Global Artificial Intelligence Market Analysis 2021

The Global Artificial Intelligence Market is expected to reach $391.75 billion by 2027 growing at a CAGR of 37.7% from 2020 to 2027. Artificial intelligence is defined as the engineering & science of making smart computer systems that can reveal intelligence related to humans (natural intelligence) & perform tasks directly without any human interference. Artificial Intelligence uses software & algorithms to imitate human perception to analyze difficult data as well as the relationship between devices & humans. The application of Artificial intelligence differs from advanced analytics & research to robotics. Factors such as the need to achieve robotic autonomy to stay competitive in a global market, growth of data-based AI, and advancement in deep learning are driving the growth of the market. However, the limited number of AI experts is restraining the growth of the market. Based on the type the narrow/weak (AI) segment is going to have a lucrative growth during the forecast period, due to the growing application of narrow AI techniques in devices such as Google Assistant, Siri, Alexa, and Cortana. Furthermore, the narrow AI is extensively used in face recognition tools, customer service bots, self-driving cars, recommendation systems, and spam filters having automated sorting to advance efficiency, cut costs and automate tasks. The key vendors mentioned are Alphabet Inc, Apple Inc, Baidu Inc, International Business Management Corporation, IPsoft Inc, Microsoft Corporation, MicroStrategy Incorporated, NVIDIA Corporation, Qlik Technologies Inc, Verint Systems Inc (Next IT Corporation), Pixatel, Quantum Adaptive Learning, Nuance Communications and Cognii. Types Covered: • Narrow / Weak AI • General / Strong AI Components Covered: • Hardware • Software • Services Systems Covered: • Artificial Neural Networks • Digital Assistant System • Automotive Robotics System • Embedded System • Intelligence Systems • Decision Support Processing • Hybrid Systems • Fuzzy Systems Deployments Covered: • On-Premises • Cloud Organizations Covered: • Large Enterprises • Small and Medium-Sized Enterprises (SMEs) Technologies Covered: • Robots And Language Processing • Cognitive Computing • Computer Vision • Context-Aware Computing • Gesture Control • Image Processing • Machine Learning • Natural Language Processing (NlP) • Speech Recognition Applications Covered: • Forecasts & Modelling • Predictive Maintenance • Speech Analytics • Text Analytics • Virtual Assistants/Chatbots End Users Covered: • Advertising & Media • Aerospace • Agriculture • Automotive • Banking, Financial Services and Insurance (BFSI) • Building Automation • Construction • Consumer • Energy and Utilities • Fintech • Food and Beverage • Gaming • Government and Defense • Healthcare and Life Sciences • Human Resource • Law • Manufacturing • Marketing and Sales • Media and Entertainment • Oil and Gas • Retail and eCommerce • Security • Supply Chain • Telecommunication and Information Technology Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2019 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period

1 Market Synopsis

2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources

3 Market Dynamics
3.1 Drivers
3.2 Restraints

4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Artificial Intelligence Market, By Type
5.1 Introduction
5.2 Narrow / Weak AI
5.3 General / Strong AI

6 Global Artificial Intelligence Market, By Component
6.1 Introduction
6.2 Hardware
6.3 Software
6.4 Services

7 Global Artificial Intelligence Market, By System
7.1 Introduction
7.2 Artificial Neural Networks
7.3 Digital Assistant System
7.4 Automotive Robotics System
7.5 Embedded System
7.6 Intelligence Systems
7.7 Decision Support Processing
7.8 Hybrid Systems
7.9 Fuzzy Systems

8 Global Artificial Intelligence Market, By Deployment
8.1 Introduction
8.2 On-Premises
8.3 Cloud

9 Global Artificial Intelligence Market, By Organization Size
9.1 Introduction
9.2 Large Enterprises
9.3 Small and Medium-Sized Enterprises (SMEs)

10 Global Artificial Intelligence Market, By Technology
10.1 Introduction
10.2 Robots And Language Processing
10.3 Cognitive Computing
10.4 Computer Vision
10.5 Context-Aware Computing
10.6 Gesture Control
10.7 Image Processing
10.8 Machine Learning
10.9 Natural Language Processing (NlP)
10.10 Speech Recognition

