5.1 Active promotions of AI initiatives and investments in research and development to push French market forward 339
TABLE 239 FRANCE: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 339
TABLE 240 FRANCE: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 340
10.3.6 ITALY 340
10.3.6.1 Adoption of sophisticated technologies with thriving startup ecosystem in Italy to drive market growth 340
TABLE 241 ITALY: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 340
TABLE 242 ITALY: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 341
10.3.7 SPAIN 341
10.3.7.1 Initiatives by Spanish government to promote widespread adoption of artificial intelligence 341
TABLE 243 SPAIN: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 342
TABLE 244 SPAIN: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 342
10.3.8 NORDICS 342
TABLE 245 NORDICS: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 343
TABLE 246 NORDICS: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 343
10.3.9 BENELUX 343
TABLE 247 BENELUX: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 344
TABLE 248 BENELUX: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 344
10.3.10 REST OF EUROPE 344
TABLE 249 REST OF EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 345
TABLE 250 REST OF EUROPE: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 345
10.4 ASIA PACIFIC 345
10.4.1 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET DRIVERS 346
10.4.2 ASIA PACIFIC: IMPACT OF RECESSION 346
FIGURE 77 ASIA PACIFIC: MARKET SNAPSHOT 347
TABLE 251 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD BILLION) 347
TABLE 252 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD BILLION) 348
TABLE 253 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY HARDWARE, 2019–2023 (USD BILLION) 348
TABLE 254 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY HARDWARE, 2024–2030 (USD BILLION) 348
TABLE 255 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY SOFTWARE TYPE, 2019–2023 (USD BILLION) 349
TABLE 256 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY SOFTWARE TYPE, 2024–2030 (USD BILLION) 349
TABLE 257 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD BILLION) 349
TABLE 258 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY DEPLOYMENT MODE, 2024–2030 (USD BILLION) 349
TABLE 259 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY CODING AUTOMATION, 2019–2023 (USD BILLION) 350
TABLE 260 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY CODING AUTOMATION, 2024–2030 (USD BILLION) 350
TABLE 261 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY SERVICE, 2019–2023 (USD BILLION) 350
TABLE 262 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY SERVICE, 2024–2030 (USD BILLION) 350
TABLE 263 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2019–2023 (USD BILLION) 351
TABLE 264 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2024–2030 (USD BILLION) 351
TABLE 265 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2019–2023 (USD BILLION) 351
TABLE 266 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD BILLION) 352
TABLE 267 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2019–2023 (USD BILLION) 352
TABLE 268 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2024–2030 (USD BILLION) 353
TABLE 269 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2019–2023 (USD BILLION) 353
TABLE 270 ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2024–2030 (USD BILLION) 354
10.4.3 CHINA 354
10.4.3.1 Government initiatives and regulations in favor of AI development in China to drive market growth 354
TABLE 271 CHINA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 355
