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Artificial Intelligence Software Platforms Market Size

  • Report ID: 3000
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

 

Artificial Intelligence Software Platforms Market Size

Artificial Intelligence Software Platforms Market size was valued at USD 34.28 billion in 2023 and is poised to cross USD 1.05 trillion by the end of 2036, registering more than 30.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of AI software platforms is estimated at USD 42.56 billion.

Increasing demand for artificial intelligence-based solutions, along with the advancement towards increasing operational efficiency are expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as the increase in data generation on a global level and the growing need to improve customer experience. The total private investment in artificial intelligence in 2019 was more than US$65 billion globally.

Artificial-intelligence-Software-Platforms-Market-Size
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Author Credits:  Abhishek Verma


  • Report ID: 3000
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for artificial intelligence based solutions, and advancement towards increasing operational efficiency are the key factors driving market growth.

The market is anticipated to attain a high CAGR of ~38.1%, over the forecast period, i.e., 2021-2029.

Rising concerns about data privacy and governance and shortage of manpower adept in artificial intelligence technology are estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to the increased advancement in technology and rapid expansion of domestic enterprises in the region.

The major players dominating the artificial intelligence software platforms market are Microsoft, Google, Salesforce, and IBM among others.
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