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Artificial Intelligence Market

Global Artificial Intelligence Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Deployment Coverage, By Organization Size Coverage, By Vertical Coverage, By Business Function Coverage, By Offerings Coverage, By Technology Coverage, By Geographic Coverage and By Company)

Published Date: Apr 2023 | Format: | No. of Pages: 170

Industry: Information & Communications Technology


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Artificial Intelligence Market Outlook

Up from the valuation of more than US$29.9 Bn attained in 2019, the global artificial intelligence market is expected to be worth US$718.7 Bn by 2029. Between the years of 2022 and 2030, the global market is anticipated to register a staggering CAGR of 31.2%.

Market Analysis in Brief

As artificial intelligence is one of the fastest progressing and expanding technologies with a wealth of potential application across several industries worldwide, the technology plays a crucial role in influencing the global economy to a large extent. It also has been identified as an exceptional tech aid in national security. The global artificial intelligence market eyes a stellar growth outlook between the years of forecast. Global behemoths like Amazon, Google, Apple, IBM, Microsoft, and Facebook amplifying their investments in R&D of AI will serve a vital role in shaping up the market in long run.

Artificial Intelligence Market

Key Report Findings

  • Worldwide AI market size likely to exceed US$718.7 Bn in 2030
  • Service-based models remain at the core of the developmental strategies of key industry participants
  • Research expects the largest economic gains from AI technology in North America, and China
  • AI consumption by BFSI segment equals over 28% of total market valuation
  • North America’s artificial intelligence market accounts for over 29% of global industry revenue

Growth Drivers

An Influx of Investments

The International Trade Administration (ITA)'s Global artificial intelligence Market Report indicates twofold growth in global AI funding in the year 2021 over the previous one. Around 65 AI companies have already hit the billion-dollar mark. And while these statistics point to a massive AI wave worldwide, a large number of governments, as well as organizations are soon to embrace AI as a crucial aid in their business journey. The rate of investment flow points to the colossal growth of AI industry has especially taken off between 2020 and 2022 in form of the rise in total annual corporate global AI investments in startups by nearly US$5 Bn. The artificial intelligence market is thus poised to witness notable growth over the long term.

Rising Demand from Healthcare Industry

AI possesses is being employed for scanning of the pre-existing medications to later redesign their usage to combat specific diseases. While this application potentially brings down the drug development costs, ample opportunity exists when it comes to using this for taking customized healthcare services one level up. In addition to better patient outcome, and improved accessibility of the AI-enabled chatbots can completely assist. As such AI-based solutions can provide end-to-end assistance throughout the process without compromising security and safety amidst the risks of fraud, demand will most likely rise high across healthcare industry. This will push the artificial intelligence market to a large extent.

Growth Challenges

Inadequate Expertise to Operate AI

The field of data science continues to struggle with the desired expertise and the gap further aggravates with deepening penetration of automation technologies that take over data processes. Besides data science, AI, and machine learning also remain challenged by the critically growing need for having comprehensive capabilities. This factor is expected to continue posing a growth challenge in front of the artificial intelligence market through the end of 2030.

Overview of Key Segments

Adoption Highest in BFSI Sector

With more than 28% revenue share in the global artificial intelligence market, the BFSI segment will continue to surge ahead in long term. Widening uptake of the AI technology for FinTech applications, risk assessment, financial analysis, portfolio or investment management, and regulatory compliance is expected to drive top performance of the BFSI industry in terms of AI consumption in the worldwide AI industry. Rampant e-Commerce expansion represents a strong factor underpinning the next key positioning of e-Commerce segment in uplifting the prospects of AI market. Along with retail, the segment currently accounts for over 19% market share, shows report.

Healthcare to Emerge Lucrative

Adoption across healthcare is likely to surge in line with a growing number of potential use cases in segments like hospital workflow management, robotic surgeries, nursing and medication assistance, clinical trials, and primary diagnosis. The other key business verticals include automotive and transportation, retail, agriculture, healthcare, manufacturing, and e-Commerce. The high opportunity bearers, i.e., manufacturing industry and government & defense, together contribute more than 25% revenue to the global AI market value.

