The artificial intelligence market size was valued at US$ 193.25 billion in 2024 and is expected to reach US$ 1,706.71 billion by 2031; it is estimated to register a CAGR of 37.8% during 2025–2031. The burgeoning popularity of agentic Al is likely to bring new market trends in the future.
Artificial Intelligence Market Analysis
The rising adoption across industries, government initiatives and investment to support the adoption of AI technology, and the burgeoning demand for multimodal AI are among the significant factors driving the global artificial intelligence market expansion. Further, increasing investments in industrial automation solutions and the growing popularity of agentic Al is likely to propel the demand for artificial intelligence in the future. Technological advancements and integration of advanced technologies such as machine learning, natural language processing (NLP), and robotic process automation (RPA); demand for generative Al; and development of explainable AI (XAI) and AI-powered cybersecurity solutions that reduce operating costs are expected to create opportunities for the market during the forecast period. An upsurge in the need for customized AI-based solutions, manufacturers' focus on developing small language models and open source advancements, and an increase in research and development activities also benefit the global artificial intelligence market.
Artificial Intelligence Market Overview
Artificial intelligence (AI) operates as a combination of technologies that allow computers to perform a wide range of advanced operations, such as reading, understanding, translating spoken and written language, analyzing data, and making suggestions. AI serves as the basis of current innovations in computing, creating value for individuals and enterprises. For example, optical character recognition (OCR) uses AI to extract text and data from photos and documents, transforming unstructured content into business-ready structured data and providing crucial insights. Industries use AI-based systems and software in a variety of applications, including speech recognition, image recognition, translation, predictive modeling, data analytics, and cybersecurity. Significant benefits offered by AI include 24 × 7 availability, repetitive task automation, fewer human errors, more and faster data insights, reduced physical risks, and enhanced decision-making.
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Artificial Intelligence Market: Strategic Insights
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Artificial Intelligence Market Drivers and Opportunities
Government Initiatives and Investments Supporting AI Adoption
In January 2025, US President Donald Trump announced a private sector investment of up to US$ 500 billion to accelerate the development of AI infrastructure in the nation. The initiative is designed to strengthen America's competitive position in this vital sector. At the core of the announcement is a new joint venture called Stargate, formed by OpenAI, SoftBank Group Corp. (9984.T), and Oracle Corporation (ORCL.N). Stargate will focus on building advanced data center infrastructure in the country and is projected to generate over 100,000 new jobs nationwide. Backed by a coalition of equity partners, Stargate has already secured a US$100 billion initial investment for immediate deployment. The remaining US$400 billion is expected to be invested over the next four years as part of a phased capital allocation strategy. The initiative was formally launched at the White House, where SoftBank CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle Chairman Larry Ellison joined Trump to underscore their commitment to positioning the US as a global leader in AI.
Techs and consulting companies, including Accenture Plc, Contents SpA, Aleph Alpha GmbH, and Mistral AI, are investing in AI technology. In June 2023, Accenture Plc announced an investment of US$ 3 billion to accelerate the development of new AI-based solutions. The company is planning to use these solutions to help businesses from across 19 industries, such as manufacturing, retail, and healthcare. These investments are made to develop and implement AI technology in various processes to manage a high volume of data. Thus, initiatives and investments by governments and private organizations support the adoption of AI.
Soaring Demand for Generative Al
Generative AI enables firms to function efficiently and stay ahead of their competitors. Governments of various countries are organizing events to create awareness related to the benefits provided by generative AI. In April 2025, California Governor Gavin Newsom announced a new statewide initiative to integrate generative AI technologies across government functions. The initiative aims to leverage AI to optimize traffic management, enhance road safety, and improve public-facing services, such as customer support. In an official statement, Governor Newsom emphasized that the effort is focused on enhancing and not reducing government services, reinforcing the state's commitment to innovation-driven public sector improvement.
According to data released by Infosys Limited in December 2023, countries across the globe are investing in generative AI technology to streamline and automate operations, enhance product development, and optimize customer experiences. Between 2022 and 2023, France and Germany doubled their GenAI spending to approximately US$ 730 million and US$ 610 million, respectively. In both countries, ~50% of businesses have either deployed generative AI or have implemented and achieved business value from it. Roughly 40% of companies in the UK, Benelux, and Nordics invest in AI technology to improve their business operations. In December 2023, the UK surpassed Benelux to take third place, as its spending is likely to increase two-fold or more to reach approximately US$ 510 million. In 2023, companies in Nordic countries invested more than 2.5 times their present spending, totaling more than US$ 470 million in GenAI. Thus, the development of generative AI tools and models for managing business processes is expected to create future growth opportunities in the global artificial intelligence market.
