Artificial Intelligence Market size worth $ 641.30 Billion, Globally, by 2028 at 36.1% CAGR: Verified Market Research® – Yahoo Finance

Is the fossil fuel recovery real, or a stepping stone to a fossil-free future? Register now for our 11/17 webinar at 2PM ET
Growth in big data analytics, the increasing adoption rate of cloud-based services and the growing demand for intelligent virtual assistants have been driving the global Artificial Intelligence Market.
JERSEY CITY, N.J., Nov. 15, 2021 /PRNewswire/ — Verified Market Research recently published a report, "Artificial Intelligence Market" By Component Analysis (Hardware, Software and Services), By Technology (Deep Learning, Machine Learning, Natural Language Processing), By End-User Industry (Healthcare, Manufacturing, Agriculture), and By Geography. According to Verified Market Research, the Global Artificial Intelligence Market size was valued at USD 51.08 Billion in 2020 and is projected to reach USD 641.30 Billion by 2028, growing at a CAGR of 36.1% from 2021 to 2028.
Download PDF Brochure:
Browse in-depth TOC on "Artificial Intelligence Market"
202 – Pages
126 – Tables
37 – Figures
Global Artificial Intelligence Market Overview
The growing applications and easy deployment modes have dragged the governments' attention toward AI technology, which led to the growing investments by governments in AI and its related technologies. Furthermore, progress in the profound learning and Artificial Neural Networks (ANN) has also fueled the adoption of Artificial intelligence (AI) in several industries, such as aerospace, healthcare, manufacturing, and automotive. Also, growth in the demand for analyzing and interpreting large amounts of data is boosting the demand for artificial intelligence industry solutions.
The development of more reliable cloud computing infrastructures and improvements in dynamic artificial intelligence solutions have a strong impact on the growth potential of the AI market. AI is being used across the board to automate dangerous tasks, streamline operations, and augment or replace skilled labour. AI is a complex system, and for managing, developing, and implementing AI systems, companies need a workforce with certain skill sets.
Professional services for a data scientist or developer are required to customize an existing ML-enabled AI service. As Artificial intelligence (AI) technology is still in the early stage of its life cycle, the workforce with in-depth knowledge of this technology is limited. Thus, the impact of this restraining factor is expected to remain high during the initial years of the forecast period.
Key Developments
In January 2021, Google launched Product Discovery Solutions for the retail industry. This suite would enhance the retailer's eCommerce capabilities and help them provide enhance customer experience. Product Discovery Solutions for Retail brings together AI algorithms and search service, Cloud Search for Retail, which leverages Google Search technology to power retailers' product-finding tools.
In November 2020, Microsoft announced the availability of Dynamic 365 Project Operations solutions across India. The solution focuses on providing help to businesses in unifying operational workflows to provide visibility, collaboration, and insights to drive success across teams, from prospects to payments to profit. The solution is built on Microsoft Power Platform and uses real-time analytics to connect and empower leadership, sales, resourcing, project management, and accounting teams with the visibility needed to deliver services to customers on time and on budget.
Key Players
The major players in the market are Google LLC, Microsoft, Advanced Micro Devices, Arm Limited, Atomwise, Inc., Clarifai, Inc, Enlitic, Inc., International Business Machines Corporation, IBM Watson Health, Intel Corporation, and among others.
Verified Market Research has segmented the Global Artificial Intelligence Market On the basis of Component Analysis, Technology, End-User Industry, and Geography.
Artificial Intelligence Market, By Component Analysis
Artificial Intelligence Market, By Technology
Artificial Intelligence Market, By End-User Industry
Artificial Intelligence Market by Geography
Browse Related Reports:
AI in Computer Vision Market By Offering (Hardware, Software), By Machine Learning Model (Supervised Learning, Unsupervised Learning, Reinforcement Learning), By End-user (Automotive, Consumer Electronics, Healthcare, Retail), By Applications (Non-industrial, Industrial), By Geography, Forecast, 2021-2028
Internet of Things (IoT) Market By Software Solution (Real-Time Streaming Analytics, Security Solution, Data management, Remote monitoring system, Network Bandwidth Management), By Platform (Application Management, Network Management, and Device Management), By Application (Building and home automation, smart energy and utilities, Smart manufacturing, Connected Logistics, Smart Retail, Smart mobility and transportation, and Others), By Geography, Forecast, 2021-2028
Industrial Control And Factory Automation Market By Component (Sensors, Industrial Robots, Machine Vision, Control valves, Industrial PC, Control devices), By Solution (Distributed Control System (DCS), Programmable Logic Controller (PLC), Manufacturing Execution System (MES), Product Life Cycle Management (PLM), Plant Asset Management (PAM)), By Industry(Process Industry and Discrete Industry), By Geography, Forecast, 2021-2028
Marketing Automation Software Market By Deployment (Cloud and On-Premise), By Application (Email Marketing, Campaign Management, Lead Nurturing & Lead Scoring), By Industry (Media & Entertainment, Retail & Consumer Goods, Healthcare & Life Sciences), By Geography, Forecast, 2021-2028
Top 6 Fuel Cell Vehicle Brands piloting energy-efficient mobility solutions
Visualize Artificial Intelligence Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.
Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Follow Us: LinkedIn | Twitter
View original content:–641-30-billion-globally-by-2028-at-36-1-cagr-verified-market-research-301424025.html
SOURCE Verified Market Research
