Global Artificial Intelligence Market Analysis 2021
The Global Artificial Intelligence Market is expected to reach $391.75 billion by 2027 growing at a CAGR of 37.7% from 2020 to 2027. Artificial intelligence is defined as the engineering & science of making smart computer systems that can reveal intelligence related to humans (natural intelligence) & perform tasks directly without any human interference. Artificial Intelligence uses software & algorithms to imitate human perception to analyze difficult data as well as the relationship between devices & humans. The application of Artificial intelligence differs from advanced analytics & research to robotics.
Factors such as the need to achieve robotic autonomy to stay competitive in a global market, growth of data-based AI, and advancement in deep learning are driving the growth of the market. However, the limited number of AI experts is restraining the growth of the market.
Based on the type the narrow/weak (AI) segment is going to have a lucrative growth during the forecast period, due to the growing application of narrow AI techniques in devices such as Google Assistant, Siri, Alexa, and Cortana. Furthermore, the narrow AI is extensively used in face recognition tools, customer service bots, self-driving cars, recommendation systems, and spam filters having automated sorting to advance efficiency, cut costs and automate tasks.
The key vendors mentioned are Alphabet Inc, Apple Inc, Baidu Inc, International Business Management Corporation, IPsoft Inc, Microsoft Corporation, MicroStrategy Incorporated, NVIDIA Corporation, Qlik Technologies Inc, Verint Systems Inc (Next IT Corporation), Pixatel, Quantum Adaptive Learning, Nuance Communications and Cognii.
Types Covered:
• Narrow / Weak AI
• General / Strong AI
Components Covered:
• Hardware
• Software
• Services
Systems Covered:
• Artificial Neural Networks
• Digital Assistant System
• Automotive Robotics System
• Embedded System
• Intelligence Systems
• Decision Support Processing
• Hybrid Systems
• Fuzzy Systems
Deployments Covered:
• On-Premises
• Cloud
Organizations Covered:
• Large Enterprises
• Small and Medium-Sized Enterprises (SMEs)
Technologies Covered:
• Robots And Language Processing
• Cognitive Computing
• Computer Vision
• Context-Aware Computing
• Gesture Control
• Image Processing
• Machine Learning
• Natural Language Processing (NlP)
• Speech Recognition
Applications Covered:
• Forecasts & Modelling
• Predictive Maintenance
• Speech Analytics
• Text Analytics
• Virtual Assistants/Chatbots
End Users Covered:
• Advertising & Media
• Aerospace
• Agriculture
• Automotive
• Banking, Financial Services and Insurance (BFSI)
• Building Automation
• Construction
• Consumer
• Energy and Utilities
• Fintech
• Food and Beverage
• Gaming
• Government and Defense
• Healthcare and Life Sciences
• Human Resource
• Law
• Manufacturing
• Marketing and Sales
• Media and Entertainment
• Oil and Gas
• Retail and eCommerce
• Security
• Supply Chain
• Telecommunication and Information Technology
Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Key Questions Answered in this Report:
• How this market evolved since the year 2019
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period
- 1 Market Synopsis
- 2 Research Outline
- 2.1 Research Snapshot
- 2.2 Research Methodology
- 2.3 Research Sources
- 2.3.1 Primary Research Sources
- 2.3.2 Secondary Research Sources
- 3 Market Dynamics
- 3.1 Drivers
- 3.2 Restraints
- 4 Market Environment
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Artificial Intelligence Market, By Type
- 5.1 Introduction
- 5.2 Narrow / Weak AI
- 5.3 General / Strong AI
- 6 Global Artificial Intelligence Market, By Component
- 6.1 Introduction
- 6.2 Hardware
- 6.3 Software
- 6.4 Services
- 7 Global Artificial Intelligence Market, By System
- 7.1 Introduction
- 7.2 Artificial Neural Networks
- 7.3 Digital Assistant System
- 7.4 Automotive Robotics System
- 7.5 Embedded System
- 7.6 Intelligence Systems
- 7.7 Decision Support Processing
- 7.8 Hybrid Systems
