Global Artificial intelligence AI
Market Report
2025
Artificial Intelligence (AI) market size will be USD 161.2 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 37.90% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Artificial Intelligence (AI) market size will be USD 161.2 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 37.90% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Artificial intelligence AI Market Sales Revenue | $ 115.943 Billion | $ 350.933 Billion | $ 3215.02 Billion | 31.9% |
North America Artificial intelligence AI Market Sales Revenue | $ 37.913 Billion | $ 112.973 Billion | $ 1003.09 Billion | 31.385% |
United States Artificial intelligence AI Market Sales Revenue | $ 30.672 Billion | $ 90.482 Billion | $ 787.422 Billion | 31.056% |
Canada Artificial intelligence AI Market Sales Revenue | $ 5.816 Billion | $ 18.36 Billion | $ 182.963 Billion | 33.294% |
Mexico Artificial intelligence AI Market Sales Revenue | $ 1.426 Billion | $ 4.131 Billion | $ 32.701 Billion | 29.513% |
Europe Artificial intelligence AI Market Sales Revenue | $ 31.189 Billion | $ 92.491 Billion | $ 813.399 Billion | 31.228% |
United Kingdom Artificial intelligence AI Market Sales Revenue | $ 4.756 Billion | $ 13.757 Billion | $ 115.096 Billion | 30.412% |
Germany Artificial intelligence AI Market Sales Revenue | $ 5.863 Billion | $ 17.264 Billion | $ 149.665 Billion | 30.993% |
France Artificial intelligence AI Market Sales Revenue | $ 4.772 Billion | $ 14.243 Billion | $ 126.89 Billion | 31.44% |
Italy Artificial intelligence AI Market Sales Revenue | $ 3.446 Billion | $ 10.432 Billion | $ 95.574 Billion | 31.901% |
Russia Artificial intelligence AI Market Sales Revenue | $ 2.62 Billion | $ 8.123 Billion | $ 78.086 Billion | 32.696% |
Spain Artificial intelligence AI Market Sales Revenue | $ 2.246 Billion | $ 6.897 Billion | $ 65.072 Billion | 32.385% |
Sweden Artificial intelligence AI Market Sales Revenue | $ 1.84 Billion | $ 5.331 Billion | $ 44.737 Billion | 30.462% |
Denmark Artificial intelligence AI Market Sales Revenue | $ 1.403 Billion | $ 4.067 Billion | $ 34.163 Billion | 30.475% |
Switzerland Artificial intelligence AI Market Sales Revenue | $ 1.684 Billion | $ 5.055 Billion | $ 45.55 Billion | 31.626% |
Luxembourg Artificial intelligence AI Market Sales Revenue | $ 1.307 Billion | $ 3.751 Billion | $ 30.909 Billion | 30.164% |
Rest of Europe Artificial intelligence AI Market Sales Revenue | $ 1.251 Billion | $ 3.57 Billion | $ 27.656 Billion | 29.164% |
Asia Pacific Artificial intelligence AI Market Sales Revenue | $ 33.276 Billion | $ 103.284 Billion | $ 995.047 Billion | 32.732% |
China Artificial intelligence AI Market Sales Revenue | $ 11.48 Billion | $ 35.25 Billion | $ 332.346 Billion | 32.374% |
Japan Artificial intelligence AI Market Sales Revenue | $ 5.657 Billion | $ 17.062 Billion | $ 155.227 Billion | 31.785% |
India Artificial intelligence AI Market Sales Revenue | $ 5.258 Billion | $ 17.444 Billion | $ 192.044 Billion | 34.964% |
South Korea Artificial intelligence AI Market Sales Revenue | $ 3.061 Billion | $ 9.327 Billion | $ 86.569 Billion | 32.116% |
Australia Artificial intelligence AI Market Sales Revenue | $ 2.196 Billion | $ 6.952 Billion | $ 69.653 Billion | 33.385% |
Singapore Artificial intelligence AI Market Sales Revenue | $ 1.308 Billion | $ 4.176 Billion | $ 42.588 Billion | 33.679% |
South East Asia Artificial intelligence AI Market Sales Revenue | $ 2.063 Billion | $ 6.281 Billion | $ 58.21 Billion | 32.091% |
Taiwan Artificial intelligence AI Market Sales Revenue | $ 1.374 Billion | $ 4.178 Billion | $ 38.608 Billion | 32.043% |
Rest of APAC Artificial intelligence AI Market Sales Revenue | $ 0.878 Billion | $ 2.614 Billion | $ 19.801 Billion | 28.804% |
South America Artificial intelligence AI Market Sales Revenue | $ 7.188 Billion | $ 22.058 Billion | $ 207.69 Billion | 32.352% |
Brazil Artificial intelligence AI Market Sales Revenue | $ 3.163 Billion | $ 9.669 Billion | $ 90.345 Billion | 32.226% |
Argentina Artificial intelligence AI Market Sales Revenue | $ 1.402 Billion | $ 4.395 Billion | $ 43.22 Billion | 33.074% |
Colombia Artificial intelligence AI Market Sales Revenue | $ 0.97 Billion | $ 3.043 Billion | $ 29.907 Billion | 33.066% |
Peru Artificial intelligence AI Market Sales Revenue | $ 0.64 Billion | $ 1.929 Billion | $ 17.55 Billion | 31.781% |
Chile Artificial intelligence AI Market Sales Revenue | $ 0.532 Billion | $ 1.61 Billion | $ 14.746 Billion | 31.897% |
Rest of South America Artificial intelligence AI Market Sales Revenue | $ 0.482 Billion | $ 1.413 Billion | $ 11.921 Billion | 30.555% |
Middle East Artificial intelligence AI Market Sales Revenue | $ 3.015 Billion | $ 9.57 Billion | $ 96.45 Billion | 33.482% |
