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The Global Artificial Intelligence Market is projected to grow at a CAGR of 35.7% from USD 148.9 billion in 2023 to USD 1289.3 billion in 2030 during the forecast period from 2025 to 2030.

In the recent times, digital mapping, analyzing and controlling of the analog world is done by the digital data. Growth in the volume of data generated worldwide is the trend which is driving the growth and development of AI. Machines generate majority of data by themselves. The growth of this market is driven by the increasing data availability, technology breakthroughs and increased awareness of its potential. Collection and analyzing of big data is possible only due to the advancements in computing power and the availability of large databases, leading to the application of AI in various fields such as medicines and other segments.  However, decision-making by AI technology can perpetuate bias if the data contains prejudices. AI reinforce existing social inequalities by initiating discriminatory results in hiring, lending and criminal justice. This could happen as AI tools work on predefined data.

Browse 75 market data Tables and 45 Figures spread through 187 Pages and in-depth TOC on "Artificial Intelligence Market by Offering (Software, Hardware and Services), by Technology (Context Awareness, NLP, Computer Vision and Deep Learning), by Business Function (Finance, Human Resources, Marketing and Sales, Advertising and Media, Security, Law, Operations and Supply Chain Management), by Vertical (BFSI, Retail and E-commerce, Healthcare and Life Sciences, Government and Defense, Telecom, Automotive, Transportation & Logistics, Agriculture, IT/ITeS, Energy & Utilities, Media & Entertainment, Others) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) - Global Forecast to 2030

Global Artificial Intelligence Market Segmentation and Key Players

By type, services dominate the global artificial intelligence market.

Based on type, the Artificial Intelligence Market is classified into software, hardware and services. Services sector dominate the artificial intelligence market as it is approved to the convenience and scalability offered by artificial intelligence (AI) as a service while deploying AI applications. Transparency in decision making and shortage of skilled talent are also restraining the artificial intelligence market.

“North America is expected to register the fastest CAGR during the forecast period, i.e., 2025-2030 in the artificial intelligence market.”

North America dominates the Artificial Intelligence Market due to its favorable ecosystem where AI research and development is carried out, collaborating with the academia, government and industry.  

The implementation of various growth strategies like mergers & acquisition, new product launches, business expansions, joint ventures, agreements and product up-gradation by artificial intelligence providers to strengthen their presence in the market. Some of the major players in this market include Google, Microsoft, Intel, Capgemini, AWS, IBM, Cisco, SAP, Meta, HPE, Salesforce, Siemens, Baidu, Progress, GumGum, Preferred Networks, SAS Institute, OpenAI, General Vision, Huawei, Darktrace, Blackberry Limited, Twitter, Neurala, , Gamaya, Pilot AI, Aurea Software, AgEagle Aerial Services, Alibaba Cloud, IPRO, Mythic, Writesonic, Jasper, Intrinsic, ec2ce, Applied Brain Research.

Recent developments by Key Players

A new AI-focused business unit has been created by SAP. With the launch of the new end to end growth area SAP is restructuring its artificial intelligence activities. From product development and research to client implementation, the AI-focused business unit shall oversee the entire value chain for SAP Business AI. Customers shall be benefitted from business solutions and services.

Capgemini, has initiated, Generative AI Lab in which topography of AI technologies is been navigated. The Lab is like a compass for the companies which shall set the coordinates for AI implementation and management. Further the lab shall understand the developments in AI. The lab operation shall be partly analytical and partly operational providing a clear-eyed assessment of the AI landscape, testing and integrating new technologies.

Global Aircraft Engine Market Coverage (By Value)

• Offering Insight and Forecast 2025-2030
  • Software
  • Hardware
  • Services
• Technology Insight and Forecast 2025-2030
  • Deep Learning
  • NLP
  • Context Awareness
  • Computer Vision
• Business Function Insight and Forecast 2025-2030
  • Finance
  • Human Resources
  • Marketing and Sales
  • Security
  • Law
  • Operations
  • Supply Chain Management
• Vertical Insight and Forecast 2025-2030
  • BFSI
  • Retail and Ecommerce
  • Healthcare and Life Sciences
  • Government and Defense
  • Telecom
  • Automotive, Transportation & Logistics
  • Agriculture
  • IT/ITeS
  • Energy & Utilities
  • Media & Entertainment
  • Others

Geographical Segmentation

Global Artificial Intelligence Market by Region

• North America

  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • Turkey
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA