The AI analytics market is projected to register an exceptional CAGR of 22.60% during the forecast period, valued at US$ 29.11 billion in 2024, and is estimated to reach US$ 223.32 billion by 2034. The market is evolving due to the demand for analytics solutions helmed by technological improvements such as rapid speech and natural language processing.
Consumption Analysis of the AI Analytics Market
Attributes | Details |
---|---|
Market Value for 2024 | US$ 29.11 billion |
Market Value for 2034 | US$ 223.32 billion |
Market Forecast CAGR for 2024 to 2034 | 22.60% |
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The demand for AI analytics is divined to develop at an impressive pace. The historical CAGR of 21.80% was recorded for the market and a 22.60% CAGR is calculated up to 2034.
Attributes | Details |
---|---|
Market Historical CAGR for 2019 to 2023 | 21.80% |
The AI technology sector faces obstacles due to limited data availability, complex models, and the black box effect. The lack of AI talent in developing countries is also a significant impediment.
Acute aspects that are anticipated to influence the demand for analytics solutions through 2034 include:
Analytical Solutions Derived from AI Help Streamlining Efforts in the BFSI Sector
AI Analytics Industry Aid in Widespread Adoption of Virtual Workplaces
Adoption of Data Analytics Helps in Widening Scope of Tourism Industry
The following part offers in-depth analyses of sections of the AI analytics market. The demand for predictive analytics is significant whereas the demand for the tool from large enterprises is prominent in 2024.
Attributes | Details |
---|---|
Top Analytics Type | Predictive Analytics |
Market Share in 2024 | 49% |
The demand for predictive analytics is expected to eat up 49% of the market share in 2024 due to augmented awareness of the vast amount of data generated for future events.
Increased internet usage and accessibility have led to a rise in data creation, enhancing business planning and decision-making, thereby boosting demand for predictive AI analytics solutions.
The E-commerce industry enhances customer experiences through social media marketing, consumer perception analysis, and real-time analytics for increased sales and personalized offers.
Smartphone usage has especially improved data volume, compelled by globalization, economic progress, and affordable high-speed internet services, resulting in increased AI output in various countries.
Corporate enterprises are anticipated to rapidly improve AI data generation due to the ease of data capture, with in-house teams of scientists and analysts handling internal and external data, boosting demand for predictive analytics.
Attributes | Details |
---|---|
Top Enterprise Size | Large Enterprises (500 to 999 employees) |
Market Share in 2024 | 36.6% |
Large enterprises with 500-999 employees are increasingly utilizing AI analytics tools to improve labor productivity, with a market share of 36.6% anticipated in 2024, indicating that AI is envisioned to replace human workers but will not render the human workforce obsolete.
The global adoption of AI technologies in enterprises has more than doubled since 2017, with major Indian and Chinese companies leading the way, indicating promising future growth.
Based on the data, industries in Germany and Japan are posited to develop positively but not extraordinarily in the upcoming decade. Simultaneously, the analytics solutions industries in the United States and China are hitting the roof. ANZ’s AI analytics sector is anticipated to climb sharply among these countries in the upcoming decade.
Countries | CAGR from 2024 to 2034 |
---|---|
United States | 19.50% |
Germany | 8.10% |
China | 23.10% |
Japan | 6.40% |
Australia and New Zealand | 26.10% |
The AI technology industry in the United States is witnessing a wave of change, with the market predicted to have a CAGR of 19.5% through 2034, with a focus on collaboration to improve AI technologies such as chatbots and machine learning platforms.
Demand for AI data analytics solutions in Germany is estimated to develop at a CAGR of 8.1%. Automobile companies are developing rigid analytics solutions alongside the German government.
The demand for the analytics solution in China is anticipated to highlight a CAGR of 23.1% between 2024 and 2034. This is because China's developed banking, financial services, and insurance hubs standing on the grounds of rigid development of digital analytical solutions.
Japan's AI analytics demand is anticipated to extend by 6.4% CAGR from 2024 to 2034, manipulated by emerging AI solutions and analytical trends.
The demand for artificial intelligence analytics in Australia and New Zealand is projected to grow at 26.1% CAGR through 2034.
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The AI analytics market is segmented, with traditional tech giants and new start-ups accounting for a substantial footprint in the business environment. Market players are forming strategic mergers, acquisitions, joint ventures, and partnerships to ensure long-term market viability.
The artificial intelligence analytics market is encountering an elevated shift due to prompt technical refinements in machine learning algorithms, big data availability, and increasing computing power. Innovative AI analytics applications frequently materialize, disrupting existing enterprises and assembling new endeavors.