Artificial Intelligence Market Report Segmentation Analysis
Key segments that contributed to the derivation of the artificial intelligence market analysis are component, organization size, and industry vertical.
- Based on component, the market is divided into hardware, software, and services. The market for the software segment is segmented into cloud-based and on-premise. The software segment dominated the market in 2024.
- By organization size, the global artificial intelligence market is categorized into large enterprises and SMEs. The large enterprises segment dominated the market in 2024.
- On the basis of industry vertical, the market is segmented into automotive, healthcare, manufacturing, retail and e-commerce, IT and telecom, BFSI, and others. The IT and telecom segment dominated the market in 2024.
Artificial Intelligence Market Share Analysis by Geography
- The artificial intelligence market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the artificial intelligence market in 2024. Europe is the second-largest contributor to the global artificial intelligence Market, followed by Asia Pacific.
- The artificial intelligence market in North America is categorized into the US, Canada, and Mexico. North America is home to tech giants such as Microsoft, Google, and Amazon, which invest heavily in AI research, cloud platforms, and generative AI. The venture capital funding for AI startups hit US$ 40 billion in 2023, fueling innovation. Government initiatives, such as the US National AI Initiative and Canada’s Pan-Canadian AI Strategy, support research and public-sector adoption. Key industries include healthcare (diagnostics), finance (fraud detection), and automotive (autonomous vehicles). A robust talent pool, bolstered by leading universities, strengthens the region’s position. However, regulatory fragmentation, such as California’s CCPA, and intense competition for AI talent increase costs. Cybersecurity risks and ethical concerns around AI bias also pose challenges, requiring businesses to prioritize compliance and transparency to maintain consumer trust and market dominance.
Artificial Intelligence Market Report Scope
Artificial Intelligence Market News and Recent Developments
The artificial intelligence market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. Key the developments in the artificial intelligence market are listed below:
- IBM launched Watsonx AI Labs, a new, developer-first innovation hub in New York City designed to supercharge AI builders and accelerate AI adoption at scale. watsonx AI Labs connects IBM's enterprise resources and expertise with the next generation of AI developers to build breakthrough AI applications for business.
(Source: IBM, Press Release, June 2025)
- Accenture announced that Accenture Ventures has invested in Aaru, creators of the AI-powered prediction engine that simulates consumer behavior and preferences, driving stronger customer experiences, new growth opportunities, and speed-to-market. As part of this collaboration, Accenture Song intends to integrate Lumen—Aaru’s flagship model for the private sector—into its AI products and services across new product development, marketing, customer strategy, and customer service.
(Source: Accenture, Press Release, March 2025)
Artificial Intelligence Market Report Coverage and Deliverables
The "Artificial Intelligence Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Artificial intelligence market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Artificial intelligence market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Artificial intelligence market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the artificial intelligence market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The artificial intelligence market was valued at US$ 193.25 billion in 2024 and is projected to reach US$ 1,706.71 billion by 2031; it is expected to grow at a CAGR of 37.8% during 2025–2031.
Rising Adoption in Various Industries; Government Initiatives and Investments Supporting AI Adoption, and Surging Demand for Multimodal Al are the driving factors impacting the artificial intelligence market.
Burgeoning Popularity of Agentic AI is the future trends of the artificial intelligence market.
The key players, holding majority shares, in artificial intelligence market includes Microsoft Corp, Accenture Plc, International Business Machines Corp, NVIDIA Corp and Google LLC.
The artificial intelligence market is expected to reach US$ 1,706.71 billion in the year 2031.
The North America held the largest market share in 2024, followed by Europe.
