Brazil Artificial Intelligence Market Size & Outlook
Brazil artificial intelligence market, 2017-2030 (US$M)
Related Markets
Brazil artificial intelligence market highlights
- The Brazil artificial intelligence market generated a revenue of USD 11,089.1 million in 2023 and is expected to reach USD 49,209.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 23.7% 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.
Artificial intelligence market data book summary
| Market revenue in 2023 | USD 11,089.1 million |
| Market revenue in 2030 | USD 49,209.2 million |
| Growth rate | 23.7% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 5.6% of the global artificial intelligence market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico artificial intelligence market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 65,390.7 million by 2030.
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Artificial Intelligence Market Scope
Artificial Intelligence Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 35.89% in 2023. Horizon Databook has segmented the Brazil artificial intelligence market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
AI is significantly shaping the future of Brazilian urban management and planning. In order to make its cities more effective and sustainable urban centers, the nation is utilizing AI technologies to enhance public services, increase energy efficiency, and optimize transportation infrastructure.
In Brazil, AI algorithms analyze data on energy consumption, weather patterns, and demand to optimize energy usage in cities. This AI-driven approach leads to more efficient energy resource management, promotes the adoption of renewable energy sources, and helps reduce urban areas' environmental impact.
The adoption of cloud computing in Brazil is a critical driver of artificial intelligence (AI) growth in the country. Cloud computing offers the essential infrastructure, resources, and scalability needed for AI applications, making it easier for businesses and organizations to harness AI technologies without hefty initial investments in hardware and software.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil artificial intelligence market , including forecasts for subscribers. This country databook contains high-level insights into Brazil artificial intelligence market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil artificial intelligence market size, by solution, 2017-2030 (US$M)
Brazil Artificial Intelligence Market Outlook Share, 2023 & 2030 (US$M)
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