Global AI & Machine Learning Market Growth (Status and Outlook) 2023-2029

Global AI & Machine Learning Market Growth (Status and Outlook) 2023-2029

Product Code:518623

Published Date: Sep 04,2023

Pages: 103

Region: Global

Category: Service & Software

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According to our (LP Info Research) latest study, the global AI & Machine Learning market size was valued at US$ million in 2022. With growing demand in downstream market and recovery from influence of COVID-19 and the Russia-Ukraine War, the AI & Machine Learning is forecast to a readjusted size of US$ million by 2029 with a CAGR of % during review period.

The research report highlights the growth potential of the global AI & Machine Learning market. With recovery from influence of COVID-19 and the Russia-Ukraine War, AI & Machine Learning are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of AI & Machine Learning. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the AI & Machine Learning market.

China and the United States are two leaders in AI industry. On the AI 100 list (2022) released by CB Insights, the number of companies in the United States ranks first, with more than 70 companies, followed by the United Kingdom, with 8 companies on the list. China and Canada both holds 5 companies on the list. According to data from the China Academy of Information and Communications Technology, the scale of China's core artificial intelligence industry reached ¥508 billion in 2022, a year-on-year increase of 18%. From 2013 to November 2022, the cumulative number of patent applications for artificial intelligence inventions in the world reached 729,000, and the cumulative number of applications in China reached 389,000, accounting for 53.4%. However, the Global Artificial Intelligence Innovation Index Report 2021 released by the China Institute of Scientific and Technological Information shows that the overall strength of the United States is still far ahead. The number of artificial intelligence companies in the United States is about 4,670, while China has only 880. China's data center is less than 1/89 of that of the United States.

Key Features:
The report on AI & Machine Learning market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the AI & Machine Learning market. It may include historical data, market segmentation by Type (e.g., TensorFlow, Caffe2), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the AI & Machine Learning market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the AI & Machine Learning market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the AI & Machine Learning industry. This include advancements in AI & Machine Learning technology, AI & Machine Learning new entrants, AI & Machine Learning new investment, and other innovations that are shaping the future of AI & Machine Learning.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the AI & Machine Learning market. It includes factors influencing customer ' purchasing decisions, preferences for AI & Machine Learning product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the AI & Machine Learning market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting AI & Machine Learning market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the AI & Machine Learning market. 
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the AI & Machine Learning industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the AI & Machine Learning market.

Market Segmentation:
AI & Machine Learning market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Segmentation by type
    TensorFlow
    Caffe2
    Apache MXNet

Segmentation by application
    Automotive
    Santific Research
    Big Date
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    GOOGLE
    IBM
    BAIDU
    SOUNDHOUND
    ZEBRA MEDICAL VISION
    PRISMA
    IRIS AI
    PINTEREST
    TRADEMARKVISION
    DESCARTES LABS
    Amazon