PUBLISHER: BCC Research | PRODUCT CODE: 1540771
PUBLISHER: BCC Research | PRODUCT CODE: 1540771
The global market for artificial intelligence (AI) is estimated to increase from $148.8 billion in 2023 to reach $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 39.7% from 2024 through 2029.
The North American market for artificial intelligence is estimated to increase from $54.2 billion in 2023 to reach $342.4 billion by 2029, at a CAGR of 36.1% from 2024 through 2029.
The Asia-Pacific market for artificial intelligence is estimated to increase from $45.4 billion in 2023 to reach $433.8 billion by 2029, at a CAGR of 45.7% from 2024 through 2029.
This report analyzes the global artificial intelligence (AI) market and breaks it down into segments: AI solution type (software, services and hardware) and deployment mode (on-premise and cloud). In addition, the report analyzes the key AI technologies such as machine learning (ML), computer vision, natural language processing (NLP) and context-aware computing. It also examines the applications of AI technology in end-user industries such as BFSI, media and entertainment, healthcare, security and surveillance, marketing, logistics and supply chain, retail, automotive, telecom and IT, energy and utilities, manufacturing, education, legal, agriculture and government.
The report discusses the solutions provided by AI companies. It includes a regional analysis that covers the current and future factors influencing the deployment of AI solutions in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
The report analyzes the key drivers and regional dynamics of the AI market, along with current industry trends. It concludes with profiles of the major AI providers. The base year for the study is 2023, and projections for 2024 through 2029 are provided, along with expected CAGRs for this forecast period.