PUBLISHER: Global Insight Services | PRODUCT CODE: 1598940
PUBLISHER: Global Insight Services | PRODUCT CODE: 1598940
The artificial intelligence market is anticipated to expand from $207.9 billion in 2023 to $1, 591 billion by 2033, reflecting a CAGR of approximately 23.1%.
The Artificial Intelligence (AI) market encompasses technologies and systems that enable machines to mimic human cognitive functions such as learning, reasoning, and problem-solving. This market includes machine learning, natural language processing, robotics, and computer vision. It is pivotal in transforming industries by enhancing decision-making, automating processes, and fostering innovation, thus offering substantial growth opportunities across sectors like healthcare, finance, automotive, and retail.
The artificial intelligence market is witnessing remarkable growth, primarily driven by advancements in machine learning and natural language processing. Within these segments, machine learning leads due to its vast applicability across industries, including finance, healthcare, and retail. Natural language processing follows closely, benefiting from the surge in demand for virtual assistants and chatbots. Regionally, North America dominates, fueled by substantial investments in AI research and development, alongside a robust technology infrastructure. Europe emerges as the second-highest performer, with a strong emphasis on AI ethics and regulatory frameworks fostering innovation. Within countries, the United States spearheads AI adoption, leveraging its tech ecosystem and talent pool. China follows, propelled by government initiatives and a burgeoning AI startup scene. The market's dynamic nature is further enhanced by collaborative efforts between public and private sectors, aiming to harness AI's transformative potential across various applications, thus paving the way for sustained growth and innovation.
Key Companies
Deep Mind, Open AI, Cerebras Systems, Graphcore, Sense Time, H2 O.ai, Data Robot, Vicarious, Darktrace, Ui Path, C3.ai, Samba Nova Systems, Blue Prism, i Flytek, Cognitive Scale, Abbyy, Clarifai, Affectiva, Algorithmia, Sound Hound, Cognitive Leap, Syntiant, Vicarious, Spark Cognition, Data Robot, Element AI, H20.ai, Cerebras Systems, Graphcore, Scale AI, Affectiva, Clarifai, Samba Nova Systems, Deep Map, Defined Crowd, Landing AI, Obsidian Security, Verta.ai, Cortexica Vision Systems, Sentinel One
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