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AI Solutions Market Size, Share, And Trends By Deployment (Cloud, On-Premise), By Function (Computer Vision, Machine Learning, Natural Language Processing, Forecasting And Optimization), And By Geography - Forecasts From 2019 To 2024

Published: Mar 2020 | Report Code:  KSI061613051 | Pages:  96

AI Solutions market is projected to grow at a CAGR of 14.81% during the forecast period, reaching a total market size of US$119.866 billion in 2024 from US$52.343 billion in 2018. Artificial Intelligence, as the name suggests, is associated with human intelligence and has similar features such as understanding language, learning, problem-solving, and various others. It is one of the fastest-growing technology. Increasing adoption of cloud-based applications and services, a growing number of connected devices, and rising demand for intelligent virtual assistants. Moreover, increasing machine learning applications in the manufacturing sector is also expected to propel the market growth. However, a lack of trained professionals and privacy concerns is hampering the growth of the market. Geographically, North America region is expected to have a significant market share on account of the strong technical base, presence of key players, and high awareness about the benefits of AI in the region. The market of Asia Pacific region is expected to witness rapid growth during the forecast period owing to increasing investment in AI in the region.  

The “AI Solutions Market– Forecasts from 2019 to 2024” is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by deployment, function, and geography.  

The AI solutions market segmented based on deployment, function, and geography. By deployment, the market has been segmented into cloud and on-premise. By function, the market has been segmented into computer vision, machine learning, and natural language processing, forecasting and optimization.

Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.  

Major players in the AI solutions market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the AI solutions market.

Segmentation:

By Deployment

Cloud

On-Premise

 

By Function

Computer Vision

Machine Learning

Natural Language Processing

Forecasting and Optimization

 

By Geography

North America

USA

Canada

Mexico

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Spain

Others

 

Middle East and Africa

Israel

Saudi Arabia

Others

 

Asia Pacific

China

Japan

South Korea

India

Others


Frequently Asked Questions (FAQs)

Q1. What is the AI Solutions Market size?
A1. The AI Solutions Market was valued at US$52.343 billion in the year 2018.
 
Q2. What will be the AI Solutions Market size by 2024?
A2. The AI Solutions Market is expected to reach a market size of US$119.866 billion by 2024.
 
Q3. What are the growth prospects for the AI Solutions Market?
A3. The AI Solutions Market is expected to grow at a CAGR of 14.81% over the forecast period.
 
Q4. How is the AI Solutions Market segmented?
A4. The AI Solutions Market has been segmented by deployment, function, and geography.
 
Q5. What is the base year considered in the AI Solutions Market report?
A5.  2018 has been taken as the base year in the AI Solutions Market.
 

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