Global Artificial Intelligence (AI) Market Industry Share, Business Size, Growth Factors and Forecast To, 2027

Global Artificial Intelligence (AI) Market was estimated to be USD 50.13 Bn. in 2020, and is expected to reach USD 233.50 Bn. by 2027, registering a CAGR of 26.1%, during the period of 2021-2027.

Artificial Intelligence (AI) Market Overview:

For the global industry's Artificial Intelligence (AI) market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to enhance the existing data, segment the market, estimate overall market size, predict the market size, and growth rate.

The worldwide Artificial Intelligence (AI) market's growth reasons, as well as the market's many users, are discussed. Data is provided by market participants, regions, and specific requirements. This market-ready study proposal includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis should be presented in the form of statistics, infographics, and presentations.

Market Scope:

Our crew gathers market information and data from a variety of sources in order to present a more accurate regional view. The country-level analysis of the study is based on an examination of numerous regional stakeholders, regional tax laws and policies, consumer behaviour, and macroeconomic data.

The competitive landscape for the Artificial Intelligence (AI) market gives information by a competitor. Corporate overview, financials, revenue produced, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application domination are all contained in the details. The data points shown above are only linked to the firms' concentration on the window sensors industry.

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Drivers:

The market for artificial intelligence will be driven during the projected period by the expansion of predictive analytics products that utilise AI-based machine learning technology. Predictive modelling is being used by various end-user businesses all over the world to plan and grow in their specialised industries. One of the major markets for predictive analytics products has been the insurance sector.

The solutions open up several possibilities for enhancing crucial elements like services and happiness. For instance, the Guardian Life insurance Startup of America (Guardian Life) established a partnership with the AI and predictive analytics company at Atidot in March 2021. The relationship is focused on developing a platform that uses AI and ML to support data-driven decision-making, helping to increase customer access to insurance products and services.

Segmentation:

Global Artificial Intelligence (AI) Market, by End User

• BFSI
• Fashion and Retail
• Healthcare and Lifesciences
• Manufacturing
• Automotive
• Aerospace and Defense
• Construction
• Food and Beverage
• Others

Global Artificial Intelligence (AI) Market, by Component

• Hardware
• Software and Services

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Key Players: The key players are

• IBM Corporation
• Intel Corporation
• Microsoft Corporation
• Google LLC
• Amazon Web Services Inc.
• Oracle Corporation
• Salesforce.com Inc.
• SAP SE
• SAS Institute Inc.
• Cisco Systems Inc.
• Siemens SE
• NVIDIA Corporation
• Zebra Medical Vision Inc.

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Regional Analysis:

A country-level study of the Artificial Intelligence (AI) Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Artificial Intelligence (AI) Market study.

COVID-19 Impact Analysis on Artificial Intelligence (AI) Market: The report covers COVID-19 impact on Artificial Intelligence (AI) market.

Key Questions Answered in the Artificial Intelligence (AI) Market Report are:

• What will be the CAGR of the Artificial Intelligence (AI) market during the forecast period?
• Which segment emerged as the leading segment in the Artificial Intelligence (AI) market?
• Which are the prominent players in the Artificial Intelligence (AI) market?
• What will be the Artificial Intelligence (AI) market size by 2027?
• Which company held the largest share in the Artificial Intelligence (AI) market?

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