In 2021, the market for artificial intelligence (AI) in marketing was estimated at ***** billion U.S. dollars. The source projected that the value would increase to more than ***** billion by 2028. What is AI and who uses it? Artificial intelligence (AI) has become one of the most impactful digital innovations of the past few decades. The term refers to the ability of a computer or machine to mimic the competencies of the human mind, with the current ecosystem consisting of machine learning, robotics, artificial neural networks, and natural language processing. All of these features and algorithms are highly versatile and adaptable to the specific requirements of the user, explaining why they have become embedded into many different industries, ranging from telecommunications and financial services to healthcare and pharma. Overall, the global artificial intelligence market was valued at around *** billion U.S. dollars in 2021. AI at the marketing wheel AI is deeply embedded into the digital marketing landscape, and based on the latest reports, more than ** percent of industry experts integrate some form of AI technology into their online marketing activities. This vast adaptation of artificial intelligence for marketing purposes is no surprise considering that its benefits include task automation, campaign personalization, and data analysis, to name but a few. When asked about marketers' main application areas of AI in a recent survey, roughly ** percent of respondents from the U.S., Canada, the UK, and India mentioned ad targeting. Other popular activities they trusted AI with included personalizing content, optimizing e-mail send times, and calculating conversion probability.
According to a 2023 study conducted with marketers in the United States, ** percent of respondents reported using generative artificial intelligence tools, such as chatbots, as a part of their company's work. Only*** percent of American marketing professionals were not using the generative AI tools.
According to a global survey among marketing professionals in January 2025, approximately ** percent reported using artificial intelligence (AI) extensively in their data-driven marketing efforts. Around ** percent said they integrated AI in select areas, whereas ** percent were exploring AI, but have not implemented the technology. Some ** percent reported not having plans to use AI.
Artificial Intelligence In Marketing Size 2024-2028
The artificial intelligence in marketing size is forecast to increase by USD 41.02 billion, at a CAGR of 30.9% between 2023 and 2028.
The Artificial Intelligence (AI) market in marketing is experiencing significant growth, driven by the increasing adoption of cloud-based applications and services. This shift towards cloud solutions enables businesses to leverage AI technologies more efficiently and cost-effectively, enhancing their marketing capabilities. Furthermore, the ongoing digitalization and expanding internet penetration are fueling the demand for AI solutions in marketing, as companies seek to engage with customers more effectively in the digital space. However, the market's growth is not without challenges. The lack of skilled professionals poses a significant obstacle to wider AI adoption in marketing.
As AI applications become more complex, the need for specialized expertise in areas such as machine learning, data analytics, and programming grows. Companies must invest in upskilling their workforce or partner with external experts to overcome this challenge and fully capitalize on the opportunities presented by AI in marketing.
What will be the Size of the Artificial Intelligence In Marketing during the forecast period?
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Artificial intelligence (AI) continues to reshape marketing landscapes, with dynamic market activities unfolding across various sectors. Machine learning models optimize digital marketing strategies, enabling predictive analytics for marketing ROI and customer engagement. Brands build stronger connections through AI-powered personalization and sentiment analysis. Data privacy regulations necessitate transparency and accountability, influencing marketing technology stacks and Data Security measures. A/B testing and conversion rate optimization are enhanced through AI-driven insights, while marketing automation workflows streamline customer relationship management. Marketing analytics software and dashboards provide data-driven insights, enabling marketing budget allocation and multi-channel marketing strategies. Behavioral targeting and customer journey mapping are refined through AI, enhancing marketing attribution models and email marketing automation.
Virtual assistants and chatbots facilitate seamless customer experiences, while marketing automation platforms optimize search engine optimization, pay-per-click advertising, and social media advertising. Natural language processing and AI marketing consultants aid content marketing strategies, ensuring algorithmic bias and ethical AI considerations remain at the forefront. Marketing dynamics remain in a constant state of evolution, with AI-driven innovations continuing to transform the industry. Data Governance, marketing attribution models, and programmatic advertising are among the many areas where AI is making an impact. The ongoing integration of AI into marketing technologies and strategies ensures a continuously adaptive and effective marketing landscape.
How is this Artificial Intelligence Ining Industry segmented?
The artificial intelligence ining 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.
