Asia-Pacific Artificial Intelligence Market: Global Market Size, Industry Growth

Posted by mansi on January 29th, 2020

Asia-Pacific Artificial Intelligence market is estimated to grow significantly at a CAGR of 36.6% during the forecast period. The major countries which will contribute in the market include China, India and Japan. China is the biggest market for AI market. The artificial intelligence in Asia-Pacific region is largely driven by the investment from the private technology company towards artificial intelligence development owing to the availability of economical workforces coupled with large volume and broad range of data generated by the users of mobile internet and various applications.

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The large amount of data produced enables artificial intelligence systems to generate more sophisticated insights, thus, offering companies to reduce costs, scale operations, improve productivity and enhances more targeted products and services to consumers. India is expected to be the fastest growing country in the region. It is due significant opportunities in the country in IoT, automobile and digitalization. China is expected to have largest market share in the region owing to considerable technological advancement, high penetration of IoT devices and presence of major AI companies including Alibaba, Tencent and Baidu.

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The market is segmented on the basis of offering, end-user industry, and country. Based on offering, the market is divided into software & services and hardware. Based on the end-user industry, the market is segmented into manufacturing, automotive, IT and BFSI, healthcare, e-commerce & logistics, home appliances, and others. On the basis of country, the market covers the analysis of China, Japan, India, and Rest of Asia-Pacific. India is expected to grow at the highest CAGR during the forecast period.

Some of the companies which are contributing to the growth of the Asia-Pacific AI market include AIBrain Inc., Alibaba, Baidu Inc., ViSenze Pte. Ltd., Google LLC, IBM Corp., Microsoft Corp., and others.

Market Segmentation

by Offering

  • Hardware
  • Software & Services

by End-User Industry

  • Manufacturing
  • Automotive 
  • IT and BFSI 
  • E-Commerce & Logistics 
  • Other (Agriculture, Energy & Utilities, Media & Entertainment, Education)

Regional Analysis

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Company Profiles

  • AIBrain, Inc.
  • Alibaba Group
  • Artivatic Data Labs Pvt. Ltd.
  • Google LLC
  • IBM Corp.
  • Lunit Inc
  • Microsoft Corp.
  • Oracle Corp.
  • ViSenze Pte Ltd.

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Joined: January 22nd, 2020
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