11 Global Artificial Intelligence Market, By Application
11.1 Introduction
11.2 Forecasts & Modelling
11.3 Predictive Maintenance
11.4 Speech Analytics
11.5 Text Analytics
11.6 Virtual Assistants/Chatbots

12 Global Artificial Intelligence Market, By End User
12.1 Introduction
12.2 Advertising & Media
12.3 Aerospace
12.4 Agriculture
12.5 Automotive
12.6 Banking, Financial Services and Insurance (BFSI)
12.7 Building Automation
12.8 Construction
12.9 Consumer
12.10 Energy and Utilities
12.11 Fintech
12.12 Food and Beverage
12.13 Gaming
12.14 Government and Defense
12.15 Healthcare and Life Sciences
12.16 Human Resource
12.17 Law
12.18 Manufacturing
12.19 Marketing and Sales
12.20 Media and Entertainment
12.21 Oil and Gas
12.22 Retail and eCommerce
12.23 Security
12.24 Supply Chain
12.25 Telecommunication and Information Technology

13 Global Artificial Intelligence Market, By Geography
13.1 Introduction
13.2 North America
13.3 Europe
13.4 Asia Pacific
13.5 South America
13.6 Middle East & Africa

14 Strategic Benchmarking

15 Vendors Landscape
15.1 Alphabet Inc
15.2 Apple Inc
15.3 Baidu Inc
15.4 International Business Management Corporation
15.5 IPsoft Inc
15.6 Microsoft Corporation
15.7 MicroStrategy Incorporated
15.8 NVIDIA Corporation
15.9 Qlik Technologies Inc
15.10 Verint Systems Inc (Next IT Corporation)
15.11 Pixatel
15.12 Quantum Adaptive Learning
15.13 Nuance Communications
15.14 Cognii

