Mexico Artificial Intelligence Market Size & Outlook
Mexico artificial intelligence market, 2017-2030 (US$M)
Related Markets
Mexico artificial intelligence market highlights
- The Mexico artificial intelligence market generated a revenue of USD 8,367.0 million in 2023 and is expected to reach USD 65,390.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 34.1% 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 8,367.0 million |
| Market revenue in 2030 | USD 65,390.7 million |
| Growth rate | 34.1% (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, Mexico accounted for 4.3% 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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Mexico 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 Mexico artificial intelligence market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
Several research institutions and universities in the country actively engage in advanced AI research, developing advanced AI solutions. For instance, AI applications for healthcare have been developed by researchers at the National Autonomous University of Mexico (UNAM), including using AI algorithms to analyze medical images and aid in diagnosing diseases like cancer.
AI is transforming agriculture in Mexico by enabling precision farming techniques. AI-powered sensors and drones collect data on weather patterns, soil conditions, and crop health, enabling farmers to optimize fertilization and pest control. This results in increased crop yields and resource efficiency.
The healthcare sector in Mexico is leveraging AI to improve patient care and optimize medical processes. AI applications are used for medical imaging analysis, disease diagnosis, and patient monitoring. AI-driven insights help healthcare professionals make more precise diagnoses and tailor treatment plans for better outcomes.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico artificial intelligence market , including forecasts for subscribers. This country databook contains high-level insights into Mexico artificial intelligence market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico artificial intelligence market size, by solution, 2017-2030 (US$M)
Mexico Artificial Intelligence Market Outlook Share, 2023 & 2030 (US$M)
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