The global Artificial Intelligence systems spending market is forecast to reach a market size of USD 767.60 Billion by 2028, and register a significantly high CAGR, according to latest analysis by Emergen Research.
The latest report on the Artificial Intelligence Systems Spending market closely surveys, examines and offers vital statistics on the Artificial Intelligence Systems Spending market for the forecast period 2020 – 2028. This market intelligence assessment report weighs up on the potential region that reserves greater opportunities for this industry. Importantly, subject matter experts have taken into account every critical aspect right from the market size, share, and growth to the dramatic shift in the consumer behaviour and their growing spending capacity. The industry assessment study depicts a perfectly clear picture of both the past and the future trends to offer the stakeholders, business owners, and marketing executives an opportunity to zero in on an effective marketing strategy and boost sales.
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Key Highlights of Report
Software segment is expected to lead in terms of revenue growth, and register a CAGR of 47.6% during the forecast period. This high growth rate can be attributed to increasing implementation of AI-enabled chatbot solutions to improve operational activities and customer service.
Deep learning segment is projected to account for largest market share over the forecast period due to growing use of deep learning technology to develop AI-enabled advanced service bot and virtual assistance.
In terms of revenue contribution to the global Artificial Intelligence systems spending market, the automated customer service segment is projected to lead during the forecast period as a result of increasing implementation of AI-based platforms to optimize customer service activities in different end-use industries.
Healthcare segment is projected to account for comparatively higher market share during the forecast period due to growing use of AI platforms for novel cancer drug target identification and validation.
North America market is projected to account for the highest revenue share among other regional markets over the forecast period due to increasing government focus on digital economy transformation in countries in the region.
Key market participants include Google LLC, Microsoft Corporation, Apple Inc., Facebook, Inc., International Business Machines Corporation, Intel Corporation, Wipro Limited, Accenture PLC, Infosys Limited, and Salesforce.com Inc.
In April 2020, Voysis Limited was acquired by Apple Inc. Through this acquisition Apple will strengthen its NLP technology expertise to enhance its AI-driven digital voice assistance application, Siri.
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Component Outlook (Revenue, USD Billion; 2021–2028)
Technology Outlook (Revenue, USD Billion; 2021–2028)
Natural language processing
Artificial general intelligence (AGI)
Artificial super intelligence (ASI)
Application Outlook (Revenue, USD Billion; 2021–2028)
Automated threat intelligence & prevention systems
Fraud analysis & investigation
Automated customer service
End-use Outlook (Revenue, USD Billion; 2021–2028)
Media & entertainment
The industry experts have left no stone unturned to identify the major factors influencing the development rate of the Artificial Intelligence Systems Spending industry including various opportunities and gaps. A thorough analysis of the micro markets with regards to the growth trends in each category makes the overall study interesting. When studying the micro markets the researchers also dig deep into their future prospect and contribution to the Artificial Intelligence Systems Spending industry.
Regional scope- North America; Europe; Asia Pacific; Central & South America; MEA
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Assisted Reproductive Technology Market Segmentation & Impact Analysis
4.1. Assisted Reproductive Technology Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
126.96.36.199. Growing prevalence of ovulation problem
188.8.131.52. Growing awareness and social adoption of assisted reproductive technology
184.108.40.206. Surge in infertility rate
220.127.116.11. Rising number of single women
4.2.3. Market restraints analysis
18.104.22.168. Stringent regulatory norms
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Assisted Reproductive Technology Market By Procedure Insights & Trends, Revenue (USD Million)
Chapter 6. Assisted Reproductive Technology Market By Technology Insights & Trends Revenue (USD Million)
Chapter 7. Assisted Reproductive Technology Market By End-Users Insights & Trends Revenue (USD Million)