List of Data Tables
1 Global Artificial Intelligence Market Outlook, By Region (2019-2027) ($MN)
2 Global Artificial Intelligence Market Outlook, By Type (2019-2027) ($MN)
3 Global Artificial Intelligence Market Outlook, By Narrow / Weak AI (2019-2027) ($MN)
4 Global Artificial Intelligence Market Outlook, By General / Strong AI (2019-2027) ($MN)
5 Global Artificial Intelligence Market Outlook, By Component (2019-2027) ($MN)
6 Global Artificial Intelligence Market Outlook, By Hardware (2019-2027) ($MN)
7 Global Artificial Intelligence Market Outlook, By Software (2019-2027) ($MN)
8 Global Artificial Intelligence Market Outlook, By Services (2019-2027) ($MN)
9 Global Artificial Intelligence Market Outlook, By System (2019-2027) ($MN)
10 Global Artificial Intelligence Market Outlook, By Artificial Neural Networks (2019-2027) ($MN)
11 Global Artificial Intelligence Market Outlook, By Digital Assistant System (2019-2027) ($MN)
12 Global Artificial Intelligence Market Outlook, By Automotive Robotics System (2019-2027) ($MN)
13 Global Artificial Intelligence Market Outlook, By Embedded System (2019-2027) ($MN)
14 Global Artificial Intelligence Market Outlook, By Intelligence Systems (2019-2027) ($MN)
15 Global Artificial Intelligence Market Outlook, By Decision Support Processing (2019-2027) ($MN)
16 Global Artificial Intelligence Market Outlook, By Hybrid Systems (2019-2027) ($MN)
17 Global Artificial Intelligence Market Outlook, By Fuzzy Systems (2019-2027) ($MN)
18 Global Artificial Intelligence Market Outlook, By Deployment (2019-2027) ($MN)
19 Global Artificial Intelligence Market Outlook, By On-Premises (2019-2027) ($MN)
20 Global Artificial Intelligence Market Outlook, By Cloud (2019-2027) ($MN)
21 Global Artificial Intelligence Market Outlook, By Organization Size (2019-2027) ($MN)
22 Global Artificial Intelligence Market Outlook, By Large Enterprises (2019-2027) ($MN)
23 Global Artificial Intelligence Market Outlook, By Small and Medium-Sized Enterprises (SMEs) (2019-2027) ($MN)
24 Global Artificial Intelligence Market Outlook, By Technology (2019-2027) ($MN)
25 Global Artificial Intelligence Market Outlook, By Robots And Language Processing (2019-2027) ($MN)
26 Global Artificial Intelligence Market Outlook, By Cognitive Computing (2019-2027) ($MN)
27 Global Artificial Intelligence Market Outlook, By Computer Vision (2019-2027) ($MN)
28 Global Artificial Intelligence Market Outlook, By Context-Aware Computing (2019-2027) ($MN)
29 Global Artificial Intelligence Market Outlook, By Gesture Control (2019-2027) ($MN)
30 Global Artificial Intelligence Market Outlook, By Image Processing (2019-2027) ($MN)
31 Global Artificial Intelligence Market Outlook, By Machine Learning (2019-2027) ($MN)
32 Global Artificial Intelligence Market Outlook, By Natural Language Processing (NlP) (2019-2027) ($MN)
33 Global Artificial Intelligence Market Outlook, By Speech Recognition (2019-2027) ($MN)
34 Global Artificial Intelligence Market Outlook, By Application (2019-2027) ($MN)
35 Global Artificial Intelligence Market Outlook, By Forecasts & Modelling (2019-2027) ($MN)
36 Global Artificial Intelligence Market Outlook, By Predictive Maintenance (2019-2027) ($MN)
37 Global Artificial Intelligence Market Outlook, By Speech Analytics (2019-2027) ($MN)
38 Global Artificial Intelligence Market Outlook, By Text Analytics (2019-2027) ($MN)
39 Global Artificial Intelligence Market Outlook, By Virtual Assistants/Chatbots (2019-2027) ($MN)
40 Global Artificial Intelligence Market Outlook, By End User (2019-2027) ($MN)
41 Global Artificial Intelligence Market Outlook, By Advertising & Media (2019-2027) ($MN)
42 Global Artificial Intelligence Market Outlook, By Aerospace (2019-2027) ($MN)
43 Global Artificial Intelligence Market Outlook, By Agriculture (2019-2027) ($MN)
44 Global Artificial Intelligence Market Outlook, By Automotive (2019-2027) ($MN)
45 Global Artificial Intelligence Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2019-2027) ($MN)
46 Global Artificial Intelligence Market Outlook, By Building Automation (2019-2027) ($MN)
47 Global Artificial Intelligence Market Outlook, By Construction (2019-2027) ($MN)
48 Global Artificial Intelligence Market Outlook, By Consumer (2019-2027) ($MN)
49 Global Artificial Intelligence Market Outlook, By Energy and Utilities (2019-2027) ($MN)
50 Global Artificial Intelligence Market Outlook, By Fintech (2019-2027) ($MN)
51 Global Artificial Intelligence Market Outlook, By Food and Beverage (2019-2027) ($MN)
52 Global Artificial Intelligence Market Outlook, By Gaming (2019-2027) ($MN)
