What was the value of the Global Artificial Intelligence market in 2022?

The global artificial intelligence market size was valued at USD 428.00 billion in 2022 & is projected to grow USD 2,025.12 billion by 2030.

What is the largest segment of artificial intelligence market?

The report has provided a detailed breakup and analysis of the market based on the type. This includes narrow/weak artificial intelligence and general/strong artificial intelligence. According to the report, narrow/weak artificial intelligence represented the largest segment.

Does high implementation cost hamper the artificial intelligence market growth?

However, high implementation cost of artificial intelligence (AI) solutions hampers the market growth. On the contrary, increasing digital dependence and industry 4.0 trends are expected to offer remunerative opportunities for expansion of the artificial intelligence market during the forecast period.

What is the role of data availability & quality in AI market?

As technology advances and more industries recognize its benefits, the Artificial Intelligence (AI) Market size is poised for expansion, fostering innovation and new opportunities. Data availability and quality play a crucial role in restraining the growth of the Artificial Intelligence Market.