TABLE 272 CHINA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 355
10.4.4 INDIA 355
10.4.4.1 Exploring generative AI for innovation and industry transformation in India to drive market growth 355
TABLE 273 INDIA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 356
TABLE 274 INDIA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 356
10.4.5 JAPAN 356
10.4.5.1 Japan’s diverse ecosystem of startups and established tech giants to drive innovation 356
TABLE 275 JAPAN: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 357
TABLE 276 JAPAN: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 357
10.4.6 SOUTH KOREA 357
10.4.6.1 Government investments in artificial intelligence infrastructure to enhance citizen services in South Korea 357
TABLE 277 SOUTH KOREA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 358
TABLE 278 SOUTH KOREA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 358
10.4.7 AUSTRALIA & NEW ZEALAND 358
10.4.7.1 Business experiment with gen AI applications to analyze vast amounts of data and extract valuable insights will drive market growth 358
TABLE 279 AUSTRALIA & NEW ZEALAND: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 359
TABLE 280 AUSTRALIA & NEW ZEALAND: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 359
10.4.8 ASEAN 360
TABLE 281 ASEAN: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 360
TABLE 282 ASEAN: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 360
10.4.9 REST OF ASIA PACIFIC 361
TABLE 283 REST OF ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 361
TABLE 284 REST OF ASIA PACIFIC: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 361
10.5 MIDDLE EAST & AFRICA 362
10.5.1 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET DRIVERS 362
10.5.2 MIDDLE EAST & AFRICA: IMPACT OF RECESSION 363
TABLE 285 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 363
TABLE 286 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 364
TABLE 287 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY HARDWARE, 2019–2023 (USD MILLION) 364
TABLE 288 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY HARDWARE, 2024–2030 (USD MILLION) 364
TABLE 289 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY SOFTWARE TYPE, 2019–2023 (USD MILLION) 365
TABLE 290 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY SOFTWARE TYPE, 2024–2030 (USD MILLION) 365
TABLE 291 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION) 365
TABLE 292 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY DEPLOYMENT MODE, 2024–2030 (USD MILLION) 365
TABLE 293 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY CODING AUTOMATION, 2019–2023 (USD MILLION) 366
TABLE 294 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY CODING AUTOMATION, 2024–2030 (USD MILLION) 366
TABLE 295 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY SERVICE, 2019–2023 (USD MILLION) 366
TABLE 296 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY SERVICE, 2024–2030 (USD MILLION) 366
TABLE 297 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION) 367
TABLE 298 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 367
TABLE 299 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2019–2023 (USD MILLION) 367
TABLE 300 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD MILLION) 368
TABLE 301 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 368
TABLE 302 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2024–2030 (USD MILLION) 369
TABLE 303 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 369
TABLE 304 MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 370
10.5.3 SAUDI ARABIA 370
