India Artificial Intelligence market is estimated to grow significantly at a CAGR of 37.2% during the forecast period. There are a lot of opportunities available in AI technology in India with the increasing adoption of technologies. India is one of the fastest emerging economies for AI in the Asia-Pacific region. Adoption of various government policies to drive AI innovation, adaptation, and proliferation in various sectors such as information & technology, healthcare, consumer goods along with many other sectors. For instance, in May 2019, NITI Aayog, Department of the Indian government, has drawn up a plan for creating an institutional framework for AI in the country.
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The department has circulated a cabinet note to provide $75 billion in funding for the creation of a cloud computing platform called AIRAWAT and research institutes. Moreover, in June 2018, the Indian government defined a national policy on AI in a working paper titled National Strategy for Artificial Intelligence #AIforAll. The NITI Aayog has announced to focus on five sectors that are envisioned to benefit from AI.
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Market Segmentation
India Artificial Intelligence Market by Offering
- Hardware
- Software & Services
India Artificial Intelligence Market by End-User Industry
- Manufacturing
- Automotive
- IT and BFSI
- Healthcare
- E-Commerce & Logistics
- Home Appliances
- Other (Agriculture, Energy & Utilities, Media & Entertainment, Education)
Company Profiles
- Accubits Technologies
- com, Inc.
- Forus Health Pvt. Ltd.
- Haptik, Inc.
- IBM Corp.
- InformDS Technologies Pvt. Ltd.
- Niramai Health Analytix Pvt. Ltd.
- Q3 technologies, Inc.
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