Deployment
On-premises
Cloud
Application
Social Media Advertising
Search Engine Marketing/ Search Advertising
Virtual Assistant
Content Curation
Sales & Marketing Automation
Analytics Platform
Others
Technology
Machine Learning
Natural Language Processing
Computer Vision
Others
Geography
North America
US
Canada
Europe
Germany
UK
APAC
China
Japan
Australia
India
South America
Brazil
Argentina
Middle East and Africa
UAE
Rest of World (ROW)
By Deployment Insights
The on-premises segment is estimated to witness significant growth during the forecast period.
Artificial Intelligence (AI) is revolutionizing marketing, with machine learning models at its core. Brands are building stronger connections with consumers through AI-driven personalization and predictive analytics. A/B testing and marketing analytics software enable data-driven insights, while conversion rate optimization and marketing automation workflows streamline campaigns. Data privacy regulations ensure transparency and accountability, shaping marketing strategies. Behavioral targeting and sentiment analysis provide deeper customer understanding, enhancing customer engagement. Predictive analytics and marketing ROI are key performance indicators, driving marketing budget allo
A global survey in 2022 found out that ** percent of marketing professionals across 35 countries were using artificial intelligence (AI) tools in order to automate customer interactions, compared to ** percent in 2021. Another ** percent of marketers working with AI shared that it helped them personalize the customer journey across channels - a share that remained the same as the year before.
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Global AI in marketing market size was valued USD 12.5 billion in 2022 and is anticipated to grow to USD 72.1 billion by 2030 at a CAGR of 24.5%.
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According to Cognitive Market Research, the global Artificial Intelligence in Marketing Market size is USD 12.7 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 23.8% from 2024 to 2031.
Market Dynamics of Artificial Intelligence in Marketing Market
Key Drivers for Artificial Intelligence in Marketing Market
Increasing demand for predictive analysis - AI can predict consumer behavior, such as purchasing habits and churn rates. This enables marketers to anticipate customer requirements and preferences, allowing them to solve concerns and provide relevant solutions ahead of time. AI allows marketers to provide highly tailored information and offers to individual customers based on their interests, purchasing history, and behavior. Personalization improves consumer engagement, contentment, and loyalty, resulting in more conversions and revenue. As a result, the market is growing due to increased demand for personalization and predictive analytics.
Rapid adoption of artificial intelligence in the healthcare Application
Key Restraints for Artificial Intelligence in Marketing Market
Cost and data privacy issues
Maintaining data privacy and security concerns
Introduction of the Artificial Intelligence in Marketing Market
Artificial intelligence (AI) in marketing is the incorporation of advanced algorithms and machine learning techniques into various marketing processes and tactics. This cutting-edge technology lets businesses to use data-driven insights, automate repetitive operations, and provide personalized experiences to their target audience, resulting in higher customer engagement, efficiency, and ROI. AI's applicability in marketing is diverse, ranging from monitoring consumer behavior and predicting trends to optimizing ad campaigns and improving customer service. The growing usage of artificial intelligence and machine learning to provide social networking platform acceptance, tailored consumer experiences, and the growth of e-commerce are the main drivers driving the market's development.
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Artificial Intelligence In Marketing Market size was valued at USD 21.27 Billion in 2023 and is projected to reach USD 138.5 Billion by 2031, growing at a CAGR of 29.11% during the forecast period 2024-2031.
Global Artificial Intelligence In Marketing Market Drivers
The market drivers for the Artificial Intelligence In Marketing Market can be influenced by various factors. These may include:
Growing Use of AI and Machine Learning: As these technologies progress and become more widely available, marketers are using them more and more to improve their marketing strategies, target customers more precisely, customise content, and run more effective campaigns.
Demand for Personalised Customer Experiences: In today's world, customers anticipate receiving personalised treatment at every touchpoint. Marketing professionals can now send more individualised and pertinent messages to customers by using artificial intelligence (AI) to analyse massive volumes of data and understand consumer behaviour, preferences, and intent. Predictive analytics is becoming more and more important since it allows marketers to forecast consumer behaviour, spot patterns, and foresee future needs. It is powered by artificial intelligence. This skill is essential for creating winning marketing plans and optimising return on investment.
Rise of Chatbots and Virtual Assistants: With their ability to offer immediate customer service, tailored recommendations, and support throughout the customer journey, chatbots and virtual assistants driven by artificial intelligence are quickly becoming essential components of marketing plans.
Developments in Natural Language Processing (NLP): NLP tools let marketers decipher and evaluate unstructured data from sources including support tickets, social media, and consumer reviews. This feature is extremely helpful for sentiment analysis, social listening, and deriving conclusions from textual information.
