The future of the artificial intelligence market looks attractive with opportunities in the healthcare, security, retail, automotive, manufacturing, and financial technology (fintech) sectors. The artificial intelligence market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $70 billion by 2025 with a CAGR of 20% to 22% from 2020 to 2025. The major drivers for this market are increasing demand for virtual assistance for easy accessibility of services and growing adoption of cloud-based technology.
Emerging trends, which have a direct impact on the dynamics of the artificial intelligence industry, include growing adoption of artificial intelligence in IoT applications and increasing demand for AI-enabled processors.
A total of 106 figures / charts and 89 tables are provided in this 206 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of artificial intelligence market report download the report brochure.
Artificial intelligence opportunities have evolved through number of stages as presented in figure below:
Evolution of Artificial Intelligence Opportunities
In this market, media and advertising is the largest end use industry, whereas machine learning is largest market by technology type. Growth in various segments of the AI market are given below:
Artificial Intelligence Market by Segments
The study includes the artificial intelligence market size and forecast for the artificial intelligence market through 2025, segmented by end use industry, technology, product and service, and region as follows:
Artificial Intelligence Market by End Use Industry [ $B shipment analysis from 2014 to 2025]:
- Media and Advertising
- Fintech (Financial Technology)
Artificial Intelligence Market by Technology [$B shipment analysis from 2014 to 2025]:
- Machine Learning
- Natural Language Processing (NLP)
Artificial Intelligence Market by Product and Service [$B shipment analysis from 2014 to 2025]:
Artificial Intelligence Market by Region [$B shipment analysis for 2014 to 2025]:
- North America
- United States
- United Kingdom
- Asia Pacific
- The Rest of the World
Some of the artificial intelligence companies profiled in this report include Intel, IBM, Amazon, Facebook, NVIDIA, Apple, Microsoft, General Electric, and NEC Corporation and others.
Lucintel forecasts that the machine learning technology will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to increasing adoption of this technology in the autonomous applications and growing consumer preference for IoT-enabled devices.
Within the artificial intelligence market, media and advertising will remain the largest application due to an increasing adoption of customer-centric marketing strategies and increasing use of social platform for advertisements. The healthcare segment is expected to witness the highest growth over forecast period due to advancements in clinical research and growing demand for electronics-based medical equipment and sensors in the healthcare applications.
APAC will remain the largest region and it is also expected to witness the highest growth over the forecast period due to the growing adoption of IoT (internet of things), increasing installation of smart home devices, and growing industrial automation in countries, such as China, India, and Taiwan.
Some of the features of this report:
- Market size estimates: Artificial intelligence market size estimation in terms of value ($B) shipment.
- Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by end use and use industry.
- Segmentation analysis: Artificial intelligence market size by end use industry, technology, product and service type in terms of value and volume shipment.
- Regional analysis: Artificial intelligence market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
- Growth opportunities: Analysis on growth opportunities in different applications and regions of artificial intelligence in the artificial intelligence market.
- Strategic analysis: This includes M&A, new product development, and competitive landscape of artificial intelligence in the artificial intelligence market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the artificial intelligence market by end use industry (media and advertising, security, automotive, healthcare, retail, fintech, manufacturing and others), by technology (machine learning, natural learning processing, and others), by product and service (hardware, software, and service) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the artificial intelligence market?
Q.6 What are the emerging trends in this artificial intelligence market and reasons behind them?
Q.7 What are some changing demands of customers in the artificial intelligence market?
Q.8 What are the new developments in the artificial intelligence market? Which companies are leading these developments?
Q.9 Who are the major players in this artificial intelligence market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this artificial intelligence area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years in this artificial intelligence market?
Key Features Description
Base Year for Estimation 2019
(Actual Estimates) 2014-2019
Forecast Period 2020-2025
Market Representation / Units Revenue in US $ Billion and Volume in Million Units
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling
Market Segments end use industry (media and advertising, security, automotive, healthcare, retail, fintech, manufacturing and others), by technology (machine learning, natural learning processing, and others), by product and service (hardware, software, and service)
Regional Scope North America (The United States, Canada, and Mexico), Europe (the UK, France, and Germany), Asia Pacific (China, Japan, and India), and RoW
Customization 10% Customization Without any Additional Cost