Artificial Intelligence Market Set to Surge, Projected to Reach US$293.56 Billion by 2030 at a CAGR of 21.3%, According to Polaris Market Research

Report Overview

Polaris Market Research announces the release of a new report titled Artificial Intelligence Market 2023-2032. The research report conducts an in-depth market study to provide a comprehensive analysis of the current state and future potential of the Artificial Intelligence Market. It covers several aspects, including industry size, key players, growth drivers, key opportunities, and challenges. Besides, market segmentation, competitive landscape, and regional analysis are detailed in the report.

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The research study aims to assist stakeholders, investors, and businesses in making more informed decisions and formulating effective strategies to stay ahead of the curve. In addition, the impact of technological advancements, changing consumer preferences, and rising demand for innovative services on the market is covered. The report is a must-read for anyone currently involved or interested in the industry.

The Artificial Intelligence (AI) market is a dynamic landscape characterized by rapid advancements in machine learning, natural language processing, and computer vision. Industries worldwide leverage AI for automation, analytics, and enhanced decision-making.

“According to the research report published by Polaris Market Research, the global artificial intelligence market was valued at USD 51.50 billion in 2021 and is expected to reach USD 293.56 billion by 2030, to grow at a CAGR of 21.3% during the forecast period.”

Competitive Landscape

The research study analyzes the current competitive environment of the market by providing information regarding AI Market key players. The competitive landscape section covers several aspects of industry players, including their sales volume, market share, price, and gross margin. Additionally, important information about strategic developments such as mergers, acquisitions, and collaborations is provided in the report.

Some of The Top Key Players

• Advanced Micro Devices
• AiCure
• Arm Limited
• Atomwise Inc.
• Ayasdi AI LLC
• Baidu Inc.
• Clarifai
• Inc
• Cyrcadia Health
• Enlitic Inc.
• Google LLC
• H2O.ai.
• HyperVerge Inc.
• International Business Machines Corporation
• IBM Watson Health
• Intel Corporation
• Iris.ai AS.
• Lifegraph
• Microsoft
• NVIDIA Corporation
• Sensely
• Zebra Medical Vision

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Growth Drivers

Key trends: The report identifies and analyzes the key trends and drivers that are shaping the growth trajectory of the Artificial Intelligence Market.

Technological advancements: Advances in technology and their overall impact on the industry have been covered in the report.

Regulatory landscape: The research study provides an in-depth examination of the regulatory environment to help stakeholders seize opportunities and mitigate potential challenges.

The Artificial Intelligence (AI) market experiences robust growth driven by several key factors. Technological advancements, particularly in machine learning and deep learning, propel innovation. Increasing demand for automation across industries, the proliferation of big data, and the need for sophisticated data analytics contribute significantly to AI market expansion. Additionally, rising investments, a growing talent pool, and the integration of AI into diverse applications, from healthcare to autonomous vehicles, further fuel market growth. As businesses recognize the potential for efficiency gains and enhanced decision-making, the AI market remains at the forefront of transformative technologies.

Segmental Analysis

The Artificial Intelligence Market segmentation is primarily based on type, application, end use, and region. A comprehensive analysis of each of these segments is detailed in the report. Besides, the study sheds light on all the major sub-segments in the market. That way, stakeholders can better understand the needs of their customers and align their business strategies accordingly.

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Polaris Market Research has segmented the artificial intelligence market report based on solution, technology, end-use, and region.

Artificial Intelligence, Solution Outlook (Revenue - USD Billion)

• Hardware
• Software
• Services

Artificial Intelligence, Technology Outlook (Revenue - USD Billion)

• Deep Learning
• Machine Learning
• Natural Language Processing (NLP)
• Machine Vision

Artificial Intelligence, End-Use Outlook (Revenue - USD Billion)

• Healthcare
• Robot-Assisted Surgery
• Virtual Nursing Assistants
• Hospital Workflow Management
• Dosage Error Reduction
• Clinical Trial Participant Identifier
• Preliminary Diagnosis
• Automated Image Diagnosis
• BFSI
• Risk Assessment
• Financial Analysis/Research
• Investment/Portfolio Management
• Others
• Law
• Retail
• Advertising & Media
• Automotive & Transportation
• Agriculture
• Manufacturing
• Others

Key Highlights of the Report

• A descriptive analysis of the demand-supply gap and forecast in the global market.
• Bottom-up and top-down approaches for regional analysis.
• Covers a SWOT analysis of key players and the overall Artificial Intelligence Market.
• Includes both primary and secondary research methods to provide a thorough market understanding.
• Porter’s Five Forces model provides an in-depth examination of industry vendors, substitutes, and competition among industry players.
• Provides a detailed picture of the market by including value chain analysis.

The Report Answers Questions Such As

• What is the current size and projected value for the market?
• What are the key factors driving the Artificial Intelligence Market demand?
• Which is the leading segment in the industry?
• What are the potential attractive investment opportunities in the market?
• At what CAGR is the market projected to grow over the forecast period?
• Where will strategic developments take the Artificial Intelligence Market in the short to long term?

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