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Analyst Market Outlook
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
3.3 Assumptions and Limitations
4. Artificial Intelligence Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Artificial Intelligence Market – Key Market Dynamics
5.1 Artificial Intelligence Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rising Adoption in Various Industries
5.2.2 Government Initiatives and Investments Supporting AI Adoption
5.2.3 Surging Demand for Multimodal Al
5.3 Market Restraints
5.3.1 High Cost Associated with Operations
5.4 Market Opportunities
5.4.1 Soaring Demand for Generative Al
5.4.2 Rising Importance of Ethical Al
5.5 Future Trends
5.5.1 Burgeoning Popularity of Agentic Al
5.6 Impact of Drivers and Restraints:
6. Artificial Intelligence Market – Global Market Analysis
6.1 Artificial Intelligence Market Revenue (US$ Billion), 2021–2031
6.2 Artificial Intelligence Market Forecast Analysis
7. Artificial Intelligence Market Analysis – by Component
7.1 Software
7.1.1 Overview
7.1.2 Software: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
7.1.3 Cloud
7.1.3.1 Overview
7.1.3.2 Cloud: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
7.1.4 On Premises
7.1.4.1 Overview
7.1.4.2 On Premises: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
7.2 Hardware
7.2.1 Overview
7.2.2 Hardware: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
7.3 Services
7.3.1 Overview
7.3.2 Services: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
8. Artificial Intelligence Market Analysis – by Organization Size
8.1 Large Enterprises
8.1.1 Overview
8.1.2 Large Enterprises: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
8.2 SMEs
8.2.1 Overview
8.2.2 SMEs: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
9. Artificial Intelligence Market Analysis – by Industry Vertical
9.1 IT and Telecom
9.1.1 Overview
9.1.2 IT and Telecom: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
9.2 BFSI
9.2.1 Overview
9.2.2 BFSI: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
9.3 Healthcare
9.3.1 Overview
9.3.2 Healthcare: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
9.4 Manufacturing
9.4.1 Overview
9.4.2 Manufacturing: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
9.5 Retail and E-Commerce
9.5.1 Overview
9.5.2 Retail and E-Commerce: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
9.6 Automotive
9.6.1 Overview
9.6.2 Automotive: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
9.7 Others
9.7.1 Overview
9.7.2 Others: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
10. Artificial Intelligence Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Artificial Intelligence Market Overview
10.2.2 North America: Artificial Intelligence Market – Revenue, 2021–2031 (US$ Billion)
10.2.3 North America: Artificial Intelligence Market Breakdown, by Component
10.2.3.1 North America: Artificial Intelligence Market – Revenue and Forecast Analysis – by Component
10.2.4 North America: Artificial Intelligence Market Breakdown, by Deployment
10.2.4.1 North America: Artificial Intelligence Market – Revenue and Forecast Analysis – by Deployment
10.2.5 North America: Artificial Intelligence Market Breakdown, by Organization Size
10.2.5.1 North America: Artificial Intelligence Market – Revenue and Forecast Analysis – by Organization Size
10.2.6 North America: Artificial Intelligence Market Breakdown, by Industry Vertical
10.2.6.1 North America: Artificial Intelligence Market – Revenue and Forecast Analysis – by Industry Vertical
10.2.7 North America: Artificial Intelligence Market – Revenue and Forecast Analysis – by Country
10.2.7.1 North America: Artificial Intelligence Market – Revenue and Forecast Analysis – by Country
10.2.7.2 United States: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.2.7.2.1 United States: Artificial Intelligence Market Breakdown, by Component
10.2.7.2.2 United States: Artificial Intelligence Market Breakdown, by Deployment
10.2.7.2.3 United States: Artificial Intelligence Market Breakdown, by Organization Size
10.2.7.2.4 United States: Artificial Intelligence Market Breakdown, by Industry Vertical
10.2.7.3 Canada: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.2.7.3.1 Canada: Artificial Intelligence Market Breakdown, by Component
10.2.7.3.2 Canada: Artificial Intelligence Market Breakdown, by Deployment
10.2.7.3.3 Canada: Artificial Intelligence Market Breakdown, by Organization Size
10.2.7.3.4 Canada: Artificial Intelligence Market Breakdown, by Industry Vertical
10.2.7.4 Mexico: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.2.7.4.1 Mexico: Artificial Intelligence Market Breakdown, by Component
10.2.7.4.2 Mexico: Artificial Intelligence Market Breakdown, by Deployment
10.2.7.4.3 Mexico: Artificial Intelligence Market Breakdown, by Organization Size
10.2.7.4.4 Mexico: Artificial Intelligence Market Breakdown, by Industry Vertical
10.3 Europe
10.3.1 Europe Artificial Intelligence Market Overview
10.3.2 Europe: Artificial Intelligence Market – Revenue, 2021–2031 (US$ Billion)
10.3.3 Europe: Artificial Intelligence Market Breakdown, by Component
10.3.3.1 Europe: Artificial Intelligence Market – Revenue and Forecast Analysis – by Component
10.3.4 Europe: Artificial Intelligence Market Breakdown, by Deployment
10.3.4.1 Europe: Artificial Intelligence Market – Revenue and Forecast Analysis – by Deployment
10.3.5 Europe: Artificial Intelligence Market Breakdown, by Organization Size
10.3.5.1 Europe: Artificial Intelligence Market – Revenue and Forecast Analysis – by Organization Size
10.3.6 Europe: Artificial Intelligence Market Breakdown, by Industry Vertical
10.3.6.1 Europe: Artificial Intelligence Market – Revenue and Forecast Analysis – by Industry Vertical
10.3.7 Europe: Artificial Intelligence Market – Revenue and Forecast Analysis – by Country
10.3.7.1 Europe: Artificial Intelligence Market – Revenue and Forecast Analysis – by Country
10.3.7.2 United Kingdom: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.3.7.2.1 United Kingdom: Artificial Intelligence Market Breakdown, by Component
10.3.7.2.2 United Kingdom: Artificial Intelligence Market Breakdown, by Deployment
10.3.7.2.3 United Kingdom: Artificial Intelligence Market Breakdown, by Organization Size
10.3.7.2.4 United Kingdom: Artificial Intelligence Market Breakdown, by Industry Vertical
10.3.7.3 Germany: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.3.7.3.1 Germany: Artificial Intelligence Market Breakdown, by Component
10.3.7.3.2 Germany: Artificial Intelligence Market Breakdown, by Deployment
10.3.7.3.3 Germany: Artificial Intelligence Market Breakdown, by Organization Size
10.3.7.3.4 Germany: Artificial Intelligence Market Breakdown, by Industry Vertical
10.3.7.4 France: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.3.7.4.1 France: Artificial Intelligence Market Breakdown, by Component
10.3.7.4.2 France: Artificial Intelligence Market Breakdown, by Deployment
10.3.7.4.3 France: Artificial Intelligence Market Breakdown, by Organization Size
