Commercial Artificial Intelligence Market Scope 2023:
The Commercial Artificial Intelligence Market has been rapidly expanding over the past few years, driven by advances in machine learning algorithms, big data analytics, and cloud computing. This market encompasses a wide range of AI applications, including natural language processing, computer vision, speech recognition, and predictive analytics. Companies across various industries, such as healthcare, finance, retail, and manufacturing, are increasingly adopting AI technologies to automate routine tasks, enhance decision-making processes, and improve customer experiences. In addition, the growing availability of AI-as-a-service platforms has made it easier for businesses of all sizes to access and implement AI solutions, thereby fueling the growth of the commercial AI market.
One of the major drivers of the commercial AI market is the increasing demand for intelligent automation solutions. With the rise of Industry 4.0 and the Internet of Things (IoT), there has been a growing need for intelligent systems that can autonomously perform complex tasks and make decisions based on real-time data. AI-powered automation solutions are capable of learning from past actions and improving over time, enabling businesses to achieve greater efficiency, agility, and cost savings. Moreover, these solutions can help organizations address common challenges such as workforce shortages, quality control issues, and regulatory compliance. As a result, the commercial AI market is expected to continue to grow at a rapid pace in the coming years, with new applications and use cases emerging across a variety of industries.
“According to SNS insider, the Commercial Artificial Intelligence Market Size is estimated at US$ 3.69 Billion in 2022, and is expected to reach US$ 50.42 billion by 2030, with a growing healthy CAGR of 38.9% over the forecast period 2023-2030.”
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Commercial Artificial Intelligence Market research investigates and analyses the global reach of the market for customers in order to deliver well-informed insights and help them expand their market coverage. The market report covers information on sales, revenue, market share, stake, size, and growth, among other factors. The COVID-19 Pandemic and its impact on the market, as well as different market shifts, are discussed in the report. A study that summarizes all of the market’s primary segments in a clear and comprehensive manner.
Major Key Players Analysis are covered in Commercial Artificial Intelligence Market Report are listed below:
- IBM
- Microsoft
- AWS
- General Vision
- Siemens
- Accenture
- Agralogics
- Agrible
- Lurkin
Market Segmentation Analysis
The study approach includes a detailed segmental review of the target market. North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa are all the major regions where the industry is studied thoroughly. The research examines regional market growth metrics as well as regional market leaders. This global Commercial Artificial Intelligence market analysis provides a summary of current market trends, drivers, restraints, and metrics, as well as a prognosis on major segments. The paper also looks at forecasts for product and service demand growth.
Major Segments and Sub-Segment of Commercial Artificial Intelligence Market are Listed Below:
On The Basis of Technology
- Deep Learning
- Machine Learning
- Natural Language Processing (NLP)
- Others
On The Basis of Implementation
- Cloud-hosting
- On-premises
On The Basis of Application
- Customer relationship management
- Supply chain analysis
- Merchandising
- virtual personal assistant
- Warehouse automation
- Others
On The Basis of End-User
- BFSI
- Retail & Commerce
- Food & beverages
- Manufacturing
- Healthcare
- Transportation & Logistics
- Others
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In this study, the years considered to estimate the market size of Commercial Artificial Intelligence are as follows:
- History Year: 2019-2021
- Base Year: 2022
- Estimated Year: 2023
- Forecast Year 2023 to 2030
Regional Analysis Covered in this report:
- North America [United States, Canada]
- Europe [Germany, France, U.K., Italy, Russia]
- Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
- Latin America [Mexico, Brazil, Argentina]
- Middle East & Africa [Turkey, Saudi Arabia, UAE]
- Others
COVID-19 Impact Analysis
This study offers a comprehensive historical analysis of the global market, as well as market forecasts by region/country and subsectors. It analyses the Commercial Artificial Intelligence market’s sales volume, price, revenue, gross margin, historical growth, and future prospects. The impact of COVID-19 on this industry is investigated in this research paper. COVID-19 has the ability to affect the global market in three ways: directly altering production and demand, disrupting supply chains and marketplaces, and affecting enterprises and financial markets financially.
Competitive Scenario
To validate the data and get deeper analytical insights into the topic, many primary interviews with industry players and commentators were undertaken. External consultants such as valuation experts, research analysts, and key opinion leaders who specialize in the Commercial Artificial Intelligence market are typically involved in this process, as are industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers.
Key Reasons to Buy Commercial Artificial Intelligence Market Report
- Conduct in-depth research into market trends and forecasts, as well as the market’s driving and inhibiting forces.
- Gaining a deeper understanding of the business interests that support client products, segmentation, pricing, and distribution can assist you in making better judgments.
- Develop/improve corporate expansion strategies that take advantage of substantial growth potential in both developed and emerging regions.
- The report’s main findings and suggestions emphasize the market’s most important progressive industry trends, enabling companies along the value chain in creating effective long-term strategies.
Table of Contents – Major Key Points
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Commercial Artificial Intelligence Market Segmentation, By Technology
- Commercial Artificial Intelligence Market Segmentation, By Implementation
- Commercial Artificial Intelligence Market Segmentation, By Application
- Commercial Artificial Intelligence Market Segmentation, By End-User
- Regional Analysis
- Company Profiles
- Competitive Landscape
- Conclusion
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