Market Overview:
The global AI software and platforms market is expected to grow at a CAGR of 27.5% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for AI-enabled applications, such as voice processing, text processing, and image processing. In addition, the growing adoption of cloud-based AI software and platforms is also contributing to the growth of this market. North America is expected to hold the largest share of the global AI software and platforms market in 2018, followed by Europe.
Product Definition:
Artificial intelligence software and platforms are used to create, manage, and execute artificial intelligence applications. They provide the tools necessary to build AI models and manage data, as well as the infrastructure needed to run these models.
The importance of AI software and platforms lies in their ability to enable businesses to take advantage of artificial intelligence technologies. By providing the means to develop and deploy AI applications, these tools make it possible for companies of all sizes to harness the power of machine learning. This can result in increased efficiency and competitiveness, as well as improved customer experiences.
On-Premise:
On-premise solutions are used to develop, train and deploy machine learning models. The growth of the on-premise segment can be attributed to the need for highly secured data processing as well as superior computing power.
The usage of cloud has grown exponentially in recent years owing to its benefits such as scalability, cost effectiveness and flexibility.
Cloud-based:
Cloud-based software is a type of software that provides services such as data storage, data processing and analytics. It uses virtual machines, internet connections and server-based architecture to process information. The technology helps in reducing the cost of hardware acquisition, installation and maintenance along with providing flexibility to users for accessing the system remotely across different locations.
Application Insights:
The image processing application segment led the market in 2017 and is projected to witness significant growth over the forecast period. The increasing volume of images processed on a daily basis requires advanced software, which can recognize patterns and make decisions rapidly. This has resulted in increased adoption of image processing AI platforms across several applications, such as facial recognition, object detection, text recognition and others.
Text processing is also expected to register a notable CAGR during the forecast period owing to its growing use cases in banking services for fraud detection, customer profiling and risk management among others. The rising need for analyzing large volumes of text data generated through social media channels or web search is anticipated to drive demand over the coming years.
The voice processing segment accounted for around 15% share within the global AI software & platforms market by revenue in 2017 due largelyto increasing adoption across several industries including financial services (banking), telecomms (voice-based remote control).
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of a large number of AI-based companies and increased investments in R&D for developing advanced algorithms. Moreover, increasing demand for consumer electronics with enhanced artificial intelligence capabilities is expected to drive regional market growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing adoption of voice processing and text analytics applications across various industries such as banking, insurance, telecom among others. Increasing use cases such as loan approval are also driving regional demand for AI software platforms in this region.
Growth Factors:
- Increasing demand for AI software and platforms from various industry verticals to enable advanced analytics, machine learning, and deep learning.
- Proliferation of big data and the increasing need for advanced analytics to derive insights is fueling the demand for AI software and platforms.
- Growing number of startups focused on developing AI software and platforms is helping to innovate new technologies and solutions in the market.
- The increasing focus of large technology companies on artificial intelligence is propelling the growth of the AI software market .
Scope Of The Report
Report Attributes
Report Details
Report Title
AI Software and Platforms Market Research Report
By Type
On-Premise, Cloud-based
By Application
Voice Processing, Text Processing, Image Processing
By Companies
Google, Baidu, IBM, Microsoft, SAP, Intel, Salesforce, Brighterion, KITT.AI, iFlyTek, Megvii Technology, Albert Technologies, Yseop, Ipsoft, nanoRep(LogMeIn), Ada Support, Astute Solutions, IDEAL.com, Wipro, H2O.ai, Brainasoft
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global AI Software and Platforms Market Report Segments:
The global AI Software and Platforms market is segmented on the basis of:
Types
On-Premise, Cloud-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Voice Processing, Text Processing, Image Processing
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Google
- Baidu
- IBM
- Microsoft
- SAP
- Intel
- Salesforce
- Brighterion
- KITT.AI
- iFlyTek
- Megvii Technology
- Albert Technologies
- Yseop
- Ipsoft
- nanoRep(LogMeIn)
- Ada Support
- Astute Solutions
- IDEAL.com
- Wipro
- H2O.ai
- Brainasoft
Highlights of The AI Software and Platforms Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-Premise
- Cloud-based
- By Application:
- Voice Processing
- Text Processing
- Image Processing
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the AI Software and Platforms Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
AI software and platforms are computer programs that allow machines to learn from data, make decisions, and carry out tasks. AI software can be used in a variety of applications, including customer service, marketing, finance, manufacturing, and more.