10.5.3.1 Greater emphasis on artificial intelligence development across key industry verticals in Saudi Arabia to drive market growth 370
TABLE 305 SAUDI ARABIA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 372
TABLE 306 SAUDI ARABIA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 372
TABLE 307 SAUDI ARABIA: ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION) 372
TABLE 308 SAUDI ARABIA: ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 373
TABLE 309 SAUDI ARABIA: ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2019–2023 (USD MILLION) 373
TABLE 310 SAUDI ARABIA: ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD MILLION) 373
TABLE 311 SAUDI ARABIA: ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 374
TABLE 312 SAUDI ARABIA: ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2024–2030 (USD MILLION) 374
10.5.4 UAE 375
10.5.4.1 Implementing proactive strategies and establishing regulatory frameworks for AI adoption to drive market growth 375
TABLE 313 UAE: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 375
TABLE 314 UAE: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 376
10.5.5 SOUTH AFRICA 376
10.5.5.1 Huge investments in South Africa to develop small and medium-sized enterprises for betterment of society will drive market growth 376
TABLE 315 SOUTH AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 376
TABLE 316 SOUTH AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 377
10.5.6 TURKEY 377
10.5.6.1 Turkish government fostering innovation to drive economic growth 377
TABLE 317 TURKEY: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 377
TABLE 318 TURKEY: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 378
10.5.7 QATAR 378
10.5.7.1 Robust and resilient physical and digital infrastructure to be key enabler for Qatar’s economic development 378
TABLE 319 QATAR: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 379
TABLE 320 QATAR: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 379
10.5.8 EGYPT 379
10.5.8.1 Government’s strategic focus on digital transformation and innovation to drive the growth of market in Egypt 379
TABLE 321 EGYPT: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 380
TABLE 322 EGYPT: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 380
10.5.9 KUWAIT 380
10.5.9.1 Rising number of investments in AI technologies and government initiatives to push the market in Kuwait 380
TABLE 323 KUWAIT: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 381
TABLE 324 KUWAIT: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 381
10.5.10 REST OF MIDDLE EAST & AFRICA 381
TABLE 325 REST OF MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 382
TABLE 326 REST OF MIDDLE EAST & AFRICA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 382
10.6 LATIN AMERICA 383
10.6.1 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET DRIVERS 383
10.6.2 LATIN AMERICA: IMPACT OF RECESSION 383
TABLE 327 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 384
TABLE 328 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 384
TABLE 329 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY HARDWARE, 2019–2023 (USD MILLION) 384
TABLE 330 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY HARDWARE, 2024–2030 (USD MILLION) 385
TABLE 331 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY SOFTWARE TYPE, 2019–2023 (USD MILLION) 385
TABLE 332 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY SOFTWARE TYPE, 2024–2030 (USD MILLION) 385
TABLE 333 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION) 385
TABLE 334 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY DEPLOYMENT MODE, 2024–2030 (USD MILLION) 386
TABLE 335 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY CODING AUTOMATION, 2019–2023 (USD MILLION) 386
