Europe Artificial Intelligence Market Size & Outlook
Europe artificial intelligence market, 2017-2030 (US$M)
Related Markets
Europe artificial intelligence market highlights
- The Europe artificial intelligence market generated a revenue of USD 47,908.9 million in 2023.
- The market is expected to grow at a CAGR of 33.9% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 47,908.9 million |
| Market revenue in 2030 | USD 370,335.2 million |
| Growth rate | 33.9% (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, Europe region accounted for 24.4% 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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Europe 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 Europe artificial intelligence market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
In Europe, the financial sector is undergoing a significant transformation due to the growing adoption of AI technologies. AI is being integrated into different areas of finance, leading to revolutionary changes in traditional practices and improving customer experiences.
Finance, healthcare, manufacturing, the automotive industry, and other sectors in Europe increasingly implement AI to improve their operations. AI-driven solutions are used for risk analysis, supply chain optimization, personalized customer experiences, and predictive maintenance.
European manufacturing firms are incorporating AI into production processes to improve supply chain management, predictive maintenance, and quality control. Manufacturers can boost productivity, decrease downtime, and increase efficiency with AI-driven automation.
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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 Europe artificial intelligence market , including forecasts for subscribers. This continent databook contains high-level insights into Europe artificial intelligence market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe artificial intelligence market size, by country, 2017-2030 (US$M)
Europe Artificial Intelligence Market Outlook Share, 2023 & 2030 (US$M)
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