10.3.7.4.4 France: Artificial Intelligence Market Breakdown, by Industry Vertical
10.3.7.5 Italy: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.3.7.5.1 Italy: Artificial Intelligence Market Breakdown, by Component
10.3.7.5.2 Italy: Artificial Intelligence Market Breakdown, by Deployment
10.3.7.5.3 Italy: Artificial Intelligence Market Breakdown, by Organization Size
10.3.7.5.4 Italy: Artificial Intelligence Market Breakdown, by Industry Vertical
10.3.7.6 Russia: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.3.7.6.1 Russia: Artificial Intelligence Market Breakdown, by Component
10.3.7.6.2 Russia: Artificial Intelligence Market Breakdown, by Deployment
10.3.7.6.3 Russia: Artificial Intelligence Market Breakdown, by Organization Size
10.3.7.6.4 Russia: Artificial Intelligence Market Breakdown, by Industry Vertical
10.3.7.7 Rest of Europe: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.3.7.7.1 Rest of Europe: Artificial Intelligence Market Breakdown, by Component
10.3.7.7.2 Rest of Europe: Artificial Intelligence Market Breakdown, by Deployment
10.3.7.7.3 Rest of Europe: Artificial Intelligence Market Breakdown, by Organization Size
10.3.7.7.4 Rest of Europe: Artificial Intelligence Market Breakdown, by Industry Vertical
10.4 Asia Pacific
10.4.1 Asia Pacific Artificial Intelligence Market Overview
10.4.2 Asia Pacific: Artificial Intelligence Market – Revenue, 2021–2031 (US$ Billion)
10.4.3 Asia Pacific: Artificial Intelligence Market Breakdown, by Component
10.4.3.1 Asia Pacific: Artificial Intelligence Market – Revenue and Forecast Analysis – by Component
10.4.4 Asia Pacific: Artificial Intelligence Market Breakdown, by Deployment
10.4.4.1 Asia Pacific: Artificial Intelligence Market – Revenue and Forecast Analysis – by Deployment
10.4.5 Asia Pacific: Artificial Intelligence Market Breakdown, by Organization Size
10.4.5.1 Asia Pacific: Artificial Intelligence Market – Revenue and Forecast Analysis – by Organization Size
10.4.6 Asia Pacific: Artificial Intelligence Market Breakdown, by Industry Vertical
10.4.6.1 Asia Pacific: Artificial Intelligence Market – Revenue and Forecast Analysis – by Industry Vertical
10.4.7 Asia Pacific: Artificial Intelligence Market – Revenue and Forecast Analysis – by Country
10.4.7.1 Asia Pacific: Artificial Intelligence Market – Revenue and Forecast Analysis – by Country
10.4.7.2 China: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.4.7.2.1 China: Artificial Intelligence Market Breakdown, by Component
10.4.7.2.2 China: Artificial Intelligence Market Breakdown, by Deployment
10.4.7.2.3 China: Artificial Intelligence Market Breakdown, by Organization Size
10.4.7.2.4 China: Artificial Intelligence Market Breakdown, by Industry Vertical
10.4.7.3 Japan: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.4.7.3.1 Japan: Artificial Intelligence Market Breakdown, by Component
10.4.7.3.2 Japan: Artificial Intelligence Market Breakdown, by Deployment
10.4.7.3.3 Japan: Artificial Intelligence Market Breakdown, by Organization Size
10.4.7.3.4 Japan: Artificial Intelligence Market Breakdown, by Industry Vertical
10.4.7.4 India: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.4.7.4.1 India: Artificial Intelligence Market Breakdown, by Component
10.4.7.4.2 India: Artificial Intelligence Market Breakdown, by Deployment
10.4.7.4.3 India: Artificial Intelligence Market Breakdown, by Organization Size
10.4.7.4.4 India: Artificial Intelligence Market Breakdown, by Industry Vertical
10.4.7.5 South Korea: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.4.7.5.1 South Korea: Artificial Intelligence Market Breakdown, by Component
10.4.7.5.2 South Korea: Artificial Intelligence Market Breakdown, by Deployment
10.4.7.5.3 South Korea: Artificial Intelligence Market Breakdown, by Organization Size
10.4.7.5.4 South Korea: Artificial Intelligence Market Breakdown, by Industry Vertical
10.4.7.6 Australia: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.4.7.6.1 Australia: Artificial Intelligence Market Breakdown, by Component
10.4.7.6.2 Australia: Artificial Intelligence Market Breakdown, by Deployment
10.4.7.6.3 Australia: Artificial Intelligence Market Breakdown, by Organization Size
10.4.7.6.4 Australia: Artificial Intelligence Market Breakdown, by Industry Vertical
10.4.7.7 Rest of APAC: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.4.7.7.1 Rest of APAC: Artificial Intelligence Market Breakdown, by Component
10.4.7.7.2 Rest of APAC: Artificial Intelligence Market Breakdown, by Deployment
10.4.7.7.3 Rest of APAC: Artificial Intelligence Market Breakdown, by Organization Size
10.4.7.7.4 Rest of APAC: Artificial Intelligence Market Breakdown, by Industry Vertical
10.5 Middle East and Africa
10.5.1 Middle East and Africa Artificial Intelligence Market Overview
10.5.2 Middle East and Africa: Artificial Intelligence Market – Revenue, 2021–2031 (US$ Billion)
10.5.3 Middle East and Africa: Artificial Intelligence Market Breakdown, by Component
10.5.3.1 Middle East and Africa: Artificial Intelligence Market – Revenue and Forecast Analysis – by Component
10.5.4 Middle East and Africa: Artificial Intelligence Market Breakdown, by Deployment
10.5.4.1 Middle East and Africa: Artificial Intelligence Market – Revenue and Forecast Analysis – by Deployment
10.5.5 Middle East and Africa: Artificial Intelligence Market Breakdown, by Organization Size
10.5.5.1 Middle East and Africa: Artificial Intelligence Market – Revenue and Forecast Analysis – by Organization Size
10.5.6 Middle East and Africa: Artificial Intelligence Market Breakdown, by Industry Vertical
10.5.6.1 Middle East and Africa: Artificial Intelligence Market – Revenue and Forecast Analysis – by Industry Vertical
10.5.7 Middle East and Africa: Artificial Intelligence Market – Revenue and Forecast Analysis – by Country
10.5.7.1 Middle East and Africa: Artificial Intelligence Market – Revenue and Forecast Analysis – by Country
10.5.7.2 Saudi Arabia: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.5.7.2.1 Saudi Arabia: Artificial Intelligence Market Breakdown, by Component
10.5.7.2.2 Saudi Arabia: Artificial Intelligence Market Breakdown, by Deployment
10.5.7.2.3 Saudi Arabia: Artificial Intelligence Market Breakdown, by Organization Size
10.5.7.2.4 Saudi Arabia: Artificial Intelligence Market Breakdown, by Industry Vertical
10.5.7.3 United Arab Emirates: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.5.7.3.1 United Arab Emirates: Artificial Intelligence Market Breakdown, by Component
10.5.7.3.2 United Arab Emirates: Artificial Intelligence Market Breakdown, by Deployment
10.5.7.3.3 United Arab Emirates: Artificial Intelligence Market Breakdown, by Organization Size
10.5.7.3.4 United Arab Emirates: Artificial Intelligence Market Breakdown, by Industry Vertical
10.5.7.4 South Africa: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.5.7.4.1 South Africa: Artificial Intelligence Market Breakdown, by Component
