Market Overview:
The global artificial intelligence solutions market is expected to grow at a CAGR of 27.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for artificial intelligence solutions across various industries, such as healthcare, retail, automotive, and logistics. Moreover, the growing adoption of cloud-based artificial intelligence solutions and the increasing demand for text processing and image processing are also contributing to the growth of this market. However, data privacy concerns may restrain the growth of this market during the forecast period.
Product Definition:
Artificial Intelligence Solutions is the application of artificial intelligence technology to provide cognitive computing and decision support capabilities that help organizations achieve their goals. Artificial Intelligence Solutions is important because it can help an organization automate tasks, make better decisions, and improve efficiency.
Cloud-based:
Cloud-based is a model of storing data that provides shared resources and allows users to access information from remote locations. The technology has been around for more than two decades, but only recently has it started gaining traction in the AI solutions market. Cloud computing offers benefits such as scalability, cost effectiveness and ease of use which are expected to drive the growth factor in this market over the forecast period.
On-premises:
On-premises is a term used for software and data that are stored on the end user's system. It can be in the form of a server, computer, laptop or mobile device. The information being stored includes sensitive as well as non-sensitive data.
Application Insights:
The image processing application segment led the market in 2017 and is projected to continue its dominance over the forecast period. This can be attributed to increasing adoption of digital cameras and rising demand for image recognition applications. For instance, Google has developed a machine learning algorithm that automatically detects cats in images which was deployed on its cloud platform. The company claims that this technology can recognize cat faces with 99% accuracy even if they are partially hidden behind trees or bushes.
Text processing accounted for more than 15% share of the global revenue in 2017 owing to an increase in demand for natural language processing applications across various industry verticals such as banking, e-commerce, healthcare etcetera.
Regional Analysis:
The North American regional market accounted for the largest share in 2017 and is expected to maintain its lead over the forecast period. The growth can be attributed to increasing investments by governments in developing artificial intelligence technologies, high internet penetration, and rising adoption of cloud-based services. Moreover, growing demand for consumer electronics with advanced AI capabilities will drive the regional market further.
Asia Pacific is projected to emerge as a lucrative region during the forecast period owing to increasing investments by governments in developing countries such as China and India. Furthermore, an increase in spending on smartphones along with growing internet usage rates has fueled demand for AIs solutions across this region. Additionally, increased focus of companies on tapping into emerging markets such as China and India will boost growth across this region over the next eight years (2030).
Growth Factors:
- Increasing demand for AI-enabled devices and services
- Rapid increase in data generation and its analysis needs
- Growing number of AI startups and their funding activities
- Rising demand for AI in various industrial sectors
- Proliferation of open source platforms and development tools
Scope Of The Report
Report Attributes
Report Details
Report Title
Artificial Intelligence Solutions Market Research Report
By Type
Cloud-based, On-premises
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, H2O.ai, Brainasoft, Yseop, Ipsoft, NanoRep(LogMeIn), Ada Support, Astute Solutions, IDEAL.com, Wipro
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
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Artificial Intelligence Solutions Market Report Segments:
The global Artificial Intelligence Solutions market is segmented on the basis of:
Types
Cloud-based, On-premises
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:
- Baidu
- IBM
- Microsoft
- SAP
- Intel
- Salesforce
- Brighterion
- KITT.AI
- IFlyTek
- Megvii Technology
- Albert Technologies
- H2O.ai
- Brainasoft
- Yseop
- Ipsoft
- NanoRep(LogMeIn)
- Ada Support
- Astute Solutions
- IDEAL.com
- Wipro
Highlights of The Artificial Intelligence Solutions 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:
- Cloud-based
- On-premises
- 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 Artificial Intelligence Solutions 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.
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- Correctly Positioning New Products
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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?
Artificial intelligence solutions are computer programs that can be used to make decisions for themselves. They can be used in a variety of applications, including marketing, finance, and manufacturing.
Some of the major companies in the artificial intelligence solutions market are Google, Baidu, IBM, Microsoft, SAP, Intel, Salesforce, Brighterion, KITT.AI, IFlyTek, Megvii Technology, Albert Technologies, H2O.ai, Brainasoft, Yseop, Ipsoft, NanoRep(LogMeIn), Ada Support, Astute Solutions, IDEAL.com, Wipro.
The artificial intelligence solutions market is expected to grow at a compound annual growth rate of 27.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Artificial Intelligence Solutions 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 Artificial Intelligence Solutions Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Artificial Intelligence Solutions 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 Artificial Intelligence Solutions 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 Artificial Intelligence Solutions Market Size & Forecast, 2020-2028 4.5.1 Artificial Intelligence Solutions Market Size and Y-o-Y Growth 4.5.2 Artificial Intelligence Solutions Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 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 Artificial Intelligence Solutions 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 Artificial Intelligence Solutions 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
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 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
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 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
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 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
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 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
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) 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 Artificial Intelligence Solutions Market: Competitive Dashboard
14.2 Global Artificial Intelligence Solutions 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 H2O.ai
14.3.14 Brainasoft
14.3.15 Yseop
14.3.16 Ipsoft
14.3.17 NanoRep(LogMeIn)
14.3.18 Ada Support
14.3.19 Astute Solutions
14.3.20 IDEAL.com
14.3.21 Wipro