- 7.9 Fuzzy Systems
- 8 Global Artificial Intelligence Market, By Deployment
- 8.1 Introduction
- 8.2 On-Premises
- 8.3 Cloud
- 9 Global Artificial Intelligence Market, By Organization Size
- 9.1 Introduction
- 9.2 Large Enterprises
- 9.3 Small and Medium-Sized Enterprises (SMEs)
- 10 Global Artificial Intelligence Market, By Technology
- 10.1 Introduction
- 10.2 Robots And Language Processing
- 10.3 Cognitive Computing
- 10.4 Computer Vision
- 10.5 Context-Aware Computing
- 10.6 Gesture Control
- 10.7 Image Processing
- 10.8 Machine Learning
- 10.9 Natural Language Processing (NlP)
- 10.10 Speech Recognition
- 11 Global Artificial Intelligence Market, By Application
- 11.1 Introduction
- 11.2 Forecasts & Modelling
- 11.3 Predictive Maintenance
- 11.4 Speech Analytics
- 11.5 Text Analytics
- 11.6 Virtual Assistants/Chatbots
- 12 Global Artificial Intelligence Market, By End User
- 12.1 Introduction
- 12.2 Advertising & Media
- 12.3 Aerospace
- 12.4 Agriculture
- 12.5 Automotive
- 12.6 Banking, Financial Services and Insurance (BFSI)
- 12.7 Building Automation
- 12.8 Construction
- 12.9 Consumer
- 12.10 Energy and Utilities
- 12.11 Fintech
- 12.12 Food and Beverage
- 12.13 Gaming
- 12.14 Government and Defense
- 12.15 Healthcare and Life Sciences
- 12.16 Human Resource
- 12.17 Law
- 12.18 Manufacturing
- 12.19 Marketing and Sales
- 12.20 Media and Entertainment
- 12.21 Oil and Gas
- 12.22 Retail and eCommerce
- 12.23 Security
- 12.24 Supply Chain
- 12.25 Telecommunication and Information Technology
- 13 Global Artificial Intelligence Market, By Geography
- 13.1 Introduction
- 13.2 North America
- 13.3 Europe
- 13.4 Asia Pacific
- 13.5 South America
- 13.6 Middle East & Africa
- 14 Strategic Benchmarking
- 15 Vendors Landscape
- 15.1 Alphabet Inc
- 15.2 Apple Inc
- 15.3 Baidu Inc
- 15.4 International Business Management Corporation
- 15.5 IPsoft Inc
- 15.6 Microsoft Corporation
- 15.7 MicroStrategy Incorporated
- 15.8 NVIDIA Corporation
- 15.9 Qlik Technologies Inc
- 15.10 Verint Systems Inc (Next IT Corporation)
- 15.11 Pixatel
- 15.12 Quantum Adaptive Learning
- 15.13 Nuance Communications
- 15.14 Cognii
- List of Data Tables
- Table 1 Global Artificial Intelligence Market Outlook, By Region (2019-2027) ($MN)
- Table 2 Global Artificial Intelligence Market Outlook, By Type (2019-2027) ($MN)
- Table 3 Global Artificial Intelligence Market Outlook, By Narrow / Weak AI (2019-2027) ($MN)
- Table 4 Global Artificial Intelligence Market Outlook, By General / Strong AI (2019-2027) ($MN)
- Table 5 Global Artificial Intelligence Market Outlook, By Component (2019-2027) ($MN)
- Table 6 Global Artificial Intelligence Market Outlook, By Hardware (2019-2027) ($MN)
- Table 7 Global Artificial Intelligence Market Outlook, By Software (2019-2027) ($MN)
- Table 8 Global Artificial Intelligence Market Outlook, By Services (2019-2027) ($MN)
- Table 9 Global Artificial Intelligence Market Outlook, By System (2019-2027) ($MN)
- Table 10 Global Artificial Intelligence Market Outlook, By Artificial Neural Networks (2019-2027) ($MN)
- Table 11 Global Artificial Intelligence Market Outlook, By Digital Assistant System (2019-2027) ($MN)
- Table 12 Global Artificial Intelligence Market Outlook, By Automotive Robotics System (2019-2027) ($MN)
- Table 13 Global Artificial Intelligence Market Outlook, By Embedded System (2019-2027) ($MN)
- Table 14 Global Artificial Intelligence Market Outlook, By Intelligence Systems (2019-2027) ($MN)
- Table 15 Global Artificial Intelligence Market Outlook, By Decision Support Processing (2019-2027) ($MN)
- Table 16 Global Artificial Intelligence Market Outlook, By Hybrid Systems (2019-2027) ($MN)
- Table 17 Global Artificial Intelligence Market Outlook, By Fuzzy Systems (2019-2027) ($MN)
- Table 18 Global Artificial Intelligence Market Outlook, By Deployment (2019-2027) ($MN)
- Table 19 Global Artificial Intelligence Market Outlook, By On-Premises (2019-2027) ($MN)
- Table 20 Global Artificial Intelligence Market Outlook, By Cloud (2019-2027) ($MN)