10.5.7.4.2 South Africa: Artificial Intelligence Market Breakdown, by Deployment
10.5.7.4.3 South Africa: Artificial Intelligence Market Breakdown, by Organization Size
10.5.7.4.4 South Africa: Artificial Intelligence Market Breakdown, by Industry Vertical
10.5.7.5 Rest of Middle East and Africa: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.5.7.5.1 Rest of Middle East and Africa: Artificial Intelligence Market Breakdown, by Component
10.5.7.5.2 Rest of Middle East and Africa: Artificial Intelligence Market Breakdown, by Deployment
10.5.7.5.3 Rest of Middle East and Africa: Artificial Intelligence Market Breakdown, by Organization Size
10.5.7.5.4 Rest of Middle East and Africa: Artificial Intelligence Market Breakdown, by Industry Vertical
10.6 South and Central America
10.6.1 South and Central America Artificial Intelligence Market Overview
10.6.2 South and Central America: Artificial Intelligence Market – Revenue, 2021–2031 (US$ Billion)
10.6.3 South and Central America: Artificial Intelligence Market Breakdown, by Component
10.6.3.1 South and Central America: Artificial Intelligence Market – Revenue and Forecast Analysis – by Component
10.6.4 South and Central America: Artificial Intelligence Market Breakdown, by Deployment
10.6.4.1 South and Central America: Artificial Intelligence Market – Revenue and Forecast Analysis – by Deployment
10.6.5 South and Central America: Artificial Intelligence Market Breakdown, by Organization Size
10.6.5.1 South and Central America: Artificial Intelligence Market – Revenue and Forecast Analysis – by Organization Size
10.6.6 South and Central America: Artificial Intelligence Market Breakdown, by Industry Vertical
10.6.6.1 South and Central America: Artificial Intelligence Market – Revenue and Forecast Analysis – by Industry Vertical
10.6.7 South and Central America: Artificial Intelligence Market – Revenue and Forecast Analysis – by Country
10.6.7.1 South and Central America: Artificial Intelligence Market – Revenue and Forecast Analysis – by Country
10.6.7.2 Brazil: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.6.7.2.1 Brazil: Artificial Intelligence Market Breakdown, by Component
10.6.7.2.2 Brazil: Artificial Intelligence Market Breakdown, by Deployment
10.6.7.2.3 Brazil: Artificial Intelligence Market Breakdown, by Organization Size
10.6.7.2.4 Brazil: Artificial Intelligence Market Breakdown, by Industry Vertical
10.6.7.3 Argentina: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.6.7.3.1 Argentina: Artificial Intelligence Market Breakdown, by Component
10.6.7.3.2 Argentina: Artificial Intelligence Market Breakdown, by Deployment
10.6.7.3.3 Argentina: Artificial Intelligence Market Breakdown, by Organization Size
10.6.7.3.4 Argentina: Artificial Intelligence Market Breakdown, by Industry Vertical
10.6.7.4 Rest of South and Central America: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
10.6.7.4.1 Rest of South and Central America: Artificial Intelligence Market Breakdown, by Component
10.6.7.4.2 Rest of South and Central America: Artificial Intelligence Market Breakdown, by Deployment
10.6.7.4.3 Rest of South and Central America: Artificial Intelligence Market Breakdown, by Organization Size
10.6.7.4.4 Rest of South and Central America: Artificial Intelligence Market Breakdown, by Industry Vertical
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
12.5 Partnerships and Collaboration
13. Company Profiles
13.1 Company Name
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Advanced Micro Devices Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Google LLC
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 International Business Machines Corp
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Intel Corp
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Microsoft Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 NVIDIA Corp
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Amazon Web Services Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 SAP SE
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 SAS Institute Inc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 Word Index
14.2 About the Insight Partners
List of Tables
Table 1. Artificial Intelligence Market Segmentation
Table 2. List of Vendors
Table 3. Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion)
Table 4. Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion)
Table 5. Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 6. Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 7. Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 8. Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 9. Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 10. Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 11. Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 12. Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 13. North America: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 14. North America: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 15. North America: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 16. North America: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 17. North America: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 18. North America: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 19. North America: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 20. North America: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 21. North America: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Country
Table 22. North America: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Country
Table 23. United States: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 24. United States: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 25. United States: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 26. United States: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 27. United States: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 28. United States: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 29. United States: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 30. United States: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 31. Canada: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 32. Canada: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 33. Canada: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 34. Canada: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 35. Canada: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 36. Canada: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 37. Canada: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 38. Canada: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 39. Mexico: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 40. Mexico: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 41. Mexico: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 42. Mexico: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 43. Mexico: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 44. Mexico: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 45. Mexico: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 46. Mexico: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 47. Europe: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 48. Europe: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 49. Europe: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 50. Europe: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 51. Europe: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 52. Europe: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 53. Europe: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 54. Europe: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 55. Europe: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Country
