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Artificial Intelligence Software Platforms Market Trends

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

 

Artificial Intelligence Software Platforms Market Trends

Growth Drivers

  • Increasing Demand for Artificial Intelligence based Solutions
  • Advancement towards Increasing Operational Efficiency

Challenges

  • Rising Concerns about Data Privacy and Governance
  • Shortage of Manpower Adept in Artificial Intelligence Technology

Artificial Intelligence Software Platforms Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

30.2%

Base Year Market Size (2023)

USD 34.28 billion

Forecast Year Market Size (2036)

USD 1.05 trillion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 
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Browse Key Market Insights with Data Illustration:

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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