- Table 21 Global Artificial Intelligence Market Outlook, By Organization Size (2019-2027) ($MN)
- Table 22 Global Artificial Intelligence Market Outlook, By Large Enterprises (2019-2027) ($MN)
- Table 23 Global Artificial Intelligence Market Outlook, By Small and Medium-Sized Enterprises (SMEs) (2019-2027) ($MN)
- Table 24 Global Artificial Intelligence Market Outlook, By Technology (2019-2027) ($MN)
- Table 25 Global Artificial Intelligence Market Outlook, By Robots And Language Processing (2019-2027) ($MN)
- Table 26 Global Artificial Intelligence Market Outlook, By Cognitive Computing (2019-2027) ($MN)
- Table 27 Global Artificial Intelligence Market Outlook, By Computer Vision (2019-2027) ($MN)
- Table 28 Global Artificial Intelligence Market Outlook, By Context-Aware Computing (2019-2027) ($MN)
- Table 29 Global Artificial Intelligence Market Outlook, By Gesture Control (2019-2027) ($MN)
- Table 30 Global Artificial Intelligence Market Outlook, By Image Processing (2019-2027) ($MN)
- Table 31 Global Artificial Intelligence Market Outlook, By Machine Learning (2019-2027) ($MN)
- Table 32 Global Artificial Intelligence Market Outlook, By Natural Language Processing (NlP) (2019-2027) ($MN)
- Table 33 Global Artificial Intelligence Market Outlook, By Speech Recognition (2019-2027) ($MN)
- Table 34 Global Artificial Intelligence Market Outlook, By Application (2019-2027) ($MN)
- Table 35 Global Artificial Intelligence Market Outlook, By Forecasts & Modelling (2019-2027) ($MN)
- Table 36 Global Artificial Intelligence Market Outlook, By Predictive Maintenance (2019-2027) ($MN)
- Table 37 Global Artificial Intelligence Market Outlook, By Speech Analytics (2019-2027) ($MN)
- Table 38 Global Artificial Intelligence Market Outlook, By Text Analytics (2019-2027) ($MN)
- Table 39 Global Artificial Intelligence Market Outlook, By Virtual Assistants/Chatbots (2019-2027) ($MN)
- Table 40 Global Artificial Intelligence Market Outlook, By End User (2019-2027) ($MN)
- Table 41 Global Artificial Intelligence Market Outlook, By Advertising & Media (2019-2027) ($MN)
- Table 42 Global Artificial Intelligence Market Outlook, By Aerospace (2019-2027) ($MN)
- Table 43 Global Artificial Intelligence Market Outlook, By Agriculture (2019-2027) ($MN)
- Table 44 Global Artificial Intelligence Market Outlook, By Automotive (2019-2027) ($MN)
- Table 45 Global Artificial Intelligence Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2019-2027) ($MN)
- Table 46 Global Artificial Intelligence Market Outlook, By Building Automation (2019-2027) ($MN)
- Table 47 Global Artificial Intelligence Market Outlook, By Construction (2019-2027) ($MN)
- Table 48 Global Artificial Intelligence Market Outlook, By Consumer (2019-2027) ($MN)
- Table 49 Global Artificial Intelligence Market Outlook, By Energy and Utilities (2019-2027) ($MN)
- Table 50 Global Artificial Intelligence Market Outlook, By Fintech (2019-2027) ($MN)
- Table 51 Global Artificial Intelligence Market Outlook, By Food and Beverage (2019-2027) ($MN)
- Table 52 Global Artificial Intelligence Market Outlook, By Gaming (2019-2027) ($MN)
- Table 53 Global Artificial Intelligence Market Outlook, By Government and Defense (2019-2027) ($MN)
- Table 54 Global Artificial Intelligence Market Outlook, By Healthcare and Life Sciences (2019-2027) ($MN)
- Table 55 Global Artificial Intelligence Market Outlook, By Human Resource (2019-2027) ($MN)
- Table 56 Global Artificial Intelligence Market Outlook, By Law (2019-2027) ($MN)
- Table 57 Global Artificial Intelligence Market Outlook, By Manufacturing (2019-2027) ($MN)
- Table 58 Global Artificial Intelligence Market Outlook, By Marketing and Sales (2019-2027) ($MN)
- Table 59 Global Artificial Intelligence Market Outlook, By Media and Entertainment (2019-2027) ($MN)
- Table 60 Global Artificial Intelligence Market Outlook, By Oil and Gas (2019-2027) ($MN)
- Table 61 Global Artificial Intelligence Market Outlook, By Retail and eCommerce (2019-2027) ($MN)
- Table 62 Global Artificial Intelligence Market Outlook, By Security (2019-2027) ($MN)