TABLE 336 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY CODING AUTOMATION, 2024–2030 (USD MILLION) 386
TABLE 337 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY SERVICE, 2019–2023 (USD MILLION) 386
TABLE 338 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY SERVICE, 2024–2030 (USD MILLION) 387
TABLE 339 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION) 387
TABLE 340 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 387
TABLE 341 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2019–2023 (USD MILLION) 388
TABLE 342 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD MILLION) 388
TABLE 343 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 389
TABLE 344 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2024–2030 (USD MILLION) 389
TABLE 345 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 390
TABLE 346 LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 390
10.6.3 BRAZIL 390
10.6.3.1 Strong governmental support and growing interest from private enterprises to boost AI market in Brazil 390
TABLE 347 BRAZIL: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 391
TABLE 348 BRAZIL: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 391
10.6.4 MEXICO 391
10.6.4.1 Mexico to become digitally advanced country due to adoption of AI 391
TABLE 349 MEXICO: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 392
TABLE 350 MEXICO: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 392
10.6.5 ARGENTINA 393
10.6.5.1 Adoption of artificial intelligence to enhance processes and improve decision-making of businesses in Argentina 393
TABLE 351 ARGENTINA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 393
TABLE 352 ARGENTINA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 393
10.6.6 CHILE 394
10.6.6.1 Rise in adoption of artificial intelligence to promote research and innovation centered around human well-being to drive market growth 394
TABLE 353 CHILE: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 394
TABLE 354 CHILE: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 394
10.6.7 REST OF LATIN AMERICA 395
TABLE 355 REST OF LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2019–2023 (USD MILLION) 395
TABLE 356 REST OF LATIN AMERICA: ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2024–2030 (USD MILLION) 395
11 COMPETITIVE LANDSCAPE 396
11.1 OVERVIEW 396
11.2 KEY PLAYER STRATEGIES 396
TABLE 357 OVERVIEW OF STRATEGIES ADOPTED BY KEY ARTIFICIAL INTELLIGENCE VENDORS 396
11.3 REVENUE ANALYSIS 398
FIGURE 78 TOP 5 PLAYERS DOMINATED MARKET FOR LAST 5 YEARS 398
11.4 MARKET SHARE ANALYSIS 399
FIGURE 79 SHARE OF LEADING COMPANIES IN ARTIFICIAL INTELLIGENCE MARKET, 2023 399
11.4.1 MARKET RANKING ANALYSIS 400
TABLE 358 ARTIFICIAL INTELLIGENCE MARKET: DEGREE OF COMPETITION 400
11.5 PRODUCT COMPARATIVE ANALYSIS 403
11.5.1 PRODUCT COMPARATIVE ANALYSIS, BY MACHINE LEARNING 403
FIGURE 80 PRODUCT COMPARATIVE ANALYSIS, BY MACHINE LEARNING 403
11.5.1.1 Vertex AI 403
11.5.1.2 Amazon Forecast 403
11.5.1.3 NVIDIA Jarvis 404
11.5.1.4 SAS Viya 404
11.5.1.5 Microsoft Azure AI Personalizer 404
11.5.2 PRODUCT COMPARATIVE ANALYSIS, BY NATURAL LANGUAGE PROCESSING 404
FIGURE 81 PRODUCT COMPARATIVE ANALYSIS, BY NATURAL LANGUAGE PROCESSING 404
11.5.2.1 Gensim 405
11.5.2.2 MindMeld 405
11.5.2.3 Google Cloud Natural Language 405
11.5.2.4 MonkeyLearn 405
11.5.2.5 Amazon Comprehend 405
11.5.3 PRODUCT COMPARATIVE ANALYSIS, BY COMPUTER VISION 406
FIGURE 82 PRODUCT COMPARATIVE ANALYSIS, BY COMPUTER VISION 406
11.5.3.1 OpenCV 406
11.5.3.2 Viso Suite 406
11.5.3.3 TensorFlow 406
11.5.3.4 MATLAB 407
11.5.3.5 Keras 407