Whether you're a novice investor or someone who's been putting their money to work on Wall Street for multiple decades, there's one universal lesson the stock market is always willing to teach: Patience pays. Despite the broad-based S&P 500 undergoing 38 double-digit percentage declines over the past 71 years, each and every one of these drops was eventually erased by a bull-market rally. In other words, if you buy great companies and allow your investment thesis to play out over many years, if not a decade (or longer), your chance of generating life-altering wealth goes way up.
In this article, we discuss the 10 recent additions to the stock portfolio of Jim Cramer. If you want to skip our detailed analysis of these stocks, go directly to the Jim Cramer Stock Portfolio: 5 Recent Additions. Jim Cramer, the host of Mad Money on CNBC and a former hedge fund manager, has built […]
Many stocks in the electric vehicle (EV) sector had big gains last week, and solid-state battery developer QuantumScape (NYSE: QS) was no exception, with a jump of more than 25%. QuantumScape co-founder and CEO Jagdeep Singh said of the test results: "With the publication of this report, we will continue to focus on our product roadmap goals and delivering cells to our customers."
Strategists at Morgan Stanley say investors should resist buying U.S. stocks as part of their 2022 preview, in which they argue that the "hotter, faster" cycle advances.
With just seven weeks left in 2021, Wall Street’s big names are firming up their year-end forecasts. Mike Wilson, chief U.S. equity strategist at Morgan Stanley, has set a 4,400 target for the S&P 500 by the end of 2022. That implies a fall of 6% from current levels. In his forecast, Wilson points out the factors that are likely to weigh on the markets, including “uncertainty around that expectation goes up materially given cost pressures, supply issues, along with tax and policy uncertainty tha
Many predict this asset will be a great hedge against inflation.
(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. cut two of its payments bets — holdings in Visa Inc. and Mastercard Inc. — as it also pulled back on investments in pharmaceutical giants AbbVie Inc. and Bristol Myers-Squibb Co. Most Read from BloombergAmazon Sued Over Crashes by Drivers Rushing to Make DeliveriesBiden Plan Funds New Bridges That Locals May Not WantWhat Designers of Video Game Cities Understand About Real CitiesHong Kong's New Museum Tries to Please Art World — and Beiji
American Tower (NYSE: AMT) is moving further into the data infrastructure space by acquiring data center REIT CoreSite Realty (NYSE: COR). The transformative transaction combines American Tower's global communication tower footprint with CoreSite's U.S. data center business to create an integrated data infrastructure giant. Here's a closer look at the deal and what it means for American Tower's future.
Yahoo Finance Live's Jared Blikre runs down CrowdStrike's fall, after a year of continuous growth, upon Morgan Stanley giving it an underweight rating.
Shares of data analytics firm Splunk (NASDAQ: SPLK) sank 17% today as of 12:15 p.m. EST. Merritt served as CEO for six years and oversaw fantastic growth at Splunk, as well as kicked off the company's migration to cloud-based software services. Graham Smith, who has served as Splunk's chairman of the board since 2019 and was's (NYSE: CRM) CFO until 2014, will be the interim CEO.
Yahoo Finance's Emily McCormick explains the latest headlines that led to Boeing stock trending higher, including the potential flight clearance for the 737 MAX in China.
Shares were up double digits again Monday. Now, the electric-vehicle truck start-up is the world's third-most valuable auto maker.
Shares of Bloom Energy (NYSE: BE) plummeted on Monday and were down a whopping 10.9% as of 3 p.m. ET as multiple developments combined to put the fuel-cell stock under tremendous pressure. Although the $1.2 trillion bipartisan bill is much smaller than President Joe Biden's originally proposed infrastructure spending plan, it nonetheless places strong emphasis on alternative energy. Biden is about to sign the bill into law at a signing ceremony today, and that news is mainly why the market is dumping Bloom Energy shares.
Shares of genetic data miner 23andMe Holding (NASDAQ: ME) had a good week last week, surging more than 13% in response to a positive second-quarter 2022 earnings report Thursday. Things got even worse today, when investors responded to a downgrade of 23andMe stock by a Citigroup analyst — by selling off the stock by 10.1% (as of 11:30 a.m. EST). In my own note on the company last week, I pointed out that sales growth at 23andMe was a weak 7% in Q2, down steeply from Q1's 23% growth pace.
Shares of newly public electric vehicle (EV) start-up Rivian Automotive (NASDAQ: RIVN) continued to soar Monday to start its first full week of trading after its initial public offering last Wednesday. As of 11:25 a.m. EST today, Rivian shares were up another 11.5%, bringing their gains to over 40% since its debut. In addition to continued excitement over the company's plans to supply Amazon (NASDAQ: AMZN) with 100,000 electric delivery trucks, today's move might also be driven by news that the company is already looking into expanding its manufacturing footprint with a new plant in Georgia.
Despite being one of the most recognizable wireless carriers in the U.S., AT&T stock has had a rough 2020. But the stock does have some perks. Is it a buy?
Splunk stock is sinking after the company announced that its CEO is stepping down. In a press release Monday morning, Splunk (ticker: SPLK) said CEO Doug Merritt was stepping down and would be replaced on an interim basis by Graham Smith, Splunk chairman of the board. No reason was given for his exit, which comes seven months after its chief technology officer, Tim Tully, resigned.
Kyle Bass made winning bets against the housing market during the 2008-09 financial crisis. Here's what he's worried about now and how he thinks investors can protect themselves.
Trulieve Cannabis Corp. ("Trulieve" or the "Company") (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States, today announced its results for the quarter ended September 30, 2021.
Lucid Group Inc. shares rose in the extended session Monday after the luxury electric-vehicle maker said orders grew more than 30% since the third quarter ended and forecast that to break 20,000 orders next year.

Connect with Chris Hood, a digital strategist that can help you with AI.

Leave a Reply

Your email address will not be published. Required fields are marked *

© 2021 AI Caosuo - Proudly powered by theme Octo