Global Artificial Intelligence Market Size & Outlook
Global artificial intelligence market, 2017-2030 (US$M)
Related Markets
Global artificial intelligence market highlights
- The global artificial intelligence market generated a revenue of USD 196,633.9 million in 2023 and is expected to reach USD 1,811,747.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 37.3% by 2030.
- In terms of segment, software accounted for a revenue of USD 70,453.6 million in 2023.
- Services is the most lucrative solution segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 196,633.9 million |
| Market revenue in 2030 | USD 1,811,747.3 million |
| Growth rate | 37.3% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 30.9% of the global artificial intelligence market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 49,209.2 million by 2030.
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Artificial Intelligence Market Scope
Artificial Intelligence Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global artificial intelligence market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to artificial intelligence market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 35.83% in 2023. Horizon Databook has segmented the Global artificial intelligence market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Artificial Intelligence Solution Outlook (Revenue, USD Million, 2017-2030)
- Hardware
- Accelerators
- Processors
- Memory
- Network
- Software
- Services
- Professional Services
- Managed Services
- Hardware
- Global Artificial Intelligence Technology Outlook (Revenue, USD Million, 2017-2030)
- Deep Learning
- Machine Learning
- Natural Language Processing (NLP)
- Machine Vision
- Generative AI
- Global Artificial Intelligence End Use Outlook (Revenue, USD Million, 2017-2030)
- Healthcare
- Robot Assisted Surgery
- Virtual Nursing Assistants
- Hospital Workflow Management
- Dosage Error Reduction
- Clinical Trial Participant Identifier
- Preliminary Diagnosis
- Automated Image Diagnosis
- BFSI
- Risk Assessment
- Financial Analysis/Research
- Investment/Portfolio Management
- Others
- Law
- Retail
- Advertising & Media
- Automotive & Transportation
- Agriculture
- Manufacturing
- Others (Oil & Gas, Education, Aerospace & Defense, Cybersecurity )
- Healthcare
- Global Artificial Intelligence Function Outlook (Revenue, USD Million, 2017-2030)
- Cybersecurity
- Finance and Accounting
- Human Resource Management
- Legal and Compliance
- Operations
- Sales and Marketing
- Supply Chain Management
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Horizon Databook provides a detailed overview of global-level data and insights on the Global artificial intelligence market , including forecasts for subscribers. This global databook contains high-level insights into Global artificial intelligence market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global artificial intelligence market size, by regions, 2017-2030 (US$M)
Top 10 countries: Artificial intelligence market size, 2023 (US$M)
Global artificial intelligence market share, by solution, 2023 & 2030 (%, US$M)
Artificial intelligence market: Opportunity assessment by country
Global artificial intelligence market, by region, 2023 (US$M)
| Solution | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 6,365.7 | 9,868.0 | 15,049.5 | 22,323.6 | 31,862.7 | 44,297.7 | 60,787.7 | 82,321.1 | 109,998.9 | 144,999.1 | 188,520.3 | 240,793.0 | 305,708.7 | 386,097.8 | 30.2% |
| Europe | 4,282.7 | 6,854.4 | 10,736.2 | 16,345.0 | 23,926.8 | 34,091.4 | 47,908.9 | 66,391.6 | 90,708.9 | 122,162.4 | 162,138.1 | 214,342.1 | 282,152.8 | 370,335.2 | 33.9% |
| Asia Pacific | 2,570.9 | 4,518.1 | 7,770.6 | 12,989.8 | 20,879.4 | 32,665.9 | 50,405.8 | 76,699.5 | 115,065.3 | 170,155.8 | 248,709.5 | 359,042.2 | 515,068.9 | 734,756.7 | 46.6% |
| Latin America | 1,334.7 | 2,560.9 | 4,529.9 | 7,565.0 | 11,861.0 | 17,723.9 | 25,611.2 | 35,780.1 | 48,254.7 | 62,628.1 | 77,063.3 | 98,517.5 | 123,913.7 | 154,229.5 | 29.2% |
| MEA | 630.7 | 1,101.7 | 1,883.2 | 3,128.8 | 4,998.5 | 7,772.5 | 11,920.3 | 18,027.8 | 26,880.5 | 39,507.7 | 57,225.2 | 82,143.2 | 117,182.1 | 166,328.1 | 45.7% |
| Overall | 15,184.8 | 24,903.0 | 39,969.4 | 62,352.2 | 93,528.3 | 136,551.3 | 196,633.9 | 279,220.1 | 390,908.1 | 539,453.2 | 733,656.4 | 994,838.0 | 1,344,026.2 | 1,811,747.3 | 37.3% |
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