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Consumer AI Market
Consumer AI Market 2023 – 2030 By Technology (Machine Learning, Deep Learning, Natural Language Processing, Computer vision, Machine Reasoning, and Strong AI), and by End-Users (Healthcare, Manufacturing, Automotive, Agriculture, Retail, Security, Human Resource, Marketing, Law, and Fintech), Component (Hardware, Software, and Services) - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits
Industry : Information Technology | Pages : 149 Pages | Published On : Dec 2023
The Consumer AI market size is estimated to grow from USD 6.81 Billion in 2020 to USD 65.24 Billion by 2030, growing at a CAGR of 36.1% during the forecast year from 2023 to 2030.
Consumer AI Market Size
| Report | Details |
|---|---|
| Market Size Value | USD 6.81 Billion in 2020 |
| Market Size Value | USD 65.24 Billion by 2030 |
| CAGR | CAGR of 36.1% |
| Forecast Period | 2023-2030 |
| Historic Data | 2022 |
| Segments Covered | XXXX |
| Geographics Covered | North America, Europe, Asia Pacific, and RoW |
There has been continuous improvement in the infrastructure coupled with technological upgradation and rise in adoption of AI over the next few years. Moreover, applications in various industries with improving efficiency and capacity of work with reduced errors are also expected to accelerate the growth of consumer AI market over the forecast period. Other factors are wide adoption of smart devices coupled with increased demand of automation and rise in digitization has driven the consumer AI market. Furthermore, surge in bug data, refined algorithms and speedy processing of large amount of data is further expected to boost the market growth.
The Consumer AI market is segmented by component, technology, end-user, and geography. Consumer and Retail organizations primarily use AI to perform discrete internal processes that rely on existing rich-data sets, such as demand forecasting and customer intelligence. But within the next three years, companies plan to incorporate intelligent automation into more complex processes that require broader sets of data, external collaboration and additional system integrations.
North America is anticipated to hold the maximum market share due to the rise in adoption of AI technology coupled with technological evolution and advancement of infrastructure over the forecast period. Additionally, surge in use of smart devices with rising capability and productivity and wide applications across various industries are further expected to fuel the growth of consumer AI market over the forecast period.
The research covers the current and historic Consumer AI market size and its growth trend with company outline of Key players/manufacturers: Alphabet, Baidu, Facebook, Amazon, Indico, NVIDIA, Clarifai, Microsoft, Nuance Communications, Tencent, Apple, Uber, Artificial Solutions, IBM, Declara, Sentient Technologies, Digital Genius, Sensory Inc., Intel, and Tesla among others There have been various developments taken place in the past and are expected to further takes place in near future which further contributes the overall market growth.
The Consumer AI market research report provides an in-depth overview of the industry including market segmentation by component, technology, end-user, and geography. Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings. The Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as product launches and acquisitions.
The objective of this study is to identify the market opportunities and estimate market size by segments and countries for last few years and to forecast the values to the next five years. The report incorporates both the qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. The report also covers qualitative analysis on the market, by incorporating complete pricing and cost analysis of components & products, Porter’s analysis and PEST (Political, Economic, Social & Technological factor) analysis of the market. The report also profiles all major companies active in this field.
Market Analysis and Insights: Consumer AI Market Analysis & Insights
Consumer AI Market Scope and Market Size
Consumer AI market is segmented by component, technology, end-user, and geography. Players, stakeholders, and other participants in the global Consumer AI market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue and forecast for the period 2016-2027.
Report further studies the market development status and future and Consumer AI Market trend across the world. Also, it splits Consumer AI market segmentation by component, technology, end-user, and geography to deep dive research and reveals market profile and prospects.
Major Classifications are as follows:
By Component
- Hardware
- Software
- Services
By Technology
- Atrial Fibrillation
- Machine Learning
- Deep Learning
- Natural Language Processing
- Computer vision
- Machine Reasoning
- Strong AI
By End-User
- Healthcare
- Manufacturing
- Automotive
- Agriculture
- Retail
- Security
- Human Resource
- Marketing
- Law
- Fintech
By Region
- North America
- Europe
- Middle East and Africa (MEA)
- Asia-Pacific (APAC)
Reason to purchase this Consumer AI Market Report:
- Determine prospective investment areas based on a detailed trend analysis of the global Consumer AI market over the next years.
- Gain an in-depth understanding of the underlying factors driving demand for different and Consumer AI market segments in the top spending countries across the world and identify the opportunities offered by each of them.
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major channels that are driving the global Consumer AI market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
- Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Consumer AI market.
- Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Consumer AI market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.
Table of Contents:
- EXECUTIVE SUMMARY
- INTRODUCTION
- Key Takeaways
- Report Description
- Market Scope & Definition
- Stakeholders
- Research Methodology
- Market Size
- Key Data Points From Primary Sources
- Key Data Points From Secondary Sources
- List Of Primary Sources
- List Of Secondary Sources
- MARKET OVERVIEW
- Industry Segmentation
- Market Trends Analysis
- Major Funding & Investments
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Value Chain Analysis
- Porter’s Five Forces Analysis
- Value Chain/Supply Chain Of The Global Consumer AI Market
- IMPACT OF COVID-19 ON CONSUMER AI MARKET
- Impact of Covid-19 On Market, By Component
- Impact Of Covid-19 On Market, By Technology
- Impact Of Covid-19 On Market, By End-User
- Impact Of Covid-19 On Market, By Region
- CONSUMER AI MARKET, BY COMPONENT
- Introduction
- Hardware
- Software
- Services
- BY TECHNOLOGY
- Introduction
- Atrial Fibrillation
- Machine Learning
- Deep Learning
- Natural Language Processing
- Computer vision
- Machine Reasoning
- Strong AI
- BY END-USER
- Introduction
- Healthcare
- Manufacturing
- Automotive
- Agriculture
- Retail
- Security
- Human Resource
- Marketing
- Law
- Fintech
- BY GEOGRAPHY
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest Of Asia Pacific
- Rest of the World
- Middle East
- Africa
- North America
- COMPETITIVE ANALYSIS
- Introduction
- Top Companies Ranking
- Market Share Analysis
- Recent Developments
- New Product Launch
- Mergers & Acquisitions
- Collaborations, Partnerships & Agreements
- Rewards & Recognition
- COMPANY PROFILES
- Amazon
- Clarifai
- Uber
- Artificial Solutions
- Indico
- NVIDIA
- Microsoft
- Tencent
- Alphabet
- Microsoft
- Baidu
- Apple
- Intel
- IBM
- Digital Genius
- Sensory Inc.
- Tesla
- Sentient Technologies,
- Nuance Communications
- Declara
TOC
Table and Figures
Methodology:
At MarketDigits, we take immense pride in our 360° Research Methodology, which serves as the cornerstone of our research process. It represents a rigorous and comprehensive approach that goes beyond traditional methods to provide a holistic understanding of industry dynamics.
This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.
The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.
Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.
Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.
In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.
To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.
The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.
In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.
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Covered Key Topics
Growth Opportunities
Market Growth Drivers
Leading Market Players
Company Market Share
Market Size and Growth Rate
Market Trend and Technological
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