11.6 COMPANY VALUATION AND FINANCIAL METRICS 407
FIGURE 83 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS 407
FIGURE 84 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS 408
11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 408
11.7.1 STARS 408
11.7.2 EMERGING LEADERS 408
11.7.3 PERVASIVE PLAYERS 409
11.7.4 PARTICIPANTS 409
FIGURE 85 ARTIFICIAL INTELLIGENCE MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 409
11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 410
11.7.5.1 Company Footprint 410
FIGURE 86 COMPANY FOOTPRINT (23 COMPANIES) 410
11.7.5.2 Region Footprint 411
TABLE 359 REGION FOOTPRINT (23 COMPANIES) 411
11.7.5.3 Technology Footprint 412
TABLE 360 TECHNOLOGY FOOTPRINT (23 COMPANIES) 412
11.7.5.4 Vertical Footprint 413
TABLE 361 VERTICAL FOOTPRINT (23 COMPANIES) 413
11.7.5.5 Business Function Footprint 414
TABLE 362 BUSINESS FUNCTION FOOTPRINT (23 COMPANIES) 414
11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 415
11.8.1 PROGRESSIVE COMPANIES 415
11.8.2 RESPONSIVE COMPANIES 415
11.8.3 DYNAMIC COMPANIES 415
11.8.4 STARTING BLOCKS 415
FIGURE 87 ARTIFICIAL INTELLIGENCE MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 416
11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 417
11.8.5.1 Detailed List of Key Startups/SMEs 417
TABLE 363 ARTIFICIAL INTELLIGENCE MARKET: DETAILED LIST OF KEY STARTUPS/SMES 417
11.8.5.2 Competitive Benchmarking of Key Startups/SMEs 420
TABLE 364 ARTIFICIAL INTELLIGENCE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 420
11.9 COMPETITIVE SCENARIO AND TRENDS 421
11.9.1 PRODUCT LAUNCHES AND ENHANCEMENTS 421
TABLE 365 ARTIFICIAL INTELLIGENCE MARKET: PRODUCT LAUNCHES AND ENHANCEMENTS, JANUARY 2021–APRIL 2024 422
11.9.2 DEALS 433
TABLE 366 ARTIFICIAL INTELLIGENCE MARKET: DEALS, JANUARY 2021–APRIL 2024 433
12 COMPANY PROFILES 451
12.1 INTRODUCTION 451
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
12.2 MAJOR PLAYERS 451
12.2.1 GOOGLE 451
TABLE 367 GOOGLE: BUSINESS OVERVIEW 451
FIGURE 88 GOOGLE: COMPANY SNAPSHOT 452
TABLE 368 GOOGLE: PRODUCT LAUNCHES AND ENHANCEMENTS 455
TABLE 369 GOOGLE: DEALS 456
TABLE 370 GOOGLE: EXPANSIONS 459
12.2.2 MICROSOFT 461
TABLE 371 MICROSOFT: BUSINESS OVERVIEW 461
FIGURE 89 MICROSOFT: COMPANY SNAPSHOT 462
TABLE 372 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 462
TABLE 373 MICROSOFT: PRODUCT LAUNCHES AND ENHANCEMENTS 464
TABLE 374 MICROSOFT: DEALS 464
12.2.3 IBM 467
TABLE 375 IBM: BUSINESS OVERVIEW 467
FIGURE 90 IBM: COMPANY SNAPSHOT 468
TABLE 376 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 468
TABLE 377 IBM: PRODUCT LAUNCHES AND ENHANCEMENTS 470
TABLE 378 IBM: DEALS 471
12.2.4 ORACLE 474
TABLE 379 ORACLE: BUSINESS OVERVIEW 474
FIGURE 91 ORACLE: COMPANY SNAPSHOT 475
TABLE 380 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 475
TABLE 381 ORACLE: PRODUCT LAUNCHES AND ENHANCEMENTS 477
TABLE 382 ORACLE: DEALS 478
12.2.5 AWS 481
TABLE 383 AWS: BUSINESS OVERVIEW 481
FIGURE 92 AWS: COMPANY SNAPSHOT 481
TABLE 384 AWS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 482
TABLE 385 AWS: PRODUCT LAUNCHES AND ENHANCEMENTS 484
TABLE 386 AWS: DEALS 486
TABLE 387 AWS: OTHERS 487
12.2.6 INTEL 489
TABLE 388 INTEL: BUSINESS OVERVIEW 489
FIGURE 93 INTEL: COMPANY SNAPSHOT 490
TABLE 389 INTEL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 491
TABLE 390 INTEL: PRODUCT LAUNCHES AND ENHANCEMENTS 492
TABLE 391 INTEL: DEALS 493
12.2.7 SALESFORCE 495
TABLE 392 SALESFORCE: BUSINESS OVERVIEW 495
TABLE 393 SALESFORCE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 496
TABLE 394 SALESFORCE: PRODUCT LAUNCHES AND ENHANCEMENTS 498
TABLE 395 SALESFORCE: DEALS 500
12.2.8 SAP 502
