Artificial Intelligence Software Platform Market Research, By Component (Solution- Machine Learning, Natural Language Processing, Others; Services), Deployment (On-Premise, On-Cloud), Vertical (Automotive, Retail, Healthcare) – Global Forecast till 2023
ID: MRFR/ICT/5842-HCR | February 2021 | Region: Global | 100 pages
Market Synopsis
The global AI Software Platform market was valued at USD 2.75 billion in 2017 and is expected to reach USD 11.3 billion by the end of the forecast period with a CAGR of 28.1%.
The AI Software platforms perform tasks which are done by humans with the use of machines. AI platforms simulate the cognitive function that human minds accomplish. These include learning, problem solving, reasoning, and social intelligence. Expert systems such as Speech recognition, context aware computing, and machine vision are also involved in AI application. The major factors that contribute the market growth is the increase in the investment in research and development of AI technology. The top companies like Microsoft, IBM, Google, and others are investing in R&D as well as in acquisitions of startups and mergers with other firms in this field. The technology is evolving at a great speed and the recent advances in deep neural networks is one more factor for the growth of this market. The increasing deployment of AI in various applications such as forecasts and prescriptive models, chatbots, image and speech recognition, text recognition, face detection and sentiment analysis and many others has created a huge opportunity for this market.
The on-cloud deployment of AI Software Platforms has a higher share in the current market. The on-cloud deployment will increase with a higher growth rate over the estimated period. The growth in adoption of cloud based applications and services is a major factor for this. Apart from North America, various developed countries in Europe as well as Japan, China have already started their shift towards cloud.
Segmentation
The global AI Software Platform market is segmented into Component, Deployment, Vertical and Region.
By component, the global AI Software Platform is segmented into Solution and Services. The Solution segment is further divided into Machine Learning, Natural Language Processing and Others.
By deployment, the global AI Software Platform is segmented into On-Premise and On-Cloud.
By vertical, the global AI Software Platform is segmented into Retail and Ecommerce, Transportation and Automotive, BFSI, IT & Telecommunication, Healthcare and Pharmaceutical, Industrial Automation and Manufacturing and Others.
By region, the AI Software Platform market is segmented into North America, Europe, Asia-Pacific, and rest of the world.
Regional analysis
The global market for AI Software Platform is estimated to grow from $ 2.75 billion at a CAGR of 28.1% during the forecast period from 2018 to 2023. The geographical analysis of AI Software Platform market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
Among the regions mentioned, North America is anticipated to have the largest market share during the forecast period. The US occupies nearly 75-80% of the major key players operating in this market and has almost 75% of market share in the current market scenario. The market size of Europe is estimated to grow at the highest CAGR in the estimated duration, followed by APAC. Various startups are being setup in these regions and are giving a boost to the market share.
Global AI Software Platform Market, USD Billion
Source: MRFR Analysis
Key Players
The key players in the AI Software Platform market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are— Intel (US), Nvidia (US), Microsoft (US), IBM (US), Google (US), SAP (US), Amazon Web Services (US), Wipro (India), Infosys (India), Ayasdi (US), Qualcomm (US), Salesforce (US), Playment (US), H2O.ai (US), Infrrd Inc. (US).
Apart from the top key players, the other players contribute nearly 20–25 % in the AI Software Platform market. These include ValueCoders (India), Cleo AI Ltd. (UK), Prolitus (India), DigitalGenius (UK), ArStudioz (India), Babylon Health (UK), AIBrain (US), iCarbonX (China), CloudMinds (US), BenevolentAI (UK), Dataiku (US), Darktrace (UK), Palantir (US), Digital Reasoning Systems, Inc. (US), and others. Many startups across the globe are a part of this market, hence various mergers and acquisitions take place adding to the AI capabilities of the market leaders.
Intended Audience
- Government Agencies
- Service/Solution Providers
- Consulting Firms
- AI System Integrators
- Research Institutes and Organizations
- Technology Standards Organizations
- AI Software Platform Vendors
- Application Developers
- Initial public offering/venture capitalist/angel investors
- Information security directors/managers
- Banking, Financial Services, and Insurance (BFSI), healthcare, retail, and manufacturing organizations
Frequently Asked Questions (FAQ) :
The AI software platform market can thrive at 28.1 % CAGR by 2023.
