What is the current Artificial Intelligence Market size?

The Artificial Intelligence Market is projected to register a CAGR of 31.22% during the forecast period (2024-2029) Read More

Who are the key players in Artificial Intelligence Market?

IBM Corporation, Intel Corporation, Microsoft Corporation, Google LLC. (Alphabet Inc.) and Amazon Web Services Inc. (amazon.com Inc.) are the major companies operating in the Artificial Intelligence Market. Read More

Which is the fastest growing region in Artificial Intelligence Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Artificial Intelligence Market?

In 2024, the North America accounts for the largest market share in Artificial Intelligence Market. Read More

What years does this Artificial Intelligence Market cover?

The report covers the Artificial Intelligence Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Artificial Intelligence Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key sectors driving the Artificial Intelligence (AI) growth?

Key industries driving the Artificial Intelligence (AI) market growth are healthcare, automotive, finance, and retail, where AI is used for automation, data analysis, and customer service enhancements. Read More

Artificial Intelligence Market Analysis | Industry Forecast, Size & Trends Report

Artificial Intelligence (AI) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Artificial Intelligence Industry Report, Overview, and the Market is Segmented by Components (Hardware and Software and Services), by End-User Industry (BFSI, Fashion and Retail, Healthcare and Life Sciences, Manufacturing, Automotive, Aerospace and Defense, Construction, and Other End Users), by Geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific), Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value in USD Billion for all the Above Segments.

Artificial Intelligence Industry Overview

The artificial intelligence market is highly fragmented, with the presence of major players like IBM Corporation, Intel Corporation, Microsoft Corporation, Google LLC (Alphabet Inc.), and Amazon Web Services Inc. Players in the market are adopting strategies such as partnerships, innovations, mergers, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

March 2024 - IBM has announced an expansion of its technical expert laboratory capacity in India, emphasizing its commitment to bolstering businesses in a fiercely competitive landscape. The focus is on enabling clients to harness the full potential of artificial intelligence, hybrid cloud, and cybersecurity technologies.
January 2024 - Oracle unveiled the widespread availability of its Oracle Cloud Infrastructure (OCI) Generative AI service. This service comes with new features designed to simplify how businesses harness the cutting-edge capabilities of generative AI. The OCI Generative AI service, a fully managed offering, smoothly incorporates large language models (LLMs) sourced from Cohere and Meta Llama 2, catering to a spectrum of business needs.