Growth Opportunities Across Regions

North America’s Primacy Intact

Banking on higher spending of governments, as well as public sector on AI technology, North America that currently spearheads the global artificial intelligence market will retain its leading position in the long run, foresees the report. The region accounts for more than 29% share in the overall market valuation, followed by Asia Pacific, and Europe. The markets of North America, and Europe collectively hold over 55%.

The US market continues to enjoy the first-mover’s advantage and the report marks a crucial factor complementing the key position of the US in global artificial intelligence industry. The American AI Initiative that was launched in the year 2019 by the then president with an intent to reaffirm America’s leadership in AI. Under this initiative, the Federal agencies had formed a set of guidelines for public over the development and real-life implementation of AI-enabled systems. This has been a major booster to the North American market.

Asia Pacific All Set for an AI-ready Future

With sizeable investments flowing in, the Asia Pacific artificial intelligence market will demonstrate significant growth in revenue through the end of forecast period. The region is also likely to benefit largely from the thriving start-up sector, improving funds, and growing inclination toward process automation and greater efficiency. Asia Pacific’s AI market represents more than a fourth of the global market valuation.

Key Players in AI Industry

Microsoft Corporation, Cisco Systems, Sailpoint Technologies, IBM, Oracle, DELL, CA Technologies, HITACHI, and Okta constitute some of the leading companies steering the competitive landscape of artificial intelligence market. The report provides insight into the detailed strategic analysis and profiling of some of these companies.

Recent Notable Developments

  • In 2019, Intel Corporation’s acquisition of Habana Labs Ltd. was accomplished that empowered the former’s AI portfolio to surge in AI silicon
  • In 2019, IBM Watson Health had announced its agreement with a French medical imaging company Guerbet, over an AI software solution development that potentially aids in the field of cancer diagnostics and monitoring
  • In 2019, Intel Corporation had declared partnership with China’s Alibaba Group Holding Limited over the co-development of an AI-enabled tracking technology. It was especially developed for the Olympic Games to be held by the country in 2020
  • In 2022, Cadbury announce a novel initiative that involves the use of AI-enabled AD creation (for free) with voice and face of a celebrity, especially targeting small business owners

Notable AI Developments During Pandemic

  • In 2020, Lunit launched an AI solution for the chest’s X-ray analysis as a part of facilitation of the management of COVID-19 cases
  • In 2020, Google LLC launched an AI-enabled chatbot for call centers, named Rapid Response Virtual Agent, to assist customers during COVID-19 outbreak
  • In 2020, Zebra Medical Vision announced its collaboration with TELUS Ventures to achieve enhancements in AI solutions for clinical care settings
  • In 2020, McDonald’s announced a whopping US$300 Mn investment in acquisition of an emerging AI start-up in Tel Aviv. The deal was intended to take personalized customer experience to next level through AI

The Global Artificial Intelligence Market is Segmented as Below:

By Deployment Coverage    

  • On-Premises
  • Cloud

By Organization Size Coverage     

  • Small and Medium Enterprises
  • Large Enterprises

By Vertical Coverage

  • BFSI
  • Government & Defense
  • Manufacturing
  • Healthcare
  • Retail & E commerce
  • Transportation & Logistics
  • Others

By Business Function Coverage    

  • Finance
  • Security
  • Human Resources
  • Law
  • Marketing & Sales
  • Others

By Offerings Coverage        

  • Hardware
  • Software
  • Services

By Technology Coverage    

  • ML
  • Natural Language Processing
  • Context-Aware Computing
  • Computer Vision

By Geographical Coverage  

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Turkey
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Egypt
    • Rest of Middle East & Africa

Leading Companies   

  • Cisco Systems
  • Microsoft Corporation
  • Sailpoint Technologies
  • Oracle
  • DELL
  • IBM
  • HITACHI
  • CA Technologies
  • Okta
  • Micro Focus
  • Centrify Corp

Inside This Report You Will Find:

1. Executive Summary
2. Market Overview
3. Global Artificial Intelligence Market Outlook, 2019 - 2030
4. North America Artificial Intelligence Market Outlook, 2019 - 2030
5. Europe Artificial Intelligence Market Outlook, 2019 - 2030
6. Asia Pacific Artificial Intelligence Market Outlook, 2019 - 2030
7. Latin America Artificial Intelligence Market Outlook, 2019 - 2030
8. Middle East & Africa Artificial Intelligence Market Outlook, 2019 - 2030
9. Competitive Landscape
10. Appendix