The AI software platform market can value at USD 11.3 Bn by 2023.
In 2017, the AI software platform market was valued at 2.7 Bn.
Salesforce (US), Qualcomm (US), and Playment (US) are some reputed names in the AI software platform market.
The Europe AI software platform market can valuation can escalate in the years to come.
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.3 Research Objectives
2.4 Markets Structure
3 Research Methodology
4 Market Dynamics
4.1 Market Drivers
4.1.1 Increase in investment in R&D of AI Technology
4.1.2 Advances in Deep Neural Networks
4.2 Market Restraints
4.2.1 Limited AI Expertise
4.3 Market Opportunities
4.3.1 Increasing Verticals of AI
4.3.2 Need of “Intelligent” Business Activities
4.4 Market Challenges
4.4.1 Concerns regarding Data Privacy
4.5 Porter’s Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of Substitutes
4.5.4 Segment Rivalry
4.5.5 Bargaining Power of Suppliers
4.6 Government/Industry Norms and Regulations
5 Global AI Software Platform Market by Component
5.1 Introduction
5.2 Solution
5.2.1 Market Estimates & Forecast, 2018–2023
5.2.2 Market Estimates & Forecast by Region, 2018–2023
5.2.3 Machine Learning
5.2.3.1 Market Estimates & Forecast, 2018–2023
5.2.3.2 Market Estimates & Forecast by Region, 2018–2023
5.2.4 Natural Language Processing
5.2.4.1 Market Estimates & Forecast, 2018–2023
5.2.4.2 Market Estimates & Forecast by Region, 2018–2023
5.2.5 Others
5.2.5.1 Market Estimates & Forecast, 2018–2023
5.2.5.2 Market Estimates & Forecast by Region, 2018–2023
5.3 Services
5.3.1 Market Estimates & Forecast, 2018–2023
5.3.2 Market Estimates & Forecast by Region, 2018–2023
6 Global AI Software Platform Market by Deployment
6.1 Introduction
6.2 On-Premise
6.2.1 Market Estimates & Forecast, 2018–2023
6.2.2 Market Estimates & Forecast by Region, 2018–2023
6.3 On-Cloud
6.3.1 Market Estimates & Forecast, 2018–2023
6.3.2 Market Estimates & Forecast by Region, 2018–2023
7 Global AI Software Platform Market by Vertical
7.1 Introduction
7.2 Retail and ECommerce
7.2.1 Market Estimates & Forecast, 2018–2023
7.2.2 Market Estimates & Forecast by Region, 2018–2023
7.3 Transportation and Automotive
7.3.1 Market Estimates & Forecast, 2018–2023
7.3.2 Market Estimates & Forecast by Region, 2018–2023
7.4 BFSI
7.4.1 Market Estimates & Forecast, 2018–2023
7.4.2 Market Estimates & Forecast by Region, 2018–2023
7.5 Healthcare and Pharmaceutical
7.5.1 Market Estimates & Forecast, 2018–2023
7.5.2 Market Estimates & Forecast by Region, 2018–2023
7.6 Industrial Automation and Manufacturing
7.6.1 Market Estimates & Forecast, 2018–2023
7.6.2 Market Estimates & Forecast by Region, 2018–2023
7.7 IT & Telecommunication
7.7.1 Market Estimates & Forecast, 2018–2023
7.7.2 Market Estimates & Forecast by Region, 2018–2023
7.8 Others
7.8.1 Market Estimates & Forecast, 2018–2023
7.8.2 Market Estimates & Forecast by Region, 2018–2023
8 Global AI Software Platform Market by Region
8.1 Introduction
8.2 North America
8.2.1 Market Estimates & Forecast by Country, 2018–2023
8.2.2 Market Estimates & Forecast by Component, 2018–2023
8.2.3 Market Estimates & Forecast by Deployment, 2018–2023
8.2.4 Market Estimates & Forecast by Vertical, 2018–2023
8.2.5 US
8.2.5.1 Market Estimates & Forecast by Component, 2018–2023
