Artificial Intelligence Platforms Market Size to Grow by USD 17.29 Bn| Rise in demand for AI-based solutions to boost market growth| Technavio
NEW YORK, April 8, 2022 /PRNewswire/ -- According to the research report, Artificial Intelligence Platforms Market witnessed a YOY growth of 32.12% in 2021 at a CAGR of 35% during the forecast period. The report is segmented by deployment (on-premise and cloud-based) and geography (North America, APAC, Europe, South America, and MEA). The demand for automated machine-driven decisions would aid the expansion of the artificial intelligence platforms market in North America.
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Vendor Insights
Artificial Intelligence Platforms Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Alibaba Group Holding Ltd.
- Alphabet Inc.
- Amazon.com Inc.
- Microsoft Corp.
- Palantir Technologies Inc.
- Salesforce.com Inc.
- SAP SE
- SAS Institute Inc.
- Tata Consultancy Services Ltd.
- International Business Machines Corp.
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Geographical Market Analysis
North America will account for 68 percent of market growth. In North America, the United States is the most important market for artificial intelligence platforms. The United States and Canada combined possess around 26% of all global AI-related patent applications, with IBM holding the most, followed by Microsoft and Google. The market in this area will grow at a slower pace than the markets in APAC, Europe, and MEA.
The demand for automated machine-driven decisions would aid the expansion of the artificial intelligence platforms market in North America.
Furthermore, countries such as the US, UK, Germany, Canada, and Australia are expected to emerge as prominent markets for Artificial Intelligence Platforms Market during the forecast period.
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Key Segment Analysis
The on-premise segment's share of the artificial intelligence platforms market will expand significantly. Large organizations with a global presence are the primary developers and users of on-premises AI platforms, with the goal of acquiring more control and ownership over their operations as well as the data generated and stored within the application. Organizations use AI and machine learning to extract and analyse large data sets containing sensitive data. As a result, such businesses prefer to operate on-premises rather than on the cloud.
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Key Market Drivers & Challenges:
The rising need for AI-based solutions is one of the primary reasons driving growth in the artificial intelligence platforms market. With the growing usage of robots in repetitive and dangerous jobs, end-users are looking for ways to mitigate the disadvantages of industrial automation and robotic technology. As the demand for automation and optimization of corporate operations grows, more companies are turning to AI-based solutions. The demand for AI platforms will rise in tandem with the rising demand for AI-based solutions in sectors.
However, the emergence of data privacy concerns will pose a significant challenge to the artificial intelligence platform market.
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Artificial Intelligence Platforms Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 35% |
Market growth 2021-2025 | $ 17.29 billion |
Market structure | Concentrated |
YoY growth (%) | 32.12 |
Regional analysis | North America, APAC, Europe, South America, and MEA |
Performing market contribution | North America at 68% |
Key consumer countries | US, China, UK, Germany, and Japan |
Competitive landscape | Leading companies, Competitive strategies, Consumer engagement scope |
Companies profiled | Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Amelia US LLC, Baidu Inc., Dell Technologies Inc., Digital Reasoning Systems Inc., Element AI Inc., Graphcore Ltd., Hewlett Packard Enterprise Development LP, Infosys Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., NVIDIA Corp., Palantir Technologies Inc., Qualcomm Inc., Salesforce.com Inc., SAP SE, SAS Institute Inc., SoundHound Inc., Tata Consultancy Services Ltd., and Wipro Ltd. |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1. Executive Summary
2. Artificial Intelligence Platforms Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2: Market Characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis: Application software
2.2.1 Inputs
2.2.2 Software development process
2.2.3 Marketing and distribution
2.2.4 Post-selling services
3. Artificial Intelligence Platforms Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2020
5. Artificial Intelligence Platforms Market Segmentation by End-user
5.1 Market segments
The segments covered in this chapter are:
- Retail
- Banking
- Manufacturing
- Healthcare
- Others
Exhibit 15: End-user - Market share 2020-2025 (%)
5.2 Comparison by End-user
Exhibit 16: Comparison by End-user
5.3 Retail - Market size and forecast 2020-2025
Exhibit 17: Retail - Market size and forecast 2020-2025 ($ billion)
Exhibit 18: Retail - Year-over-year growth 2020-2025 (%)
5.4 Banking - Market size and forecast 2020-2025
Exhibit 19: Banking - Market size and forecast 2020-2025 ($ billion)
5.4 Banking - Market size and forecast 2020-2025
Exhibit 19: Banking - Market size and forecast 2020-2025 ($ billion)
