Artificial Intelligence Global Market Report 2022 – By Offering (Hardware, Software, Services), By Technology (Machine learning, Natural language processing, Context-Aware Computing, Computer Vision, Others (Image processing, Speech recognition)), By End-user Industry (Healthcare, Automotive, Agriculture, Retail, Marketing, Telecommunication, Defense, Aerospace, Media & Entertainment) – Market Size, Trends, And Global Forecast 2022-2026

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The artificial intelligence market consists of sales of the artificial intelligence software and related services. Artificial Intelligence (AI) sometimes referred to as machine intelligence. Artificial intelligence is a wide-ranging branch of computer science-related with building smart machines that can perform tasks that require human intelligence.

The main technology types of artificial intelligence are machine learning, natural language processing, context-aware computing, computer vision and others. Machine learning is an artificial intelligence (AI) program that allows systems to automatically learn and improve from experience without being explicitly programmed. The AI technology is offered through hardware, software and services that are used by healthcare, automotive, agriculture, retail, marketing, telecommunication, defense, aerospace, media and entertainment and other end use industries.

The global artificial intelligence market size is expected grow from $44.51 billion in 2021 to $56.89 billion in 2022 at a compound annual growth rate (CAGR) of 27.8%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The AI market is expected to reach $142.17 billion in 2026 at a CAGR of 25.7%.

Growing investment in AI technologies contributed to the growth of the artificial intelligence market. Many companies are investing in AI technologies or AI start-ups to increase the efficiency of AI software as AI enables them make more informed decisions and achieve better results. For instance, Microsoft has invested around $1 billion in OpenAI a San Francisco company. The two companies had formed a partnership to develop AI supercomputing technologies on Microsoft's cloud Azure. AI is useful across multiple sectors. For instance, AI can lead to breakthroughs in R&D and diagnostics in healthcare sector, it can help make better forecasts in finance, and in manufacturing, it can increase production controls and efficiency. Therefore, rise in investment in AI technologies due to its advantages in every sector is driving the market for the Artificial Intelligence market.

The limited number of AI Experts is a major challenge in the artificial intelligence market. To develop the AI software the company needs AI experts, practitioners, and researchers. According to the Tencent, a Chinese multinational technology conglomerate holding company, there are 300k AI researchers and practitioners worldwide but the market demand is around millions of roles. The limited number of AI experts may harm the artificial intelligence market.

Automated machine learning is being implemented by many companies. It is quite complicated to apply traditional machine learning models for real-world business problems. The better solution is to use Automated machine learning which allows non-machine learning (ML) experts to use machine learning algorithms without being machine learning wizards. For instance, tools like Google cloud AutoML are used to train custom made and high-quality ML models with a minimum ML expertise.

In January 2020, Apple acquired a Seattle based start-up xnor.ai for a deal amount of $200 million. The acquisition is expected to strengthen in delivering AI capabilities. Xnor.ai is the listed in 2019 Forbes AI 50: America's most promising artificial intelligence companies.

Major players in the artificial intelligence market are Google, IBM, Baidu, Microsoft, Apple Inc., Ipsoft, NVIDIA corporation, Samsung Electronics Co.Ltd, MicroStrategy Inc., Qlik Technologies Inc, Verint Systems Inc (Next IT Corp), Qualcomm Technologies, Micron Technology, Xilinx Inc, Intel corporation, ARM Holding, Advanced Micro Devices Inc, Huawei Technologies Co.Ltd, SAP, Intel, Salesforce, Brighterion, KITT.AI, IFlyTek, Megvii Technology, Albert Technologies, H2O.ai, Brainasoft and Yseop.