Leading players are engaging in high levels of merger and acquisition activity, helmed by the desire to access new AI technologies and talent, the need to consolidate in a rapidly growing market, and the increasing strategic importance of artificial intelligence.
Recent Developments in the AI Analytics Market
The AI analytics market is expected to reach US$ 29.11 billion in 2024.
The market is anticipated to be valued at US$ 223.32 billion by 2034.
In the United States, demand for artificial intelligence analytics is anticipated to develop at a CAGR of 19.5% by 2034.
The market is set to register a CAGR of 22.60% from 2024 to 2034.
Predictive analytics solutions are anticipated to acquire a dominant 49% market share in 2024.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tools
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Tools, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Tools, 2024 to 2034
5.3.1. Time Series Forecasting Tools
5.3.2. Predictive Modelling Tools
5.3.3. Data Visualization Tools
5.3.4. Natural Language Processing (NLP) Tools
5.3.5. Speech Recognition Tools
5.3.6. Others
5.4. Y-o-Y Growth Trend Analysis By Tools, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Tools, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Deployment
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2024 to 2034
6.3.1. Cloud-Based
6.3.2. On-Premises
6.4. Y-o-Y Growth Trend Analysis By Deployment, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Deployment, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Enterprise Size
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis by Enterprise Size, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast by Enterprise Size, 2024 to 2034
7.3.1. Small & Medium Enterprises (SMEs)
7.3.2. Large Enterprises
7.4. Y-o-Y Growth Trend Analysis by Enterprise Size, 2019 to 2023
7.5. Absolute $ Opportunity Analysis by Enterprise Size, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Industry
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) Analysis By Industry, 2019 to 2023
8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Industry, 2024 to 2034
8.3.1. BFSI
8.3.2. IT & Professional Services
8.3.3. Telecom
8.3.4. Retail
8.3.5. Manufacturing
8.3.6. Healthcare
8.3.7. Others
8.4. Y-o-Y Growth Trend Analysis By Industry, 2019 to 2023
8.5. Absolute $ Opportunity Analysis By Industry, 2024 to 2034
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
9.3.1. North America
9.3.2. Latin America
9.3.3. Western Europe
9.3.4. Eastern Europe
9.3.5. South Asia and Pacific
9.3.6. East Asia
9.3.7. Middle East and Africa
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. USA
10.2.1.2. Canada
10.2.2. By Tools
10.2.3. By Deployment
10.2.4. By Enterprise Size
10.2.5. By Industry
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Tools
10.3.3. By Deployment
10.3.4. By Enterprise Size
10.3.5. By Industry
10.4. Key Takeaways
11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Tools
11.2.3. By Deployment
11.2.4. By Enterprise Size
11.2.5. By Industry
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Tools
11.3.3. By Deployment
11.3.4. By Enterprise Size
11.3.5. By Industry
11.4. Key Takeaways
12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. UK
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Western Europe
12.2.2. By Tools
12.2.3. By Deployment
12.2.4. By Enterprise Size
12.2.5. By Industry
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Tools
12.3.3. By Deployment
12.3.4. By Enterprise Size
12.3.5. By Industry
12.4. Key Takeaways
13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. Poland
13.2.1.2. Russia
13.2.1.3. Czech Republic
13.2.1.4. Romania
13.2.1.5. Rest of Eastern Europe
13.2.2. By Tools
13.2.3. By Deployment
13.2.4. By Enterprise Size
13.2.5. By Industry
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Tools