8.2.5.2 Market Estimates & Forecast by Deployment, 2018–2023
8.2.5.3 Market Estimates & Forecast by Vertical, 2018–2023
8.2.6 Mexico
8.2.6.1 Market Estimates & Forecast by Component, 2018–2023
8.2.6.2 Market Estimates & Forecast by Deployment, 2018–2023
8.2.6.3 Market Estimates & Forecast by Vertical, 2018–2023
8.2.7 Canada
8.2.7.1 Market Estimates & Forecast by Component, 2018–2023
8.2.7.2 Market Estimates & Forecast by Deployment, 2018–2023
8.2.7.3 Market Estimates & Forecast by Vertical, 2018–2023
8.3 Europe
8.3.1 Market Estimates & Forecast by Country, 2018–2023
8.3.2 Market Estimates & Forecast by Component, 2018–2023
8.3.3 Market Estimates & Forecast by Deployment, 2018–2023
8.3.4 Market Estimates & Forecast by Vertical, 2018–2023
8.3.5 Germany
8.3.5.1 Market Estimates & Forecast by Component, 2018–2023
8.3.5.2 Market Estimates & Forecast by Deployment, 2018–2023
8.3.5.3 Market Estimates & Forecast by Vertical, 2018–2023
8.3.6 France
8.3.6.1 Market Estimates & Forecast by Component, 2018–2023
8.3.6.2 Market Estimates & Forecast by Deployment, 2018–2023
8.3.6.3 Market Estimates & Forecast by Vertical, 2018–2023
8.3.7 Italy
8.3.7.1 Market Estimates & Forecast by Component, 2018–2023
8.3.7.2 Market Estimates & Forecast by Deployment, 2018–2023
8.3.7.3 Market Estimates & Forecast by Vertical, 2018–2023
8.3.8 Russia
8.3.8.1 Market Estimates & Forecast by Component, 2018–2023
8.3.8.2 Market Estimates & Forecast by Deployment, 2018–2023
8.3.8.3 Market Estimates & Forecast by Vertical, 2018–2023
8.3.9 UK
8.3.9.1 Market Estimates & Forecast by Component, 2018–2023
8.3.9.2 Market Estimates & Forecast by Deployment, 2018–2023
8.3.9.3 Market Estimates & Forecast by Vertical, 2018–2023
8.3.10 Rest of Europe
8.3.10.1 Market Estimates & Forecast by Component, 2018–2023
8.3.10.2 Market Estimates & Forecast by Deployment, 2018–2023
8.3.10.3 Market Estimates & Forecast by Vertical, 2018–2023
8.4 Asia-Pacific
8.4.1 Market Estimates & Forecast by Country, 2018–2023
8.4.1.1 Market Estimates & Forecast by Component, 2018–2023
8.4.1.2 Market Estimates & Forecast by Deployment, 2018–2023
8.4.1.3 Market Estimates & Forecast by Vertical, 2018–2023
8.4.2 China
8.4.2.1 Market Estimates & Forecast by Component, 2018–2023
8.4.2.2 Market Estimates & Forecast by Deployment, 2018–2023
8.4.2.3 Market Estimates & Forecast by Vertical, 2018–2023
8.4.3 India
8.4.3.1 Market Estimates & Forecast by Component, 2018–2023
8.4.3.2 Market Estimates & Forecast by Deployment, 2018–2023
8.4.3.3 Market Estimates & Forecast by Vertical, 2018–2023
8.4.4 Japan
8.4.4.1 Market Estimates & Forecast by Component, 2018–2023
8.4.4.2 Market Estimates & Forecast by Deployment, 2018–2023
8.4.4.3 Market Estimates & Forecast by Vertical, 2018–2023
8.4.5 South Korea
8.4.5.1 Market Estimates & Forecast by Component, 2018–2023
8.4.5.2 Market Estimates & Forecast by Deployment, 2018–2023
8.4.5.3 Market Estimates & Forecast by Vertical, 2018–2023
8.4.6 Rest of Asia-Pacific
8.4.6.1 Market Estimates & Forecast by Component, 2018–2023
8.4.6.2 Market Estimates & Forecast by Deployment, 2018–2023
8.4.6.3 Market Estimates & Forecast by Vertical, 2018–2023
8.5 Rest of the World
8.5.1 Market Estimates & Forecast by Country, 2018–2023
