The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Artificial Intelligence Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Artificial Intelligence Industry (2025-2030):
According to the latest report, The Artificial Intelligence Market size was valued at USD 214 Billion in 2024 and is projected to reach USD 863.79 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 32.19% during the forecast period, i.e., 2025-30. The report demonstrates the prominent factors propelling the exponential growth of the Artificial Intelligence industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2020-23
- Base Year: 2024
- Forecast Period: 2025-30
- CAGR – 32.19%
- Market Value in 2024: USD 214 Billion
- Market Value in 2030: USD 863.79 Billion
What are the major Driver the global Artificial Intelligence industry?
Accelerating Adoption of Hyper-Personalized AI Services by Customers – As industries are aware of the risks that AI holds, many new entrants across diverse sectors are using these solutions for business growth. Because of it, a rise in customer engagement with these technologies for a successful business in a competitive and dynamic environment is augmenting the demand for AI solutions, tailoring the overall market expansion through the forecast period. Since businesses can build hyper-personalized marketing strategies as per their needs, the provision of AI is increasing rapidly globally and driving the Artificial Intelligence Market through 2030.
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Artificial Intelligence Market Segmentation
The Artificial Intelligence Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Offering
- Hardware
- Software
- Services
- By Technology
- Machine Learning
- Natural Language Processing
- Context-Aware Computing
- Computer Vision
- By Deployment
- Cloud
- On-premises
- By Business Function
- Marketing and Sales
- Security
- Finance
- Law
- Human Resource
- Other
- By Organization Size
- Large enterprises
- Small and medium-sized enterprises (SMEs)
- By End User
- BFSI
- Retail
- Law
- Healthcare
- Advertising & Media
- Manufacturing
- Automotive and Transportation
- Others (IT/ITES, Telecommunication, etc.)
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Artificial Intelligence Market is expected to be dominated by North America by capturing the potential market share.
Explore further details about this research report – https://www.marknteladvisors.com/research-library/artificial-intelligence-market.html
Top Companies in the Artificial Intelligence Market
Intel Corporation, Microsoft, IBM, Google, Amazon Web Services, Baidu, Inc., NVIDIA Corporation, H2O.ai., Sensely, Inc., Enlitic, Inc., AiCure, Arm Limited, Clarifai, Inc., Cisco Systems Inc., Kyndryl Inc., Others
Global Artificial Intelligence Industry Recent Development:
In 2022, Salesforce and AT&T joined forces on a Connected Climate Initiative (CCI) to reduce greenhouse emissions by 1 gigaton by 2035. This collaboration enables AT&T to use Salesforce’s Net Zero Cloud to measure carbon footprints.
The 2022, Google announced that it had signed an agreement with the Central Dutch government for its public sector to take advantage of Google Workspace’s suite of tools & offerings. This agreement shall offer the Dutch government more flexibility & productivity and facilitate a new hybrid working environment.
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Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comprehensive comparisons of products and services.
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