Artificial Intelligence Market
The Global Artificial Intelligence Market is estimated to reach at a Significant CAGR during the forecast period (2024-2031).
Artificial Intelligence Market reports from DataM Intelligence provide comprehensive insights and analysis on key trends, emerging opportunities, and evolving challenges. With a focus on delivering actionable intelligence, the company empowers businesses to make informed decisions and maintain a competitive advantage. Utilizing a blend of qualitative and quantitative research methodologies, DataM Intelligence offers in-depth reports that help clients navigate complex market landscapes, drive strategic growth, and capture new opportunities in an ever-changing global market.
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A field of computer science that focuses on creating machines or software that can perform tasks that typically require human intelligence. These tasks include learning, problem-solving, speech recognition, and decision-making.
Forecast Growth Projected:
The global Artificial Intelligence market is projected to experience significant growth between 2024 and 2031. In 2023, the market has been expanding steadily, and with the increasing implementation of strategic initiatives by key players, it is expected to accelerate further throughout the forecast period.
List of the Key Players in the Artificial Intelligence Market: AT and T Inc., Google Inc, Facebook Inc, IBM Corporation, Apple Inc, Intel Corporation, Salesforce.com Inc, Saudi Telecom Company, Ayasdi Inc, Nuance Communication and Digital Reasoning Systems Inc.
Industry Development:
In October 2023, NVIDIA Corporation and Oracle formed a partnership to help customers tackle business challenges using accelerated computing and AI. The collaboration aims to accelerate the adoption of artificial intelligence services among customers.
In March 2024, Microsoft and NVIDIA announced a joint effort to advance AI in the healthcare and life sciences sectors. Combining Microsoft Azure’s cloud infrastructure and advanced computing with NVIDIA’s DGX Cloud and Clara suite, the partnership seeks to drive innovation and enhance patient care, particularly in clinical research and drug discovery.Also in March 2024, NVIDIA introduced new Generative AI Microservices designed to advance medical technology (MedTech), drug discovery, and digital health. These AI-powered services aim to enhance healthcare technologies.
In January 2024, Google launched Lumiere, an AI model that generates short video clips from text descriptions. It also allows for animating still images and applying specific styles to video generation.
Research Methodology:
Our research methodology integrates qualitative and quantitative approaches to deliver a comprehensive market analysis. We start with secondary research, collecting data from reputable industry reports and databases, followed by primary research through surveys and interviews with industry experts. The gathered data is then analyzed using advanced statistical tools to identify trends and evaluate market dynamics. We also apply market segmentation techniques and Porter’s Five Forces analysis to assess the competitive landscape. This rigorous approach ensures our insights are accurate, actionable, and tailored to support informed decision-making.
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Market Dynamics:
The AI market is rapidly growing across sectors like healthcare, finance, and retail, driven by advancements in machine learning and automation. Despite high implementation costs and ethical concerns around data privacy, the potential for AI to improve efficiency and decision-making presents substantial growth opportunities.
Segment Covered in the Artificial Intelligence Market:
By Component (Hardware, Software, Services, Others), By Technology (Machine Learning, Natural Language Processing, Computer Vision, Others), By End-User (Industrial, IT & Telecom, Healthcare, Retail, BFSI, Automotive, Advertising and Media)
This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
Regional Analysis for Artificial Intelligence Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
âž¡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
âž¡ Top-down and bottom-up approach for regional analysis
âž¡ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
âž¡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Frequently asked questions:
âž What is the global sales value, production value, consumption value, import and export of Artificial Intelligence market?
âž Who are the global key manufacturers of the Artificial Intelligence Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
âž What are the Artificial Intelligence market opportunities and threats faced by the vendors in the global Artificial Intelligence Industry?
âž Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
âž What focused approach and constraints are holding the Artificial Intelligence market?
âž What are the different sales, marketing, and distribution channels in the global industry?
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