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1. Executive Summary
     1.1. Global Artificial Intelligence Market Snapshot
     1.2. Future Projections
     1.3. Key Market Trends
     1.4. Analyst Recommendations

2. Market Overview
     2.1. Market Definitions
     2.2. Market Taxonomy
     2.3. Market Dynamics
            2.3.1. Drivers
            2.3.2. Restraints
     2.4. Value Chain Analysis
     2.5. Porter’s Five Forces Analysis
     2.6. COVID-19 Impact Analysis
     2.7. Key Patents

3. Global Artificial Intelligence Market Outlook, 2019 - 2030
     3.1. Global Artificial Intelligence Market Outlook, by offerings (US$ Mn), 2019 - 2030
            3.1.1. Key Highlights
                   3.1.1.1. Hardware
                   3.1.1.2. Software
                   3.1.1.3. Services
            3.1.2. BPS Analysis/Market Attractiveness Analysis
     3.2. Global Artificial Intelligence Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
            3.2.1. Key Highlights
                   3.2.1.1. ML
                   3.2.1.2. Natural Language Processing
                   3.2.1.3. Context-Aware Computing
                   3.2.1.4. Computer Vision
            3.2.2. BPS Analysis/Market Attractiveness Analysis
     3.3. Global Artificial Intelligence Market Outlook, by Deployment, Value (US$ Mn), 2019 - 2030
            3.3.1. Key Highlights
                   3.3.1.1. On-Premises
                   3.3.1.2. Cloud
            3.3.2. BPS Analysis/Market Attractiveness Analysis
     3.4. Global Artificial Intelligence Market Outlook, by Org Size, Value (US$ Mn), 2019 - 2030
            3.4.1. Key Highlights
                   3.4.1.1. Small and Medium-Sized Enterprises
                   3.4.1.2. Large Enterprises
            3.4.2. BPS Analysis/Market Attractiveness Analysis
     3.5. Global Artificial Intelligence Market Outlook, by Business Function, Value (US$ Mn), 2019 - 2030
            3.5.1. Key Highlights
                   3.5.1.1. Finance
                   3.5.1.2. Security
                   3.5.1.3. Human Resources
                   3.5.1.4. Law
                   3.5.1.5. Marketing & Sales
                   3.5.1.6. Others
            3.5.2. BPS Analysis/Market Attractiveness Analysis
     3.6. Global Artificial Intelligence Market Outlook, by Verticals, Value (US$ Mn), 2019 - 2030
            3.6.1. Key Highlights
                   3.6.1.1. BFSI
                   3.6.1.2. Government & Defense
                   3.6.1.3. Manufacturing
                   3.6.1.4. Healthcare
                   3.6.1.5. Retail & E commerce
                   3.6.1.6. Transportation & Logistics
                   3.6.1.7. Others
            3.6.2. BPS Analysis/Market Attractiveness Analysis
     3.7. Global Artificial Intelligence Market Outlook, by Region, Value (US$ Mn), 2019 - 2030
            3.7.1. Key Highlights
                   3.7.1.1. North America
                   3.7.1.2. Europe
                   3.7.1.3. Asia Pacific
                   3.7.1.4. Latin America
                   3.7.1.5. Middle East & Africa
            3.7.2. BPS Analysis/Market Attractiveness Analysis