- Table 63 Global Artificial Intelligence Market Outlook, By Supply Chain (2019-2027) ($MN)
- Table 64 Global Artificial Intelligence Market Outlook, By Telecommunication and Information Technology (2019-2027) ($MN)
- Table 65 North America Artificial Intelligence Market Outlook, By Type (2019-2027) ($MN)
- Table 66 North America Artificial Intelligence Market Outlook, By Component (2019-2027) ($MN)
- Table 67 North America Artificial Intelligence Market Outlook, By System (2019-2027) ($MN)
- Table 68 North America Artificial Intelligence Market Outlook, By Deployment (2019-2027) ($MN)
- Table 69 North America Artificial Intelligence Market Outlook, By Organization Size (2019-2027) ($MN)
- Table 70 North America Artificial Intelligence Market Outlook, By Technology (2019-2027) ($MN)
- Table 71 North America Artificial Intelligence Market Outlook, By Application (2019-2027) ($MN)
- Table 72 North America Artificial Intelligence Market Outlook, By End User (2019-2027) ($MN)
- Table 73 Europe Artificial Intelligence Market Outlook, By Type (2019-2027) ($MN)
- Table 74 Europe Artificial Intelligence Market Outlook, By Component (2019-2027) ($MN)
- Table 75 Europe Artificial Intelligence Market Outlook, By System (2019-2027) ($MN)
- Table 76 Europe Artificial Intelligence Market Outlook, By Deployment (2019-2027) ($MN)
- Table 77 Europe Artificial Intelligence Market Outlook, By Organization Size (2019-2027) ($MN)
- Table 78 Europe Artificial Intelligence Market Outlook, By Technology (2019-2027) ($MN)
- Table 79 Europe Artificial Intelligence Market Outlook, By Application (2019-2027) ($MN)
- Table 80 Europe Artificial Intelligence Market Outlook, By End User (2019-2027) ($MN)
- Table 81 Asia Pacific Artificial Intelligence Market Outlook, By Type (2019-2027) ($MN)
- Table 82 Asia Pacific Artificial Intelligence Market Outlook, By Component (2019-2027) ($MN)
- Table 83 Asia Pacific Artificial Intelligence Market Outlook, By System (2019-2027) ($MN)
- Table 84 Asia Pacific Artificial Intelligence Market Outlook, By Deployment (2019-2027) ($MN)
- Table 85 Asia Pacific Artificial Intelligence Market Outlook, By Organization Size (2019-2027) ($MN)
- Table 86 Asia Pacific Artificial Intelligence Market Outlook, By Technology (2019-2027) ($MN)
- Table 87 Asia Pacific Artificial Intelligence Market Outlook, By Application (2019-2027) ($MN)
- Table 88 Asia Pacific Artificial Intelligence Market Outlook, By End User (2019-2027) ($MN)
- Table 89 South America Artificial Intelligence Market Outlook, By Type (2019-2027) ($MN)
- Table 90 South America Artificial Intelligence Market Outlook, By Component (2019-2027) ($MN)
- Table 91 South America Artificial Intelligence Market Outlook, By System (2019-2027) ($MN)
- Table 92 South America Artificial Intelligence Market Outlook, By Deployment (2019-2027) ($MN)
- Table 93 South America Artificial Intelligence Market Outlook, By Organization Size (2019-2027) ($MN)
- Table 94 South America Artificial Intelligence Market Outlook, By Technology (2019-2027) ($MN)
- Table 95 South America Artificial Intelligence Market Outlook, By Application (2019-2027) ($MN)
- Table 96 South America Artificial Intelligence Market Outlook, By End User (2019-2027) ($MN)
- Table 97 Middle East & Africa Artificial Intelligence Market Outlook, By Type (2019-2027) ($MN)
- Table 98 Middle East & Africa Artificial Intelligence Market Outlook, By Component (2019-2027) ($MN)
- Table 99 Middle East & Africa Artificial Intelligence Market Outlook, By System (2019-2027) ($MN)
- Table 100 Middle East & Africa Artificial Intelligence Market Outlook, By Deployment (2019-2027) ($MN)
- Table 101 Middle East & Africa Artificial Intelligence Market Outlook, By Organization Size (2019-2027) ($MN)
- Table 102 Middle East & Africa Artificial Intelligence Market Outlook, By Technology (2019-2027) ($MN)
- Table 103 Middle East & Africa Artificial Intelligence Market Outlook, By Application (2019-2027) ($MN)
- Table 104 Middle East & Africa Artificial Intelligence Market Outlook, By End User (2019-2027) ($MN)