13.3.3. By Deployment
13.3.4. By Enterprise Size
13.3.5. By Industry
13.4. Key Takeaways
14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. India
14.2.1.2. Bangladesh
14.2.1.3. Australia
14.2.1.4. New Zealand
14.2.1.5. Rest of South Asia and Pacific
14.2.2. By Tools
14.2.3. By Deployment
14.2.4. By Enterprise Size
14.2.5. By Industry
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Tools
14.3.3. By Deployment
14.3.4. By Enterprise Size
14.3.5. By Industry
14.4. Key Takeaways
15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. China
15.2.1.2. Japan
15.2.1.3. South Korea
15.2.2. By Tools
15.2.3. By Deployment
15.2.4. By Enterprise Size
15.2.5. By Industry
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Tools
15.3.3. By Deployment
15.3.4. By Enterprise Size
15.3.5. By Industry
15.4. Key Takeaways
16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
16.2.1. By Country
16.2.1.1. GCC Countries
16.2.1.2. South Africa
16.2.1.3. Israel
16.2.1.4. Rest of MEA
16.2.2. By Tools
16.2.3. By Deployment
16.2.4. By Enterprise Size
16.2.5. By Industry
16.3. Market Attractiveness Analysis
16.3.1. By Country
16.3.2. By Tools
16.3.3. By Deployment
16.3.4. By Enterprise Size
16.3.5. By Industry
16.4. Key Takeaways
17. Key Countries Market Analysis
17.1. USA
17.1.1. Pricing Analysis
17.1.2. Market Share Analysis, 2023
17.1.2.1. By Tools
17.1.2.2. By Deployment
17.1.2.3. By Enterprise Size
17.1.2.4. By Industry
17.2. Canada
17.2.1. Pricing Analysis
17.2.2. Market Share Analysis, 2023
17.2.2.1. By Tools
17.2.2.2. By Deployment
17.2.2.3. By Enterprise Size
17.2.2.4. By Industry
17.3. Brazil
17.3.1. Pricing Analysis
17.3.2. Market Share Analysis, 2023
17.3.2.1. By Tools
17.3.2.2. By Deployment
17.3.2.3. By Enterprise Size
17.3.2.4. By Industry
17.4. Mexico
17.4.1. Pricing Analysis
17.4.2. Market Share Analysis, 2023
17.4.2.1. By Tools
17.4.2.2. By Deployment
17.4.2.3. By Enterprise Size
17.4.2.4. By Industry
17.5. Germany
17.5.1. Pricing Analysis
17.5.2. Market Share Analysis, 2023
17.5.2.1. By Tools
17.5.2.2. By Deployment
17.5.2.3. By Enterprise Size
17.5.2.4. By Industry
17.6. UK
17.6.1. Pricing Analysis
17.6.2. Market Share Analysis, 2023
17.6.2.1. By Tools
17.6.2.2. By Deployment
17.6.2.3. By Enterprise Size
17.6.2.4. By Industry
17.7. France
17.7.1. Pricing Analysis
17.7.2. Market Share Analysis, 2023
17.7.2.1. By Tools
17.7.2.2. By Deployment
17.7.2.3. By Enterprise Size
17.7.2.4. By Industry
17.8. Spain
17.8.1. Pricing Analysis
17.8.2. Market Share Analysis, 2023
17.8.2.1. By Tools
17.8.2.2. By Deployment
17.8.2.3. By Enterprise Size
17.8.2.4. By Industry
17.9. Italy
17.9.1. Pricing Analysis
17.9.2. Market Share Analysis, 2023
17.9.2.1. By Tools
17.9.2.2. By Deployment
17.9.2.3. By Enterprise Size
17.9.2.4. By Industry
17.10. Poland
17.10.1. Pricing Analysis
17.10.2. Market Share Analysis, 2023
17.10.2.1. By Tools
17.10.2.2. By Deployment
17.10.2.3. By Enterprise Size
17.10.2.4. By Industry
17.11. Russia
17.11.1. Pricing Analysis
17.11.2. Market Share Analysis, 2023
17.11.2.1. By Tools
17.11.2.2. By Deployment
17.11.2.3. By Enterprise Size
17.11.2.4. By Industry
17.12. Czech Republic
17.12.1. Pricing Analysis
17.12.2. Market Share Analysis, 2023
17.12.2.1. By Tools
17.12.2.2. By Deployment
17.12.2.3. By Enterprise Size
17.12.2.4. By Industry
17.13. Romania
17.13.1. Pricing Analysis
17.13.2. Market Share Analysis, 2023
17.13.2.1. By Tools
17.13.2.2. By Deployment
17.13.2.3. By Enterprise Size
17.13.2.4. By Industry
17.14. India
17.14.1. Pricing Analysis
17.14.2. Market Share Analysis, 2023
17.14.2.1. By Tools
17.14.2.2. By Deployment
17.14.2.3. By Enterprise Size
17.14.2.4. By Industry
17.15. Bangladesh
17.15.1. Pricing Analysis
17.15.2. Market Share Analysis, 2023
17.15.2.1. By Tools
17.15.2.2. By Deployment
17.15.2.3. By Enterprise Size
17.15.2.4. By Industry
17.16. Australia
17.16.1. Pricing Analysis
