PUBLISHER: The Business Research Company | PRODUCT CODE: 1674300
PUBLISHER: The Business Research Company | PRODUCT CODE: 1674300
Artificial intelligence (AI) refers to the simulation of human intelligence in machines, programmed to emulate human thinking and behavior. AI is designed to perform tasks quickly and with relatively few errors, enhancing efficiency in various applications.
The primary technology types within artificial intelligence include machine learning, natural language processing, context-aware computing, computer vision, and others. Machine learning, a subset of AI, enables systems to learn and improve from experience without explicit programming. AI technology is delivered through hardware, software, and services, catering to a diverse range of industries such as healthcare, automotive, agriculture, retail, marketing, telecommunications, defense, aerospace, media and entertainment, and other end-use sectors.
The artificial intelligence market research report is one of a series of new reports from The Business Research Company that provides artificial intelligence market statistics, including artificial intelligence industry global market size, regional shares, competitors with an artificial intelligence market share, detailed artificial intelligence market segments, market trends and opportunities, and any further data you may need to thrive in the artificial intelligence industry. This artificial intelligence market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The artificial intelligence market size has grown exponentially in recent years. It will grow from $91.39 billion in 2024 to $115.4 billion in 2025 at a compound annual growth rate (CAGR) of 26.3%. The growth in the historic period can be attributed to historical ai applications, historical market competition, historical ethical considerations, ai in specific sectors, historical investment trends, historical industry adoption.
The artificial intelligence market size is expected to see exponential growth in the next few years. It will grow to $250.98 billion in 2029 at a compound annual growth rate (CAGR) of 21.4%. The growth in the forecast period can be attributed to ai talent and workforce, industry-specific ai applications, regulatory changes and compliance, rise in AI-integrated products, global expansion of ai adoption. Major trends in the forecast period include advancements in machine learning, increased adoption of ai in healthcare, expansion of ai in robotics, rise of natural language processing (NLP), AI for personalization in marketing.
The artificial intelligence market is set for significant growth, driven by the increasing demand from businesses and governments for AI solutions. AI, representing the intelligence exhibited by machines or software, is transforming various sectors, allowing governments to enhance efficiency and provide faster public services. The legislative records of 127 countries, as analyzed in the 2023 AI Index Report from Stanford University, reveal a substantial increase in bills containing artificial intelligence passed into law - growing from 1 in the past decade to 37 in 2022. This surge underscores the rising demand for AI solutions from both public and private entities.
The growth of the artificial intelligence market is further propelled by substantial investments in AI technologies. Companies are actively investing in AI technologies and startups to leverage the efficiency gains offered by AI software, enabling better decision-making and improved outcomes. Notably, Microsoft's $1 billion investment in San Francisco-based OpenAI is illustrative of such strategic collaborations to advance AI supercomputing technologies on Microsoft's Azure cloud. The versatility of AI applications across sectors, from healthcare R&D and diagnostics to finance forecasting and manufacturing efficiency, reinforces the momentum behind AI technology investments.
Leading companies in the artificial intelligence market are actively innovating to enhance customer satisfaction and loyalty. For instance, OpenAI's launch of ChatGPT Enterprise, an AI chatbot designed for business, utilizes natural language processing to create human-such as conversational dialogue. This innovation aims to improve communication and engagement in various business applications, demonstrating the ongoing efforts to bring cutting-edge AI solutions to market.
Automation is becoming increasingly prevalent in machine learning, addressing the complexities associated with applying traditional models to real-world business problems. Automated machine learning allows non-experts to leverage machine learning algorithms without in-depth ML expertise. Tools such as Google Cloud AutoML exemplify this trend, enabling users to train customized and high-quality ML models with minimal expertise.
In June 2022 Maropost, a Canada-based unified commerce platform, acquired Findify for $4.45 million. Findify, a Sweden-based intelligent on-site search solution company, leverages AI-powered solutions incorporating machine learning and big data to deliver advanced merchandising, search, and product recommendations. This acquisition positions Maropost to enhance its unified commerce platform, offering next-generation e-commerce shopping experiences to its clientele.
Major companies operating in the artificial intelligence market include Amazon.com Inc., Apple Inc., Alphabet Inc., Samsung Electronics Co.Ltd., Microsoft Corporation, Huawei Technologies Co.Ltd., Intel Corporation, International Business Machines Corporation, Qualcomm Technologies Inc., SAP SE, Micron Technology lnc., NVIDIA corporation, Salesforce.com Inc., Advanced Micro Devices Inc., Baidu Inc., Arista Networks Inc., iFlyTek Co. Ltd., ARM Holding plc, Xilinx Inc., Verint Systems Inc., IPsoft Inc., Qlik Technologies Inc., MicroStrategy Inc., Megvii Technology Ltd., H2O.ai lnc., Brighterion lnc., KITT.AI Inc., Albert Technologies Ltd., People.ai lnc., Brainasoft Pvt. Ltd., AlphaSense lnc., OpenAI LP, Clarifai lnc., CrowdStrike lnc., Phrasee Ltd., Meta Platforms Inc., Taiwan Semiconductor Manufacturing Co. Ltd., ASML Holding NV, RELX plc
Asia-Pacific was the largest region in the artificial intelligence market in 2024. North America was the second largest region in the global artificial intelligence market share. The regions covered in the artificial intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the artificial intelligence market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The artificial intelligence market includes revenues earned by entities by offering artificial intelligence software. Artificial Intelligence (AI) is sometimes referred to as machine intelligence. Artificial intelligence is a wide-ranging branch of computer science-related to building smart machines that can perform tasks that require human intelligence. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Artificial Intelligence Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on artificial intelligence market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for artificial intelligence ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The artificial intelligence market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.