Emphasis on Marketing Automation: AI-powered marketing automation systems automate time-consuming processes like lead scoring, email marketing, and campaign administration, freeing up marketers to concentrate on high-value endeavours like ideation and strategy formation.
Need for Improved Customer Engagement: AI gives marketers the ability to interact with clients in real-time over a variety of channels, providing tailored offers, recommendations, and content according to each person's tastes and actions.
E-commerce is growing at an exponential rate, which has increased demand for AI-driven marketing solutions that may assist companies in attracting, converting, and keeping customers in the fiercely competitive online market. The emergence of AI-powered analytics tools: With the help of these sophisticated tools, marketers can now obtain a deeper understanding of customer behaviour, market trends, and campaign performance. This allows them to optimise their marketing strategies and make data-driven decisions.
Greater Emphasis on ROI and Cost Efficiency: Marketers are under pressure to show the return on investment (ROI) of their campaigns and to minimise expenses in a more cutthroat commercial climate. AI assists marketers in more efficiently allocating resources, focusing on the proper target market, and boosting campaign effectiveness.
According to a 2022 study conducted with marketers worldwide, ** percent of respondents reported using artificial intelligence as a part of their digital marketing strategy. Two years earlier, in 2020, the reported usage rate stood at ** percent which was a big growth from the ** percent rate in 2018.
According to our latest research, the global Generative AI in Digital Marketing market size stood at USD 5.42 billion in 2024, reflecting robust adoption across industries worldwide. The market is expected to grow at a remarkable CAGR of 28.6% from 2025 to 2033, reaching a forecasted value of USD 52.23 billion by 2033. This impressive expansion is being driven by the increasing integration of advanced AI-driven tools for content creation, personalized marketing, and customer engagement, as businesses seek to optimize marketing efficiency and ROI in an ever-evolving digital landscape.
One of the primary growth factors fueling the Generative AI in Digital Marketing market is the escalating demand for hyper-personalized customer experiences. Modern consumers expect brands to deliver tailored content and offers based on their unique preferences and behaviors. Generative AI solutions excel in analyzing vast datasets and generating highly relevant marketing assets, enabling brands to engage audiences with unprecedented precision. As digital marketing becomes more data-driven, organizations are leveraging generative AI to automate content creation, optimize campaigns in real-time, and enhance the overall customer journey. This trend is particularly pronounced in sectors such as retail, e-commerce, and BFSI, where personalized engagement translates directly into higher conversion rates and customer loyalty.
Another significant driver is the rapid evolution of generative AI software and platforms, which are becoming increasingly accessible and user-friendly. The proliferation of AI-powered tools for tasks like copywriting, image generation, video production, and social media management has democratized digital marketing, empowering both large enterprises and SMEs to compete on a level playing field. Furthermore, the integration of generative AI with existing marketing automation systems and CRM platforms is streamlining workflows and reducing operational costs. As AI models grow more sophisticated, they are enabling marketers to move beyond basic automation to truly creative and context-aware campaign strategies, further accelerating market adoption.
The growing emphasis on data privacy and regulatory compliance is also shaping the trajectory of the Generative AI in Digital Marketing market. With stricter regulations such as GDPR and CCPA, organizations are seeking AI solutions that not only enhance marketing effectiveness but also ensure ethical data usage and transparency. Generative AI vendors are responding by embedding privacy-by-design principles and robust governance frameworks into their offerings. This focus on responsible AI adoption is fostering trust among end-users and stakeholders, thereby supporting sustained market growth. Additionally, the expanding ecosystem of partnerships between AI technology providers, digital agencies, and industry-specific solution vendors is accelerating innovation and broadening the market’s reach.
Regionally, North America continues to dominate the Generative AI in Digital Marketing market, accounting for the largest share in 2024, driven by high technology adoption rates and a mature digital marketing infrastructure. However, Asia Pacific is emerging as the fastest-growing region, propelled by rapid digitalization, rising internet penetration, and a burgeoning e-commerce sector. Europe is also witnessing substantial growth, supported by strong regulatory frameworks and increasing investments in AI research and development. Latin America and the Middle East & Africa are gradually catching up, as businesses in these regions recognize the value of AI-enhanced marketing strategies to expand their digital footprint and drive business growth.