Table 56. Europe: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Country
Table 57. United Kingdom: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 58. United Kingdom: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 59. United Kingdom: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 60. United Kingdom: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 61. United Kingdom: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 62. United Kingdom: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 63. United Kingdom: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 64. United Kingdom: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 65. Germany: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 66. Germany: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 67. Germany: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 68. Germany: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 69. Germany: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 70. Germany: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 71. Germany: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 72. Germany: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 73. France: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 74. France: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 75. France: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 76. France: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 77. France: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 78. France: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 79. France: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 80. France: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 81. Italy: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 82. Italy: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 83. Italy: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 84. Italy: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 85. Italy: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 86. Italy: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 87. Italy: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 88. Italy: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 89. Russia: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 90. Russia: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 91. Russia: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 92. Russia: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 93. Russia: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 94. Russia: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 95. Russia: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 96. Russia: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 97. Rest of Europe: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 98. Rest of Europe: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 99. Rest of Europe: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 100. Rest of Europe: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 101. Rest of Europe: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 102. Rest of Europe: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 103. Rest of Europe: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 104. Rest of Europe: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 105. Asia Pacific: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 106. Asia Pacific: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 107. Asia Pacific: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 108. Asia Pacific: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 109. Asia Pacific: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 110. Asia Pacific: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 111. Asia Pacific: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 112. Asia Pacific: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 113. Asia Pacific: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Country
Table 114. Asia Pacific: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Country
Table 115. China: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 116. China: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 117. China: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 118. China: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 119. China: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 120. China: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 121. China: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 122. China: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 123. Japan: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 124. Japan: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 125. Japan: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 126. Japan: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 127. Japan: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 128. Japan: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 129. Japan: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 130. Japan: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 131. India: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 132. India: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 133. India: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 134. India: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 135. India: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 136. India: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 137. India: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 138. India: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 139. South Korea: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 140. South Korea: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 141. South Korea: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 142. South Korea: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 143. South Korea: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 144. South Korea: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 145. South Korea: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 146. South Korea: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 147. Australia: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 