IBM was the leader in the global artificial intelligence (AI) market in 2018, with a market share amounting to *** percent. The AI market has grown steadily in the past years, with overall revenue reaching **** billion U.S. dollars in 2018. What is artificial intelligence?    A popular field of computer science, artificial intelligence refers to the creation of intelligent hardware or software able to replicate human behaviors such as learning and problem solving. The technology is increasingly becoming a part of people’s everyday lives: voice assistants such as the Apple Siri are widely used by today's smartphone owners. AI enables machines to complete different “human” tasks from driving automobiles to playing chess to detect tumors. AI spending growth drivers     The global artificial intelligence industry is forecast to grow rapidly in the next few years. This comes as a result of heavy investments from software and information technology companies: AI-focused startups have been gaining funding momentum, with the total funding for such startups increasing by nearly ******** in the last four years. A chunk of these startup companies is focusing on machine learning - a type of artificial intelligence technology that allows computers to learn without human assistance. AI applications and cloud services are also some of the main factors driving growth within the market.

Agentic AI Market is estimated to reach USD 196.6 billion By 2034, Riding on a Strong 43.8% CAGR throughout the forecast period.

The AI market share of the IT services industry in India reached **** percent in 2021. Artificial intelligence has been responsible for drastic changes in the technology sector where it can greatly improve productivity through process simplification and automation. It is also an integral part and one of the fundamental bases of Industry 4.0. In several developed countries, AI could potentially maximize labor productivity by more than ** percent in the next 15 years. AI application in India As India is a country with huge linguistic diversity, it imposes a great challenge to governments and companies when conducting business with people of different linguistic backgrounds. As a result, one of the first applications for AI in India is in the field of customer service. The Indian government has increased public investment to promote the Digital India initiative in the fields of AI, IoT, big data, machine learning, and robotics. Challenges of AI adoption in India However, there are several obstacles India faces in the process of AI adoption. India has a comparatively small number of scientists and researchers in the field of machine learning and artificial intelligence. It also lacks sufficient qualified specialists to localize and implement the latest technologies in the field. However, the Ministry of Electronics and Information Technology, along with various industrial bodies have introduced several programs of personnel training and technical infrastructure building to lay the foundation for future AI development in India.

Continuously updated global ranking of the world’s largest publicly traded AI companies by market capitalization (USD) as displayed on Capital.com. The table lists each company’s rank, market cap in USD, latest share price and primary listing country; rankings reflect reported market caps as of the stated date and are updated over time.

The AI Market Report Segments the Industry Into by Component (Hardware, Software, and Services), Deployment Mode (Public Cloud, On-Premise, and Hybrid), Technology (Machine Learning, Deep Learning, Natural Language Processing, Computer Vision, Generative AI, and Context-Aware Computing and Others), End-User Industry (BFSI, IT and Telecommunications, Healthcare and Life Sciences, Manufacturing, and More), and Geography.

The Generative AI Marketsize was valued at USD 43.87 USD Billion in 2023 and is projected to reach USD 453.28 USD Billion by 2032, exhibiting a CAGR of 39.6 % during the forecast period. Recent developments include: June 2023: Salesforce launched two generative artificial intelligence (AI) products for commerce experience and customized consumers –Commerce GPT and Marketing GPT. The Marketing GPT model leverages data from Salesforce's real-time data cloud platform to generate more innovative audience segments, personalized emails, and marketing strategies., June 2023: Accenture and Microsoft are teaming up to help companies primarily transform their businesses by harnessing the power of generative AI accelerated by the cloud. It helps customers find the right way to build and extend technology in their business responsibly., May 2023: SAP SE partnered with Microsoft to help customers solve their fundamental business challenges with the latest enterprise-ready innovations. This integration will enable new experiences to improve how businesses attract, retain and qualify their employees. , April 2023: Amazon Web Services, Inc. launched a global generative AI accelerator for startups. The company’s Generative AI Accelerator offers access to impactful AI tools and models, machine learning stack optimization, customized go-to-market strategies, and more., March 2023: Adobe and NVIDIA have partnered to join the growth of generative AI and additional advanced creative workflows. Adobe and NVIDIA will innovate advanced AI models with new generations aiming at tight integration into the applications that significant developers and marketers use. . Key drivers for this market are: Growing Necessity to Create a Virtual World in the Metaverse to Drive the Market. Potential restraints include: Risks Related to Data Breaches and Sensitive Information to Hinder Market Growth . Notable trends are: Rising Awareness about Conversational AI to Transform the Market Outlook .

In 2023, ChatGPT was the artificial intelligence (AI) tool that had the largest market share worldwide, eclipsing all other AI tools with a total of **** percent of the market. Far behind, in second place, was Character.AI with about ** percent of the market share.

AI Platform Market is Segmented by Component (Software and Services), Deployment (Cloud and On-Premises), End-User Enterprise Size (Large Enterprises and Small and Medium Enterprises), Application (Natural Language Processing (NLP), Computer Vision, and More), End-Use Industry (BFSI, Healthcare and Life Sciences, and More), and by Geography. The Market Forecasts are Provided in Terms of Value (USD).