The Component segment of the Generative AI in Digital Marketing market is bifurcated into software and services, each playing a critical role in the industry’s expansion. The software segment comprises AI-powered platforms and tools
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According to Cognitive Market Research, the global Artificial Intelligence in Retail market size is USD 4951.2 million in 2023and will expand at a compound annual growth rate (CAGR) of 39.50% from 2023 to 2030.
Enhanced customer personalization to provide viable market output
Demand for online remains higher in Artificial Intelligence in the Retail market.
The machine learning and deep learning category held the highest Artificial Intelligence in Retail market revenue share in 2023.
North American Artificial Intelligence In Retail will continue to lead, whereas the Asia-Pacific Artificial Intelligence In Retail market will experience the most substantial growth until 2030.
Market Dynamics of the Artificial Intelligence in the Retail Market
Key Drivers for Artificial Intelligence in Retail Market
Enhanced Customer Personalization to Provide Viable Market Output
A primary driver of Artificial Intelligence in the Retail market is the pursuit of enhanced customer personalization. A.I. algorithms analyze vast datasets of customer behaviors, preferences, and purchase history to deliver highly personalized shopping experiences. Retailers leverage this insight to offer tailored product recommendations, targeted marketing campaigns, and personalized promotions. The drive for superior customer personalization not only enhances customer satisfaction but also increases engagement and boosts sales. This focus on individualized interactions through A.I. applications is a key driver shaping the dynamic landscape of A.I. in the retail market.
January 2023 - Microsoft and digital start-up AiFi worked together to offer Smart Store Analytics. It is a cloud-based tracking solution that helps merchants with operational and shopper insights for intelligent, cashierless stores.
Source-techcrunch.com/2023/01/10/aifi-microsoft-smart-store-analytics/
Improved Operational Efficiency to Propel Market Growth
Another pivotal driver is the quest for improved operational efficiency within the retail sector. A.I. technologies streamline various aspects of retail operations, from inventory management and demand forecasting to supply chain optimization and cashier-less checkout systems. By automating routine tasks and leveraging predictive analytics, retailers can enhance efficiency, reduce costs, and minimize errors. The pursuit of improved operational efficiency is a key motivator for retailers to invest in AI solutions, enabling them to stay competitive, adapt to dynamic market conditions, and meet the evolving demands of modern consumers in the highly competitive artificial intelligence (AI) retail market.
January 2023 - The EY Retail Intelligence solution, which is based on Microsoft Cloud, was introduced by the Fintech business EY to give customers a safe and efficient shopping experience. In order to deliver insightful information, this solution makes use of Microsoft Cloud for Retail and its technologies, which include image recognition, analytics, and artificial intelligence (A.I.).
Key Restraints for Artificial Intelligence in Retail Market
Data Security Concerns to Restrict Market Growth
A prominent restraint in Artificial Intelligence in the Retail market is the pervasive concern over data security. As retailers increasingly rely on A.I. to process vast amounts of customer data for personalized experiences, there is a growing apprehension regarding the protection of sensitive information. The potential for data breaches and cyberattacks poses a significant challenge, as retailers must navigate the delicate balance between utilizing customer data for AI-driven initiatives and safeguarding it against potential security threats. Addressing these concerns is crucial to building and maintaining consumer trust in A.I. applications within the retail sector.
Key Trends for Artificial Intelligence in Retail Market
Surge in Voice-Enabled Shopping Interfaces Reshaping Retail Experiences
Voice-enabled A.I. assistants such as Amazon Alexa and Google Assistant are revolutionizing the way consumers engage with retail platforms. Shoppers can now utilize voice commands to search, compare, and purchase products, thereby streamlining and accelerating the buying process. Retailers...
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The Artificial Intelligence (AI) in Marketing market is experiencing robust growth, driven by the increasing adoption of AI-powered tools and solutions across various marketing functions. The market, estimated at $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 25% from 2025 to 2033. This significant expansion is fueled by several key factors. Businesses are leveraging AI for enhanced customer segmentation and personalization, leading to improved targeting and conversion rates. Predictive analytics powered by AI enables more effective campaign planning and resource allocation, maximizing ROI. Furthermore, AI-driven chatbots and virtual assistants provide enhanced customer service and support, boosting customer satisfaction and loyalty. The rising availability of large datasets and advancements in machine learning algorithms further accelerate market growth. However, challenges remain. Data privacy concerns and the ethical implications of AI in marketing pose significant hurdles. The high cost of implementation and the need for specialized expertise can also restrict widespread adoption, particularly among smaller businesses. Despite these constraints, the long-term outlook for the AI in Marketing market remains exceptionally positive. The continuous development of sophisticated AI technologies, coupled with increasing awareness of the potential benefits, will drive further market penetration across various industries and geographies. Key players like Intel, Google, IBM, Microsoft, and Salesforce are actively investing in research and development, fostering innovation and competition within the sector. The market's continued growth will be characterized by the integration of AI into existing marketing strategies, leading to increasingly sophisticated and personalized customer experiences.