148. Australia: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 149. Australia: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 150. Australia: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 151. Australia: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 152. Australia: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 153. Australia: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 154. Australia: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 155. Rest of APAC: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 156. Rest of APAC: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 157. Rest of APAC: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 158. Rest of APAC: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 159. Rest of APAC: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 160. Rest of APAC: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 161. Rest of APAC: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 162. Rest of APAC: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 163. Middle East and Africa: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 164. Middle East and Africa: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 165. Middle East and Africa: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 166. Middle East and Africa: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 167. Middle East and Africa: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 168. Middle East and Africa: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 169. Middle East and Africa: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 170. Middle East and Africa: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 171. Middle East and Africa: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Country
Table 172. Middle East and Africa: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Country
Table 173. Saudi Arabia: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 174. Saudi Arabia: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 175. Saudi Arabia: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 176. Saudi Arabia: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 177. Saudi Arabia: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 178. Saudi Arabia: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 179. Saudi Arabia: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 180. Saudi Arabia: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 181. United Arab Emirates: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 182. United Arab Emirates: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 183. United Arab Emirates: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 184. United Arab Emirates: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 185. United Arab Emirates: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 186. United Arab Emirates: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 187. United Arab Emirates: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 188. United Arab Emirates: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 189. South Africa: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 190. South Africa: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 191. South Africa: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 192. South Africa: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 193. South Africa: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 194. South Africa: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 195. South Africa: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 196. South Africa: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 197. Rest of Middle East and Africa: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 198. Rest of Middle East and Africa: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 199. Rest of Middle East and Africa: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 200. Rest of Middle East and Africa: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 201. Rest of Middle East and Africa: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 202. Rest of Middle East and Africa: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 203. Rest of Middle East and Africa: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 204. Rest of Middle East and Africa: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 205. South and Central America: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 206. South and Central America: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 207. South and Central America: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 208. South and Central America: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 209. South and Central America: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 210. South and Central America: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 211. South and Central America: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 212. South and Central America: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 213. South and Central America: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Country
Table 214. South and Central America: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Country
Table 215. Brazil: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 216. Brazil: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 217. Brazil: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 218. Brazil: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 219. Brazil: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 220. Brazil: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 221. Brazil: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 222. Brazil: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 223. Argentina: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 224. Argentina: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 225. Argentina: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 226. Argentina: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 227. Argentina: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 228. Argentina: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 229. Argentina: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 230. Argentina: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 231. Rest of South and Central America: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Component
Table 232. Rest of South and Central America: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Component
Table 233. Rest of South and Central America: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Deployment
Table 234. Rest of South and Central America: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Deployment
Table 235. Rest of South and Central America: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Organization Size
Table 236. Rest of South and Central America: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Organization Size
