Global Artificial Intelligence Systems Spending Market to Witness a Stunning 46.1% CAGR During the Assessment Period 2017 - 2027

Sep 13,2017 | Technology

A new report published by Future Market Insights titled “Artificial Intelligence Systems Spending Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)” studies the performance of the global artificial intelligence systems spending market over a ten year assessment period from 2017 to 2027. The report presents the value forecast of the global artificial intelligence systems spending market and provides key insights into the factors driving market growth as well as the factors restricting market growth. The estimates point to a revenue growth from about US$ 11.7 Bn in 2017 to nearly US$ 516.2 Bn by 2027 end, resulting in a CAGR of 46.1% over the forecast period.

Artificial Intelligence Systems Spending Market

This report is divided into four distinct parts to offer clarity and easy readability to t...

Artificial Intelligence Systems Spending Market

Global Artificial Intelligence Systems Spending Market: Segmentation and Forecast

The global artificial intelligence systems spending market is segmented on the basis of industry type (BFSI, Discrete & Process Manufacturing, Healthcare, Retail, Wholesale, Professional & Consumer Service, Transportation, Media & Entertainment, Telecommunications & Utilities, Government, Education, Others (Construction, Resource Industries)), on the basis of technology (Deep Learning, Machine Learning, Natural Language Processing, Machine Vision, AGI, ASI) and on the basis of market (hardware, software, services).

  • In 2017, the BFSI segment is estimated to be valued at US$ 3,081.5 Mn, and is expected to register a CAGR of 48.6% over the forecast period, to be valued at US$ 161,525.7 Mn by the end of 2027.

  • In 2017, the healthcare segment is estimated to be valued at US$ 1,321.1 Mn, and is expected to register a CAGR of 45.7% over the forecast period, to be valued at US$ 56,943.1 Mn by the end of 2027.

  • In 2017, the retail segment is estimated to be valued at US$ 1,647.1 Mn, and is expected to exhibit a CAGR of 46.5% over the forecast period, to be valued at US$ 75,128.9 Mn by the end of 2027.

  • In 2017, the deep learning segment is estimated to be valued at US$ 4,758.4 Mn, and is expected to register a CAGR of 49.3% over the forecast period, to be valued at US$ 262,031.6 Mn by the end of 2027.

  • In 2017, the machine learning segment is estimated to be valued at US$ 2,784.5 Mn, and is expected to exhibit a CAGR of 46.6% over the forecast period, to be valued at US$ 127,790.1 Mn by the end of 2027.

  • In 2017, the hardware segment is estimated to be valued at US$ 4,841.1 Mn, and is expected to register a CAGR of 43.9% over the forecast period, to be valued at US$ 183,734.3 Mn by the end of 2027.

Global Artificial Intelligence Systems Spending Market: Regional Forecast

Future Market Insights tracks the performance of the global artificial intelligence systems spending market across the key geographies of North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa. As per the forecast of Future Market Insights, the North America artificial intelligence systems spending market is estimated to be valued at US$ 3,197.1 Mn in the year 2017 and is estimated to touch a value of US$ 133,620.3 Mn in the year 2027, exhibiting a CAGR of 45.2% during the assessment period. The APEJ artificial intelligence systems spending market is estimated to be valued at US$ 2,527.1 Mn in the year 2017 and is estimated to touch a value of US$ 132,964.7 Mn in the year 2027, registering a CAGR of 48.6% during the period of assessment.

Global Artificial Intelligence Systems Spending Market: Vendor Insights

The report profiles some of the key market players operating in the global artificial intelligence systems spending market and some of them include Google Inc., Microsoft Corporation, Facebook, Inc., IBM Corporation, Apple Inc., Amazon.com Inc., Intel Corporation, Infosys Limited, Wipro Ltd, Salesforce.com Inc. and IPsoft Inc. among others. The key differentiating strategy of these market players is to strengthen their portfolio through high investment for innovation to launch new artificial intelligence solutions and accelerate their businesses.

For further insights into the global artificial intelligence systems spending market, write in to Future Market Insights analysts at press@futuremarketinsights.com

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The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.