Chicago, Nov. 07, 2022 (GLOBE NEWSWIRE) -- The global Artificial Intelligence Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 36.2% during the forecast period, to reach USD  407.0 billion by 2027 from USD  86.9 billion in 2022. Since its introduction in the market, artificial intelligence technology had rapidly acquired acceptance. The worldwide artificial intelligence market is expanding significantly as a result of the increasing demand for artificial intelligence technologies across numerous industry verticals.

Browse in-depth TOC on "Artificial Intelligence Market"

447 – Tables

65 – Figures

431 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=74851580

Scope of the Report :

As per verticals, the healthcare and life sciences segment to grow at highest CAGR during the forecast period

The artificial intelligence market is segmented on verticals into BFSI, IT/ITES, Telecommunication, Healthcare and Life Sciences, Manufacturing, Retail and eCommerce, Government and Defense, Automotive Transportation and Logistics, Energy and Utilities, and other verticals, such as travel and hospitality, and education. As per verticals, the healthcare and life sciences vertical is expected to grow at the highest CAGR during the forecast period. The market for the medical imaging and diagnostics segment is expected to grow at the highest CAGR during the forecast period. Factors such as the presence of a large volume of imaging data, advantages offered by AI systems to radiologists in diagnosis and treatment management, and the influx of a large number of startups in this segment fuel the growth of medical imaging & diagnostics.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=74851580

Computer vision Segment to grow at the highest CAGR during the forecast period

As per technology, computer vision Segment to grow at the highest CAGR for the artificial intelligence market during the forecast period. Computer vision is concerned with the automatic extraction, analysis, and understanding of useful information from a single image or a sequence of image. In the agriculture application, computer vision technology is widely used for monitoring crop health and detecting nutrient deficiency in plants. For instance, IBM offers a solution named “IBM Maximo Visual Inspection,” which enables it to unleash the power of computer vision to automate inspection and produce high-quality outputs.

As per region, North America to have the highest market size during the forecasted period

As per region, North America to have the highest artificial intelligence market size during the forecasted period. North America has been the most-promising region across verticals, such as BFSI, retail and eCommerce, telecom, and travel and hospitality.  The presence of prominent AI technology providers, such as IBM (US), Google (US), Microsoft (US), NVIDIA (US), Intel (US), Meta (US), Salesforce (US), Oracle (US), and AWS (US), is complementing the growth of the market in this region. The presence of such established AI companies and the emergence of new start-ups will strengthen the outlook of this region and enable it to witness a significant increase in investments and early adoption of Artificial Intelligence technology.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=74851580

Market Players

Some of the major Artificial Intelligence Market vendors are Google Inc. (US), Microsoft Corporation (US), NVIDIA Corporation (US), Intel Corporation (US), Samsung Electronics Co., Ltd. (South Korea), IBM Corporation (US), Amazon Web Services, Inc. (US), Oracle (US), Meta (US), Salesforce (US), Cisco (US), Siemens (US), Huawei (China), SAP SE (Germany), SAS Institute (US), Baidu, Inc. (China), Alibaba Cloud (China), iFLYTEK (China), and Hewlett Packard Enterprise Development LP (US).

Browse Adjacent Markets: Analytics Market Research Reports & Consulting

Related Reports

Smart Buildings Market - Global Forecast to 2026

Smart Hospitality Market - Global Forecast to 2027

A2P Messaging Market - Global Forecast to 2027

5G Services Market - Global Forecast to 2026

Zero Trust Security Market - Global Forecast to 2027

CONTACT: About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com