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An insightful dataset detailing the AI industry's key statistics and trends for 2025, emphasizing market growth, application areas such as education and healthcare, employment impact, and the rate of adoption across sectors.
During a survey among business-to-business (B2B) marketers published in February 2025, approximately 43 percent of participants included targeting audiences among the most effective applications of artificial intelligence (AI) in marketing automation. Around 41 percent cited analytics and reporting while 36 percent mentioned personalization. According to the same study, B2B marketers' top goals when improving marketing automation included better data quality and ideal customer and prospect identification.
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The global AI for Sales & Marketing Market is expected to rise USD 967.74 billion by 2034 And anticipated to grow at a CAGR of 32.6%.
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The AI marketing platform market is experiencing robust growth, projected to reach $2736 million in 2025 and exhibiting a Compound Annual Growth Rate (CAGR) of 16.8% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, the increasing availability and affordability of AI-powered tools empower businesses of all sizes to leverage sophisticated marketing strategies previously accessible only to larger corporations. Secondly, the growing volume and complexity of marketing data necessitates AI-driven solutions for effective analysis and campaign optimization. Businesses are seeking to personalize customer experiences at scale, improve targeting accuracy, and automate repetitive tasks, all of which are facilitated by AI marketing platforms. Finally, the demonstrable return on investment (ROI) achieved through improved campaign performance and increased efficiency is driving widespread adoption. While data privacy concerns and the need for skilled professionals to implement and manage these systems present challenges, the overall market outlook remains overwhelmingly positive. The competitive landscape is marked by a diverse range of players, including established technology giants like Accenture and Baidu, alongside specialized AI marketing startups such as Blueshift and Phrasee. This competition fosters innovation and drives continuous improvement in the capabilities and affordability of AI marketing solutions. Future growth will likely be influenced by advancements in natural language processing (NLP), machine learning (ML) algorithms, and the integration of AI with other marketing technologies. The market is likely to see further consolidation as larger companies acquire smaller players and integrate AI marketing capabilities into their broader product offerings. Geographic expansion, particularly in emerging markets, presents significant opportunities for growth in the coming years. The focus will remain on delivering tangible business value through improved marketing ROI and demonstrably better customer experiences.
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Artificial Intelligence (AI) in Marketing Market is expected to grow at a CAGR of 25.1% during the forecast period 2024-2031
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The global Artificial Intelligence (AI) Marketing Platform market is projected to reach USD 6474.5 million by 2033, exhibiting a CAGR of XX% during the forecast period (2025-2033). The increasing adoption of AI in marketing and advertising activities, such as personalized marketing campaigns, automated content creation, and data-driven decision-making, is driving market growth. The growing volume of data generated in marketing campaigns, coupled with the need for better data analysis and insights, is further augmenting the market demand for AI solutions. Several factors are contributing to the growth of the AI Marketing Platform market. Key drivers include rising demand for data-driven marketing campaigns, increasing adoption of cloud-based platforms, and growing investments in AI research and development. Furthermore, the growing focus on customer experience and the need to enhance ROI are also driving the demand for AI solutions in marketing. North America and Europe hold significant market shares due to the presence of major technology companies and early adoption of AI technologies. However, Asia Pacific is expected to witness the fastest growth over the forecast period due to the increasing digitalization and growing marketing budgets in emerging economies. Key players in the market include Accenture, Blueshift, Albert, Emarsys, DataRobot, re:nable, Baidu, Phrasee, Telepath Data, Optimove, Grammarly, MarketMuse, Acrolinx, PathFactory, and RAD AI, among others.
