Global Market Size of Artificial Intelligence Market – 10 Year Market Forecast

ICT

Artificial Intelligence Market Size Forecast 2022-2029

Artificial intelligence is the capability of a machine to have human-like intelligence and be able to generate human-like behaviours such as analysing, making judgments and decisions etc. The global artificial intelligence market encompasses technologies such as natural language processing, machine learning, context-aware computing and computer vision. Over the study period, APAC is expected to be the largest market with the highest growth rate, followed by North America and Europe. The global artificial intelligence market size is anticipated to grow from USD 21.94 billion in 2022 to USD 29.01 billion by 2029, registering a CAGR of 4%. The cumulative market size is calculated to be USD 210 billion.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• The artificial intelligence sector and its changing market trends can be studied using Global Market Database. The market research and intelligence tool studies the shift in line with changing market trends.
• Which countries are considered in the APAC region?

• The report includes an analysis of Japan, South Korea, China, Russia, Malaysia, India and Singapore in the APAC region.
• Which are the major technologies adopting artificial intelligence?

• The major technologies adopting artificial intelligence are machine learning, natural language processing, context-aware computing and computer vision.
• How is the market segmented based on offering?

• Based on offering, the market is segmented into hardware, software and services.
• Which region substantially attributes to the market growth?

• The APAC region substantially attributes to the market growth.

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