Artificial Intelligence Software Platforms Market Share

Geographically, the artificial intelligence software platforms market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the Asia Pacific industry is expected to account for largest revenue share by 2036, owing to increased advancement in technology and rapid expansion of domestic enterprises in the region. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the high investment in research and development, accompanied by the presence of leading software companies in the region. Along with this, the North America also leads in demand for intelligent virtual assistants, which is also expected to contribute to the market growth in the region. Alternatively, the market in Europe is also anticipated to occupy a significant share in the artificial intelligence software platforms market on account of increased adoption of artificial intelligence platform by various manufacturing and automobile industries for improving operational efficiency. According to the European Commission, the European approach for artificial intelligence aims to promote Europe’s innovation capacity in the area of artificial intelligence while supporting the development and uptake of ethical and trustworthy artificial intelligence across the European Union economy.