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

RELEASE DATE
06-Jul-2020
REGION
Asia Pacific
Research Code: 9AB7-00-0F-00-00
SKU: CI00709-AP-MR_24574

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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

Related Research
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.--BEGIN PROMO--

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?
More Information
No Index No
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