4. North America Artificial Intelligence Market Outlook, 2019 - 2030
     4.1. North America Artificial Intelligence Market Outlook, by offerings (US$ Mn), 2019 - 2030
            4.1.1. Key Highlights
                   4.1.1.1. Hardware
                   4.1.1.2. Software
                   4.1.1.3. Services
            4.1.2. BPS Analysis/Market Attractiveness Analysis
     4.2. North America Artificial Intelligence Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
            4.2.1. Key Highlights
                   4.2.1.1. ML
                   4.2.1.2. Natural Language Processing
                   4.2.1.3. Context-Aware Computing
                   4.2.1.4. Computer Vision
            4.2.2. BPS Analysis/Market Attractiveness Analysis
     4.3. North America Artificial Intelligence Market Outlook, by Deployment, Value (US$ Mn), 2019 - 2030
            4.3.1. Key Highlights
                   4.3.1.1. On-Premises
                   4.3.1.2. Cloud
            4.3.2. BPS Analysis/Market Attractiveness Analysis
     4.4. North America Artificial Intelligence Market Outlook, by Org Size, Value (US$ Mn), 2019 - 2030
            4.4.1. Key Highlights
                   4.4.1.1. Small and Medium-Sized Enterprises
                   4.4.1.2. Large Enterprises
            4.4.2. BPS Analysis/Market Attractiveness Analysis
     4.5. North America Artificial Intelligence Market Outlook, by Business Function, Value (US$ Mn), 2019 - 2030
            4.5.1. Key Highlights
                   4.5.1.1. Finance
                   4.5.1.2. Security
                   4.5.1.3. Human Resources
                   4.5.1.4. Law
                   4.5.1.5. Marketing & Sales
                   4.5.1.6. Others
            4.5.2. BPS Analysis/Market Attractiveness Analysis
     4.6. North America Artificial Intelligence Market Outlook, by Verticals, Value (US$ Mn), 2019 - 2030
            4.6.1. Key Highlights
                   4.6.1.1. BFSI
                   4.6.1.2. Government & Defense
                   4.6.1.3. Manufacturing
                   4.6.1.4. Healthcare
                   4.6.1.5. Retail & E commerce
                   4.6.1.6. Transportation & Logistics
                   4.6.1.7. Others
                   4.6.1.8. BPS Analysis/Market Attractiveness Analysis
     4.7. North America Artificial Intelligence Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            4.7.1. Key Highlights
                   4.7.1.1. U.S. Artificial Intelligence Market by Value (US$ Mn), 2019 - 2030
                   4.7.1.2. Canada Artificial Intelligence Market by Value (US$ Mn), 2019 - 2030
            4.7.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Artificial Intelligence Market Outlook, 2019 - 2030
     5.1. Europe Artificial Intelligence Market Outlook, by offerings (US$ Mn), 2019 - 2030
            5.1.1. Key Highlights
                   5.1.1.1. Hardware
                   5.1.1.2. Software
                   5.1.1.3. Services
            5.1.2. BPS Analysis/Market Attractiveness Analysis
     5.2. Europe Artificial Intelligence Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
            5.2.1. Key Highlights
                   5.2.1.1. ML
                   5.2.1.2. Natural Language Processing
                   5.2.1.3. Context-Aware Computing
                   5.2.1.4. Computer Vision
            5.2.2. BPS Analysis/Market Attractiveness Analysis
     5.3. Europe Artificial Intelligence Market Outlook, by Deployment, Value (US$ Mn), 2019 - 2030
            5.3.1. Key Highlights
                   5.3.1.1. On-Premises
                   5.3.1.2. Cloud
            5.3.2. BPS Analysis/Market Attractiveness Analysis
     5.4. Europe Artificial Intelligence Market Outlook, by Org Size, Value (US$ Mn), 2019 - 2030
            5.4.1. Key Highlights
                   5.4.1.1. Small and Medium-Sized Enterprises
                   5.4.1.2. Large Enterprises
            5.4.2. BPS Analysis/Market Attractiveness Analysis
     5.5. Europe Artificial Intelligence Market Outlook, by Business Function, Value (US$ Mn), 2019 - 2030
            5.5.1. Key Highlights
                   5.5.1.1. Finance
                   5.5.1.2. Security
                   5.5.1.3. Human Resources
                   5.5.1.4. Law
                   5.5.1.5. Marketing & Sales
                   5.5.1.6. Others
            5.5.2. BPS Analysis/Market Attractiveness Analysis
     5.6. Europe Artificial Intelligence Market Outlook, by Verticals, Value (US$ Mn), 2019 - 2030
            5.6.1. Key Highlights
                   5.6.1.1. BFSI
                   5.6.1.2. Government & Defense
                   5.6.1.3. Manufacturing
                   5.6.1.4. Healthcare
                   5.6.1.5. Retail & E commerce
                   5.6.1.6. Transportation & Logistics
                   5.6.1.7. Others
            5.6.2. BPS Analysis/Market Attractiveness Analysis
     5.7. Europe Artificial Intelligence Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            5.7.1. Key Highlights
