Artificial intelligence (AI) market: growth rate of 19.84% in 2021 | By end user (retail, banking, manufacturing, healthcare and other) and geography

Artificial Intelligence (AI) Market Facts at a Glance-

  • Total Pages: 120
  • Companies: 10+ – Including Alphabet Inc., CognitiveScale, Intel Corp., International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., NVIDIA Corp., Oracle Corp., Tesla Inc., and Wipro Ltd., among others
  • Blanket: Main Drivers, Trends and Challenges; Product information and news; Value chain analysis; Parent market analysis; Landscape of vendors; COVID Impact and Recovery Analysis
  • segments: End user (retail, banking, manufacturing, healthcare and others)
  • Geographies: North America (United States), Europe (GermanyUK and France), APAC (China), South Americaand MEA

Overview of Suppliers-

The Artificial Intelligence (AI) market is fragmented and vendors are deploying organic and inorganic growth strategies to compete in the market.

  • Alphabet Inc.- The company offers Cloud AutoML, Tensorflow Enterprise and other products.
  • CognitiveScale- The company offers Cortex AI. These are AI-powered multi-channel healthcare and financial services applications that help businesses reduce operating costs.
  • Intel Corp.- The company offers an AI Analytics toolkit. It provides a comprehensive set of Python libraries and frameworks optimized for optimizing end-to-end data pipelines. It also offers other products.

Find additional highlights on vendors and their product offerings. Download a free sample report

Regional Market Outlook

56% of market growth will come from North America during the forecast period. The United States is the key market for artificial intelligence (AI) in North America. Market growth in this region will be slower than market growth in other regions.

Heavy investments in R&D facilities for AI will facilitate the growth of the artificial intelligence (AI) market by North America over the forecast period.

Download our FREE sample report for more key highlights on the regional market share of most of the countries mentioned above.

Latest Market Drivers and Trends-

  • Artificial Intelligence (AI) Market Driver:
    • Growing need to prevent fraud and malicious attacks:

      Cybersecurity the industry has seen an increasing number of fraud and malicious attacks, ranging from the theft of personal data to important organizational information, in recent years. AI technology helps in detecting threats, recognizing patterns and reducing response time. It also helps against threats such as distributed denial of service (DDoS) attacks. Organizations must protect their internal data as well as that of users against these digital security threats. Network activity can be analyzed while comparing data samples using analytic algorithms. Prevention of fraud and malicious attacks is one of the market growth drivers over the forecast period.

  • Artificial Intelligence (AI) Market Trend:
    • Increase in cloud-based AI services:

      There is an increase in the demand for cloud-based Al products and services, as the adoption of Al technologies in the on-premises data center is expensive. The demand for cloud-based Al products and services is driving major public cloud players to leverage their technical expertise to offer different cloud-based Al products and services. Applications powered by Al are used in a wide variety of use cases including recommendation engines, price optimization, lead generation, chatbotsand supply chain optimization.

Find additional information on various other market drivers and trends mentioned in our Sample FREE Report.

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Scope of Artificial Intelligence (AI) Market

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 21%

Market Growth 2021-2025

$76.44 billion

Market structure

Fragmented

Annual growth (%)

19.84

Regional analysis

North America, Europe, APAC, South America and MEA

Successful market contribution

North America at 56%

Main consumer countries

United States, China, Germany, United Kingdom and France

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Alphabet Inc., CognitiveScale, Intel Corp., International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., NVIDIA Corp., Oracle Corp., Tesla Inc. and Wipro Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Customization overview

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Abstract

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Predictions for 2020 – 2025

Five forces analysis

  • Summary of the five forces
  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by end user

  • Market segments
  • Comparison by end user
  • Retail – Market size and forecast 2020-2025
  • Bank – Market size and forecast 2020-2025
  • Manufacturing – Market size and forecast 2020-2025
  • Healthcare – Market size and forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market opportunity by end user

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Overview
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Alphabet Inc.
  • CognitiveScale
  • Intel Corp.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Nuance Communications Inc.
  • NVIDIA Corp.
  • Oracle Corp.
  • Tesla Inc.
  • Wipro Ltd.

appendix

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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