8.5.2 Market Estimates & Forecast by Component, 2018–2023
8.5.3 Market Estimates & Forecast by Deployment, 2018–2023
8.5.4 Market Estimates & Forecast by Vertical, 2018–2023
8.5.5 Middle East & Africa
8.5.5.1 Market Estimates & Forecast by Component, 2018–2023
8.5.5.2 Market Estimates & Forecast by Deployment, 2018–2023
8.5.5.3 Market Estimates & Forecast by Vertical, 2018–2023
8.5.6 South America
8.5.6.1 Market Estimates & Forecast by Component, 2018–2023
8.5.6.2 Market Estimates & Forecast by Deployment, 2018–2023
8.5.6.3 Market Estimates & Forecast by Vertical, 2018–2023
9 Competitive Landscape
9.1 Key Players Market Share Analysis, 2017/2018 (%)
9.2 Competitive Benchmarking
9.3 Key Developments Analysis, 2017/2018
9.3.1 Mergers & Acquisition
9.3.2 Product Developments
9.3.3 Business Expansion
9.3.4 Partnerships & Collaborations
9.3.5 Agreements
10 Company Profiles
10.1 Google
10.1.1 Company Overview
10.1.2 Product/Business Segment Overview
10.1.3 Financial Updates
10.1.4 Key Developments
10.1.5 SWOT Analysis
10.1.6 Key Strategy
10.2 Intel
10.2.1 Company Overview
10.2.2 Product/Business Segment Overview
10.2.3 Financial Updates
10.2.4 Key Developments
10.2.5 SWOT Analysis
10.2.6 Key Strategy
10.3 Microsoft
10.3.1 Company Overview
10.3.2 Product/Business Segment Overview
10.3.3 Financial Updates
10.3.4 Key Developments
10.3.5 SWOT Analysis
10.3.6 Key Strategy
10.4 IBM
10.4.1 Company Overview
10.4.2 Product/Business Segment Overview
10.4.3 Financial Updates
10.4.4 Key Developments
10.4.5 SWOT Analysis
10.4.6 Key Strategy
10.5 SAP
10.5.1 Company Overview
10.5.2 Product/Business Segment Overview
10.5.3 Financial Updates
10.5.4 Key Developments
10.5.5 SWOT Analysis
10.5.6 Key Strategy
10.6 Amazon Web Services
10.6.1 Company Overview
10.6.2 Product/Business Segment Overview
10.6.3 Financial Updates
10.6.4 Key Developments
10.6.5 SWOT Analysis
10.6.6 Key Strategy
10.7 Wipro
10.7.1 Company Overview
10.7.2 Product/Business Segment Overview
10.7.3 Financial Updates
10.7.4 Key Developments
10.7.5 SWOT Analysis
10.7.6 Key Strategy
10.8 Infosys
10.8.1 Company Overview
10.8.2 Product/Business Segment Overview
10.8.3 Financial Updates
10.8.4 Key Developments
10.8.5 SWOT Analysis
10.8.6 Key Strategy
10.9 Ayasdi
10.9.1 Company Overview
10.9.2 Product/Business Segment Overview
10.9.3 Financial Updates
10.9.4 Key Developments
10.9.5 SWOT Analysis
10.9.6 Key Strategy
10.10 Qualcomm
10.10.1 Company Overview
10.10.2 Product/Business Segment Overview
10.10.3 Financial Updates
10.10.4 Key Developments
10.10.5 SWOT Analysis
10.10.6 Key Strategy
10.11 Salesforce
10.11.1 Company Overview
10.11.2 Product/Business Segment Overview
10.11.3 Financial Updates
10.11.4 Key Developments
10.11.5 SWOT Analysis
10.11.6 Key Strategy
10.12 Playment
10.12.1 Company Overview
10.12.2 Product/Business Segment Overview
10.12.3 Financial Updates
10.12.4 Key Developments
10.12.5 SWOT Analysis
10.12.6 Key Strategy
10.13 Nvidia
10.13.1 Company Overview
10.13.2 Product/Business Segment Overview
10.13.3 Financial Updates
10.13.4 Key Developments
10.13.5 SWOT Analysis
10.13.6 Key Strategy
10.14 H2O.ai.
10.14.1 Company Overview
10.14.2 Product/Business Segment Overview
10.14.3 Financial Updates
10.14.4 Key Developments
10.14.5 SWOT Analysis
10.14.6 Key Strategy
10.15 Infrrd Inc.