Saudi Arabia Artificial intelligence AI Market Sales Revenue | $ 0.892 Billion | $ 2.817 Billion | $ 28.067 Billion | 33.293% |
Turkey Artificial intelligence AI Market Sales Revenue | $ 0.576 Billion | $ 1.82 Billion | $ 18.171 Billion | 33.33% |
UAE Artificial intelligence AI Market Sales Revenue | $ 0.479 Billion | $ 1.586 Billion | $ 17.361 Billion | 34.869% |
Egypt Artificial intelligence AI Market Sales Revenue | $ 0.392 Billion | $ 1.249 Billion | $ 12.685 Billion | 33.613% |
Qatar Artificial intelligence AI Market Sales Revenue | $ 0.271 Billion | $ 0.845 Billion | $ 8.198 Billion | 32.848% |
Rest of Middle East Artificial intelligence AI Market Sales Revenue | $ 0.404 Billion | $ 1.254 Billion | $ 11.967 Billion | 32.575% |
Africa Artificial intelligence AI Market Sales Revenue | $ 3.362 Billion | $ 10.557 Billion | $ 99.344 Billion | 32.342% |
Nigeria Artificial intelligence AI Market Sales Revenue | $ 1.52 Billion | $ 4.711 Billion | $ 43.215 Billion | 31.92% |
South Africa Artificial intelligence AI Market Sales Revenue | $ 1.311 Billion | $ 4.19 Billion | $ 40.84 Billion | 32.924% |
Rest of Africa Artificial intelligence AI Market Sales Revenue | $ 0.531 Billion | $ 1.656 Billion | $ 15.289 Billion | 32.03% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Offering |
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Market Split by Technology |
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Market Split by Business Function |
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Market Split by Verticals |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Report scope is customizable as we have a huge database of Artificial intelligence AI industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Artificial intelligence AI Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Several industries are changing due to artificial intelligence (AI), which is also developing as a major force behind robotics, big data analytics, and the IoT. Moreover, the popularity of generative AI technologies is rising, which is contributing to the market growth. Given its current trajectory, the artificial intelligence (AI) sector is expected to continue as a potent technical innovator, driving breakthroughs for the foreseeable future. The worldwide artificial intelligence market has grown dramatically due in large part to the rapid spread of the internet and digital technologies. The IT companies' substantial R&D expenditures are driving ongoing technological improvements across a range of industries.
The artificial intelligence industry is expanding as a result of the growing use of autonomous AI. This movement is driven by developments in NPL, ML, and algorithms that make it possible to create complex autonomous AI systems. Because these systems are more accurate and dependable, businesses from a variety of industries are drawn to them. Operations are optimized using autonomous AI, which lowers costs and boosts output. Applications for it can be found in the manufacturing, transportation, healthcare, and financial industries. The use of autonomous AI is further propelled by the automation-driven cost reduction connected with the industry.
AI is being embraced across different industries, from health care to banking and manufacturing, to automate procedures, increase efficiency, and decrease costs., Its increasing adoption illustrates the expansion of AI utilized in numerous departments, as most executives opine automation has the capacity to improve any business decision. It is so flexible and expandable that organizations can deploy AI for various applications, including automation of processes, predictive maintenance, and user servicing, revolutionizing business operations.
For Instance, in May 2024, Newgen Software introduced LumYn, the globe's first Gen AI-driven hyper-personalization platform for banks. LumYn boosts client interaction using conversational AI and predictive intelligence to deliver customized product launches while maintaining data security and privacy.
(Source:https://newgensoft.com/company/press-releases/lumyn-ai-powered-hyper-personalization-platform/ )
This adoption is also driven by the convergence of AI with cloud computing and big data technologies, which increase its analytical power and availability, thus increasing its use across various industries. Additionally, regulatory progress and growing government support for AI research and ethical frameworks are encouraging safe and responsible deployment of AI, further pushing its market penetration and innovation.
Lack of data availability, especially in niche markets or specialized markets, impedes market growth, which also costs a lot during data collection.
Growth in the AI market is severely hampered by problems with bias and incorrectly generated output.
