The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Artificial Intelligence (AI) Engineering Global Market Report 2023, The global artificial intelligence (AI) engineering market is expected to grow from $8.28 billion in 2022 to $11.49 billion in 2023 at a compound annual growth rate (CAGR) of 38.9%. The artificial intelligence (AI) engineering market is expected to reach $42.3 billion in 2027, at a CAGR of 38.5%.

North America held the largest artificial intelligence (AI) engineering market share.

Artificial Intelligence (AI) Engineering Market Driver

The rapid adoption of automation is expected to propel the growth of the artificial intelligence (AI) engineering market going forward. Automation refers to developing and using technology to manufacture and distribute goods and services with little human assistance. Automation in the AI engineering sector speeds up development, improves productivity, and streamlines procedures, resulting in the broad adoption of AI technology across various sectors. For instance, in February 2022, according to the International Federation of Robotics, a Germany-based non-profit organization, 23,000 industrial robots will be operating in UK factories in 2021, an increase of 6% from 2021. Further, sales of new robots were up by 8% to 2,205 units in 2020. Furthermore, in April 2021, according to Eurostat, a Luxembourg-based statistical office of the European Union, Denmark, and Finland reported having the highest percentage of businesses adopting artificial intelligence in 2021, with 24% Denmark and 16 % Finland, up from Finland (12%) and Denmark (11%) in 2020. Therefore, the rapid adoption of automation drives the artificial intelligence (AI) market.

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Key Artificial Intelligence (AI) Engineering Market Segments

The global artificial intelligence (AI) engineering market is segmented –

1) By Solution: Hardware, Software, Services

2) By Technology: Deep Learning, Machine Learning, Natural Language Processing, Computer Vision

3) By Deployment: On-Cloud, On-Premise

4) By End-User: Healthcare, Automotive And Transportation, Agriculture, Information Technology (IT), Business Management, Other End-Users

Artificial Intelligence (AI) Engineering Market Prominent Players

Major players in the artificial intelligence (AI) engineering market are Alphabet Inc., Microsoft Corporation, Meta Platform Inc., Dell Technologies Inc., Huawei Technologies Co. Ltd., Sony Group Corporation, Tencent Holdings Limited, Amazon Web Services Inc., Siemens AG, General Electric Company, Intel Corporation, Accenture LLP, International Business Machines Corporation, Samsung Electronics Co. Ltd., Cisco System Inc., Qualcomm Incorporated, Oracle Corporation, SAP SE, Hewlett Packard Enterprise Company, Nvidia Corporation, Salesforce Inc., Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, Baidu Inc., Alibaba Cloud, Zebra Technologies Corporation, Palantir Technologies Inc., UiPath Inc., and Verint Systems Inc.

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Prominent Artificial Intelligence (AI) Engineering Market Trend

Technological advancement is a key trend gaining popularity in the artificial intelligence (AI) engineering market. Major companies operating in the artificial intelligence (AI) engineering market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Mach9 Robotics Inc., a US-based geospatial technology company, launched new geospatial production software. The new tool uses computer vision and AI to produce 2D and 3D CAD engineering deliverables quickly. This is Mach9’s conversion from a hardware-first to a software-first business model, brought on by the expanding need for tools that quicken the processing and analysis of geospatial data for infrastructure management.

The Artificial Intelligence (AI) Engineering Global Market Report 2023  provides comprehensive insights on the artificial intelligence (AI) engineering market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the artificial intelligence (AI) engineering market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Artificial Intelligence Global Market Report 2023

Engineering Research And Development (ER&D) Outsourcing Global Market Report 2023

Engineering Services Global Market Report 2023

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