Report cover image

Europe Multimodal Al Market Size, Share & Industry Trends Analysis Report By Offering, By Type (Generative, Translative, Interactive, and Explanatory), By Technology, By Data Modality, By Vertical, By Country and Growth Forecast, 2023 - 2030

Publisher Knowledge Based Value (KBV) Research
Published Dec 15, 2023
Length 111 Pages
SKU # KBV18389083

Description

Europe Multimodal Al Market Size, Share & Industry Trends Analysis Report By Offering, By Type (Generative, Translative, Interactive, and Explanatory), By Technology, By Data Modality, By Vertical, By Country and Growth Forecast, 2023 - 2030


The Europe Multimodal Al Market would witness market growth of 31.8% CAGR during the forecast period (2023-2030).

The availability of powerful computing resources, including GPUs (Graphics Processing Units) and TPUs (Tensor Processing Units), has accelerated the training and deployment of multimodal AI models. This enhanced computational power enables the handling large-scale multimodal datasets and the development of more complex neural network architectures. Multimodal AI, in conjunction with IoT, can harness data from many sources, creating intelligent systems capable of making context-aware decisions in real-time.

Cross-modal learning involves training AI models on one modality and transferring the acquired knowledge to another. This approach facilitates more efficient learning, especially when labeled data for one modality is scarce. For instance, a model trained on labeled image data can transfer its learned features to improve performance on a related text-based task. The interpretability of AI models is a growing concern, especially in critical applications such as healthcare and finance. Integrating explainable AI techniques with multimodal systems helps understand the decision-making process, enhance transparency, and build trust in the technology.

The International Trade Administration ranks Germany as a European country with a comparatively sizable e-commerce industry. Internet penetration, the quantity of e-commerce consumers, and the average annual expenditure all exceed the European average. The total value of sales in 2021 was USD 127.5 billion, representing an increase of 24 percent compared to the previous year, 2020. By 2025, Germany is projected to have 68.4 million Internet users, up from 62.4 million in 2020. The level of e-commerce penetration within the German industry peaked at 77% in 2021. In the e-commerce industry, ensuring the quality of products is crucial. Multimodal AI can be used for quality control and product inspection, helping identify defects or inconsistencies in images of products before they are shipped to customers. The factors mentioned above will propel the market growth in this region.

The Germany market dominated the Europe Multimodal AI Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $549.1 million by 2030. The UK market is showcasing a CAGR of 30.7% during (2023 - 2030). Additionally, The France market would obtain a CAGR of 32.8% during (2023 - 2030).

Based on Offering, the market is segmented into Solution, and Services. Based on Solution Deployment Type, the market is segmented into Cloud, and On-premise. Based on Solution Type, the market is segmented into Platform, Software, and Framework. Based on Type, the market is segmented into Generative, Translative, Interactive, and Explanatory. Based on Technology, the market is segmented into Natural Language Processing, Machine Learning, Computer Vision, Context Awareness, and Internet of Things. Based on Data Modality, the market is segmented into Image Data, Video Data, Text Data, Speech & Voice Data, and Audio Data. Based on Vertical, the market is segmented into BFSI, Government & Public Sector, Automotive, Transportation & Logistics, Healthcare & Lifesciences, Media & Entertainment, Manufacturing, Retail & eCommerce, Telecommunications, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC (Alphabet, Inc.), Microsoft Corporation, OpenAI, L.L.C., Meta Platforms, Inc. (Meta), Amazon Web Services, Inc. (Amazon.com, Inc.), IBM Corporation, Twelve Labs Inc., Aimesoft Inc., Jina AI GmbH, and Uniphore Technologies Inc.

