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Global Artificial Intelligence Market By Offering (Hardware, Services, Others), By Technology (Computer Vision, Natural Language Processing, Others), By End-Users (Healthcare, Retail, Others), By Region, Forecast & Opportunities to 2026

The global artificial intelligence market accounted for a value of USD 28.8 billion in 2019 is projected to register growth at a CAGR of 19.5% during forecast period.

COVID-19 has impacted the AI infrastructure market. The spending in global AI technology is expected to decline by the end of 2020. The artificial intelligence growth has slowed down due to reduced manufacturing capacity and slowdown of hardware supply. The solution and service providing businesses are estimated to showcase decline for a short time whereas the adoption of analytics, AI, security and collaboration. This market is expected to foresee growth in this ongoing pandemic.

Definition:

Artificial intelligence can be defined as intelligence demonstrated by machines unlike the intelligence displayed by humans or animals which involves emotionality. The strong AI is also called (Artificial General Intelligence).

Market Dynamics (Drivers/Opportunities):

Artificial intelligence technology has become a vital part of business organizations due to data availability from sources such as internet of things. The need to analyze the customer data obtained from CRM systems is increasing among organizations. The AI helps in product reviews and media comments in order to understand their customers at ground level. The demand for AI is increasing rapidly among companies and this drives growth in AI market during forecast period.

Digitization in manufacturing industry is increasing rapidly as it helps in increasing the capability to analyze access and manage large volumes of data while developing information architecture in the industry. This increases adoption and demand for AI in industries and this drives growth in AI market during forecast period.

Market Insights, by Offering

On the basis of offering, the AI market is segmented into hardware, services and software. The hardware segment is estimated to register growth at highest CAGR during forecast period. The need for hardware platform with high computing power in order to run different software is increasing around the world. The demand and adoption of AI hardware is rapidly increasing and this drives growth in hardware segment during forecast period.

Market Insights, by Technology

On the basis of Technology, the AI market is segmented into computer vision, context-aware computing, machine learning and natural language processing. The computer vision segment is estimated to hold largest market share during forecast period. The computer vision has wide range of adoption in semiautonomous or autonomous applications in various verticals such as automotive, manufacturing and others. The increase in adoption of computer vision technology drives growth in this segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to dominate the market during forecast period. The adoption of NLP, deep learning and machine learning technologies are increasing in this region. The numerous industries such as marketing, finance, agriculture and law is increasing. The countries such as Japan, China, Australia and India are widely adopting AI technologies. The ecommerce sector is immensely growing in this region along with the penetration of internet. The adoption of AI based solution in marketing sector is increasing in Asia-Pacific region. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in AI sector are Siemens, Intel, NVIDIA, Samsung Electronics, Xilinx, Micron Technology, IBM, Microsoft, Google, Amazon Web Services, Facebook, Baidu, Oracle, Salesforce, SAS, SAP, General Electric, Cisco and Rockwell.

Segments Covered in the Report

This report forecasts The Global AI Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global AI market report on the basis of offering, technology and end-users.

Artificial Intelligence Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Artificial Intelligence Market, By Offering, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Hardware
  • Services
  • Software
  1. Artificial Intelligence Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Computer Vision
  • Context-Aware Computing
  • Machine Learning
  • Natural Language Processing
  1. Artificial Intelligence Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Healthcare
  • Manufacturing
  • Automotive
  • Agriculture
  • Retail
  • Security
  • Human Resources
  • Marketing
  • Law
  • Fintech
  • Construction
  • Defense
  • Aerospace
  • Supply Chain
  • Building Automation
  • Consumer
  • Food & Beverage
  • Gaming
  • Media & Entertainment
  • Oil & gas
  • Telecommunication
  1. Artificial Intelligence Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Offering
    • By Technology
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Offering
      • By Technology
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Offering
        • By Technology
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Offering
          • By Technology
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Offering
            • By Technology
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Cisco
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Siemens
    • Intel
    • NVIDIA
    • Samsung Electronics
    • Xilinx
    • Micron Technology
    • IBM
    • Microsoft
    • Google
    • Amazon Web Services
    • Facebook
    • Baidu
    • Oracle
    • Salesforce
    • SAS
    • SAP
    • General Electric
    • Rockwell
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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