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Global Artificial Intelligence (AI) Software Market, Forecast to 2025
Global Artificial Intelligence (AI) Software Market, Forecast to 2025
Market Revenue to Grow at a CAGR of 41.6% Between 2019 and 2025
06-Jul-2020
Asia Pacific
Description
Artificial intelligence (AI) can be defined as machines running cognitive processes that are designed based on human intelligence. AI is one of the foundations for the growing digitization of industries or Industry 4.0 around the world. The application of AI leads to productivity and economic growth, as these technologies are capable of analyzing large datasets. AI can also help in the designing of new products to meet the new demands raised by consumers. AI has many contributions across industries; the chemical industry, automotive industry, and healthcare industry have provided better opportunities and a larger market for the application of AI.
The global AI software market revenue will grow at a CAGR of 41.6% between 2019 and 2025, with IBM representing the highest revenue among all competitors during 2016–2018. The forecast share of Asia-Pacific (including China) in the total market revenue of the chemical industry in 2020 is about 60%, representing more digitization opportunities in the region. This trend has been led by rising the importance of safer operations in chemical production processes, which is one of the main benefits of AI application in this industry, along with the need for smart and green manufacturing. In the automotive industry, the global AI market revenue will grow at a CAGR of 51.3% between 2019 and 2025, with the Asia-Pacific region expected to represent the fastest growth. The global AI market revenue in the healthcare industry will grow at a CAGR of 25.4% between 2019 and 2025, with North America contributing the highest share. Interest in the potential of AI in applications such as drug discovery, medical imaging and diagnostics, predictive analytics, clinical decision support, and lifestyle and chronic condition management has been growing, as shown by the high rate of new companies entering the market every year.
Key Issues Addressed
- What are the main applications of AI in the chemicals industry? How is the AI market in this industry and what are the main drivers and barriers?
- What are the main applications of AI in the automotive industry? How is the AI market in this industry and what are the main drivers and barriers?
- What are the main applications of AI in the healthcare industry? How is the AI market in this industry and what are the main drivers and barriers?
- How is the application of AI leading to more efficient manufacturing in the chemicals industry?
- How much revenue will AI generate for each of these industries?
Table of Contents
Key Findings
CEO’s Perspective
Market Scope
Defining Artificial Intelligence
Defining Artificial Intelligence (continued)
AI Applications
AI Application in Manufacturing
Global AI Software Market—Revenue Forecast
APAC AI Software Market—Revenue Forecast
Role of AI in Industry
Industrial AI Requirements
Areas of AI Application
Production Disturbance
Global Chemicals Industry—Revenue Forecast by Region
Why is Digitalization Important in the Chemicals Industry?
Chemical Companies—Employee Expectations
Chemical Companies Moving Toward Digitalization—BASF
Chemical Companies Moving Toward Digitalization—Dow DuPont
Chemical Companies Moving Toward Digitalization—Sumitomo Chemicals
AI in Chemicals Industry—Key Enablers and Barriers
AI in Automotive Industry
Major Automotive AI Market Participants
Main Applications of AI in Automotive Industry
Global AI Market in Automotive Industry
Global AI Market in Automotive Industry (continued)
APAC AI Market in Automotive Industry
Automotive AI Market—Key Enablers and Barriers
Application Areas
Global AI Market in Healthcare Industry
AI Application in Healthcare
AI Application in Healthcare—Potential Benefits by 2026
APAC AI Market in Healthcare Industry
Healthcare AI Market—Key Enablers and Barriers
Growth Opportunity 1
Growth Opportunity 2
Strategic Imperatives for Success and Growth
Conclusions
Legal Disclaimer
List of Exhibits
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
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Key Issues Addressed
- What are the main applications of AI in the chemicals industry? How is the AI market in this industry and what are the main drivers and barriers?
- What are the main applications of AI in the automotive industry? How is the AI market in this industry and what are the main drivers and barriers?
- What are the main applications of AI in the healthcare industry? How is the AI market in this industry and what are the main drivers and barriers?
- How is the application of AI leading to more efficient manufacturing in the chemicals industry?
- How much revenue will AI generate for each of these industries?
No Index | No |
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Podcast | No |
Author | Fatemeh Dehdar |
Industries | Cross Industries |
WIP Number | 9AB7-00-0F-00-00 |
Is Prebook | No |
GPS Codes | 9100-A2,9869-A2,9984-A2,9985-A2,9A74-A2,9310,9595 |