Artificial Intelligence Market Expected to Grow Strong through 2028

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The Artificial Intelligence market was projected to grow from USD 74.4 billion in 2021 to USD 723.64 billion by 2028 at a CAGR of over 38.4% during the forecast period.

Stratview Research has published a new report titled “Artificial Intelligence Market” which is segmented By Solution (Hardware, Software, Services), By Technology (Deep Learning, Machine Learning, Natural Language Processing, Machine Vision), By End Use (Healthcare, BFSI, Law, Retail, Advertising Media, Automotive Transportation, Agriculture, Manufacturing, Others) and Region - COVID-19 Impact Analysis and Forecast to 2028.

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Which Region is expected to remain the largest market?

By region, the North America market held the highest market share of over 40% in 2021 and is projected to grow at a fastest CAGR in the coming years. This is ascribed to large presence of major players, favorable government initiatives to promote the adoption of artificial intelligence (AI) across different verticals, which bolsters the regional market growth.

Who are the Key Players in the Market?

This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Artificial Intelligence Market:

  • IBM Corporation (US)
  • Intel Corporation (US)
  • Microsoft Corporation (US)
  • Google LLC (US)
  • Amazon Web Services Inc. (US)
  • Oracle Corporation (US)
  • Salesforce.com Inc. (US)
  • SAP SE (Germany)
  • SAS Institute Inc. (US)
  • Cisco Systems Inc. (US).

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