SAN FRANCISCO, June 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Artificial Intelligence (AI) Platform - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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What's New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Complimentary updates for one year
Edition: 8; Released: January 2022
Executive Pool: 134264
Companies: 240 - Players covered include Absolutdata; Amazon Web Services; Apple inc.; Ayasdi; Enlitic, inc.; Facebook inc.; General Electric; General vision, inc.; Google LLC; Hewlett Packard Enterprise Development LP; IBM Corporation; icarbonX; Infosys; Intel Corporation; Micro Technology inc.; Microsoft Corporation; Next It Corporation; Qualcomm Technologies; Salesforce.com, inc.; SAMSUNG; SAP; Siemens AG; Wipro and Others.
Coverage: All major geographies and key segments
Segments: Deployment (Cloud, On-Premise); Application (Forecasts & Prescriptive Models, Chatbots, Speech Recognition, Text Recognition, Other Applications); End-Use (BFSI, Manufacturing, Healthcare, Research & Academia, Transportation, Retail & eCommerce, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Artificial Intelligence (AI) Platform Market to Reach $26.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Artificial Intelligence (AI) Platform estimated at US$6 Billion, is projected to reach a revised size of US$26.3 Billion by 2026, growing at a CAGR of 27.7% over the analysis period. Cloud, one of the segments analyzed in the report, is projected to record a 29.1% CAGR and reach US$22.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Premise segment is readjusted to a revised 25.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.4 Billion in 2021, While China is Forecast to Reach $4.5 Billion by 2026
The Artificial Intelligence (AI) Platform market in the U.S. is estimated at US$2.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.5 Billion by the year 2026 trailing a CAGR of 26.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.7% and 23.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 19.4% CAGR. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.