Artificial Intelligence Market Trends, Analysis, Size, and Forecast from 2023-28

MarkNtel Advisors has released a research report on the Artificial Intelligence Market Size, Share, Analysis, Research, Report 2028. The research segment utilizes efficient methodologies to convey sales and revenue forecasts for the specified years, enhancing user understanding and supporting well-informed decision-making. Through a combination of qualitative and quantitative data, this report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. To familiarize both existing businesses and new entrants with the present market scenario, the report delivers detailed growth prospects for the industry and concise insights into competitors.

Artificial Intelligence Market Insights:

The Global Artificial Intelligence Market is expected to grow at around 35.1% CAGR during the forecast period, i.e., 2023-28.

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Global Artificial Intelligence Market Drivers:

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 2028.

Global Artificial Intelligence Market Challenges:

Restricted Protection Privacy with AI to Affect the Market Trajectory - Since AI technology employs capabilities like Machine Learning and Deep Learning, among others, it might showcase rigidity in managing data privacy and varied algorithms. These technologies offer search algorithms, recommendation engines, and ad tech networks, which could exploit sensitive user data. It is one of the primary aspects that might restrain the rapid utilization of AI and negatively influence the overall market growth in the coming years.

Leading Companies Operating in the Artificial Intelligence Industry:

-Intel Corporation

-Microsoft

-IBM

-Google

-Amazon Web Services

-Baidu, Inc.

-NVIDIA Corporation

-H2O.ai.

-Sensely, Inc.

-Enlitic, Inc.

-AiCure

-Arm Limited

-Clarifai, Inc.

-Cisco Systems Inc.

-Kyndryl Inc.

-Others

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Artificial Intelligence Market Categorization:

The Artificial Intelligence Market exhibits a high degree of fragmentation, categorizing into distinct segments as follows:

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

-Middle East & Africa

-Asia-Pacific

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Frequently Asked Questions (FAQs)

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfill their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.