Professional services in AI Market by AI Domain (Machine Learning & Deep Learning, Machine Vision & Hearing, Natural Language Processing (NLP)), Application (Chatbots, Cyber Security, Human Resource Management), Organization Size, Vertical - Global Foreca

Professional services in AI Market by AI Domain (Machine Learning & Deep Learning, Machine Vision & Hearing, Natural Language Processing (NLP)), Application (Chatbots, Cyber Security, Human Resource Management), Organization Size, Vertical - Global Forecast 2024-2030

The Professional services in AI Market size was estimated at USD 7.16 billion in 2023 and expected to reach USD 8.63 billion in 2024, at a CAGR 22.21% to reach USD 29.18 billion by 2030.

Global Professional services in AI MarketProfessional services in AI is a specialized service offered by experts and firms with extensive knowledge and experience in artificial intelligence. These services aim to assist businesses, organizations, and individuals leverage AI technologies to achieve their objectives and address specific challenges. The growing need for customized AI solutions, the rapid transformation of digitalization, and increased demand for improved efficiency and enhanced decision-making fuel the market growth. However, the lack of skilled professionals and AI's complexity and rapid evolution has hindered market growth. Furthermore, the increasing advancment and funding in AI technology and the rapid expansion of end-use industries has offered a significant growth opportunity for the market.Regional InsightsThe Americas region has a thriving landscape of professional services in AI, with numerous companies and organizations offering AI expertise and solutions. The region is home to major tech hubs, including Silicon Valley in the United States and prominent AI research institutions. The Americas region boasts renowned research institutions and universities contributing significantly to AI advancements. Institutions such as Stanford University, Massachusetts Institute of Technology, and the University of California, have active AI research programs and collaborations with industry partners, driving the demand for professional services in the AI market. The EMEA region has a rapidly growing landscape of professional services in AI with an increased focus on digitalization and a flourishing startup ecosystem. Companies in the EMEA region provide industry-specific AI solutions and consulting services to sectors such as finance, healthcare, manufacturing, transportation, energy, and retail. These solutions range from customer analytics and personalized marketing to predictive maintenance, fraud detection, and autonomous systems. Governments and research institutions in the EMEA region collaborate with companies to foster AI innovation, develop AI strategies, and promote AI adoption, boosting the demand for professional services in the AI market. The APAC region has a dynamic and rapidly evolving landscape of professional services in AI, with governments across the APAC region launching new initiatives and policies to promote AI development and adoption. For instance, China's New Generation Artificial Intelligence Development Plan aims to place the country as an AI leader, while Singapore has launched the AI Singapore initiative to drive AI innovation and adoption. The APAC landscape of professional services in AI reflects the region's rapid technological growth, entrepreneurial spirit, and commitment to AI innovation. The presence of established research institutions, dynamic startup ecosystems, industry-specific solutions, and government support contribute to the market growth.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Professional services in AI Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Professional services in AI Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Professional services in AI Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, AI Professional Services Limited, Booz Allen Hamilton Inc., Cerence Inc., Cognizant Technology Solutions Corporation, Columbus, Databricks, Inc., Deloitte, Diveplane Corporation, Ernst & Young Global Limited, EXPERT.AI, Hewlett Packard Enterprise Development LP, IDC CEMA s.r.o., Infosys Limited, International Business Machines Corporation, KPMG International Limited, Kyndryl Inc., Lately, Inc., LivePerson, Inc., McKinsey & Company, Microsoft Corporation, NGS Global, LLC, NVIDIA Corporation, Open Text Corporation, People.ai Inc., ReadWrite, INC., SAP SE, ServiceNow, Inc., Tech Mahindra Limited, Velosio, LLC, Wipro Limited, and XFO Financials Inc. dba. Vic.ai.

Market Segmentation & Coverage

This research report categorizes the Professional services in AI Market to forecast the revenues and analyze trends in each of the following sub-markets:

AI Domain
Machine Learning & Deep Learning
Machine Vision & Hearing
Natural Language Processing (NLP)
Robotics & Expert Systems
Application
Chatbots
Cyber Security
Human Resource Management
Intelligent CRM
Project & Resource Planning
Real Time & Predictive Business Intelligence
Sales & Marketing Analytics
Organization Size
Large Enterprises
Small & Medium-Sized Enterprises
Vertical
Banking, Financial Services & Insurance
Energy & Utilities
Government
Healthcare & Life Sciences
IT & Telecommunication
Manufacturing
Retail & Consumer Goods
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Professional services in AI Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Professional services in AI Market?
3. What are the technology trends and regulatory frameworks in the Professional services in AI Market?
4. What is the market share of the leading vendors in the Professional services in AI Market?
5. Which modes and strategic moves are suitable for entering the Professional services in AI Market?

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