The evolution and uptake of artificial intelligence (AI) technologies in various industries, ethical issues continue to be a strong hindrance on the growth of the market. These include the possibilities of AI misuse through decision making bias in algorithms, invasion of data privacy, overreach of surveillance, and lack of transparency in AI systems. Both organizations and consumers increasingly realize how AI may reinforce social inequalities or produce unintended effects, especially in such sensitive domains as healthcare, law enforcement, hiring, and finance.
Governments and regulatory agencies are now enforcing stricter ethical standards and compliance requirements, which can hinder the rollout of AI solutions. For example, the European Union's AI Act imposes stringent requirements on high-risk AI systems, raising development costs and constraining scalability for businesses. Moreover, public confidence in AI technologies is diminishing in certain industries, further deterring investment and adoption.
Job displacement fears owing to automation add to workforce and policymaker resistance, impacting long-term planning and integration. These are moral issues requiring more accountable innovation and need for explainable AI, transparency, and accountability frameworks, which as much as they are vital, increase complexity and timeliness in AI deployment eventually serving as a brake on overall market expansion.
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June 2024 - Mediktor, the top digital healthcare firm, has announced the acquisition of San Francisco-based digital healthcare provider Sensely, which innovated an empathy-based conversation platform to assist hospital systems and insurance services with best-in-class member engagement. The combination forms one of the largest AI-based solutions providers in the healthcare space globally.
(Source:https://www.mediktor.com/en-us/news/press/mediktor-acquires-sensely-and-consolidates-its-position-as-a-leader-in-ai-healthcare-solutions )
In March 2025, ServiceNow introduced a family of AI-based products to advance enterprise workflow automation. The products consist of AI Agent Studio, a no-code environment for building custom AI agents; AI Agent Orchestrator, a control tower for easy AI agent coordination; and thousands of pre-packaged AI agents to streamline operations and lower mean-time-to-resolution.
(Source- https://www.servicenow.com/products/ai-agents.html)
Top Companies Market Share in Artificial intelligence AI Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Region and country analysis section of Artificial intelligence AI Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Artificial intelligence AI market.
The current report Scope analyzes Artificial intelligence AI Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Artificial intelligence AI Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Artificial intelligence AI Industry growth. Artificial intelligence AI market has been segmented with the help of its Offering, Technology Business Function, and others. Artificial intelligence AI market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Hardware
Software
Services
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Machine Learning
NLP
Context awareness
Computer Vision
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Artificial intelligence AI Market is witnessing significant growth in the near future.
In 2023, the Hardware segment accounted for noticeable share of global Artificial intelligence AI Market and is projected to experience significant growth in the near future.
The Machine Learning segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Intel Corporation , IBM and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
The continuous research and innovation directed by tech giants are driving the adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing. The AI market is expected to witness significant growth in the coming years, driven by the increasing demand for AI-powered solutions in various industries
Disclaimer:
Offering | Hardware, Software, Services |
Technology | Machine Learning, NLP, Context awareness, Computer Vision |
Business Function | Finance, Security, Human Resources, Law, Marketing and sales, Operations, Supply Chain Management, Others |
Verticals | BFSI, Retail & Ecommerce, Automotive, Transportation and Logistics, Government & Defense, Healthcare & Life Sciences, Telecom, Energy & Utilities, Manufacturing, Agriculture, Media & Entertainment, Other Verticals |
List of Competitors | Intel Corporation, Microsoft, IBM, Google, Amazon Web Services, Baidu Inc, NVIDIA Corporation, H2O ai, Lifegraph, Sensely Inc, Enlitic Inc, AiCure, HyperVerge Inc, Arm Limited, Clarifai Inc |
This chapter will help you gain GLOBAL Market Analysis of Artificial intelligence AI. Further deep in this chapter, you will be able to review Global Artificial intelligence AI Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Artificial intelligence AI. Further deep in this chapter, you will be able to review North America Artificial intelligence AI Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Artificial intelligence AI. Further deep in this chapter, you will be able to review Europe Artificial intelligence AI Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Artificial intelligence AI. Further deep in this chapter, you will be able to review Asia Pacific Artificial intelligence AI Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Artificial intelligence AI. Further deep in this chapter, you will be able to review South America Artificial intelligence AI Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Artificial intelligence AI. Further deep in this chapter, you will be able to review Middle East Artificial intelligence AI Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Artificial intelligence AI. Further deep in this chapter, you will be able to review Middle East Artificial intelligence AI Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Artificial intelligence AI. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Offering Analysis 2019 -2031, will provide market size split by Offering. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Offering Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Technology Analysis 2021 - 2033
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Chapter 12 Market Split by Business Function Analysis 2021 - 2033
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Chapter 13 Market Split by Verticals Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Artificial intelligence AI market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
Why Hardware have a significant impact on Artificial intelligence AI market? |
What are the key factors affecting the Hardware and Software of Artificial intelligence AI Market? |
What is the CAGR/Growth Rate of Machine Learning during the forecast period? |
By type, which segment accounted for largest share of the global Artificial intelligence AI Market? |
Which region is expected to dominate the global Artificial intelligence AI Market within the forecast period? |
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