Artificial Intelligence Market was valued at US$ 92.8 Bn. in 2021 and the total Artificial Intelligence revenue is expected to grow at 25.4% from 2022 to 2029, reaching nearly US$ 567.45 Bn.



Artificial Intelligence Market Overview:

The Artificial Intelligence market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry's leading competitors. The scope of the research includes a full assessment of the Artificial Intelligence Market, as well as the reasons for variations in the industry's growth across a number of sectors.

Market Scope:

To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.

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Segmentation:

The adoption of new technology and artificial intelligence (AI) helps innovation in industrial production. In this setting, two criteria are critical for success. The first is the requirement for highly motivated and qualified personnel who have learnt to work effectively with AI. The second requirement is for a supportive environment that, in addition to supporting safe and organised usage of AI, promotes its adoption at both the national and international levels. In the not-too-distant future, AI is likely to be a significant driver of enterprise competitiveness. The ability to exploit AI technology is expected to be one of the primary defining features of competitive advantage across all major sectors. While the strategy changes depending on the size and industry of the business, management teams who do not focus on leading in AI and profiting from the consequent product innovation, labour efficiency, and capital leverage risk falling behind.

A bottom-up approach has been used to estimate the market size. Key Players in the Artificial Intelligence market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included a review of annual and financial reports of leading manufacturers, while primary research included interviews with important opinion leaders and industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. Some of the leading key players in the global Artificial Intelligence market include Advanced Micro Devices, AiCure, Arm Limited and Atomwise, Inc. They are continuously strategizing on mergers and acquisitions, strategic alliances, joint ventures and partnerships for the growth of their market shares.



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Key Players:

Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.

The biggest players in the Artificial Intelligence market are as follows:

• Atomwise, Inc.
• Ayasdi AI LLC
• Baidu, Inc.
• Clarifai, Inc
• Cyrcadia Health
• Enlitic, Inc.
• Google LLC
• H2O.ai.
• HyperVerge, Inc.
• International Business Machines Corporation
• Intel Corporation
• Iris.ai AS.
• Lifegraph
• Microsoft
• NVIDIA Corporation
• Sensely, Inc.

Regional Analysis:

Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Artificial Intelligence market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on Artificial Intelligence Market:

End-user industries where Artificial Intelligence are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Artificial Intelligence manufacturers, affecting the Artificial Intelligence market's growth in 2020. End-user business demand for Artificial Intelligence has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.

Key Questions Answered in the Artificial Intelligence Market Report are:

In 2021, which segment accounted for the most share of the Artificial Intelligence market?
What is the competitive landscape of the Artificial Intelligence market?
What are the key factors influencing Artificial Intelligence market growth?
In the Artificial Intelligence market, which region has the most market share?
What will be the CAGR of the Artificial Intelligence market during the forecast period (2022-2027)?