How has the artificial intelligence (ai) software market evolved, and where is it heading next?
The artificial intelligence (AI) software market size has grown exponentially in recent years. It will grow from $222.57 billion in 2024 to $294.71 billion in 2025 at a compound annual growth rate (CAGR) of 32.4%. The growth in the historic period can be attributed to image recognition and analysis, recommendation engines tools, robotic process automation (RPA) tools, healthcare AI solutions, and regulatory support and ethical guidelines.
The artificial intelligence (AI) software market size is expected to see exponential growth in the next few years. It will grow to $896.32 billion in 2029 at a compound annual growth rate (CAGR) of 32.1%. The growth in the forecast period can be attributed to expansion of AI applications across industries, rise of edge AI and IoT integration, increased adoption of AI in healthcare, and expansion of autonomous systems and robotics. Major trends in the forecast period include explainable AI, AI democratization, AI-powered automation and augmentation, AI in healthcare transformation, AI in cybersecurity, AI in climate and sustainability.
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What are the key drivers behind the rapid expansion of the artificial intelligence (ai) software market?
The increasing investments in AI startups are expected to propel the growth of the artificial intelligence (AI) software market going forward. AI startups are companies that specialize in developing and implementing artificial intelligence (AI) technologies to solve specific problems or meet market demands. Investments in AI startups are increasing due to rising demand for AI solutions across industries and its cost reduction and scalability. Investments in AI startups will support marketing and sales efforts, enabling AI companies to expand their market presence and drive the adoption of software solutions. For instance, in March 2023 according to the International Trade Administration, US-based government agency, the UK AI market is currently valued at more than $21 billion and is projected to exceed $1 trillion by 2035. Therefore, increasing investments in AI startups drive the growth of the artificial intelligence (AI) software market.
What is the segmentation for the artificial intelligence (ai) software market?
The artificial intelligence (AI) software market covered in this report is segmented –
1) By Deployment Model: On-Premises, Cloud
2) By Technology: Computer Vision, Data Analytics, Machine Learning, Natural Language Processing, Other Technologies
3) By Application: Voice Processing, Text Processing, Image Processing
4) By End-User: Law, Retail, Healthcare, Banking, Financial Services, And Insurance, Advertising And Media, Automotive And Transportation, Agriculture, Manufacturing, Others End-Users
Subsegments:
1) By On-Premises: Enterprise AI Solutions, Edge AI Solutions, AI For Data Centers, AI For Manufacturing And Industrial Applications
2) By Cloud: Cloud-Based AI Platforms, AI-As-A-Service (AIaaS), Cloud Machine Learning Services, Cloud AI Analytics Services, Cloud AI Integration Tools
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Who are the most influential companies in the artificial intelligence (ai) software market?
Major companies operating in the artificial intelligence (AI) software market are Amazon.com Inc., Apple Inc., Google Plc, Meta Platforms Inc., Tencent Holdings Limited, Intel Corporation, Accenture plc, International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Oracle Corporation, SAP SE, Salesforce.com Inc., NVIDIA Corporation, Cognizant Technology Solutions Corporation, Adobe Inc., Baidu Inc., Infosys Limited, Wipro Limited, Micro Focus International plc, Palantir Technologies Inc., OpenAI, Nuance Communications Inc., UiPath Inc., Automation Anywhere Inc., CognitiveScale Inc.
What are the most influential trends expected to drive the artificial intelligence (ai) software market forward?
Major companies operating in the artificial intelligence (AI) software market are focusing on developing advanced solutions, such as Security Copilot, to enhance cybersecurity capabilities for their clients. Security Copilot is an advanced solution that leverages artificial intelligence (AI) to enhance cybersecurity measures and respond to cyber threats by analyzing large datasets and automating various cybersecurity tasks. For instance, in March 2024, Microsoft Corporation., a US-based technology company, launched Security Copilot, an AI product designed to empower security teams with advanced capabilities to detect and respond to threats quickly. This tool combines a specialized language model with security-specific capabilities, informed by global threat intelligence, to provide tailored insights and guidance for cybersecurity tasks. It aims to summarize vast data signals into key insights, detect cyber threats proactively, and reinforce security postures effectively.
What are the major regional insights for the artificial intelligence (ai) software market, and which region holds the top position?
North America was the largest region in the artificial intelligence (AI) software market in 2024. The regions covered in the artificial intelligence (AI) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Artificial Intelligence (AI) Software Market Report 2025 Offer?
The artificial intelligence (ai) software market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Artificial intelligence (AI) software refers to computer programs and algorithms capable of learning from data, recognizing patterns, making decisions, and solving problems autonomously or with minimal human intervention, designed to simulate and perform tasks that require human intelligence. This software is applied across various industries and domains to automate processes, enhance decision-making, personalize experiences, optimize operations, and innovate products and services.
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