                   5.7.1.1. Germany Artificial Intelligence Market by Value (US$ Mn), 2019 - 2030
                   5.7.1.2. France Artificial Intelligence Market by Product, Value (US$ Mn), 2019 - 2030
                   5.7.1.3. U.K. Artificial Intelligence Market by Value (US$ Mn), 2019 - 2030
                   5.7.1.4. Italy Artificial Intelligence Market by Value (US$ Mn), 2019 - 2030
                   5.7.1.5. Spain Artificial Intelligence Market by Product, Value (US$ Mn), 2019 - 2030
                   5.7.1.6. Rest of Europe Artificial Intelligence Market Value (US$ Mn), 2019 - 2030
            5.7.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Artificial Intelligence Market Outlook, 2019 - 2030
     6.1. Asia Pacific Artificial Intelligence Market Outlook, by offerings (US$ Mn), 2019 - 2030
            6.1.1. Key Highlights
                   6.1.1.1. Hardware
                   6.1.1.2. Software
                   6.1.1.3. Services
            6.1.2. BPS Analysis/Market Attractiveness Analysis
     6.2. Asia Pacific Artificial Intelligence Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
            6.2.1. Key Highlights
                   6.2.1.1. ML
                   6.2.1.2. Natural Language Processing
                   6.2.1.3. Context-Aware Computing
                   6.2.1.4. Computer Vision
            6.2.2. BPS Analysis/Market Attractiveness Analysis
     6.3. Asia Pacific Artificial Intelligence Market Outlook, by Deployment, Value (US$ Mn), 2019 - 2030
            6.3.1. Key Highlights
                   6.3.1.1. On-Premises
                   6.3.1.2. Cloud
            6.3.2. BPS Analysis/Market Attractiveness Analysis
     6.4. Asia Pacific Artificial Intelligence Market Outlook, by Org Size, Value (US$ Mn), 2019 - 2030
            6.4.1. Key Highlights
                   6.4.1.1. Small and Medium-Sized Enterprises
                   6.4.1.2. Large Enterprises
            6.4.2. BPS Analysis/Market Attractiveness Analysis
     6.5. Asia Pacific Artificial Intelligence Market Outlook, by Business Function, Value (US$ Mn), 2019 - 2030
            6.5.1. Key Highlights
                   6.5.1.1. Finance
                   6.5.1.2. Security
                   6.5.1.3. Human Resources
                   6.5.1.4. Law
                   6.5.1.5. Marketing & Sales
                   6.5.1.6. Others
            6.5.2. BPS Analysis/Market Attractiveness Analysis
     6.6. Asia Pacific Artificial Intelligence Market Outlook, by Verticals, Value (US$ Mn), 2019 - 2030
            6.6.1. Key Highlights
                   6.6.1.1. BFSI
                   6.6.1.2. Government & Defense
                   6.6.1.3. Manufacturing
                   6.6.1.4. Healthcare
                   6.6.1.5. Retail & E commerce
                   6.6.1.6. Transportation & Logistics
                   6.6.1.7. Others
            6.6.2. BPS Analysis/Market Attractiveness Analysis
     6.7. Asia Pacific Artificial Intelligence Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            6.7.1. Key Highlights
                   6.7.1.1. India Artificial Intelligence Market by Value (US$ Mn), 2019 - 2030
                   6.7.1.2. China Artificial Intelligence Market by Value (US$ Mn), 2019 - 2030
                   6.7.1.3. Japan Artificial Intelligence Market by Value (US$ Mn), 2019 - 2030
                   6.7.1.4. Australia & New Zealand Artificial Intelligence Market Value (US$ Mn), 2019 - 2030
                   6.7.1.5. Rest of Asia Pacific Market by Value (US$ Mn), 2019 - 2030
            6.7.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Artificial Intelligence Market Outlook, 2019 - 2030
     7.1. Latin America Artificial Intelligence Market Outlook, by offerings (US$ Mn), 2019 - 2030
            7.1.1. Key Highlights
                   7.1.1.1. Hardware
                   7.1.1.2. Software
                   7.1.1.3. Services
            7.1.2. BPS Analysis/Market Attractiveness Analysis
     7.2. Latin America Artificial Intelligence Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
            7.2.1. Key Highlights
                   7.2.1.1. ML
                   7.2.1.2. Natural Language Processing
                   7.2.1.3. Context-Aware Computing
                   7.2.1.4. Computer Vision
            7.2.2. BPS Analysis/Market Attractiveness Analysis
     7.3. Latin America Artificial Intelligence Market Outlook, by Deployment, Value (US$ Mn), 2019 - 2030
            7.3.1. Key Highlights
                   7.3.1.1. On-Premises
                   7.3.1.2. Cloud
            7.3.2. BPS Analysis/Market Attractiveness Analysis
     7.4. Latin America Artificial Intelligence Market Outlook, by Org Size, Value (US$ Mn), 2019 - 2030
            7.4.1. Key Highlights
                   7.4.1.1. Small and Medium-Sized Enterprises
                   7.4.1.2. Large Enterprises
            7.4.2. BPS Analysis/Market Attractiveness Analysis
