Global Applied AI Services Market Size Study, by Component, by Deployment, by Technology, by Industry Vertical and Regional Forecasts 2022-2032

Description

Global Applied AI Services Market is valued at approximately USD 235.67 million in 2023 and is anticipated to grow with a robust CAGR of 26.22% over the forecast period 2024-2032. The Applied AI Services Market represents a dynamic and rapidly evolving sector focused on the integration and utilization of artificial intelligence technologies across a wide array of industries. These services encompass machine learning, natural language processing, computer vision, and robotics, offering tailored AI-driven solutions that enhance operational efficiency, decision-making processes, and customer engagement in sectors such as healthcare, finance, retail, manufacturing, and more.

The market's growth is fueled by the increasing adoption of AI technologies to drive automation and derive actionable insights from vast datasets. The surge in digital transformation initiatives, coupled with the growing demand for personalized customer experiences, underscores the rising importance of applied AI services in modern business environments. However, the industry faces challenges, including the high cost of AI implementation, a shortage of skilled professionals, and concerns surrounding data privacy and security, which could impede growth. Despite these obstacles, significant opportunities exist in the ongoing advancements in AI technology, the expansion of AI applications in emerging markets, and the integration of AI with other cutting-edge technologies such as IoT and blockchain, all of which are expected to propel market innovation and expansion.

Regionally, North America currently dominates the Applied AI Services Market, benefiting from early adoption, a strong ecosystem of AI startups, and substantial investments in research and development. The United States, in particular, plays a critical role, with major technology companies spearheading AI advancements. However, the Asia-Pacific region is anticipated to witness the fastest growth over the forecast period, driven by rapid digitalization, increased government and private enterprise investments in AI, and a focus on AI-driven innovation in countries such as China, Japan, and India. The region's expanding technological infrastructure and large population base further contribute to its potential for rapid market growth.

Major market players included in this report are:

Amazon Web Services (AWS)
Google (Alphabet Inc.)
Microsoft
IBM
NVIDIA
Intel
Baidu
Meta
Apple
OpenAI
Oracle Corporation
SAP SE
Siemens AG
Samsung Electronics
Alibaba Group

The detailed segments and sub-segment of the market are explained below:

By Component:

Hardware
Software
Services

By Deployment:

On-premises
Cloud

By Technology:

Machine Learning
Natural Language Processing
Others

By Industry Vertical:

Healthcare
Retail
BFSI
Manufacturing
Retail & e-commerce
Transportation & Logistics
Media & Entertainment
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Applied AI Services Market Executive Summary

1.1. Global Applied AI Services Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Component
- 1.3.2. By Deployment
- 1.3.3. By Technology
- 1.3.4. By Industry Vertical
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Applied AI Services Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Applied AI Services Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing adoption of AI across industries
- 3.1.2. Growing demand for automation
- 3.1.3. Need for personalized customer experiences
3.2. Market Challenges
- 3.2.1. High cost of AI implementation
- 3.2.2. Lack of skilled professionals
- 3.2.3. Data privacy and security concerns
3.3. Market Opportunities
- 3.3.1. Advancements in AI technology
- 3.3.2. Expansion of AI applications in emerging markets
- 3.3.3. Integration of AI with IoT and blockchain

Chapter 4. Global Applied AI Services Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Applied AI Services Market Size & Forecasts by Component 2022-2032

5.1. Segment Dashboard
5.2. Global Applied AI Services Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Hardware
- 5.2.2. Software
- 5.2.3. Services

Chapter 6. Global Applied AI Services Market Size & Forecasts by Deployment 2022-2032

6.1. Segment Dashboard
6.2. Global Applied AI Services Market: Deployment Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. On-premises
- 6.2.2. Cloud

Chapter 7. Global Applied AI Services Market Size & Forecasts by Technology 2022-2032

7.1. Segment Dashboard
7.2. Global Applied AI Services Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Machine Learning
- 7.2.2. Natural Language Processing
- 7.2.3. Others

Chapter 8. Global Applied AI Services Market Size & Forecasts by Industry Vertical 2022-2032

8.1. Segment Dashboard
8.2. Global Applied AI Services Market: Industry Vertical Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 8.2.1. Healthcare
- 8.2.2. Retail
- 8.2.3. BFSI
- 8.2.4. Manufacturing
- 8.2.5. Retail & e-commerce
- 8.2.6. Transportation & Logistics
- 8.2.7. Media & Entertainment
- 8.2.8. Others

Chapter 9. Global Applied AI Services Market Size & Forecasts by Region 2022-2032

9.1. North America Applied AI Services Market
- 9.1.1. U.S. Applied AI Services Market
  - 9.1.1.1. Component breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Deployment breakdown size & forecasts, 2022-2032
  - 9.1.1.3. Technology breakdown size & forecasts, 2022-2032
  - 9.1.1.4. Industry Vertical breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Applied AI Services Market
9.2. Europe Applied AI Services Market
- 9.2.1. U.K. Applied AI Services Market
- 9.2.2. Germany Applied AI Services Market
- 9.2.3. France Applied AI Services Market
- 9.2.4. Spain Applied AI Services Market
- 9.2.5. Italy Applied AI Services Market
- 9.2.6. Rest of Europe Applied AI Services Market
9.3. Asia-Pacific Applied AI Services Market
- 9.3.1. China Applied AI Services Market
- 9.3.2. India Applied AI Services Market
- 9.3.3. Japan Applied AI Services Market
- 9.3.4. Australia Applied AI Services Market
- 9.3.5. South Korea Applied AI Services Market
- 9.3.6. Rest of Asia Pacific Applied AI Services Market
9.4. Latin America Applied AI Services Market
- 9.4.1. Brazil Applied AI Services Market
- 9.4.2. Mexico Applied AI Services Market
- 9.4.3. Rest of Latin America Applied AI Services Market
9.5. Middle East & Africa Applied AI Services Market
- 9.5.1. Saudi Arabia Applied AI Services Market
- 9.5.2. South Africa Applied AI Services Market
- 9.5.3. Rest of Middle East & Africa Applied AI Services Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Amazon Web Services (AWS)
- 10.1.2. Google (Alphabet Inc.)
- 10.1.3. Microsoft
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. IBM
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. NVIDIA
- 10.3.3. Intel
- 10.3.4. Baidu
- 10.3.5. Meta
- 10.3.6. Apple
- 10.3.7. OpenAI
- 10.3.8. Oracle Corporation
- 10.3.9. SAP SE
- 10.3.10. Siemens AG
- 10.3.11. Samsung Electronics
- 10.3.12. Alibaba Group

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes