The Report Covers Global Artificial Intelligence Industry Report, Overview, and the Market is Segmented by Components (Hardware and Software and Services), by End-User Industry (BFSI, Fashion and Retail, Healthcare and Life Sciences, Manufacturing, Automotive, Aerospace and Defense, Construction, and Other End Users), by Geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific), Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value in USD Billion for all the Above Segments.

The artificial intelligence market is estimated to grow from $273.6 billion currently to $5,267 billion by 2035, at a CAGR of 30.84% during the forecast period, till 2035.

The Artificial Intelligence Market size will exceed a valuation of USD 3,582.75 billion by 2034, to grow at a CAGR of 31.3% during the forecast period.

The global artificial intelligence market size was valued at USD 115.62 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 854.51 Billion by 2033, exhibiting a CAGR of 23.64% from 2025-2033. North America currently dominates the market, holding a market share of over 30.6% in 2024. The growth of the North American region is driven by technological innovation, robust infrastructure, strong governmental support, and increasing investment in research and development (R&D).

IMARC Group provides an analysis of the key trends in each segment of the global artificial intelligence market, along with forecast at the global, regional, and country levels from 2025-2033. The market has been categorized based on type, offering, technology, system, and end-use industry.

[219+ Pages Report] Global artificial intelligence market size & share projected a value of USD 299.64 Billionby 2026, and is growing at a CAGR value of 35.6% during 2021-2026.

Artificial Intelligence Market size was valued at USD 214 Billion in 2024 and is projected to reach USD 863.79 Billion by 2030. Along with A 32.19% CAGR.

Global Artificial Intelligence Market is estimated to reach at a Significant CAGR during the forecast period 2024-2031 | Datam Intelligence

Report Scope:

The market for artificial intelligence grew beyond 184 billion U.S. dollars in 2024, a considerable jump of nearly 50 billion compared to 2023. This staggering growth is expected to continue with the market racing past 826 billion U.S. dollars in 2030. AI demands data Data management remains the most difficult task of AI-related infrastructure. This challenge takes many forms for AI companies. Some require more specific data, while others have difficulty maintaining and organizing the data their enterprise already possesses. Large international bodies like the EU, the US, and China all have limitations on how much data can be stored outside their borders. Together these bodies pose significant challenges to data-hungry AI companies. AI could boost productivity growth Both in productivity and labor changes, the U.S. is likely to be heavily impacted by the adoption of AI. This impact need not be purely negative. Labor rotation, if handled correctly, can swiftly move workers to more productive and value-added industries rather than simple manual labor ones. In turn, these industry shifts will lead to a more productive economy. Indeed, AI could boost U.S. labor productivity growth over a 10-year period. This, of course, depends on a variety of factors, such as how powerful the next generation of AI is, the difficulty of tasks it will be able to perform, and the number of workers displaced.

The Saudi Arabia Big Data and Artificial Intelligence Market Report is Segmented by Solutions (Hardware, Software, Service), Organization Size (SMEs, Large Enterprises), and End User (IT and Telecom, Retail, Public and Government Institutions, BFSI, Healthcare, Energy, Construction and Manufacturing, and Other End Users). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

In 2024, Artificial Intelligence Market was valued at $224.41 Billion and projected to reach $1236.47 Billion by 2030, due to increasing number of data globally.

The global artificial intelligence (AI) software market is forecast to grow rapidly in the coming years, reaching around 126 billion U.S. dollars by 2025. The overall AI market includes a wide array of applications such as natural language processing, robotic process automation, and machine learning.

What is artificial intelligence?

Artificial intelligence refers to the capability of a machine that is able to replicate or simulate intelligent human behaviours such as analysing and making judgments and decisions. Originated in the computer sciences and a contested area in philosophy, artificial intelligence has evolved and developed rapidly in the past decades and AI use cases can now be found in all corners of our society: the digital voice assistants that reside in our smartphones or smart speakers, customer support chatbots, as well as industrial robots.

Investments in AI

Many of the biggest names in the tech industry have invested heavily into both AI acquisitions and AI related research and development. When it comes to AI patent applications by company, Microsoft, IBM, Google, and Samsung have each submitted thousands of such applications, and funding for AI related start-ups are raking in dozens of billions of dollars each year.

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Cloud Artificial Intelligence (AI) Market Size 2024-2028

The cloud artificial intelligence (ai) market size is forecast to increase by USD 12.61 billion at a CAGR of 24.1% between 2023 and 2028.

The market is experiencing significant growth, driven by the emergence of technologically advanced devices and the increasing adoption of 5G and mobile penetration. These factors enable the integration of AI technologies into various applications, leading to improved efficiency and productivity. However, the market also faces challenges from open-source platforms, which offer free AI solutions, making it difficult for market players to compete on price. Despite this, the market is expected to continue its growth trajectory, driven by the increasing demand for AI solutions in various industries, including healthcare, finance, and retail. Organizations are leveraging cloud-based AI solutions to gain insights from their data, automate processes, and enhance customer experiences.The market analysis report provides a comprehensive overview of these trends and challenges, offering valuable insights for stakeholders looking to capitalize on the growth opportunities In the cloud AI market.

What will be the Size of the Cloud Artificial Intelligence (AI) Market During the Forecast Period?

