Artificial Intelligence Services Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities

15 Mar, 2023

The global artificial intelligence services market size will grow from $12.39 billion in 2022 to $18.34 billion in 2023 at a compound annual growth rate (CAGR) of 48.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global artificial intelligence services market size is expected to grow to $55.38 billion in 2027 at a CAGR of 31.8%.

Global Artificial Intelligence Services Market Key Driver

The increasing number of cyber-attacks is expected to propel the growth of the antivirus software market in the coming years. A cyberattack is a cyberspace-based attack aimed at disrupting, disabling, destroying, or manipulating a computer or other device intentionally. There is an increase in hacking and data breaches in computers, laptops, and mobiles using viruses or malware. Antivirus software can block or prevent the virus or malware from entering the device and prevents cyberattacks.

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Global Artificial Intelligence Services Market Segments

The global Artificial Intelligence Services market is segmented:
• By Technology: Machine Learning, Computer Vision, Natural Language Processing (NLP), Other Technology
• By Services Type: Managed Services, Professional Services
• By Software Tools: Web-based and Cloud Application Programming Interface, Processing and Modeler, Archiving and Data Storage
• By Application Type: Fraud Detection, Data Analytics & Visualization, Customer Service and Management, Rsik Management, Compliance & Security
• By End-User: Banking, Financial, and Insurance (BFSI), IT & Telecom, Retail, Manufacturing, Public Sector, Energy & Utility, Healthcare, Other End-Users
• By Geography: The regions covered in the Artificial Intelligence Services global market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global Artificial Intelligence Services market.

Major Artificial Intelligence Services Industry Players

Google, IBM, Baidu, Microsoft, Apple Inc., Ipsoft, NVIDIA corporation, Samsung Electronics Co.Ltd., MicroStrategy

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Artificial Intelligence Services Market Overview

Artificial intelligence is a wide-ranging branch of computer science-related with building smart machines that can perform tasks that require human intelligence.

Artificial Intelligence Services Global Market Report 2023 provides data on the global Artificial Intelligence Services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Artificial Intelligence Services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.