A recent market study on the Artificial Intelligence systems spending market applies both primary and secondary research techniques to identify new opportunities for development for the Artificial Intelligence systems spending market for the forecast period, 2021 -2028

Vancouver, BC -- (SBWire) -- 04/26/2021 --The global Artificial Intelligence systems spending market is forecast to reach a market size of USD 767.60 Billion by 2028, and register a significantly high CAGR, according to latest analysis by Emergen Research. Growth of the global Artificial Intelligence systems spending market in terms of revenue is expected to increase significantly during the forecast period due to rising demand for AI solutions in the education sector. Rising adoption of AI in the BFSI industry to provide enhanced customer service is also another major factor expected to further boost global Artificial Intelligence systems spending market growth during the forecast period. Rising focus of governments on digital economy transformation is expected to further support market growth going ahead.

The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter's Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.

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Key market participants include Google LLC, Microsoft Corporation, Apple Inc., Facebook, Inc., International Business Machines Corporation, Intel Corporation, Wipro Limited, Accenture PLC, Infosys Limited, and Salesforce.com Inc.

The Artificial Intelligence Systems Spending research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market.

Emergen Research has segmented the global Artificial Intelligence systems spending market on the basis of component, technology, application, end-use, and region.

Component Outlook (Revenue, USD Billion; 2021–2028)
Software
Applications
Platforms
Hardware
Server
Storage
Service
IT service
Business service

Technology Outlook (Revenue, USD Billion; 2021–2028)
Natural language processing
Deep learning
Artificial general intelligence (AGI)
Machine vision
Artificial super intelligence (ASI)
Machine learning

Application Outlook (Revenue, USD Billion; 2021–2028)
Automated threat intelligence & prevention systems
Fraud analysis & investigation
Automated customer service
Others

End-use Outlook (Revenue, USD Billion; 2021–2028)
Healthcare
BFSI
Transportation
Education
Telecommunications
Media & entertainment
Retail
Manufacturing
Construction
Information technology
Others

The report addresses the following key points:

The report estimates the expected market size from 2020-2027
The report provides a forecast of market drivers, restraints, and future opportunities for the Artificial Intelligence Systems Spending market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Artificial Intelligence Systems Spending Market Segmentation & Impact Analysis

    4.1. Artificial Intelligence Systems Spending Market Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Increasing demand of artificial intelligence solutions in education sector

                    4.2.2.2. Growing implementation of artificial intelligence technology in pharmaceutical research and drug discovery.

                    4.2.2.3. Rising adoption of artificial intelligence in BFSI industry to provide enhanced customer service

                    4.2.2.4. Increasing adoption of artificial intelligence driven fraud detection systems in different industry

          4.2.3. Market restraints analysis

                    4.2.3.1. High cost of artificial intelligence solutions

                    4.2.3.2. Concern of cyber attacks

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter's Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Artificial Intelligence Systems Spending Market By Component Insights & Trends Revenue (USD Billion) 

    5.1. Component Dynamics & Market Share, 2021 & 2028

          5.1.1. Software

                    5.1.1.1. Applications

                    5.1.1.2. Platforms

          5.1.2. Hardware

                    5.1.2.1. Server

                    5.1.2.2. Storage

          5.1.3. Service

                    5.1.3.1. IT service

                    5.1.3.2. Business service

Chapter 6. Artificial Intelligence Systems Spending Market By Technology Insights & Trends Revenue (USD Billion) 

    6.1. Technology Dynamics & Market Share, 2021 & 2028

          6.1.1. Natural language processing

          6.1.2. Deep learning

          6.1.3. Artificial general intelligence (AGI)

          6.1.4. Machine vision

          6.1.5. Artificial super intelligence (ASI)

          6.1.6. Machine learning

Chapter 7. Artificial Intelligence Systems Spending Market By Application Insights & Trends Revenue (USD Billion) 

CONTINUED…!

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