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Home Artificial Intelligence

Global Artificial Intelligence Market Forecast to Reach USD 3,582.75 Billion by 2034 with Steady Growth 31.3%

December 19, 2024
in Artificial Intelligence, OpenPR, Web3
Reading Time: 6 mins read
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Artificial Intelligence Market

Artificial Intelligence Market

The artificial intelligence market size was valued at USD 235.27 billion in 2024. It is projected to grow to USD 3,582.75 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 31.3% from 2025 to 2034.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧:

Artificial intelligence (AI) refers to the imitation of human intelligence tasks by machines, especially computer systems. These processes encompass reasoning, learning, perception, problem-solving, and comprehension of language. AI systems utilize algorithms and data to carry out functions like speech recognition, decision-making, and visual perception. Through the automation of intricate tasks and the enhancement of efficiency, AI is reshaping multiple sectors such as healthcare, finance, transportation, and manufacturing, boosting the abilities of both humans and machines.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐰𝐢𝐭𝐡 𝐀𝐧 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐋𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐔𝐩𝐜𝐨𝐦𝐢𝐧𝐠 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬: https://www.polarismarketresearch.com/industry-analysis/artificial-intelligence-market/request-for-sample

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

● Next-generation computing architectures, combined with access to these extensive datasets, are motivating researchers and information scientists to innovate rapidly. The swift advancements spurred by access to superior datasets are fueling market expansion.
● Videos and images captured in low resolution or dim lighting can be enhanced to HD quality using advancements in artificial neural networks. They have also established the groundwork for digital image processing in fields like surveillance and security, healthcare, and transportation. These advancements are driving the growth of the market.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

In this extremely competitive market, major rivals constantly innovate and differentiate their products in an effort to take the lead in the market. Here is the list of the leading companies operating in the artificial intelligence market:

• Advanced Micro Devices
• AiCure
• Arm Limited
• Atomwise, Inc.
• Ayasdi AI LLC [acquired by SymphonyAI (SAI)]
• Baidu, Inc.
• Clarifai, Inc
• Cyrcadia Health
• Enlitic, Inc.
• Google LLC
• H2O.ai.
• HyperVerge, Inc.
• International Business Machines Corporation
• Intel Corporation
• Iris.ai AS.
• Lifegraph
• Microsoft
• NVIDIA Corporation
• Sensely, Inc.
• Zebra Medical Vision, Inc.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐛𝐞𝐟𝐨𝐫𝐞 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.polarismarketresearch.com/industry-analysis/artificial-intelligence-market/inquire-before-buying

𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Regional analysis provides an examination of the key variables, including social, physical, and economic, in a regional context. It helps companies understand the needs and wants of their customers in target markets. Thus, stakeholders can make informed decisions about their products or service offerings. Also, regional analysis assists businesses in identifying regions with high growth potential and where they should focus their efforts. Furthermore, it can help stakeholders understand local conditions to analyze policy related to global change.

The key regions and sub-regions of the Artificial Intelligence Market covered in the research report are:
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The artificial intelligence market is mainly segmented based on solution, technology, function, end use, and region. Based on solution analysis, the software segment dominates the market with a substantial revenue share of 34.5% in 2024. The software segment’s dominant share is due to substantial improvements in data storage capacity, elevated computing power, and parallel processing abilities that enable the provision of premium services.

Furthermore, according to the function analysis, the sales and marketing segment is expected to register the highest CAGR during the projection period. The segment utilizes AI to change the way businesses draw in and retain customers.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/artificial-intelligence-market

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐟 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Software-Defined Anything (SDx) Market: https://www.polarismarketresearch.com/industry-analysis/software-defined-anything-market

Consumer Identity and Access Management (CIAM) Market: https://www.polarismarketresearch.com/industry-analysis/consumer-identity-and-access-management-market

Data Center Power Market: https://www.polarismarketresearch.com/industry-analysis/data-center-power-market

Open Radio Access Network (Open RAN) Market: https://www.polarismarketresearch.com/industry-analysis/open-radio-access-network-market

Threat Hunting Market: https://www.polarismarketresearch.com/industry-analysis/threat-hunting-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter

𝐀𝐛𝐨𝐮𝐭 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠, 𝐈𝐧𝐜:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

This release was published on openPR.

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