Table 237. Rest of South and Central America: Artificial Intelligence Market – Revenue, 2021–2024 (US$ Billion) – by Industry Vertical
Table 238. Rest of South and Central America: Artificial Intelligence Market – Revenue Forecast, 2025–2031 (US$ Billion) – by Industry Vertical
Table 239. Company Positioning & Concentration
Table 240. List of Abbreviation
List of Figures
Figure 1. Artificial Intelligence Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Artificial Intelligence Market Revenue (US$ Billion), 2021–2031
Figure 5. Artificial Intelligence Market Share (%) – by Component (2024 and 2031)
Figure 6. Software: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 7. Artificial Intelligence Market Share (%) – by Deployment (2024 and 2031)
Figure 8. Cloud: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 9. On Premises: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 10. Hardware: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 11. Services: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 12. Artificial Intelligence Market Share (%) – by Organization Size (2024 and 2031)
Figure 13. Large Enterprises: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 14. SMEs: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 15. Artificial Intelligence Market Share (%) – by Industry Vertical (2024 and 2031)
Figure 16. IT and Telecom: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 17. BFSI: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 18. Healthcare: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 19. Manufacturing: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 20. Retail and E-Commerce: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 21. Automotive: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 22. Others: Artificial Intelligence Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 23. Artificial Intelligence Market Breakdown by Region, 2024 and 2031 (%)
Figure 24. North America: Artificial Intelligence Market – Revenue, 2021–2031 (US$ Billion)
Figure 25. North America: Artificial Intelligence Market Breakdown, by Component (2024 and 2031)
Figure 26. North America: Artificial Intelligence Market Breakdown, by Deployment (2024 and 2031)
Figure 27. North America: Artificial Intelligence Market Breakdown, by Organization Size (2024 and 2031)
Figure 28. North America: Artificial Intelligence Market Breakdown, by Industry Vertical (2024 and 2031)
Figure 29. North America: Artificial Intelligence Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 30. United States: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 31. Canada: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 32. Mexico: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 33. Europe: Artificial Intelligence Market – Revenue, 2021–2031 (US$ Billion)
Figure 34. Europe: Artificial Intelligence Market Breakdown, by Component (2024 and 2031)
Figure 35. Europe: Artificial Intelligence Market Breakdown, by Deployment (2024 and 2031)
Figure 36. Europe: Artificial Intelligence Market Breakdown, by Organization Size (2024 and 2031)
Figure 37. Europe: Artificial Intelligence Market Breakdown, by Industry Vertical (2024 and 2031)
Figure 38. Europe: Artificial Intelligence Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 39. United Kingdom: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 40. Germany: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 41. France: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 42. Italy: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 43. Russia: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 44. Rest of Europe: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 45. Asia Pacific: Artificial Intelligence Market – Revenue, 2021–2031 (US$ Billion)
Figure 46. Asia Pacific: Artificial Intelligence Market Breakdown, by Component (2024 and 2031)
Figure 47. Asia Pacific: Artificial Intelligence Market Breakdown, by Deployment (2024 and 2031)
Figure 48. Asia Pacific: Artificial Intelligence Market Breakdown, by Organization Size (2024 and 2031)
Figure 49. Asia Pacific: Artificial Intelligence Market Breakdown, by Industry Vertical (2024 and 2031)
Figure 50. Asia Pacific: Artificial Intelligence Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 51. China: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 52. Japan: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 53. India: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 54. South Korea: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 55. Australia: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 56. Rest of APAC: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 57. Middle East and Africa: Artificial Intelligence Market – Revenue, 2021–2031 (US$ Billion)
Figure 58. Middle East and Africa: Artificial Intelligence Market Breakdown, by Component (2024 and 2031)
Figure 59. Middle East and Africa: Artificial Intelligence Market Breakdown, by Deployment (2024 and 2031)
Figure 60. Middle East and Africa: Artificial Intelligence Market Breakdown, by Organization Size (2024 and 2031)
Figure 61. Middle East and Africa: Artificial Intelligence Market Breakdown, by Industry Vertical (2024 and 2031)
Figure 62. Middle East and Africa: Artificial Intelligence Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 63. Saudi Arabia: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 64. United Arab Emirates: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 65. South Africa: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 66. Rest of Middle East and Africa: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 67. South and Central America: Artificial Intelligence Market – Revenue, 2021–2031 (US$ Billion)
Figure 68. South and Central America: Artificial Intelligence Market Breakdown, by Component (2024 and 2031)
Figure 69. South and Central America: Artificial Intelligence Market Breakdown, by Deployment (2024 and 2031)
Figure 70. South and Central America: Artificial Intelligence Market Breakdown, by Organization Size (2024 and 2031)
Figure 71. South and Central America: Artificial Intelligence Market Breakdown, by Industry Vertical (2024 and 2031)
Figure 72. South and Central America: Artificial Intelligence Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 73. Brazil: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 74. Argentina: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 75. Rest of South and Central America: Artificial Intelligence Market – Revenue and Forecast, 2021–2031 (US$ Billion)
Figure 76. Heat Map Analysis by Key Players
The List of Companies - Artificial Intelligence Market
- Accenture Plc
- Advanced Micro Devices Inc
- Google LLC
- International Business Machines Corp
- Intel Corp
- Microsoft Corp
- NVIDIA Corp
- Amazon Web Services Inc
- SAP SE
- SAS Institute Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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