By 2034, the AI Market is expected to reach a valuation of USD 10,173.0 billion, expanding at a healthy CAGR of 38.5%.

During the third quarter of 2024, ChatGPT had a download market share of 45 percent in the United States, compared to the 11 percent download share of Google Gemini in the same period. In India, Google Gemini was the preferred generative AI app to download, with a market share of over 50 percent. In Brazil, around four in 10 generative AI apps downloaded were other AI chatbots, such as the lesser known ChatOn and ChatBox.

The generative AI market boosts from USD 14.59 billion in 2024 to reach game-changing USD 283.37 billion by 2034, exploding at an incredible CAGR of 34.6% with revolutionary creative capabilities.

The global AI training dataset market size is projected to grow from USD 2.81 billion in 2025 to USD 12.75 billion by 2033, exhibiting a CAGR of 20.8%.
Report Scope:

The Explainable AI Market Report is Segmented by Offering (Solutions and Services), Deployment (Cloud and On-Premises), End-User Industry (BFSI, Healthcare, Manufacturing, Retail, IT and Telecommunication, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Enterprise Artificial Intelligence Market size is growing with CAGR of 34.1% in the prediction period & crosses USD 224.59 Bn by 2032 from USD 28.8 Bn in 2025

In late 2022, the generative AI wave surged into the mainstream, but it wasn’t until Claude arrived that many users felt truly seen by a machine. Whether you were a student seeking clarity, a developer asking for structured code, or a business professional testing enterprise integration, Claude offered a human-like...

The multimodal AI market size is predicted to rise from $2.36 billion in 2024 to $93.99 billion by 2035, growing at a CAGR of 39.81% from 2024 to 2035.

The AI Platform Market is estimated to be valued at USD 24.0 billion in 2025 and is projected to reach USD 165.6 billion by 2035, registering a compound annual growth rate (CAGR) of 21.3% over the forecast period.

Adaptive AI Market is Segmented by Component (Platform, Services), Deployment Model (Cloud, On-Premises, Hybrid/Edge), End-User Industry (BFSI, Retail and E-Commerce, and More), Application (Real-Time Analytics, Personalized Recommendations, and More), Technology (Machine Learning, and More), and by Geography. The Market Forecasts are Provided in Terms of Value (USD).

The Deepfake AI Market Report is Segmented by Offering (Software and Services), Technology (Generative Adversarial Networks, Transformer Models, Autoencoders, and More), Application (Media and Entertainment, Banking, Financial Services, and Insurance, Government and Defense, and More), Deployment Mode (Cloud and On-Premises), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

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The artificial intelligence (AI) market share in manufacturing industry is expected to increase by USD 7.87 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 28%.

This artificial intelligence (AI) market in manufacturing industry research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers artificial intelligence (AI) market in manufacturing industry segmentations by application (predictive maintenance and machine inspection, production planning, quality control, and others) and geography (APAC, North America, Europe, South America, and MEA). The artificial intelligence (AI) market in manufacturing industry report also offers information on several market vendors, including Alphabet inc., General Electric Co., intel Corp., Landing ai, Microsoft Corp., Oracle Corp., SAP SE, Siemens AG, international Business Machines Corp., and Amazon Web Services inc. among others.

What will the Artificial Intelligence (AI) Market Size in Manufacturing Industry be During the Forecast Period?

Download Report Sample to Unlock the Artificial Intelligence (AI) Market Size in Manufacturing Industry for the Forecast Period and Other Important Statistics

Significantly, many companies are already investing in the France artificial intelligence (AI) in manufacturing and supply chain activities.

Artificial Intelligence (AI) Market in Manufacturing Industry: Key Drivers, Trends, and Challenges

The demand for automation to improve productivity is notably driving the artificial intelligence (AI) market growth in manufacturing industry, although factors such as integration challenges may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the artificial intelligence (AI) industry in manufacturing. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This artificial intelligence (AI) market in manufacturing industry analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Artificial Intelligence (AI) Market Vendors in Manufacturing Industry?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

Alphabet inc.
General Electric Co.
intel Corp.
Landing ai
Microsoft Corp.
Oracle Corp.
SAP SE
Siemens AG
international Business Machines Corp.
Amazon Web Services inc.

This statistical study of the artificial intelligence (AI) market in manufacturing industry encompasses successful business strategies deployed by the key vendors. The artificial intelligence (AI) market in manufacturing industry is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

Alphabet Inc. - The company offers Artificial Intelligence (AI) to products and to new domains, and developing tools to ensure that everyone can access AI.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The artificial intelligence (AI) market in manufacturing industry forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Artificial Intelligence (AI) Market in Manufacturing Industry Value Chain Analysis

Our report provides extensive information on the value chain analysis for the artificial intelligence (AI) market in manufacturing industry, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Artificial Intelligence (AI) Market in Manufacturing industry?

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38% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the artificial intelligence (AI) market in manufacturing industry in APAC. Market growth in this region will be faster than the growth of the market in other regions. This market research report entails detailed informati