Global Artificial Intelligence (AI) Platform Market to Reach $120.7 Billion by 2030
The global market for Artificial Intelligence (AI) Platform estimated at US$21.9 Billion in the year 2023, is expected to reach US$120.7 Billion by 2030, growing at a CAGR of 27.6% over the period 2023-2030. Cloud Deployment, one of the segments analyzed in the report, is expected to record 28.9% CAGR and reach US$84 Billion by the end of the analysis period. Growth in the On-Premise Deployment segment is estimated at 24.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.1 Billion, While China is Forecast to Grow at 26.5% CAGR
The Artificial Intelligence (AI) Platform market in the U.S. is estimated at US$7.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$20 Billion by the year 2030 trailing a CAGR of 26.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.4% and 23.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 19.1% CAGR.
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