     7.5. Latin America Artificial Intelligence Market Outlook, by Business Function, Value (US$ Mn), 2019 - 2030
            7.5.1. Key Highlights
                   7.5.1.1. Finance
                   7.5.1.2. Security
                   7.5.1.3. Human Resources
                   7.5.1.4. Law
                   7.5.1.5. Marketing & Sales
                   7.5.1.6. Others
            7.5.2. BPS Analysis/Market Attractiveness Analysis
     7.6. Latin America Artificial Intelligence Market Outlook, by Verticals, Value (US$ Mn), 2019 - 2030
            7.6.1. Key Highlights
                   7.6.1.1. BFSI
                   7.6.1.2. Government & Defense
                   7.6.1.3. Manufacturing
                   7.6.1.4. Healthcare
                   7.6.1.5. Retail & E-commerce
                   7.6.1.6. Transportation & Logistics
                   7.6.1.7. Others
            7.6.2. BPS Analysis/Market Attractiveness Analysis
     7.7. Latin America Artificial Intelligence Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            7.7.1. Key Highlights
                   7.7.1.1. Brazil Artificial Intelligence Market by Value (US$ Mn), 2019 - 2030
                   7.7.1.2. Mexico Artificial Intelligence Market by Value (US$ Mn), 2019 - 2030
                   7.7.1.3. Rest of Latin America Artificial Intelligence Market by Value (US$ Mn), 2019 - 2030
            7.7.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Artificial Intelligence Market Outlook, 2019 - 2030
     8.1. Middle East & Africa Artificial Intelligence Market Outlook, by offerings (US$ Mn), 2019 - 2030
            8.1.1. Key Highlights
                   8.1.1.1. Hardware
                   8.1.1.2. Software
                   8.1.1.3. Services
            8.1.2. BPS Analysis/Market Attractiveness Analysis
     8.2. Middle East & Africa Artificial Intelligence Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
            8.2.1. Key Highlights
                   8.2.1.1. ML
                   8.2.1.2. Natural Language Processing
                   8.2.1.3. Context-Aware Computing
                   8.2.1.4. Computer Vision
            8.2.2. BPS Analysis/Market Attractiveness Analysis
     8.3. Middle East & Africa Artificial Intelligence Market Outlook, by Deployment, Value (US$ Mn), 2019 - 2030
            8.3.1. Key Highlights
                   8.3.1.1. On-Premises
                   8.3.1.2. Cloud
            8.3.2. BPS Analysis/Market Attractiveness Analysis
     8.4. Middle East & Africa Artificial Intelligence Market Outlook, by Org Size, Value (US$ Mn), 2019 - 2030
            8.4.1. Key Highlights
                   8.4.1.1. Small and Medium-Sized Enterprises
                   8.4.1.2. Large Enterprises
            8.4.2. BPS Analysis/Market Attractiveness Analysis
     8.5. Middle East & Africa Artificial Intelligence Market Outlook, by Business Function, Value (US$ Mn), 2019 - 2030
            8.5.1. Key Highlights
                   8.5.1.1. Finance
                   8.5.1.2. Security
                   8.5.1.3. Human Resources
                   8.5.1.4. Law
                   8.5.1.5. Marketing & Sales
                   8.5.1.6. Others
            8.5.2. BPS Analysis/Market Attractiveness Analysis
     8.6. Middle East & Africa Artificial Intelligence Market Outlook, by Verticals, Value (US$ Mn), 2019 - 2030
            8.6.1. Key Highlights
                   8.6.1.1. BFSI
                   8.6.1.2. Government & Defense
                   8.6.1.3. Manufacturing
                   8.6.1.4. Healthcare
                   8.6.1.5. Retail & E commerce
                   8.6.1.6. Transportation & Logistics
                   8.6.1.7. Others
            8.6.2. BPS Analysis/Market Attractiveness Analysis
     8.7. Middle East & Africa Artificial Intelligence Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            8.7.1. Key Highlights
                   8.7.1.1. GCC Artificial Intelligence Market by Value (US$ Mn), 2019 - 2030
                   8.7.1.2. South Africa Artificial Intelligence Market by Value (US$ Mn), 2019 - 2030
                   8.7.1.3. Rest of Middle East & Africa Artificial Intelligence Market by Value (US$ Mn), 2019 - 2030
            8.7.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
     9.1. Company Market Share Analysis, 2019
     9.2. Company Profiles
            9.2.1. Cisco Systems
                   9.2.1.1. Company Overview
                   9.2.1.2. Key Retailing Partners
                   9.2.1.3. Business Segment Revenue
                   9.2.1.4. Ingredient Overview
                   9.2.1.5. Product Offering & its Presence
                   9.2.1.6. Certifications & Claims
            9.2.2. Microsoft Corporation
            9.2.3. Sailpoint Technologies
            9.2.4. Oracle
            9.2.5. DELL
            9.2.6. IBM
            9.2.7. HITACHI
            9.2.8. CA Technologies
            9.2.9. Okta
            9.2.10. Micro Focus
            9.2.11. Centrify Corp
            9.2.12. Centrify Corp