5.4 Banking - Market size and forecast 2020-2025
Exhibit 19: Banking - Market size and forecast 2020-2025 ($ billion)
Exhibit 20: Banking - Year-over-year growth 2020-2025 (%)
5.5 Manufacturing - Market size and forecast 2020-2025
Exhibit 21: Manufacturing - Market size and forecast 2020-2025 ($ billion)
Exhibit 22: Manufacturing - Year-over-year growth 2020-2025 (%)
5.6 Healthcare - Market size and forecast 2020-2025
Exhibit 23: Healthcare - Market size and forecast 2020-2025 ($ billion)
Exhibit 24: Healthcare - Year-over-year growth 2020-2025 (%)
5.7 Others - Market size and forecast 2020-2025
Exhibit 25: Others - Market size and forecast 2020-2025 ($ billion)
Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
5.8 Market opportunity by End-user
Exhibit 27: Market opportunity by End-user
6. Customer landscape
Exhibit 28: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 29: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 30: Geographic comparison
7.3 North America - Market size and forecast 2020-2025
Exhibit 31: North America - Market size and forecast 2020-2025 ($ billion)
Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
7.4 Europe - Market size and forecast 2020-2025
Exhibit 33: Europe - Market size and forecast 2020-2025 ($ billion)
Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)
7.5 APAC - Market size and forecast 2020-2025
Exhibit 35: APAC - Market size and forecast 2020-2025 ($ billion)
Exhibit 36: APAC - Year-over-year growth 2020-2025 (%)
7.6 South America - Market size and forecast 2020-2025
Exhibit 37: South America - Market size and forecast 2020-2025 ($ billion)
Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
7.7 MEA - Market size and forecast 2020-2025
Exhibit 39: MEA - Market size and forecast 2020-2025 ($ billion)
Exhibit 40: MEA - Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 41: Key leading countries
7.9 Market opportunity by geography
Exhibit 42: Market opportunity by geography ($ billion)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Prevention of fraud and malicious attacks
8.1.2 Chatbots in AI
8.1.3 Increased employee productivity
8.1.4 Analyzing IoT data faster
8.2 Market challenges
8.2.1 Shortage of AI experts
8.2.2 Low affordability
8.2.3 Regulatory hurdles in implementing AI
8.2.4 Need for quality data
Exhibit 43: Impact of drivers and challenges
8.3 Market trends
8.3.1 Increase in cloud-based AI services
8.3.2 Narrow AI
8.3.3 Alternative solutions to GPU for accelerating AI workloads
8.3.4 Professional services will benefit from AI
9. Vendor Landscape
9.1 Competitive scenario
9.2 Vendor landscape
Exhibit 40: Vendor Landscape
9.3 Landscape disruption
Exhibit 41: Landscape disruption
9.4 Industry risks
Exhibit 42: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 43: Vendors covered
10.2 Market positioning of vendors
Exhibit 48: Market positioning of vendors
10.3 Alphabet Inc.
Exhibit 49: Alphabet Inc. - Overview
Exhibit 50: Alphabet Inc. - Business segments
Exhibit 51: Alphabet Inc. - Key news
Exhibit 52: Alphabet Inc. - Key offerings
Exhibit 53: Alphabet Inc. - Segment focus
10.4 CognitiveScale
Exhibit 54: CognitiveScale - Overview
Exhibit 55: CognitiveScale - Product and service
Exhibit 56: CognitiveScale - Key offerings
10.5 Intel Corp.
Exhibit 57: Intel Corp. - Overview
Exhibit 58: Intel Corp. - Business segments
Exhibit 59: Intel Corp - Key news
Exhibit 60: Intel Corp. - Key offerings
Exhibit 61: Intel Corp. - Segment focus
10.6 International Business Machines Corp.
Exhibit 62: International Business Machines Corp. - Overview
Exhibit 63: International Business Machines Corp. - Business segments
Exhibit 64: International Business Machines Corp. - Key news
Exhibit 65: International Business Machines Corp. - Key offerings
Exhibit 66: International Business Machines Corp. - Segment focus
10.7 Microsoft Corp.
Exhibit 67: Microsoft Corp. - Overview
Exhibit 68: Microsoft Corp. - Business segments
Exhibit 69: Microsoft Corp. - Key news
Exhibit 70: Microsoft Corp. - Key offerings
Exhibit 71: Microsoft Corp. - Segment focus
10.8 Nuance Communications Inc.
Exhibit 72: Nuance Communications Inc. - Overview
Exhibit 73: Nuance Communications Inc. - Business segments
Exhibit 74: Nuance Communications Inc - Key news
Exhibit 75: Nuance Communications Inc. - Key offerings
Exhibit 76: Nuance Communications Inc. - Segment focus
10.9 NVIDIA Corp.
Exhibit 77: NVIDIA Corp. - Overview
Exhibit 78: NVIDIA Corp. - Business segments
Exhibit 79: NVIDIA Corp. - Key offerings
Exhibit 80: NVIDIA Corp. - Segment focus
10.10 Oracle Corp.
Exhibit 81: Oracle Corp. - Overview
Exhibit 82: Oracle Corp. - Business segments
Exhibit 83: Oracle Corp. - Key offerings
Exhibit 84: Oracle Corp. - Segment focus
10.11 Tesla Inc.
Exhibit 85: Tesla Inc. - Overview
Exhibit 86: Tesla Inc. - Business segments
Exhibit 87: Tesla Inc. - Key offerings
Exhibit 88: Tesla Inc. - Segment focus
10.12 Wipro Ltd.
Exhibit 89: Wipro Ltd. - Overview
Exhibit 90: Wipro Ltd. - Business segments
Exhibit 91: Wipro Ltd. - Key news
Exhibit 92: Wipro Ltd. - Key offerings
Exhibit 93: Wipro Ltd. - Segment focus
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 82: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 83: Research Methodology
Exhibit 84: Validation techniques employed for market sizing
Exhibit 85: Information sources
11.4 List of abbreviations
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