Germany Artificial Intelligence Market Size & Outlook
Germany artificial intelligence market, 2017-2030 (US$M)
Related Markets
Germany artificial intelligence market highlights
- The Germany artificial intelligence market generated a revenue of USD 15,456.5 million in 2023 and is expected to reach USD 106,396.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 31.7% 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 15,456.5 million |
| Market revenue in 2030 | USD 106,396.8 million |
| Growth rate | 31.7% (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, Germany accounted for 7.9% 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 Europe, Germany artificial intelligence market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 61,107.1 million by 2030.
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Artificial Intelligence Market Scope
Artificial Intelligence Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 Germany artificial intelligence market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
The German government supports AI initiatives for the growth of the development of artificial intelligence. For instance, German AI Strategy and the National AI Competence Center (KI-Campus) are initiatives supported by the German government to promote the adoption of artificial intelligence.
Many AI startups are emerging and gaining traction in Germany's thriving startup ecosystem. Cities with thriving tech and AI innovation hubs, like Berlin, Munich, and Hamburg, attract talent and investment worldwide. Moreover, Germany's strong manufacturing and industrial sectors have embraced AI technologies to enhance automation, optimize processes, and drive innovation.
Germany is using the power of artificial intelligence to enhance personalization across various industries and sectors. For instance, the German e-commerce giant Otto leverages artificial intelligence algorithms to enhance its online activities, focusing on reducing the number of returns. Otto aims to optimize product recommendations and personalize customer experiences using artificial intelligence technology.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany artificial intelligence market , including forecasts for subscribers. This country databook contains high-level insights into Germany artificial intelligence market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany artificial intelligence market size, by solution, 2017-2030 (US$M)
Germany Artificial Intelligence Market Outlook Share, 2023 & 2030 (US$M)
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