10. Appendix
     10.1. Research Methodology
     10.2. Report Assumptions
     10.3. Acronyms and Abbreviations

 

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2022

  

2019 - 2022

2023 - 2030

Value: US$ Million

 

REPORT FEATURES

DETAILS

Deployment Coverage
  • On-Premises
  • Cloud

Organization Size Coverage
  • Small and Medium Enterprises 
  • Large Enterprises

Vertical Coverage
  • BFSI
  • Government & Defense
  • Manufacturing
  • Healthcare
  • Retail & E commerce
  • Transportation & Logistics
  • Others

Business Function Coverage
  • Finance
  • Security
  • Human Resources
  • Law
  • Marketing & Sales
  • Others

Offerings Coverage
  • Hardware
  • Software
  • Services

Technology Coverage
  • ML
  • Natural Language Processing
  • Context-Aware Computing
  • Computer Vision

Geographical Coverage
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Turkey
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Egypt
    • Rest of Middle East & Africa

Leading Companies
  • Cisco Systems
  • Microsoft Corporation
  • Sailpoint Technologies
  • Oracle
  • DELL
  • IBM
  • HITACHI
  • CA Technologies
  • Okta
  • Micro Focus
  • Centrify Corp

Report Highlights

Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Product-, Application-, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis, Key Trends

 

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Research Methodology

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FAQs : Artificial Intelligence Market

Global Artificial Intelligence market is expected to reach US$718.7 Bn by 2030 end.

Increasing use of generative AI for content creation, ethical and explainable AI augmentation, and growing significance of natural language generation collectively drive the growth of Artificial Intelligence market.

We have divided the global Artificial Intelligence market into five regions: - North America, Latin America, Europe, Asia Pacific, and the Middle East associated countries.

North America is the largest Artificial Intelligence market and is expected to register a value CAGR of 31.2% by 2030 end.

Cisco Systems, Microsoft Corporation, Sailpoint Technologies, Oracle, DELL, IBM, HITACHI, CA Technologies, Okta, Micro Focus, and Centrify Corp are some of the leading industry players that have been subject to strategic profiling in the report.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

View Methodology
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