Global Artificial Intelligence
SummaryGlobal Artificial Intelligence industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Artificial Intelligence (AI) is the technology that enables machines or computers to perform tasks that usually require human intelligence, such as learning, problem-solving, understanding language, making decisions., etc. The market is segmented into hardware/resource, service, and software/application. The market value represents the revenue earned by market players in a specific year.
- The global artificial intelligence market had total revenues of $97.2 billion in 2023, representing a compound annual growth rate (CAGR) of 17.5% between 2018 and 2023.
- The software/application segment accounted for the market's largest proportion in 2023, with total revenues of $45.5 billion, equivalent to 46.8% of the market's overall value.
- The global artificial intelligence market saw robust growth in 2023, driven by advancements in AI technologies, including generative AI, and machine learning. AI adoption surged across sectors, aided by cloud computing and automation, which improved accessibility for SMEs. According to the Artificial Intelligence Index Report 2024, 61 major AI models were developed by US-based institutions, outpacing the European Union's 21 and China's 15?.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the artificial intelligence market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global artificial intelligence market
- Leading company profiles reveal details of key artificial intelligence market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Global artificial intelligence market with five year forecasts
Reasons To Buy
- What was the size of the Global artificial intelligence market by value in 2023?
- What will be the size of the Global artificial intelligence market in 2028?
- What factors are affecting the strength of competition in the Global artificial intelligence market?
- How has the market performed over the last five years?
- What are the main segments that make up the global's artificial intelligence market?
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