TABLE 396 SAP: BUSINESS OVERVIEW 502
FIGURE 95 SAP: COMPANY SNAPSHOT 503
TABLE 397 SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 503
TABLE 398 SAP: PRODUCT LAUNCHES AND ENHANCEMENTS 505
TABLE 399 SAP: DEALS 506
12.2.9 AMD 509
TABLE 400 AMD: BUSINESS OVERVIEW 509
FIGURE 96 AMD: COMPANY SNAPSHOT 510
TABLE 401 AMD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 510
TABLE 402 AMD: PRODUCT LAUNCHES AND ENHANCEMENTS 512
TABLE 403 AMD: DEALS 514
12.2.10 QUALCOMM 515
TABLE 404 QUALCOMM: BUSINESS OVERVIEW 515
FIGURE 97 QUALCOMM: COMPANY SNAPSHOT 516
TABLE 405 QUALCOMM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 516
TABLE 406 QUALCOMM: PRODUCT LAUNCHES AND ENHANCEMENTS 518
TABLE 407 QUALCOMM: DEALS 519
12.2.11 CISCO 520
TABLE 408 CISCO: BUSINESS OVERVIEW 520
FIGURE 98 CISCO: COMPANY SNAPSHOT 521
TABLE 409 CISCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 522
TABLE 410 CISCO: PRODUCT LAUNCHES AND ENHANCEMENTS 523
TABLE 411 CISCO: DEALS 524
12.2.12 META 525
TABLE 412 META: BUSINESS OVERVIEW 525
FIGURE 99 META: COMPANY SNAPSHOT 526
TABLE 413 META: PRODUCTS/SOLUTIONS/SERVICES OFFERED 526
TABLE 414 META: PRODUCT LAUNCHES AND ENHANCEMENTS 528
TABLE 415 META: DEALS 530
12.2.13 HPE 532
TABLE 416 HPE: BUSINESS OVERVIEW 532
FIGURE 100 HPE: COMPANY SNAPSHOT 533
TABLE 417 HPE: PRODUCTS OFFERED 533
TABLE 418 HPE: PRODUCT LAUNCHES AND ENHANCEMENTS 534
TABLE 419 HPE: DEALS 535
12.2.14 SIEMENS 537
TABLE 420 SIEMENS: BUSINESS OVERVIEW 537
FIGURE 101 SIEMENS: COMPANY SNAPSHOT 538
TABLE 421 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 538
TABLE 422 SIEMENS: PRODUCT LAUNCHES AND ENHANCEMENTS 539
TABLE 423 SIEMENS: DEALS 540
12.2.15 NVIDIA 542
TABLE 424 NVIDIA: BUSINESS OVERVIEW 542
FIGURE 102 NVIDIA: COMPANY SNAPSHOT 543
TABLE 425 NVIDIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 543
TABLE 426 NVIDIA: PRODUCT LAUNCHES AND ENHANCEMENTS 545
TABLE 427 NVIDIA: DEALS 546
12.2.16 BAIDU 549
TABLE 428 BAIDU: BUSINESS OVERVIEW 549
FIGURE 103 BAIDU: COMPANY SNAPSHOT 550
TABLE 429 BAIDU: PRODUCTS/SOLUTIONS/SERVICES OFFERED 550
TABLE 430 BAIDU: PRODUCT LAUNCHES AND ENHANCEMENTS 552
TABLE 431 BAIDU: DEALS 553
12.2.17 SAS INSTITUTE 555
TABLE 432 SAS INSTITUTE: BUSINESS OVERVIEW 555
TABLE 433 SAS INSTITUTE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 555
TABLE 434 SAS INSTITUTE: PRODUCT LAUNCHES AND ENHANCEMENTS 556
TABLE 435 SAS INSTITUTE: DEALS 557
12.2.18 OPENAI 559
TABLE 436 OPENAI: BUSINESS OVERVIEW 559
TABLE 437 OPENAI: SOLUTIONS/SERVICES OFFERED 559
TABLE 438 OPENAI: PRODUCT LAUNCHES AND ENHANCEMENTS 561
TABLE 439 OPENAI: DEALS 562
12.2.19 C3 AI 563
TABLE 440 C3 AI: BUSINESS OVERVIEW 563
FIGURE 104 C3 AI: COMPANY SNAPSHOT 564
TABLE 441 C3 AI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 565
TABLE 442 C3 AI: PRODUCT LAUNCHES AND ENHANCEMENTS 565
TABLE 443 C3 AI: DEALS 566
12.2.20 HUAWEI 567
TABLE 444 HUAWEI: BUSINESS OVERVIEW 567
TABLE 445 HUAWEI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 568
TABLE 446 HUAWEI: PRODUCT LAUNCHES AND ENHANCEMENTS 570
TABLE 447 HUAWEI: DEALS 571
12.2.21 ALIBABA CLOUD 572
TABLE 448 ALIBABA CLOUD: BUSINESS OVERVIEW 572
TABLE 449 ALIBABA CLOUD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 572
TABLE 450 ALIBABA CLOUD: PRODUCT LAUNCHES AND ENHANCEMENTS 574
TABLE 451 ALIBABA CLOUD: DEALS 575
12.2.22 HQE SYSTEMS, INC. 576
TABLE 452 HQE SYSTEMS, INC.: BUSINESS OVERVIEW 576
TABLE 453 HQE SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 577
12.2.23 APPIER 578
TABLE 454 APPIER: BUSINESS OVERVIEW 578
FIGURE 105 APPIER: COMPANY SNAPSHOT 579
TABLE 455 APPIER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 579
