Asia Pacific Artificial Intelligence Market Size & Outlook
Asia Pacific artificial intelligence market, 2017-2030 (US$M)
Related Markets
Asia Pacific artificial intelligence market highlights
- The Asia Pacific artificial intelligence market generated a revenue of USD 50,405.8 million in 2023.
- The market is expected to grow at a CAGR of 46.6% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating solution in 2023.
- Services is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 50,405.8 million |
| Market revenue in 2030 | USD 734,756.7 million |
| Growth rate | 46.6% (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 |
| Key market players worldwide | Advanced Micro Devices Inc, AiCure, ARM Holdings PLC ADR, Baidu Inc ADR, Alphabet Inc Class A, International Business Machines Corp, Intel Corp, Microsoft Corp, NVIDIA Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 25.6% of the global artificial intelligence market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 734,756.7 million by 2030.
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Artificial Intelligence Market Scope
Artificial Intelligence Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 35.86% in 2023. Horizon Databook has segmented the Asia Pacific artificial intelligence market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
Asia-Pacific's financial industry uses AI for customer service, credit scoring, risk assessment, and fraud detection. AI-powered chatbots are used more frequently to improve customer interactions and provide seamless banking experiences.
AI has the potential to revolutionize various industries, and numerous countries in the Asia-Pacific region are heavily investing in AI research and development. China, Japan, South Korea, Singapore, and India are leading the way in promoting AI adoption and fostering innovation through government-led initiatives.
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Our clientele includes a mix of artificial intelligence market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific artificial intelligence market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific artificial intelligence market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific artificial intelligence market size, by country, 2017-2030 (US$M)
Asia Pacific Artificial Intelligence Market Outlook Share, 2023 & 2030 (US$M)
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