Commercial Artificial Intelligence Market Size, Share, Growth Report 2030
Commercial Artificial Intelligence Market – By Technology (Machine Learning, Deep Learning, and Natural Language Processing), By End-Use (Retail, Electronics, BFSI, Food & Beverages, Logistics, and Fashion), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026
The global Commercial Artificial Intelligence market, which was estimated at about 2.5 (USD Billion) in 2019 and is predicted to accrue earnings worth 17 (USD Billion) by 2026, is set to record a CAGR of nearly over 42% during 2020-2026.
Commercial Artificial Intelligence Market Size
The global Commercial Artificial Intelligence market, which was estimated at about 2.5 (USD Billion) in 2019 and is predicted to accrue earnings worth 17 (USD Billion) by 2026, is set to record a CAGR of nearly over 42% during 2020-2026. The report offers valuation and analysis of the Commercial Artificial Intelligence market on a global as well as regional level.
The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).
Report Scope :
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Historic Years | 2018 - 2022 |
| Forecast Years | 2023 - 2030 |
| Segments Covered | By Product Type, By Application, and By End Use |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2023 to 2030 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
To know more about this report, request a sample copy.
Commercial Artificial Intelligence Market: Synopsis
Commercial AI is termed the utilization of artificial intelligence in various kinds of commercial applications. The use of AI in commerce & trade, as well as in other businesses such as eCommerce, retail, food & beverages, fashion, and electronics, will proliferate the expansion of the commercial artificial intelligence industry over the assessment period. Escalating demand for AI tools in warehouse automation will create new growth avenues for the commercial AI industry over the forecast period.
Commercial Artificial Intelligence Market: Growth Dynamics
The growth of the commercial AI industry over the assessment period is owing to the massive demand for AI tools in merchandising, CRM, supply chain activities, analysis of fake reviews, and virtual personal assistants. In addition to this, AI also finds large-scale utilization in web search operations, marketing operations, financial trading business, and self-driven vehicles. AI is also used in improving computing power and this will further steer the business growth over the assessment period.
The growing use of AI in commercial applications due to its ability to provide public security and smart governance facility will proliferate the expansion of the commercial artificial intelligence industry over the assessment period. Large-scale use of AI in retail, education, electric utility, healthcare, and production sectors will drive the expansion of the commercial artificial intelligence industry over the assessment period.
Furthermore, the use of AI in myriad commercial applications such as high tech & telecommunications, automotive, financial services, consumer packaged goods, media & entertainment, and resource & utilities will proliferate the business growth. AI spurs consumer engagement services and prompts smart supply chain activities in the commercial sector, thereby driving commercial artificial intelligence market trends.
To know more about this report, Request For Customization.
The Asia Pacific To Account For Major Market Share By 2026
The growth of the commercial artificial intelligence industry in the Asia Pacific over the assessment period is owing to a large number of investments in AI tools for its use in research institutes, universities, computing, and various firms in the countries such as China.
Large-scale acceptance of AI in various commercial applications and access to advanced IT infrastructure in countries like Japan, Singapore, China, and Taiwan will steer the regional market trends over the upcoming years.
Humungous investment in AI technology as well as a large number of start-ups focusing on massive use of AI for their core businesses will drive the expansion of the commercial artificial intelligence market in China over the forecast period. This, in turn, will drive the expansion of the commercial artificial intelligence industry in the Asia Pacific over the assessment period.
Key players profiled in the report include NVIDIA, Siemens, Intel, General Vision, IBM, Google, AWS, Microsoft Corporation, GE, and Mitsubishi Electric.
The global Commercial Artificial Intelligence Market is segmented as follows:
By End-Use:
- Retail
- Electronics
- BFSI
- Food & Beverages
- Logistics
- Fashion
By Technology:
- Machine Learning
- Deep Learning
- Natural Language Processing
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content
Methodology
FrequentlyAsked Questions
The growth of commercial AI industry over the assessment period is owing to massive demand for AI tools in merchandising, CRM, supply chain activities, analysis of fake reviews, and virtual personal assistants. In addition to this, AI also finds large-scale utilization in web search operations, marketing operations, financial trading business, and self-driven vehicles. AI is also used in improving the computing power and this will further steer the business growth over the assessment period. Growing use of AI in commercial applications due to its ability to provide public security and smart governance facility will proliferate the expansion of commercial artificial intelligence industry over the assessment period. Large-scale use of AI in retail, education, electric utility, healthcare, and production sectors will drive the expansion of commercial artificial intelligence industry over the assessment period.
Furthermore, the use of AI in myriad commercial applications such as high tech & telecommunications, automotive, financial services, consumer packaged goods, media & entertainment, and resource & utilities will proliferate the business growth. AI spurs consumer engagement services and prompts smart supply chain activities in commercial sector, thereby driving commercial artificial intelligence market trends.
According to Zion Market Research report, the global Commercial Artificial Intelligence market, which was estimated at about 2.5 (USD Billion) in 2019 and is predicted to accrue earnings worth 17 (USD Billion) by 2026, is set to record a CAGR of nearly over 42% during 2020-2026.
Asia Pacific is likely to make noteworthy contributions towards overall market revenue. The growth of the industry in the sub-continent over the estimated timespan is attributed to large number of investments in AI tools for its use in research institutes, universities, computing, and various firms in the countries such as China. Large-scale acceptance of AI in various commercial applications and access to advanced IT infrastructure in countries like Japan, Singapore, China, and Taiwan will steer the regional market trends over the upcoming years. Humungous investment in AI technology as well as large number of start-ups focusing on massive use of AI for their core businesses will drive the expansion of commercial artificial intelligence market in China over the forecast period. This, in turn, will drive the expansion of the commercial artificial intelligence industry in Asia Pacific over the assessment period.
The key players profiled in the report include are NVIDIA, Siemens, Intel, General Vision, IBM, Google, AWS, Microsoft Corporation, GE, and Mitsubishi Electric.
Choose License Type
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed