Artificial Intelligence Engineering Market: Opportunities and Challenges in a Rapidly Evolving Industry

 The global Artificial Intelligence Engineering Market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Artificial Intelligence Engineering market industry is witnessing an expansion and change of dynamics owing to the entry of several new players.

The global Artificial Intelligence (AI) engineering market size reached USD 8.05 Billion in 2020 and is expected to register a revenue CAGR of 41.2% during the forecast period. Rapid adoption of automation in various sectors is expected to support market revenue growth during the forecast period. Moreover, increase in private investment for R&D of AI is expected to boost market growth.

Adoption of automation in various sectors involves integrating automation with various business operations and thereby reducing manual labor significantly. It also involves automation of data collection and preprocessing, which is another major factor driving growth of the global AI engineering market revenue.

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Furthermore, wide utility of artificial intelligence is leading to significant rise in private investment for the purpose of research & development. Large enterprises are collaborating with universities in order to fund state-of-the-art research in AI technology. In addition, rising demand for intelligent automation in different sectors is increasing demand for artificial intelligence engineering.

Competitive terrain:

The global Artificial Intelligence Engineering industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Key Companies Profiled in the Report:

Google LLC, International Business Machines Corporation, Intel Corporation, Baidu, Inc., Oracle Corporation, Salesforce.com, Inc., Cisco Systems, Inc., Meta Platforms, Inc., Siemens AG, and Nvidia Corporation.

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Segmental Analysis

The global Artificial Intelligence Engineering market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Artificial Intelligence Engineering sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.

Emergen Research has segmented the global AI engineering market on the basis of solutions, technology, end-use, deployment, and region:

  • Solutions Outlook (Revenue, USD Billion; 2018–2030)

    • Hardware
    • Software
    • Services

  • Technology Outlook (Revenue, USD Billion; 2018–2030)

    • Deep Learning
    • Machine Learning
      1. Supervised Learning
      2. Unsupervised Learning
      3. Reinforcement Learning
    • Natural Language Processing
      1. Speech Recognition
      2. Optical Character Recognition (OCR)
      3. Semantic Search
      4. Sentiment Analysis
    • Computer Vision

  • End-use Outlook (Revenue, USD Billion; 2018–2030)

    • Healthcare
    • Automotive & Transportation
    • Agriculture
    • IT
    • Business Management
    • Manufacturing
    • Others

  • Deployment Outlook (Revenue, USD Billion; 2018–2030)

    • On-cloud
    • On-premises

Key reasons to buy the Global Artificial Intelligence Engineering Market report:

The latest report comprehensively studies the global Artificial Intelligence Engineering market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.

The report offers an insightful analysis of the regional outlook of the market.

It offers a detailed account of the end-use applications of the products services offered by this industry.

The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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Regional Analysis Covers:

North America (US, Canada)

Europe (UK, Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)

Research Report on the Artificial Intelligence Engineering Market Addresses the Following Key Questions:

Who are the dominant players of the Artificial Intelligence Engineering market?

Which regional market is anticipated to have a high growth rate over the projected period?

What consumer trends and demands are expected to influence the operations of the market players in the Artificial Intelligence Engineering market?

What are the key growth drivers and restraining factors of the Artificial Intelligence Engineering market?

What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?

What is the overall impact of the COVID-19 pandemic on the Artificial Intelligence Engineering market and its key segments?

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