The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Artificial Intelligence Market size, share, analysis future and forecast 2030 comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Detail Overview of Artificial Intelligence Industry Size (2025-2030):
According to the latest report, the Global Artificial Intelligence Market size was valued at USD 214 Billion in 2024 and is projected to reach USD 863.79 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 32.19% from 2025 to 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.
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Artificial Intelligence Market Coverage:
- Historic Period: 2020-23
- Base year: 2024
- Forecast Years: 2025-2030
- Risk & Swot Analysis
- Growth parameters influence Artificial Intelligence market dynamics
Market Dynamics:
Driver-
Accelerating Adoption of Hyper-Personalized AI Services by Customers – As industries are aware of the risks that AI holds, many new entrants across diverse sectors are using these solutions for business growth. Because of it, a rise in customer engagement with these technologies for a successful business in a competitive and dynamic environment is augmenting the demand for AI solutions, tailoring the overall market expansion through the forecast period. Since businesses can build hyper-personalized marketing strategies as per their needs, the provision of AI is increasing rapidly globally and driving the Artificial Intelligence Market through 2030.
Recent Advancement:
- Salesforce and AT&T joined forces on a Connected Climate Initiative (CCI) to reduce greenhouse emissions by 1 gigaton by 2035. This collaboration enables AT&T to use Salesforce’s Net Zero Cloud to measure carbon footprints.
Notable Artificial Intelligence Market Players – Business Description, Product Portfolio, Strategic Alliances or Partnerships, Developments and Financial Details
- Intel Corporation
- Microsoft
- IBM
- Amazon Web Services
- Baidu, Inc.
- NVIDIA Corporation
- ai.
- Sensely, Inc.
- Enlitic, Inc.
- AiCure
- Arm Limited
- Clarifai, Inc.
- Cisco Systems Inc.
- Kyndryl Inc.
- Others
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Segmentation of Artificial Intelligence Market:
- By Offering (Hardware, Software, Services)
- By Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision)
- By Deployment (Cloud, On-premises)
- By Business Function (Marketing and Sales, Security, Finance, Law, Human Resource, Other)
- By Organization Size (Large enterprises, Small and medium-sized enterprises [SMEs])
- By End User (BFSI, Retail, Law, Healthcare, Advertising & Media, Manufacturing, Automotive and Transportation, Others [IT/ITES, Telecommunication, etc.])
- By Region (North America, South America, Europe, Asia-Pacific, Middle East, and Africa)
Machine Learning is a Significant Revenue Generator for the Artificial Intelligence Market
Machine Learning (ML) is a subset of Artificial Intelligence. Different industries are massively investing in AI platforms and cognitive applications, including tagging, categorization, hypothesis, alerting, generation, filtering, clustering, navigation, & visualization, i.e., promoting the development of advisory, intelligent, and cognitively enabled solutions. The healthcare sector is increasingly deploying ML algorithms to assess millions of distinct data points, predict outcomes, and provide rapid risk scores & exact resource allocation. One of the crucial applications of ML in the healthcare sector is the detection and diagnosis of illnesses & conditions that are sometimes difficult to identify. Hence, these aspects indicate the augmenting demand for Machine Learning solutions and, in turn, driving the growth of the artificial intelligence market.
North America to Continue its Dominance in the Market throughout 2030
Favorable government policies, mega investments, and various initiatives toward encouraging the adoption of artificial intelligence (AI) in different end-user verticals like BFSI, retail & e-commerce, telecom, and travel & hospitality are driving the North America Artificial Intelligence Market. Moreover, the rich availability of well-established IT infrastructure, coupled with increased funding for deploying AI solutions in the defense sector to enhance the affordability & effectiveness of military operations, are other prominent aspects stimulating the regional market growth.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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