Artificial Intelligence Market 2021 Global Industry Growth, Historical Analysis, Size, Trends, Demands, Key Players, Emerging Technologies and Potential of Industry Till 2030

In a recent published report, Kenneth Research has updated the market report for Artificial Intelligence Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Artificial Intelligence Market products.

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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

As per the latest report published by Variant Market Research, Global Artificial Intelligence is estimated to reach $43.2 Billion by 2024; growing at a CAGR of 59.8% from 2016 to 2024. Artificial intelligence (AI) is the concept and development of computer-systems able to perform tasks usually requiring human intelligence, for instance speech recognition, visual perception, decision making, and translation among languages. Arrival of new technologies, has shown a new era to the computer world. Due to this fact AI has come into existence which behaves more like a human mind. An intelligent computer or software controlled-robots think in the same manner a human being can. The areas such as computer science, mathematics, psychology, linguistics engineering, and biology are used to build an intelligent system. Their increasing application across different domains such as automotive, healthcare, manufacturing, media and advertising, retail and among others is fueling the artificial intelligence market growth globally.

The growth of global artificial intelligence market is mainly driven by factors such as rising demand for unmanned aerial vehicles, civil aviation for vehicle tracking, autonomous cars, and monitoring and auto control. Though, lack of low-cost & energy-efficient hardware which limits its adoption among small and medium businesses acts as the major hindrance for the market growth. Ongoing R&D, and acceptance of ITS (Intelligent tutoring systems) in the learning process are expected to generate numerous opportunities for the market in the given forecast timeframe.

The global artificial intelligence market is mainly segmented on the basis of technology, end use, and geography. On the basis of technology, the market is classified into deep learning, natural language processing, machine vision, and machine learning. End-user segment consists of healthcare, advertising & media, BFSI, automotive and transportation, law, retail, agriculture, manufacturing, and others.

Based on geography, global artificial intelligence market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consists of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, and Rest of Asia- Pacific, while RoW is bifurcated into South America, Middle East, and Africa.

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Some of the major players in the artificial intelligence market are Microsoft Corporation, Google Inc., MicroStrategy, Inc., IBM Corp., IPsoft, 24/7 Customer, Inc., Qlik Technologies Inc., Brighterion, Inc., Rocket Fuel Inc., and Next IT Corp., among others.

The key takeaways from the report
The report will provide detailed analysis of Global Artificial Intelligence Market with respect to major segments such as technology, end-use, and geography

The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024

Comprehensive analysis of market dynamics including factors and opportunities of the global Artificial Intelligence Market
An exhaustive regional analysis of Global Artificial Intelligence Market from 2015 to 2024 has been included in the report

Profile of the key players in the Global Artificial Intelligence Market, will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Artificial Intelligence Market
Technology Segments

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Deep Learning
Machine Learning
Natural Language Processing
Machine Vision
End-User Segments

Advertising & Media
Automotive & Transportation
Other End-Users
Geographical Segments

North America


Rest of Europe

South Korea
Rest of Asia-Pacific
Rest of the World

South America
Middle East

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