Asia Pacific was the largest region in the artificial intelligence market in 2021. North America was the second largest region in the artificial intelligence market. The regions covered in the artificial intelligence market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the artificial intelligence market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The global artificial intelligence market is segmented -

1) By Offering: Hardware, Software, Services

2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Others (Image Processing, Speech Recognition)

3) By End-User Industry: Healthcare, Automotive, Agriculture, Retail, Marketing, Telecommunication, Defense, Aerospace, Media and Entertainment, Others

    Table Of Contents

    1. Executive Summary

    2. Artificial Intelligence Market Characteristics

    3. Artificial Intelligence Market Trends And Strategies

    4. Impact Of COVID-19 On Artificial Intelligence

    5. Artificial Intelligence Market Size And Growth

    5.1. Global Artificial Intelligence Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Artificial Intelligence Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Artificial Intelligence Market Segmentation

    6.1. Global Artificial Intelligence Market, Segmentation  By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Hardware

    Software

    Services

    6.2. Global Artificial Intelligence Market, Segmentation  By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

     Machine learning

    Natural language processing

    Context-Aware Computing

    Computer Vision

    Others (Image processing, Speech recognition

    6.3. Global Artificial Intelligence Market, Segmentation 0, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7. Artificial Intelligence Market Regional And Country Analysis

    7.1. Global Artificial Intelligence Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Artificial Intelligence Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Artificial Intelligence Market  

    8.1. Asia-Pacific Artificial Intelligence Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8.3. Asia-Pacific Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Artificial Intelligence Market  

    9.1. China Artificial Intelligence Market Overview  

    9.2. China Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    9.3. China Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Artificial Intelligence Market  

    10.1. India Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    10.2. India Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Artificial Intelligence Market  

    11.1. Japan Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11.2. Japan Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Artificial Intelligence Market  

    12.1. Australia Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12.2. Australia Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Artificial Intelligence Market  

    13.1. Indonesia Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13.2. Indonesia Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Artificial Intelligence Market  

    14.1. South Korea Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14.2. South Korea Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Artificial Intelligence Market  

    15.1. Western Europe Artificial Intelligence Market Overview

    15.2. Western Europe Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15.3. Western Europe Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Artificial Intelligence Market  

    16.1. UK Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16.2. UK Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Artificial Intelligence Market  

    17.1. Germany Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17.2. Germany Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Artificial Intelligence Market  

    18.4. France Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18.5. France Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Artificial Intelligence Market  

    19.1. Eastern Europe Artificial Intelligence Market Overview

    19.2. Eastern Europe Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19.3. Eastern Europe Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Artificial Intelligence Market  

    20.1. Russia Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20.2. Russia Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Artificial Intelligence Market  

    21.1. North America Artificial Intelligence Market Overview

    21.2. North America Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21.3. North America Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Artificial Intelligence Market  

    22.1. USA Artificial Intelligence Market Overview

    22.2. USA Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22.3. USA Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Artificial Intelligence Market  

    23.1. South America Artificial Intelligence Market Overview

    23.2. South America Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23.3. South America Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Artificial Intelligence Market  

    24.1. Brazil Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24.2. Brazil Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Artificial Intelligence Market  

    25.1. Middle East Artificial Intelligence Market Overview

    25.2. Middle East Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25.3. Middle East Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Artificial Intelligence Market  

    26.1. Africa Artificial Intelligence Market Overview

    26.2. Africa Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26.3. Africa Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Artificial Intelligence Market Competitive Landscape And Company Profiles

    27.1. Artificial Intelligence Market Competitive Landscape

    27.2. Artificial Intelligence Market Company Profiles

    27.2.1. Google

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. IBM

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Baidu

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Microsoft

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Apple Inc.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Artificial Intelligence Market

    29. Artificial Intelligence Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Artificial Intelligence Market, Segmentation  By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Artificial Intelligence Market, Segmentation  By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Artificial Intelligence Market, Segmentation 0, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Artificial Intelligence Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Artificial Intelligence Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: China, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: China, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: India, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: India, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: Japan, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Japan, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Australia, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Australia, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Indonesia, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Indonesia, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: South Korea, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: South Korea, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: Western Europe, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: Western Europe, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: UK, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: UK, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Germany, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Germany, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: France, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 29: France, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 30: Eastern Europe, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 31: Eastern Europe, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 32: Russia, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 33: Russia, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 34: North America, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 35: North America, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 36: USA, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 37: USA, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 38: South America, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 39: South America, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 40: Brazil, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 41: Brazil, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 42: Middle East, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 43: Middle East, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 44: Africa, Artificial Intelligence Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 45: Africa, Artificial Intelligence Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 46: Google Financial Performance
  • Table 47: IBM Financial Performance
  • Table 48: Baidu Financial Performance
  • Table 49: Microsoft Financial Performance
  • Table 50: Apple Inc. Financial Performance

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