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. Growth of the global Artificial Intelligence systems spending market in terms of revenue is expected to increase significantly during the forecast period due to rising demand for AI solutions in the education sector. Rising adoption of AI in the BFSI industry to provide enhanced customer service is also another major factor expected to further boost global Artificial Intelligence systems spending market growth during the forecast period. Rising focus of governments on digital economy transformation is expected to further support market growth going ahead.

However, high cost of AI solutions is expected to restrain adoption, and in turn, impact growth of the global Artificial Intelligence systems spending market growth to a certain extent during the forecast period.

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The report provides detailed insights into Artificial Intelligence Systems Spending market size, market trends, industry trends, consumer trends, market forecast, revenue share growth, along with ranging impacts of each driver on market size. It also provides analysis of various factors expected to restrain or limit potential growth in Artificial Intelligence Systems Spending market size over the forecast period, 2020–2028. The report includes profiles of major players in the Artificial Intelligence Systems Spending market, strategies being employed/deployed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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Global Artificial Intelligence Systems Spending market size expansion is significantly supported by contribution from major segments and increasing deployment in a range of applications.While conducting primary research, the researchers observed that the rapid growth of the Artificial Intelligence Systems Spending Market through the forecast duration is driven by the niche and emerging opportunities for the producers engaged in the worldwide Artificial Intelligence Systems Spending market. The worldwide Artificial Intelligence Systems Spending market has been categorized as product, end-user, and major geographic regions.

In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Artificial Intelligence Systems Spending market share contribution of these countries. In addition, Artificial Intelligence Systems Spending market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.

 

Top key vendors in Artificial Intelligence Systems Spending Market include are:

Google LLC,

Microsoft Corporation,

Apple Inc.,

Facebook, Inc.,

International Business Machines Corporation,

Intel Corporation,

Wipro Limited,

Accenture PLC,

Infosys Limited, and

Salesforce.com Inc.

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

  • Component Outlook (Revenue, USD Billion; 2021–2028)
    • Software
  1. Applications
  2. Platforms
    • Hardware
  1. Server
  2. Storage
    • Service
  1. IT service
  2. Business service
  • Technology Outlook (Revenue, USD Billion; 2021–2028)
    • Natural language processing
    • Deep learning
    • Artificial general intelligence (AGI)
    • Machine vision
    • Artificial super intelligence (ASI)
    • Machine learning
  • Application Outlook (Revenue, USD Billion; 2021–2028)
    • Automated threat intelligence & prevention systems
    • Fraud analysis & investigation
    • Automated customer service
    • Others
  • End-use Outlook (Revenue, USD Billion; 2021–2028)
    • Healthcare
    • BFSI
    • Transportation
    • Education
    • Telecommunications
    • Media & entertainment
    • Retail
    • Manufacturing
    • Construction
    • Information technology
    • Others

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In terms of Artificial Intelligence Systems Spending market share and revenue contribution to the global Artificial Intelligence Systems Spending market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Artificial Intelligence Systems Spending market share.

The market intelligence report on the Artificial Intelligence Systems Spending Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.

Region wise performance of the Artificial Intelligence Systems Spending industry

In terms of Artificial Intelligence Systems Spending market size, North America is expected to remain dominant among the other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting Artificial Intelligence Systems Spending market size growth.

Asia Pacific Artificial Intelligence Systems Spending market size is expected to remain steady, and register fastest revenue growth rate between 2020 and 2028. Rapid revenue growth rate in countries such as China and India is attributable to rapid growth in Artificial Intelligence Systems Spending market size in Asia Pacific, and the trend is expected to continue going ahead.  

Continuous developments in countries in Europe is expected to support growth in regional market size over the forecast period.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting [email protected] https://www.emergenresearch.com/request-for-customization/487

The research provides answers to the following key questions:

  • What will be the growth rate and the market size of the Artificial Intelligence Systems Spending industry for the forecast period 2020-2027?
  • What are the major driving forces expected to impact the development of the Artificial Intelligence Systems Spending market across different regions?
  • Who are the major driving forces expected to decide the fate of the Artificial Intelligence Systems Spending industry worldwide?
  • Who are the prominent market players making a mark in the Artificial Intelligence Systems Spending market with their winning strategies?
  • Which Artificial Intelligence Systems Spending industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
  • What are the key barriers and threats believed to hinder the development of the industry?
  • What are the future opportunities in the Artificial Intelligence Systems Spending market?

Table of Content

Chapter 1. Methodology & Sources

    1.1. Artificial Intelligence Systems Spending Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Artificial Intelligence Systems Spending Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Artificial Intelligence Systems Spending Market Segmentation & Impact Analysis

    4.1. Artificial Intelligence Systems Spending Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Artificial Intelligence Systems Spending Market indicators analysis

          4.2.2. Artificial Intelligence Systems Spending Market drivers analysis

                    4.2.2.1. Rapid urbanization and industrialization

                    4.2.2.2. Stringent government regulations regarding carbon emissions

                    4.2.2.3. Increasing prevalence of respiratory diseases

                    4.2.2.4. Rising need to enhance indoor air quality

          4.2.3. Artificial Intelligence Systems Spending Market restraints analysis

                    4.2.3.1. High cost associated with the maintenance of Artificial Intelligence Systems Spending products

                    4.2.3.2. Availability of renewable sources of energy

    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 10. Competitive Landscape

    10.1. Artificial Intelligence Systems Spending Market Revenue Share By Manufacturers

    10.2. Mergers & Acquisitions

    10.3. Competitor’s Positioning

    10.4. Strategy Benchmarking

    10.5. Vendor Landscape

          10.5.1. Raw Material Suppliers

                    10.5.1.1. North America

                    10.5.1.2. Europe

                    10.5.1.3. Asia Pacific

                    10.5.1.4. Middle East & Africa

                    10.5.1.5. Latin America

          10.5.2. Distributors

                    10.5.2.1. North America

                    10.5.2.2. Europe

                    10.5.2.3. Asia Pacific

                    10.5.2.4. Middle East & Africa

                    10.5.2.5. Latin America

          10.5.3. Others

Continued….

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