TABLE 456 APPIER: PRODUCT LAUNCHES AND ENHANCEMENTS 580
TABLE 457 APPIER: DEALS 581
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
12.3 STARTUP/SME PROFILES 582
12.3.1 ADEPT 582
12.3.2 H2O.AI 583
12.3.3 SPOT AI 584
12.3.4 ANDURIL INDUSTRIES 585
12.3.5 ANTHROPIC 586
12.3.6 COHERE 587
12.3.7 INBENTA 588
12.3.8 CHARACTER.AI 589
12.3.9 DEEPL 590
12.3.10 ATOMWISE 591
12.3.11 INFLECTION AI 591
12.3.12 GLEAN 592
12.3.13 MOVEWORKS 593
12.3.14 ARROW AI 594
12.3.15 OBSERVE AI 595
12.3.16 ANYSCALE 596
12.3.17 FRAME AI 597
12.3.18 AI21 LABS 598
12.3.19 PERSADO 599
12.3.20 UIZARD 600
12.3.21 SYNTHESIA 600
12.3.22 DIALPAD 601
12.3.23 GRAPHCORE 602
12.3.24 SHIELD AI 603
12.3.25 SCALE AI 604
12.3.26 IRIS AUTOMATION 605
12.3.27 GAMAYA 605
12.3.28 ARTHUR AI 606
12.3.29 CAPACITY 606
12.3.30 MYTHIC 607
12.3.31 ADA 607
12.3.32 MOSTLY AI 608
12.3.33 SENTIENT.IO 609
12.3.34 LUMEN5 610
12.3.35 AERA TECHNOLOGY 610
12.3.36 METROPOLIS TECHNOLOGIES 611
12.3.37 CEREBRAS 612
12.3.38 HAILO 613
12.3.39 JASPER 614
12.3.40 SOUNDFUL 614
12.3.41 WRITESONIC 615
12.3.42 ONE AI 615
13 ADJACENT AND RELATED MARKETS 616
13.1 INTRODUCTION 616
13.2 GENERATIVE AI MARKET – GLOBAL FORECAST TO 2030 616
13.2.1 MARKET DEFINITION 616
13.2.2 MARKET OVERVIEW 616
13.2.2.1 Generative AI market, by offering 616
TABLE 458 GENERATIVE AI MARKET, BY OFFERING, 2019–2023 (USD MILLION) 617
TABLE 459 GENERATIVE AI MARKET, BY OFFERING, 2024–2030 (USD MILLION) 617
13.2.2.2 Generative AI market, by data modality 617
TABLE 460 GENERATIVE AI MARKET, BY DATA MODALITY, 2019–2023 (USD MILLION) 617
TABLE 461 GENERATIVE AI MARKET, BY DATA MODALITY, 2024–2030 (USD MILLION) 618
13.2.2.3 Generative AI market, by application 618
TABLE 462 GENERATIVE AI MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 618
TABLE 463 GENERATIVE AI MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 619
13.2.2.4 Generative AI market, by vertical 619
TABLE 464 GENERATIVE AI MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 619
TABLE 465 GENERATIVE AI MARKET, BY VERTICAL, 2024–2030 (USD MILLION) 620
13.2.2.5 Generative AI market, by region 620
TABLE 466 GENERATIVE AI MARKET, BY REGION, 2019–2023 (USD MILLION) 620
TABLE 467 GENERATIVE AI MARKET, BY REGION, 2024–2030 (USD MILLION) 621
13.3 CONVERSATIONAL AI MARKET – GLOBAL FORECAST TO 2030 621
13.3.1 MARKET DEFINITION 621
13.3.2 MARKET OVERVIEW 621
13.3.2.1 Conversational AI market, by offering 621
TABLE 468 CONVERSATIONAL AI MARKET, BY OFFERING, 2019–2023 (USD MILLION) 622
TABLE 469 CONVERSATIONAL AI MARKET, BY OFFERING, 2024–2030 (USD MILLION) 622
13.3.2.2 Conversational AI market, by business function 622
TABLE 470 CONVERSATIONAL AI MARKET, BY BUSINESS FUNCTION, 2019–2023 (USD MILLION) 622
TABLE 471 CONVERSATIONAL AI MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD MILLION) 623
13.3.2.3 Conversational AI market, by conversational agent type 623
TABLE 472 CONVERSATIONAL AI MARKET, BY CONVERSATIONAL AGENT TYPE, 2019–2023 (USD MILLION) 623
TABLE 473 CONVERSATIONAL AI MARKET, BY CONVERSATIONAL AGENT TYPE, 2024–2030 (USD MILLION) 623
13.3.2.4 Conversational AI market, by vertical 624
TABLE 474 CONVERSATIONAL AI MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 624
TABLE 475 CONVERSATIONAL AI MARKET, BY VERTICAL, 2024–2030 (USD MILLION) 624
13.3.2.5 Conversational AI market, by region 625
TABLE 476 CONVERSATIONAL AI MARKET, BY REGION, 2019–2023 (USD MILLION) 625
TABLE 477 CONVERSATIONAL AI MARKET, BY REGION, 2024–2030 (USD MILLION) 625
14 APPENDIX 626
14.1 DISCUSSION GUIDE 626
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 633
14.3 CUSTOMIZATION OPTIONS 635
14.4 RELATED REPORTS 635
14.5 AUTHOR DETAILS 636