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Artificial Intelligence (AI) is revolutionizing the market landscape, fundamentally changing how businesses operate, engage with customers, and make strategic decisions. As industries across the globe increasingly recognize the potential of AI technologies, the market has witnessed exponential growth. Recent insight
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 advancements enable faster and more efficient data processing, leading to increased demand for cloud-based AI solutions. However, the market also faces challenges from open-source platforms, which offer free alternatives to proprietary AI offerings. Companies must navigate this competitive landscape by focusing on providing value-added services and maintaining a strong competitive edge through innovation and differentiation. To capitalize on market opportunities, organizations should explore applications in sectors such as healthcare, finance, and manufacturing, where AI can drive operational efficiency, enhance customer experiences, and generate new revenue streams. Effective strategic planning and a strong focus on data security will be crucial for businesses seeking to succeed in this dynamic and evolving market.
What will be the Size of the Cloud Artificial Intelligence (AI) Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
Request Free SampleThe market continues to evolve, driven by advancements in machine learning (ML), computer vision, and natural language processing. Bias mitigation and responsible AI are increasingly prioritized, with knowledge graphs and explainable AI (XAI) playing crucial roles in ensuring transparency and trust. Agile development and AI ethics are integral to creating ethical and unbiased AI systems. ML models are being applied across various sectors, from fraud detection and sales forecasting to speech recognition and image recognition. Data security and privacy remain paramount, with cloud computing and edge computing solutions offering secure alternatives. Deep learning (DL) and reinforcement learning are advancing rapidly, enabling more sophisticated AI applications.
Semantic reasoning and predictive analytics are transforming decision making, while AI-powered chatbots and virtual assistants enhance customer service. Data labeling and model training are essential components of AI development, with API integration streamlining deployment and model training. Risk management and predictive analytics are critical for businesses seeking to mitigate potential threats and optimize operations. The ongoing unfolding of market activities reveals a dynamic landscape, with AI regulations and governance emerging as key considerations. Sentiment analysis and text analytics offer valuable insights into customer behavior and preferences. In the ever-evolving AI ecosystem, continuous innovation and adaptation are essential. The integration of various AI technologies and applications will shape the future of business and society.
How is this Cloud Artificial Intelligence (AI) Industry segmented?
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 AmericaUSEuropeGermanyUKAPACChinaJapanRest of World (ROW)
By Component Insights
The software segment is estimated to witness significant growth during the forecast period.Artificial Intelligence (AI) software development is a significant area of innovation in the business world, with applications ranging from automating operations to personalizing service delivery and generating insights. AI technologies, such as machine learning (ML), deep learning (DL), computer vision, speech recognition, and natural language processing, are transforming industries. Responsible AI practices, including bias mitigation and explainable AI (XAI), are crucial for building trust and ensuring fairness in AI systems. Agile development methodologies facilitate the integration of AI capabilities into existing software. Data security and privacy are paramount in AI implementations. Cloud computing and edge computing provide flexible solutions for storing and processing sensitive data. AI regulations, such as those related to data privacy and security, are shaping the market. AI ethics are also a critical consideration, with transparency and accountability essential for building trust in AI systems. AI is revolutionizing various industries, from healthcare to finance and marketing. In healthcare, AI is used for predictive analytics, sales forecasting, and fraud detection, improving patient outcomes and operational efficiency. In finance, AI is used for risk management
In 2021, the market for artificial intelligence (AI) in marketing was estimated at ***** billion U.S. dollars. The source projected that the value would increase to more than ***** billion by 2028. What is AI and who uses it? Artificial intelligence (AI) has become one of the most impactful digital innovations of the past few decades. The term refers to the ability of a computer or machine to mimic the competencies of the human mind, with the current ecosystem consisting of machine learning, robotics, artificial neural networks, and natural language processing. All of these features and algorithms are highly versatile and adaptable to the specific requirements of the user, explaining why they have become embedded into many different industries, ranging from telecommunications and financial services to healthcare and pharma. Overall, the global artificial intelligence market was valued at around *** billion U.S. dollars in 2021. AI at the marketing wheel AI is deeply embedded into the digital marketing landscape, and based on the latest reports, more than ** percent of industry experts integrate some form of AI technology into their online marketing activities. This vast adaptation of artificial intelligence for marketing purposes is no surprise considering that its benefits include task automation, campaign personalization, and data analysis, to name but a few. When asked about marketers' main application areas of AI in a recent survey, roughly ** percent of respondents from the U.S., Canada, the UK, and India mentioned ad targeting. Other popular activities they trusted AI with included personalizing content, optimizing e-mail send times, and calculating conversion probability.