17.16.2. Market Share Analysis, 2023
17.16.2.1. By Tools
17.16.2.2. By Deployment
17.16.2.3. By Enterprise Size
17.16.2.4. By Industry
17.17. New Zealand
17.17.1. Pricing Analysis
17.17.2. Market Share Analysis, 2023
17.17.2.1. By Tools
17.17.2.2. By Deployment
17.17.2.3. By Enterprise Size
17.17.2.4. By Industry
17.18. China
17.18.1. Pricing Analysis
17.18.2. Market Share Analysis, 2023
17.18.2.1. By Tools
17.18.2.2. By Deployment
17.18.2.3. By Enterprise Size
17.18.2.4. By Industry
17.19. Japan
17.19.1. Pricing Analysis
17.19.2. Market Share Analysis, 2023
17.19.2.1. By Tools
17.19.2.2. By Deployment
17.19.2.3. By Enterprise Size
17.19.2.4. By Industry
17.20. South Korea
17.20.1. Pricing Analysis
17.20.2. Market Share Analysis, 2023
17.20.2.1. By Tools
17.20.2.2. By Deployment
17.20.2.3. By Enterprise Size
17.20.2.4. By Industry
17.21. GCC Countries
17.21.1. Pricing Analysis
17.21.2. Market Share Analysis, 2023
17.21.2.1. By Tools
17.21.2.2. By Deployment
17.21.2.3. By Enterprise Size
17.21.2.4. By Industry
17.22. South Africa
17.22.1. Pricing Analysis
17.22.2. Market Share Analysis, 2023
17.22.2.1. By Tools
17.22.2.2. By Deployment
17.22.2.3. By Enterprise Size
17.22.2.4. By Industry
17.23. Israel
17.23.1. Pricing Analysis
17.23.2. Market Share Analysis, 2023
17.23.2.1. By Tools
17.23.2.2. By Deployment
17.23.2.3. By Enterprise Size
17.23.2.4. By Industry
18. Market Structure Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Market Share Analysis of Top Players
18.3.1. By Regional
18.3.2. By Tools
18.3.3. By Deployment
18.3.4. By Enterprise Size
18.3.5. By Industry
19. Competition Analysis
19.1. Competition Deep Dive
19.1.1. IBM
19.1.1.1. Overview
19.1.1.2. Product Portfolio
19.1.1.3. Profitability by Market Segments
19.1.1.4. Sales Footprint
19.1.1.5. Strategy Overview
19.1.1.5.1. Marketing Strategy
19.1.2. Microsoft
19.1.2.1. Overview
19.1.2.2. Product Portfolio
19.1.2.3. Profitability by Market Segments
19.1.2.4. Sales Footprint
19.1.2.5. Strategy Overview
19.1.2.5.1. Marketing Strategy
19.1.3. Google
19.1.3.1. Overview
19.1.3.2. Product Portfolio
19.1.3.3. Profitability by Market Segments
19.1.3.4. Sales Footprint
19.1.3.5. Strategy Overview
19.1.3.5.1. Marketing Strategy
19.1.4. Amazon Web Services (AWS)
19.1.4.1. Overview
19.1.4.2. Product Portfolio
19.1.4.3. Profitability by Market Segments
19.1.4.4. Sales Footprint
19.1.4.5. Strategy Overview
19.1.4.5.1. Marketing Strategy
19.1.5. SAS
19.1.5.1. Overview
19.1.5.2. Product Portfolio
19.1.5.3. Profitability by Market Segments
19.1.5.4. Sales Footprint
19.1.5.5. Strategy Overview
19.1.5.5.1. Marketing Strategy
19.1.6. Alteryx
19.1.6.1. Overview
19.1.6.2. Product Portfolio
19.1.6.3. Profitability by Market Segments
19.1.6.4. Sales Footprint
19.1.6.5. Strategy Overview
19.1.6.5.1. Marketing Strategy
19.1.7. Salesforce
19.1.7.1. Overview
19.1.7.2. Product Portfolio
19.1.7.3. Profitability by Market Segments
19.1.7.4. Sales Footprint
19.1.7.5. Strategy Overview
19.1.7.5.1. Marketing Strategy
19.1.8. Qlik
19.1.8.1. Overview
19.1.8.2. Product Portfolio
19.1.8.3. Profitability by Market Segments
19.1.8.4. Sales Footprint
19.1.8.5. Strategy Overview
19.1.8.5.1. Marketing Strategy
19.1.9. DataRobot
19.1.9.1. Overview
19.1.9.2. Product Portfolio
19.1.9.3. Profitability by Market Segments
19.1.9.4. Sales Footprint
19.1.9.5. Strategy Overview
19.1.9.5.1. Marketing Strategy
19.1.10. Talend
19.1.10.1. Overview
19.1.10.2. Product Portfolio
19.1.10.3. Profitability by Market Segments
19.1.10.4. Sales Footprint
19.1.10.5. Strategy Overview
19.1.10.5.1. Marketing Strategy
19.1.11. Sisense
19.1.11.1. Overview
19.1.11.2. Product Portfolio
19.1.11.3. Profitability by Market Segments
19.1.11.4. Sales Footprint
19.1.11.5. Strategy Overview
19.1.11.5.1. Marketing Strategy
20. Assumptions & Acronyms Used
21. Research Methodology
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