Request Free SampleThe market is experiencing robust growth, driven by the increasing adoption of machine learning (ML), deep learning, neural networks, and generative AI technologies. These advanced algorithms are revolutionizing various industries by emulating human intelligence in speech recognition, digital media, diagnostics, cybersecurity, and business decision-making. Hyperscale cloud platforms are becoming the preferred infrastructure for AI applications due to their ability to handle massive data processing requirements. Cloud AI solutions are transforming IT services by automating routine tasks, enhancing data analytics, and improving human capital management. They offer significant cost savings by eliminating the need for expensive hardware and maintenance. Moreover, AI-driven cloud management and data management solutions enable predictive analytics, personalization, productivity, and security enhancements.In addition, AI is playing a pivotal role in threat detection and cybersecurity, ensuring business continuity and data protection. Overall, the cloud AI market is poised for exponential growth, as organizations continue to leverage AI to gain a competitive edge In their respective industries.

How is this Cloud Artificial Intelligence (AI) Industry segmented and which is the largest segment?

The cloud artificial intelligence (ai) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ComponentSoftwareServicesGeographyNorth AmericaUSEuropeGermanyUKAPACChinaJapanSouth AmericaMiddle East and Africa

By Component Insights

The software segment is estimated to witness significant growth during the forecast period.

Artificial Intelligence (AI) software replicates human learning and behavior, revolutionizing various business sectors. AI development involves creating new software or enhancing existing solutions to deliver analytics results and trigger actions based on them. Applications of AI include automating business processes, personalizing services, and generating industry-specific insights. The digitization trend has driven industrial transformations, with healthcare being a prime example. According to BDO's Healthcare Digital Transformation Survey, 93% of US healthcare organizations adopted digital transformation strategies in 2021, integrating AI, computing, and enterprise resource planning software. AI functionality encompasses speech recognition, machine learning (ML), deep learning, neural networks, generative AI, automation, decision-making, and more.Hyperscale cloud platforms, IT services, infrastructure, data analytics, human capital management, cost savings, cloud management, data management, predictive analytics, personalization, productivity, security, threat detection, integration, talent gap, and chatbots are significant AI applications. AI tools process data, power business intelligence, and enable lower costs through ML-based models and GPUs. Enterprise datacenters, virtualization, public clouds, private clouds, and hybrid cloud solutions leverage AI for non-repetitive tasks. AI streamlines workloads, automates repetitive tasks, monitors and manages IT infrastructure, and offers dynamic cloud services. AI is transforming industries, from retail inventory management to financial organizations, providing competitive advantages through cost savings and improved decision-making capabilities.

Get a glance at the Cloud Artificial Intelligence (AI) Industry repo

Stay Updated on Artificial Intelligence Market in Healthcare Sector trends, industry outlook and top suppliers with this comprehensive report from BIS Research

Automotive Artificial Intelligence Market size was valued at USD 2.3 Billion in 2024 and is projected to reach USD 12.94 Billion by 2031, growing at a CAGR of 24.1% from 2024 to 2031.

Global Automotive Artificial Intelligence Market Drivers

Growing Need for Autonomous Vehicles (AVs): The growing need for autonomous vehicles is one of the main factors propelling the automotive artificial intelligence industry. Artificial Intelligence plays a major role in AVs’ ability to perceive, plan, and control. The need for automotive AI is anticipated to increase in tandem with the maturation of AV technology and the growing acceptance of AVs by consumers.
Increasing Adoption of Advanced Driver-Assistance Systems (ADAS): ADAS refers to a group of technologies that automate or support driving operations via the use of sensors and software. Features including adaptive cruise control, lane departure warning, and automated emergency braking are included in these systems. The need for automotive AI is being driven by the increasing use of ADAS, these systems need AI skills to work well.
Tight Government Restrictions for Safe Driving: Tight government restrictions for safe driving are being implemented by governments all over the world. Automotive AI is becoming more and more necessary as a result of these rules, which are also driving the development of ADAS and other safety technologies in cars.
Focus on Convenience Features and Improved User Experience: Cars with amenities that make driving more pleasurable and convenient are becoming more and more in demand from consumers. Voice recognition, in-car personalization, and gesture control are just a few of the AI-powered features that are gaining popularity. The market for automotive AI is anticipated to continue growing as a result of this trend.
Major OEM Investments: Major automakers are making significant investments in the advancement of artificial intelligence (AI) technologies for their automobiles. The creation of fresh, cutting-edge AI-powered automotive features is accelerating thanks to these investments.

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.

[228+ Pages Report] The global artificial intelligence (AI) market size is expected to grow from USD 137 billion in 2022 to USD 1812 billion by 2030, at a CAGR of 38% from 2023-2030

Access the summary of the Generative Artificial Intelligence (AI) market report, featuring key insights, executive summary, market size, CAGR, growth rate, and future outlook.

The Artificial Intelligence and Analytics in Defense Market Report is Segmented by Offering (Hardware, Software, and Services), Technology (Artificial Intelligence, Big Data Analytics, and Other Technologies), Platform (Army, Navy, and Airforce), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

The Artificial Intelligence in the IVD Market Report is Segmented by Application (Oncology, Infectious Disease, Cardiology, and Other Applications), Technology (Machine Learning, Deep Learning, and Other Technologies), End User (Hospitals and Clinics, Diagnostic Laboratories, and Other End Users), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers the Value (in USD) for the Above Segments.