Global Artificial Intelligence Market Summary, Competitive Analysis and Forecast to 2028

Global Artificial Intelligence industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– Artificial Intelligence (AI) is the technology that enables machines or computers to perform tasks that usually require human intelligence, such as learning, problem-solving, understanding language, making decisions., etc. The market is segmented into hardware/resource, service, and software/application. The market value represents the revenue earned by market players in a specific year.

– The global artificial intelligence market had total revenues of $97.2 billion in 2023, representing a compound annual growth rate (CAGR) of 17.5% between 2018 and 2023.

– The software/application segment accounted for the market's largest proportion in 2023, with total revenues of $45.5 billion, equivalent to 46.8% of the market's overall value.

– The global artificial intelligence market saw robust growth in 2023, driven by advancements in AI technologies, including generative AI, and machine learning. AI adoption surged across sectors, aided by cloud computing and automation, which improved accessibility for SMEs. According to the Artificial Intelligence Index Report 2024, 61 major AI models were developed by US-based institutions, outpacing the European Union's 21 and China's 15?.

Scope

– Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the artificial intelligence market in the global

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global artificial intelligence market

– Leading company profiles reveal details of key artificial intelligence market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the Global artificial intelligence market with five year forecasts

Reasons to buy

- What was the size of the Global artificial intelligence market by value in 2023?

- What will be the size of the Global artificial intelligence market in 2028?

- What factors are affecting the strength of competition in the Global artificial intelligence market?

- How has the market performed over the last five years?

- What are the main segments that make up the global's artificial intelligence market?

Companies mentioned

Alphabet Inc

Microsoft Corp

Meta Platforms Inc

International Business Machines Corp

Amazon Web Services Inc

OpenAI LLC

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Category segmentation

1.4. Geography segmentation

1.5. Market rivalry

1.6. Competitive landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation

4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?

7.2. What strategies do the leading players follow?

7.3. What are the most recent market developments?

8 Company Profiles

8.1. Alphabet Inc

8.2. Microsoft Corp

8.3. Meta Platforms Inc

8.4. International Business Machines Corp

8.5. Amazon Web Services Inc

8.6. OpenAI LLC

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: Global artificial intelligence market value: $ billion, 2018–23

Table 2: Global artificial intelligence market category segmentation: % share, by value, 2018–23

Table 3: Global artificial intelligence market category segmentation: $ billion, 2018-23

Table 4: Global artificial intelligence market geography segmentation: $ billion, 2023

Table 5: Global artificial intelligence market value forecast: $ billion, 2023–28

Table 6: Alphabet Inc: Key Facts

Table 7: Alphabet Inc: Annual Financial Ratios

Table 8: Alphabet Inc: Key Employees

Table 9: Microsoft Corp: Key Facts

Table 10: Microsoft Corp: Annual Financial Ratios

Table 11: Microsoft Corp: Key Employees

Table 12: Microsoft Corp: Key Employees Continued

Table 13: Meta Platforms Inc: Key Facts

Table 14: Meta Platforms Inc: Annual Financial Ratios

Table 15: Meta Platforms Inc: Key Employees

Table 16: Meta Platforms Inc: Key Employees Continued

Table 17: International Business Machines Corp: Key Facts

Table 18: International Business Machines Corp: Annual Financial Ratios

Table 19: International Business Machines Corp: Key Employees

Table 20: International Business Machines Corp: Key Employees Continued

Table 21: Amazon Web Services Inc: Key Facts

Table 22: Amazon Web Services Inc: Key Employees

Table 23: OpenAI LLC: Key Facts

Table 24: OpenAI LLC: Key Employees

Table 25: Global Exchange Rate, 2018–23

List of Figures

List of Figures

Figure 1: Global artificial intelligence market value: $ billion, 2018–23

Figure 2: Global artificial intelligence market category segmentation: $ billion, 2018-23

Figure 3: Global artificial intelligence market geography segmentation: % share, by value, 2023

Figure 4: Global artificial intelligence market value forecast: $ billion, 2023–28

Figure 5: Forces driving competition in the global artificial intelligence market, 2023

Figure 6: Drivers of buyer power in the global artificial intelligence market, 2023

Figure 7: Drivers of supplier power in the global artificial intelligence market, 2023

Figure 8: Factors influencing the likelihood of new entrants in the global artificial intelligence market, 2023

Figure 9: Factors influencing the threat of substitutes in the global artificial intelligence market, 2023

Figure 10: Drivers of degree of rivalry in the global artificial intelligence market, 2023

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