10.15.1 Company Overview
10.15.2 Product/Business Segment Overview
10.15.3 Financial Updates
10.15.4 Key Developments
10.15.5 SWOT Analysis
10.15.6 Key Strategy
11 Conclusion/Recommendations
LIST OF TABLES
Table 1 Global AI Software Platform Market, by Region, 2018–2023
Table 2 North America: Global AI Software Platform Market, by Country, 2018–2023
Table 3 Europe: Global AI Software Platform Market, by Country, 2018–2023
Table 4 Asia-Pacific: Global AI Software Platform Market, by Country, 2018–2023
Table 5 Rest of the World: Global AI Software Platform Market, by Country, 2018–2023
Table 6 North America: Global AI Software Platform Component Market, by Country, 2018–2023
Table 7 Europe: Global AI Software Platform Component Market, by Country, 2018–2023
Table 8 Asia-Pacific: Global AI Software Platform Component Market, by Country, 2018–2023
Table 9 Rest of the World: Global AI Software Platform Component Market, by Country, 2018–2023
Table 10 Global AI Software Platform Component Market, by Region, 2018–2023
Table 11 North America: Global AI Software Platform Component Market, by Country, 2018–2023
Table 12 Europe: Global AI Software Platform Component Market, by Country, 2018–2023
Table 13 Asia-Pacific: Global AI Software Platform Component Market, by Country, 2018–2023
Table 14 Rest of the World: Global AI Software Platform Component Market, by Country, 2018–2023
Table 15 Global AI Software Platform Deployment Market, by Region, 2018–2023
Table 16 North America: Global AI Software Platform Deployment Market, by Country, 2018–2023
Table 17 Europe: Global AI Software Platform Deployment Market, by Country, 2018–2023
Table 18 Asia-Pacific: Global AI Software Platform Deployment Market, by Country, 2018–2023
Table 19 Rest of the World: Global AI Software Platform Deployment Market, by Country, 2018–2023
Table 20 Global AI Software Platform Verticals Market, by Region, 2018–2023
Table 21 North America: Global AI Software Platform Verticals Market, by Country, 2018–2023
Table 22 Europe: Global AI Software Platform Verticals Market, by Country, 2018–2023
Table 23 Asia-Pacific: Global AI Software Platform Verticals Market, by Country, 2018–2023
Table 24 Rest of the World: Global AI Software Platform Verticals Market, by Country, 2018–2023
LIST OF FIGURES
FIGURE 1 Global AI Software Platform Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global AI Software Platform Market
FIGURE 4 Value Chain/supply chain of Global AI Software Platform Market
FIGURE 5 Share of Global AI Software Platform Market in 2017, by Country (in %)
FIGURE 6 Global AI Software Platform Market, 2018–2023
FIGURE 7 Sub-segments of Component
FIGURE 8 Global AI Software Platform Market Size, by Component, 2017
FIGURE 9 Share of Global AI Software Platform Market, by Component, 2018 to 2023
FIGURE 10 Global AI Software Platform Market Size, by Component, 2017
FIGURE 11 Share of Global AI Software Platform Market, by Component, 2018 to 2023
FIGURE 12 Global AI Software Platform Market Size, by Deployment, 2017
FIGURE 13 Share of Global AI Software Platform Market, by Deployment, 2018 to 2023
FIGURE 12 Global AI Software Platform Market Size, by Verticals, 2017
FIGURE 13 Share of Global AI Software Platform Market, by Verticals, 2018 to 2023
