What Has Been the Growth of the Artificial Intelligence Systems Spending Market So Far?
The artificial intelligence systems spending market has seen considerable growth due to a variety of factors.
• The market size of artificial intelligence systems spending has experienced massive growth in the past few years. The market, which is poised to escalate from $174.16 billion in 2024 to $257.15 billion in 2025, predicts an impressive compound annual growth rate (CAGR) of 47.6%.
Factors contributing to this expansion during the historical period include enhanced computing ability, the emergence of cloud computing technology, raised awareness and education, regulatory and compliance obligations, and a surge in applications specific to various industries.
What Is the Forecasted Market Size and Growth Rate for The Artificial Intelligence Systems Spending Market Size In The Coming Years?
The artificial intelligence systems spending market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for expenditure on artificial intelligence systems is anticipated to experience significant growth in the upcoming years, expanding to $1225.92 billion in 2029 with an impressive compound annual growth rate (CAGR) of 47.8%.
This growth within the forecast period is due largely to the rapid expansion of data, independent systems and robotics, the incorporation of quantum computing, worldwide initiatives for digital transformation, and heightened usage of AI in the healthcare sector. Key trends within this period are expected to include the application of AI in edge computing, AI's use in cybersecurity, the integration of quantum computing and AI, personalized AI applications, and strategic partnerships.
What Factors Are Driving Growth In The Artificial Intelligence Systems Spending Market?
The anticipated surge in automation needs is poised to stimulate the expansion of the market for expenditure on artificial intelligence systems. Automation entails using technology and systems to execute tasks or processes with reduced human interference. Expenditure on artificial intelligence systems is employed for automation in order to handle monotonous, rule-governed tasks, typically found in back-office operations such as data entry, customer service, and finance processing. For instance, reports issued by Routine Automation, a computer system design operator based in Poland, displayed an increase in the adoption of automation for content management by marketers from 22% in 2021 to 29% in 2022, accompanied by a 48% use of automation. This growth in the need for automation is, thus, driving the expansion of the market for artificial intelligence systems expenditure.
What Are The Main Segments Of The Global Artificial Intelligence Systems Spending Market?
The artificial intelligence systems spending market covered in this report is segmented –
1) By Component: Software, Hardware, Service
2) By Technology: Natural Language Processing, Deep Learning, Artificial General Intelligence, Machine Vision, Artificial Super Intelligence, Machine Learning
3) By Application: Automated Threat Intelligence And Prevention Systems, Fraud Analysis And Investigation, Automated Customer Service, Other Applications
4) By Industry Type: Banking, Financial Services, And Insurance, Discrete And Process Manufacturing, Healthcare, Retail, Wholesale, Professional And Consumer, Service, Transportation, Media And Entertainment, Others Industries
Subsegments:
1) By Software: Machine Learning Software, Natural Language Processing Software, Computer Vision Software, AI Development Platforms, Robotic Process Automation (RPA) Software
2) By Hardware: Processors (CPUs, GPUs, TPUs), Servers, Storage Devices, Networking Equipment, Edge Devices
3) By Service: AI Consulting Services, System Integration Services, AI Support And Maintenance Services, Managed AI Services, Training And Education Services
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How Are Emerging Trends Reshaping The Dynamics Of The Artificial Intelligence Systems Spending Market?
Leading organizations in the artificial intelligence systems spending market, such as EY.ai, are centering their efforts on AI breakthroughs. This advanced AI platform's central goal is to propel business transformation by enabling assured decision-making. EY.ai combines human potential with AI to facilitate assured decision making and catalyze business transformation. Ernst & Young Global Limited, a UK-based professional service provider, introduced EY.ai in September 2023. This platform acts as a bridge, amalgamating human skills and artificial intelligence, leading to better decision-making and facilitating business overhauls. The platform utilizes EY's top-notch technology and AI skills across multiple fields like strategy, transactions, transformation, risk assurance, and tax. The EY.ai platform also promotes the integration of AI into proprietary EY technologies, enabling a range of promising partnerships with some of the globe's most inventive organizations.
Who Are the Key Players In The Artificial Intelligence Systems Spending Market?
Major companies operating in the artificial intelligence systems spending market report are:
• Alphabet Inc.
• Microsoft Corporation
• Alibaba Group Holding Limited
• Facebook Inc.
• Dell Technologies Inc.
• Tencent Holdings Limited
• Amazon Web Services
• Siemens AG
• General Electric (GE)
• Intel Corporation
• Accenture plc
• IBM Corporation
• Cisco Systems Inc.
• Oracle Corporation
• Qualcomm Incorporated
• SAP SE
• Hewlett Packard Enterprise (HPE)
• NVIDIA Corporation
• Salesforce.com
• Baidu Inc.
• Adobe Inc.
• Splunk Inc.
• PTC Inc.
• Palantir Technologies Inc.
• Informatica LLC
• Cloudera Inc.
What Is The Most Dominant Region In The Artificial Intelligence Systems Spending Market?
North America was the largest region in the artificial intelligence systems spending market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence systems spending market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
