What Does the Global Landscape of AI Look Like?
Artificial Intelligence (AI) manifests expansive growth globally, with a projection for the sector to achieve $202.57 billion by 2026. While North America currently leads in usage and development, regions such as Asia-Pacific are increasing their AI footprint, indicating a global value shift.
Which Sub-Sectors are Driving AI Market Growth?
The growth is driven chiefly by sub-sectors like machine learning, natural language processing, and AI-optimized hardware. Machine learning, in particular, accounts for a notable chunk of global AI spend, finding extensive use in data analytics or predictive analytics solutions. Concurrently, an increasing interest in AI-optimized hardware represents the pressing demand for robust infrastructural support to implement AI applications.
What are the Anticipated Future Trends in AI?
Looking forward, AI is expected to tread three broad trends – improved data privacy, the rise of AIaaS (AI as a service), and enhanced autonomous operations. Improved regulations and advanced technology will aim to assuage data privacy concerns, while AIaaS model adoption is touted to bring AI solutions within easier reach of smaller businesses. Lastly, the increasing sophistication of AI technologies is set to usher in an era of more autonomous operations across sectors.
Key Indicators
- Global AI Market Size
- Growth Rate of AI Market
- Investment in AI Technology
- Regional Distribution of AI Adoption
- AI in Research & Development Expenditure
- Industries Implementing AI Technology
- Emerging AI Technologies
- AI Patent Registrations
- AI-related Job Market Trends
- Government Policies and Regulations About AI
Key Trends
- Machine Learning Advancements
- Increasing Adoption of Cloud-based Applications
- Rise in Quantum Computing
- Growth in Autonomous Vehicles
- Investment in AI Startups
- Increased Demand in Healthcare
- Evolution of AI Chipsets
- Rise of AI in Cybersecurity
- Governments Interest in AI
- Growth of AI Enabled IoT Devices