53 Global Artificial Intelligence Market Outlook, By Government and Defense (2019-2027) ($MN)
54 Global Artificial Intelligence Market Outlook, By Healthcare and Life Sciences (2019-2027) ($MN)
55 Global Artificial Intelligence Market Outlook, By Human Resource (2019-2027) ($MN)
56 Global Artificial Intelligence Market Outlook, By Law (2019-2027) ($MN)
57 Global Artificial Intelligence Market Outlook, By Manufacturing (2019-2027) ($MN)
58 Global Artificial Intelligence Market Outlook, By Marketing and Sales (2019-2027) ($MN)
59 Global Artificial Intelligence Market Outlook, By Media and Entertainment (2019-2027) ($MN)
60 Global Artificial Intelligence Market Outlook, By Oil and Gas (2019-2027) ($MN)
61 Global Artificial Intelligence Market Outlook, By Retail and eCommerce (2019-2027) ($MN)
62 Global Artificial Intelligence Market Outlook, By Security (2019-2027) ($MN)
63 Global Artificial Intelligence Market Outlook, By Supply Chain (2019-2027) ($MN)
64 Global Artificial Intelligence Market Outlook, By Telecommunication and Information Technology (2019-2027) ($MN)
65 North America Artificial Intelligence Market Outlook, By Type (2019-2027) ($MN)
66 North America Artificial Intelligence Market Outlook, By Component (2019-2027) ($MN)
67 North America Artificial Intelligence Market Outlook, By System (2019-2027) ($MN)
68 North America Artificial Intelligence Market Outlook, By Deployment (2019-2027) ($MN)
69 North America Artificial Intelligence Market Outlook, By Organization Size (2019-2027) ($MN)
70 North America Artificial Intelligence Market Outlook, By Technology (2019-2027) ($MN)
71 North America Artificial Intelligence Market Outlook, By Application (2019-2027) ($MN)
72 North America Artificial Intelligence Market Outlook, By End User (2019-2027) ($MN)
73 Europe Artificial Intelligence Market Outlook, By Type (2019-2027) ($MN)
74 Europe Artificial Intelligence Market Outlook, By Component (2019-2027) ($MN)
75 Europe Artificial Intelligence Market Outlook, By System (2019-2027) ($MN)
76 Europe Artificial Intelligence Market Outlook, By Deployment (2019-2027) ($MN)
77 Europe Artificial Intelligence Market Outlook, By Organization Size (2019-2027) ($MN)
78 Europe Artificial Intelligence Market Outlook, By Technology (2019-2027) ($MN)
79 Europe Artificial Intelligence Market Outlook, By Application (2019-2027) ($MN)
80 Europe Artificial Intelligence Market Outlook, By End User (2019-2027) ($MN)
81 Asia Pacific Artificial Intelligence Market Outlook, By Type (2019-2027) ($MN)
82 Asia Pacific Artificial Intelligence Market Outlook, By Component (2019-2027) ($MN)
83 Asia Pacific Artificial Intelligence Market Outlook, By System (2019-2027) ($MN)
84 Asia Pacific Artificial Intelligence Market Outlook, By Deployment (2019-2027) ($MN)
85 Asia Pacific Artificial Intelligence Market Outlook, By Organization Size (2019-2027) ($MN)
86 Asia Pacific Artificial Intelligence Market Outlook, By Technology (2019-2027) ($MN)
87 Asia Pacific Artificial Intelligence Market Outlook, By Application (2019-2027) ($MN)
88 Asia Pacific Artificial Intelligence Market Outlook, By End User (2019-2027) ($MN)
89 South America Artificial Intelligence Market Outlook, By Type (2019-2027) ($MN)
90 South America Artificial Intelligence Market Outlook, By Component (2019-2027) ($MN)
91 South America Artificial Intelligence Market Outlook, By System (2019-2027) ($MN)
92 South America Artificial Intelligence Market Outlook, By Deployment (2019-2027) ($MN)
93 South America Artificial Intelligence Market Outlook, By Organization Size (2019-2027) ($MN)
94 South America Artificial Intelligence Market Outlook, By Technology (2019-2027) ($MN)
95 South America Artificial Intelligence Market Outlook, By Application (2019-2027) ($MN)
96 South America Artificial Intelligence Market Outlook, By End User (2019-2027) ($MN)
97 Middle East & Africa Artificial Intelligence Market Outlook, By Type (2019-2027) ($MN)
98 Middle East & Africa Artificial Intelligence Market Outlook, By Component (2019-2027) ($MN)
99 Middle East & Africa Artificial Intelligence Market Outlook, By System (2019-2027) ($MN)
100 Middle East & Africa Artificial Intelligence Market Outlook, By Deployment (2019-2027) ($MN)
101 Middle East & Africa Artificial Intelligence Market Outlook, By Organization Size (2019-2027) ($MN)
102 Middle East & Africa Artificial Intelligence Market Outlook, By Technology (2019-2027) ($MN)
103 Middle East & Africa Artificial Intelligence Market Outlook, By Application (2019-2027) ($MN)
104 Middle East & Africa Artificial Intelligence Market Outlook, By End User (2019-2027) ($MN)