Goldstein Market
Date of publication: 25 March 2020
Global Artificial Intelligence (AI) Market Worth $ 4.2 billion by 2024
According to Goldstein Research, global artificial intelligence market is expected to reach USD 14.2 billion by 2024
According to Goldstein Research, global artificial intelligence market is expected to reach USD 14.2 billion by 2024 from USD 525 Milli0n in 2015, growing at a CAGR of 17.2% over the forecast period through 2024. Acquisition, mergers and collaborations in IT sector is expected to boost the growth of artificial intelligence market. Artificial intelligence market segmentation has been carried out on the basis of technology type, products, services and end-user. The natural language processing (NLP) segment is expected hold the largest share in near future on the back of rising implementation of NLP in banking and e-commerce industry for the improvement of customer assistance. Global artificial intelligence market is dominated by North America on the back of adoption of AI technologies in various end-use industries such as manufacturing, media and e-commerce. Moreover, North-America is one of the fastest growing markets in terms of technological advancements, business operations and manufacturing operations. Europe and Asia-Pacific region are expected to be the most opportunistic and growing sector across the globe during the forecast period. 

Market Segmentation

On the basis of our in-depth analysis, Global Artificial Intelligence Market can be segmented as follows:

By Technology

o Deep Learning 
o Robotics 
o Digital Personal Assistant 
o Querying Method 
o Natural Language Processing 
o Context-Aware Processing

By Product

o Software 
o Hardware

By Services

o Installation 
o Training 
o Support and Maintenance

By End-User Application

o Banking, Financial Services & Insurance (BFSI) 
o Wealth Management 
o Fraud Detection 
o Robot-integrated Manufacturing Systems 
o Automated Virtual Assistants 
o Manufacturing 
o Retail 
o Transportation & Automotive 
o Healthcare 
o Health Assistance 
o Research And Development 
o Autonomous Guided Vehicles 
o Product Recommendation 
o Automated In-store Robot

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)} 
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)} 
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)} 
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)} 
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)} 
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)} 

  Global Artificial Intelligence Market Outlook 2024” by Goldstein Research contains detailed overview of the global artificial intelligence market in terms of market segmentation by technology type, by products, by services and by end-user. 

 Further, Global Artificial Intelligence Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as IBM Corporation, Microsoft, Google, Apple, Intel, Amazon, Anki, AI Brain, Iris AI, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. 

 Overall, the report represents the global artificial intelligence market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.


About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. 

 Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. 

 Our analysts working on advanced future technologies industry reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.


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