The global Artificial Intelligence systems spending market is forecast to reach a market size of USD 767.60 Billion by 2028, and register a significantly high CAGR, according to latest analysis by Emergen Research. Growth of the global Artificial Intelligence systems spending market in terms of revenue is expected to increase significantly during the forecast period due to rising demand for AI solutions in the education sector. Rising adoption of AI in the BFSI industry to provide enhanced customer service is also another major factor expected to further boost global Artificial Intelligence systems spending market growth during the forecast period. Rising focus of governments on digital economy transformation is expected to further support market growth going ahead.
The Global Artificial Intelligence Systems Spending Market Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Artificial Intelligence Systems Spending Market market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry.
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Effect of COVID-19 on the global market for Artificial Intelligence Systems Spending Market
The COVID-19 pandemic had a significant negative influence on the market for Artificial Intelligence Systems Spending Market in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Artificial Intelligence Systems Spending Market were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Artificial Intelligence Systems Spending Market in 2020. Additionally, demand for Artificial Intelligence Systems Spending Market decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Artificial Intelligence Systems Spending Market market : Competitive Landscape
The prominent players operating in the Artificial Intelligence Systems Spending Market market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Artificial Intelligence Systems Spending Market market .
Google LLC, Microsoft Corporation, Apple Inc., Facebook, Inc., International Business Machines Corporation, Intel Corporation, Wipro Limited, Accenture plc, Infosys Limited, com Inc.
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the Global Artificial Intelligence Systems Spending Market Market Research Report provides forecasts and future market projections, equipping businesses with the necessary tools to plan ahead. The report’s forward-looking approach, backed by data-driven predictions, ensures that companies can navigate the evolving market landscape with confidence. Through a combination of current market analysis and future outlook, the report serves as an invaluable resource for businesses aiming for long-term success.
Based on types, the market is segmented into
-
Component Outlook (Revenue, USD Billion; 2021–2028)
- Software
- Applications
- Platforms
- Hardware
- Server
- Storage
- Service
- IT service
- Business service
- Software
-
Technology Outlook (Revenue, USD Billion; 2021–2028)
- Natural language processing
- Deep learning
- Artificial general intelligence (AGI)
- Machine vision
- Artificial super intelligence (ASI)
- Machine learning
-
Application Outlook (Revenue, USD Billion; 2021–2028)
- Automated threat intelligence & prevention systems
- Fraud analysis & investigation
- Automated customer service
- Others
Regional Outlook :
The growth of the Artificial Intelligence Systems Spending Market Market on a global scale is influenced by region-specific dynamics. North America and Europe lead with technological innovation and solid regulatory environments, though supply chain challenges and compliance issues are present. In the Asia-Pacific region, especially in China and India, rapid urbanization and heightened consumer demand are fueling expansion. Meanwhile, emerging markets in Latin America, the Middle East, and Africa present growth potential, driven by economic reform and investment, yet face significant obstacles in the form of political instability and underdeveloped infrastructure.
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