Scope of the Study

Market Segments covered in the Report:

By Offering
  • Solution
  • Solution Deployment Type
  • Cloud
  • On-premise
  • Solution Type
  • Platform
  • Software
  • Framework
  • Services
By Type
  • Generative
  • Translative
  • Interactive
  • Explanatory
By Technology
  • Natural Language Processing
  • Machine Learning
  • Computer Vision
  • Context Awareness
  • Internet of Things
By Data Modality
  • Image Data
  • Video Data
  • Text Data
  • Speech & Voice Data
  • Audio Data
By Vertical
  • BFSI
  • Government & Public Sector
  • Automotive, Transportation & Logistics
  • Healthcare & Lifesciences
  • Media & Entertainment
  • Manufacturing
  • Retail & eCommerce
  • Telecommunications
  • Others
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • Google LLC (Alphabet, Inc.)
  • Microsoft Corporation
  • OpenAI, L.L.C.
  • Meta Platforms, Inc. (Meta)
  • Amazon Web Services, Inc. (Amazon.com, Inc.)
  • IBM Corporation
  • Twelve Labs Inc.
  • Aimesoft Inc.
  • Jina AI GmbH
  • Uniphore Technologies Inc.
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

111 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Multimodal AI Market, by Offering
1.4.2 Europe Multimodal AI Market, by Type
1.4.3 Europe Multimodal AI Market, by Technology
1.4.4 Europe Multimodal AI Market, by Data Modality
1.4.5 Europe Multimodal AI Market, by Vertical
1.4.6 Europe Multimodal AI Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansion
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2021, Jun – 2023, Dec) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. Europe Multimodal AI Market by Offering
5.1 Europe Solution Market by Country
5.2 Europe Multimodal AI Market by Solution Deployment Type
5.2.1 Europe Cloud Market by Country
5.2.2 Europe On-premise Market by Country
5.3 Europe Multimodal AI Market by Solution Type
5.3.1 Europe Platform Market by Country
5.3.2 Europe Software Market by Country
5.3.3 Europe Framework Market by Country
5.4 Europe Services Market by Country
Chapter 6. Europe Multimodal AI Market by Type
6.1 Europe Generative Market by Country
6.2 Europe Translative Market by Country
6.3 Europe Interactive Market by Country
6.4 Europe Explanatory Market by Country
Chapter 7. Europe Multimodal AI Market by Technology
7.1 Europe Natural Language Processing Market by Country
7.2 Europe Machine Learning Market by Country
7.3 Europe Computer Vision Market by Country
7.4 Europe Context Awareness Market by Country
7.5 Europe Internet of Things Market by Country
Chapter 8. Europe Multimodal AI Market by Data Modality
8.1 Europe Image Data Market by Country
8.2 Europe Video Data Market by Country
8.3 Europe Text Data Market by Country
8.4 Europe Speech & Voice Data Market by Country
8.5 Europe Audio Data Market by Country
Chapter 9. Europe Multimodal AI Market by Vertical
9.1 Europe BFSI Market by Country
9.2 Europe Government & Public Sector Market by Country
9.3 Europe Automotive, Transportation & Logistics Market by Country
9.4 Europe Healthcare & Lifesciences Market by Country
9.5 Europe Media & Entertainment Market by Country
9.6 Europe Manufacturing Market by Country
9.7 Europe Retail & eCommerce Market by Country
9.8 Europe Telecommunications Market by Country
9.9 Europe Others Market by Country
Chapter 10. Europe Multimodal AI Market by Country
10.1 Germany Multimodal AI Market
10.1.1 Germany Multimodal AI Market by Offering
10.1.1.1 Germany Multimodal AI Market by Solution Deployment Type
10.1.1.2 Germany Multimodal AI Market by Solution Type
10.1.2 Germany Multimodal AI Market by Type
10.1.3 Germany Multimodal AI Market by Technology
10.1.4 Germany Multimodal AI Market by Data Modality
10.1.5 Germany Multimodal AI Market by Vertical
10.2 UK Multimodal AI Market
10.2.1 UK Multimodal AI Market by Offering
10.2.1.1 UK Multimodal AI Market by Solution Deployment Type
10.2.1.2 UK Multimodal AI Market by Solution Type
10.2.2 UK Multimodal AI Market by Type
10.2.3 UK Multimodal AI Market by Technology
10.2.4 UK Multimodal AI Market by Data Modality