Some of the major companies in the ai software and platforms market are Google, Baidu, IBM, Microsoft, SAP, Intel, Salesforce, Brighterion, KITT.AI, iFlyTek, Megvii Technology, Albert Technologies, Yseop, Ipsoft, nanoRep(LogMeIn), Ada Support, Astute Solutions, IDEAL.com, Wipro, H2O.ai, Brainasoft.
The ai software and platforms market is expected to register a CAGR of 27.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 AI Software and Platforms Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 AI Software and Platforms Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 AI Software and Platforms Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the AI Software and Platforms Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global AI Software and Platforms Market Size & Forecast, 2018-2028
4.5.1 AI Software and Platforms Market Size and Y-o-Y Growth
4.5.2 AI Software and Platforms Market Absolute $ Opportunity
Chapter 5 Global AI Software and Platforms Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 AI Software and Platforms Market Size Forecast by Type
5.2.1 On-Premise
5.2.2 Cloud-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global AI Software and Platforms Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 AI Software and Platforms Market Size Forecast by Applications
6.2.1 Voice Processing
6.2.2 Text Processing
6.2.3 Image Processing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global AI Software and Platforms Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 AI Software and Platforms Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America AI Software and Platforms Analysis and Forecast
9.1 Introduction
9.2 North America AI Software and Platforms Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America AI Software and Platforms Market Size Forecast by Type
9.6.1 On-Premise
9.6.2 Cloud-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America AI Software and Platforms Market Size Forecast by Applications
9.10.1 Voice Processing
9.10.2 Text Processing
9.10.3 Image Processing
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe AI Software and Platforms Analysis and Forecast
10.1 Introduction
10.2 Europe AI Software and Platforms Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe AI Software and Platforms Market Size Forecast by Type
10.6.1 On-Premise
10.6.2 Cloud-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe AI Software and Platforms Market Size Forecast by Applications
10.10.1 Voice Processing
10.10.2 Text Processing
10.10.3 Image Processing
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific AI Software and Platforms Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific AI Software and Platforms Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific AI Software and Platforms Market Size Forecast by Type
11.6.1 On-Premise
11.6.2 Cloud-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific AI Software and Platforms Market Size Forecast by Applications
11.10.1 Voice Processing
11.10.2 Text Processing
11.10.3 Image Processing
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America AI Software and Platforms Analysis and Forecast
12.1 Introduction
12.2 Latin America AI Software and Platforms Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America AI Software and Platforms Market Size Forecast by Type
12.6.1 On-Premise
12.6.2 Cloud-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America AI Software and Platforms Market Size Forecast by Applications
12.10.1 Voice Processing
12.10.2 Text Processing
12.10.3 Image Processing
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) AI Software and Platforms Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) AI Software and Platforms Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) AI Software and Platforms Market Size Forecast by Type
13.6.1 On-Premise
13.6.2 Cloud-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) AI Software and Platforms Market Size Forecast by Applications
13.10.1 Voice Processing
13.10.2 Text Processing
13.10.3 Image Processing
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 AI Software and Platforms Market: Competitive Dashboard
14.2 Global AI Software and Platforms Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Google
14.3.2 Baidu
14.3.3 IBM
14.3.4 Microsoft
14.3.5 SAP
14.3.6 Intel
14.3.7 Salesforce
14.3.8 Brighterion
14.3.9 KITT.AI
14.3.10 iFlyTek
14.3.11 Megvii Technology
14.3.12 Albert Technologies
14.3.13 Yseop
14.3.14 Ipsoft
14.3.15 nanoRep(LogMeIn)
14.3.16 Ada Support
14.3.17 Astute Solutions
14.3.18 IDEAL.com
14.3.19 Wipro
14.3.20 H2O.ai
14.3.21 Brainasoft
