Global artificial intelligence (AI) toolkit market is anticipated to grow at a significant CAGR of 16.9% during the forecast period (2024-2031). The market growth is attributed to the growing adoption of advanced AI technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing drives the growth of the market. Additionally, increasing government regulations and initiatives with investment favorable to encourage the adoption of artificial intelligence (AI) across various industries. For instance, in November 2023, the UK Government invested £225.0million ($243.3million) to create the UK’s most powerful AI supercomputer with the University of Bristol and Hewlett Packard Enterprise. The funding injection, part create a new national artificial intelligence research resource (AIRR) for the country announced at the government’s AI Safety Summit at Bletchley Park.
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Through extensive collaboration across projects, researchers developed guidance and standards for the development of ethically sourced, state-of-the-art, AI-ready data sets that have the potential to help solve some of the most pressing challenges in human health. For instance, in September 2022, the National Institutes of Health (NIH) launched the Bridge2AI program to expand the use of artificial intelligence in biomedical and behavioral research. The National Institutes of Health invested $130.0 million over four years, pending the availability of funds, to accelerate the widespread use of artificial intelligence (AI) by the biomedical and behavioral research communities.
To develop accelerators for data and AI readiness investment needed across distinct industries as well as pre-built industry and functional models that take advantage of new generative AI capabilities.For instance, in June 2023, Accenture announced a $3.0 billion investment over three years in its Data & AI practice to help clients across all industries rapidly and responsibly advance and use AI to achieve greater growth, efficiency, and resilience.Expanded Data & AI practice to offer new industry solutions and pre-built models that help companies across 19 industries drive value.
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Technology
o By Offering
o By Industry Vertical
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Amazon Web Services, Inc., Google LLC, IBM Corp., Microsoft Corp., Nvidia Corp. among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Artificial Intelligence (AI) Toolkit Market Report Segment
By Technology
- Natural Language Processing
- Machine Learning
- Computer Vision
- Robotic Process Automation
By Offering
- Software
- Hardware
- Services
By Industry Vertical
- BFSI
- Retail & eCommerce
- Healthcare & Life Sciences
- Manufacturing
- IT & Telecom
- Energy & Utilities
- Government & Defense
- Automotive, Transportation, & Logistics
- Media & Entertainment
- Others (Education, Travel & Hospitality, Construction & Real Estate, and Agriculture)
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Artificial Intelligence (AI) Toolkit Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Alibaba Group Holding Ltd.
- Altair Engineering Inc.
- Baidu, Inc.
- Clarifai, Inc.
- Databricks, Inc.
- DataRobot, Inc.
- ai, Inc.
- Intel Corp.
- Kyndryl Inc.
- Oracle Corp.
- Salesforce Inc.
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
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