10.2.5 UK Multimodal AI Market by Vertical
10.3 France Multimodal AI Market
10.3.1 France Multimodal AI Market by Offering
10.3.1.1 France Multimodal AI Market by Solution Deployment Type
10.3.1.2 France Multimodal AI Market by Solution Type
10.3.2 France Multimodal AI Market by Type
10.3.3 France Multimodal AI Market by Technology
10.3.4 France Multimodal AI Market by Data Modality
10.3.5 France Multimodal AI Market by Vertical
10.4 Russia Multimodal AI Market
10.4.1 Russia Multimodal AI Market by Offering
10.4.1.1 Russia Multimodal AI Market by Solution Deployment Type
10.4.1.2 Russia Multimodal AI Market by Solution Type
10.4.2 Russia Multimodal AI Market by Type
10.4.3 Russia Multimodal AI Market by Technology
10.4.4 Russia Multimodal AI Market by Data Modality
10.4.5 Russia Multimodal AI Market by Vertical
10.5 Spain Multimodal AI Market
10.5.1 Spain Multimodal AI Market by Offering
10.5.1.1 Spain Multimodal AI Market by Solution Deployment Type
10.5.1.2 Spain Multimodal AI Market by Solution Type
10.5.2 Spain Multimodal AI Market by Type
10.5.3 Spain Multimodal AI Market by Technology
10.5.4 Spain Multimodal AI Market by Data Modality
10.5.5 Spain Multimodal AI Market by Vertical
10.6 Italy Multimodal AI Market
10.6.1 Italy Multimodal AI Market by Offering
10.6.1.1 Italy Multimodal AI Market by Solution Deployment Type
10.6.1.2 Italy Multimodal AI Market by Solution Type
10.6.2 Italy Multimodal AI Market by Type
10.6.3 Italy Multimodal AI Market by Technology
10.6.4 Italy Multimodal AI Market by Data Modality
10.6.5 Italy Multimodal AI Market by Vertical
10.7 Rest of Europe Multimodal AI Market
10.7.1 Rest of Europe Multimodal AI Market by Offering
10.7.1.1 Rest of Europe Multimodal AI Market by Solution Deployment Type
10.7.1.2 Rest of Europe Multimodal AI Market by Solution Type
10.7.2 Rest of Europe Multimodal AI Market by Type
10.7.3 Rest of Europe Multimodal AI Market by Technology
10.7.4 Rest of Europe Multimodal AI Market by Data Modality
10.7.5 Rest of Europe Multimodal AI Market by Vertical
Chapter 11. Company Profiles
11.1 Twelve Labs Inc.
11.1.1 Company Overview
11.2 Aimesoft
11.2.1 Company Overview
11.2.2 Recent strategies and developments:
11.2.2.1 Product Launches and Product Expansions:
11.2.2.2 Geographical Expansions:
11.3 Jina AI GmbH
11.3.1 Company Overview
11.4 Uniphore Technologies Inc.
11.4.1 Company Overview
11.4.2 Recent strategies and developments:
11.4.2.1 Partnerships, Collaborations, and Agreements:
11.4.2.2 Acquisition and Mergers:
11.5 Google LLC (Alphabet Inc.)
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.5.2 Product Launches and Product Expansions:
11.5.6 SWOT Analysis
11.6 Microsoft Corporation
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Research & Development Expenses
11.6.5 Recent strategies and developments:
11.6.5.1 Partnerships, Collaborations, and Agreements:
11.6.5.2 Product Launches and Product Expansions:
11.6.6 SWOT Analysis
11.7 OpenAI, L.L.C.
11.7.1 Company Overview
11.7.2 Recent strategies and developments:
11.7.2.1 Partnerships, Collaborations, and Agreements:
11.7.3 SWOT Analysis
11.8 Meta Platforms, Inc. (Meta)
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Segment and Regional Analysis
11.8.4 Research & Development Expense
11.8.5 Recent strategies and developments:
11.8.5.1 Partnerships, Collaborations, and Agreements:
11.8.5.2 Product Launches and Product Expansions:
11.8.6 SWOT Analysis
11.9 Amazon Web Services, Inc. (Amazon.com, Inc.)
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental Analysis
11.9.4 Recent strategies and developments:
11.9.4.1 Partnerships, Collaborations, and Agreements:
11.9.4.2 Product Launches and Product Expansions:
11.9.5 SWOT Analysis
11.10. IBM Corporation
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Regional & Segmental Analysis
11.10.4 Research & Development Expenses
11.10.5 Recent strategies and developments:
11.10.5.1 Partnerships, Collaborations, and Agreements:
11.10.5.2 Product Launches and Product Expansions:
11.10.6 SWOT Analysis

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us