The objectives of this study are to define, segment, and project the size of the Artificial Intelligence Engineering Market based on company, product type, application and key regions.
The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Artificial Intelligence Engineering Market.
The global Artificial Intelligence (AI) engineering market size reached USD 8.05 Billion in 2020 and is expected to register a revenue CAGR of 41.2% during the forecast period. Rapid adoption of automation in various sectors is expected to support market revenue growth during the forecast period. Moreover, increase in private investment for R&D of AI is expected to boost market growth.
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Adoption of automation in various sectors involves integrating automation with various business operations and thereby reducing manual labor significantly. It also involves automation of data collection and preprocessing, which is another major factor driving growth of the global AI engineering market revenue.
Furthermore, wide utility of artificial intelligence is leading to significant rise in private investment for the purpose of research & development. Large enterprises are collaborating with universities in order to fund state-of-the-art research in AI technology.
In view of the current COVID-19 pandemic, the growth of the Artificial Intelligence Engineering industry is expected to be significantly affected, especially due to movement restrictions and lockdowns affecting supply and demand. There has been a significant impact of the COVID-19 pandemic on several sectors of the global market. The Artificial Intelligence Engineering sector is expected to be affected too. The economic slowdown and dynamic changes in the demands will also adversely affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Artificial Intelligence Engineering industry.
Competitive Outlook:
The global Artificial Intelligence Engineering market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Artificial Intelligence Engineering market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Companies profiled in the global Artificial Intelligence Engineering market:
Google LLC, International Business Machines Corporation, Intel Corporation, Baidu, Inc., Oracle Corporation, Salesforce.com, Inc., Cisco Systems, Inc., Meta Platforms, Inc., Siemens AG, and Nvidia Corporation
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Market Scope:
One of the report’s central components is the broad Artificial Intelligence Engineering market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.
Segments Covered in this report are:
Solutions Outlook (Revenue, USD Billion; 2018–2030)
Hardware
Software
Services
Technology Outlook (Revenue, USD Billion; 2018–2030)
Deep Learning
Machine Learning
Supervised Learning
Unsupervised Learning
Reinforcement Learning
Natural Language Processing
Speech Recognition
Optical Character Recognition (OCR)
Semantic Search
Sentiment Analysis
Computer Vision
End-use Outlook (Revenue, USD Billion; 2018–2030)
Healthcare
Automotive & Transportation
Agriculture
IT
Business Management
Manufacturing
Others
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Major Geographies Analyzed in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report addresses the following key points:
The report estimates the expected market size from 2022-2030
The report provides a forecast of market drivers, restraints, and future opportunities for the Artificial Intelligence Engineering market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
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