Report Highlights
The global artificial intelligence (AI) market should reach $132.9 billion by 2024 from $26.2 billion in 2019 at a compound annual growth rate (CAGR) of 38.4% for the forecast period of 2019 to 2024.
Report Includes
- 88 tables
- An overview of the global market and technologies for artificial intelligence (AI)
- Analyses of market trends, with data from 2018, 2019 and projections of compound annual growth rates (CAGRs) through 2024
- Discussion on market drivers, restraints, current trends and investments in artificial intelligence market
- Knowledge about machine learning, natural language processing (NLP), context aware computing and computer vision
- Assessment of current market size, market forecast, and market share analysis of the leading suppliers of the industry
- Information on mergers & acquisitions, partnerships, and expansion in artificial intelligence market
- Detailed profiles of key companies in the industry, including Amazon, Cisco Systems Inc., Facebook Inc., General Electric, Intel Corp., Microsoft Corp., Oracle Corp., Salesforce Inc., and Samsung Electronics Co. Ltd.
Report Scope
The scope of this report is broad and covers the global markets for artificial intelligence, which is increasingly being implemented across a wide range of industries for various applications. The market is broken down by solution, end-user industry, technology and region. Revenue forecasts from 2019 to 2024 are presented for each type, technology, end-user industry, and regional market.
The report also includes a discussion of the major players in each regional market for artificial intelligence. It explains the major market drivers of the global market, current trends in the industry and the regional dynamics of the artificial intelligence market. The report concludes with detailed profiles of major vendors in the global artificial intelligence industry.
Analyst Credentials
Aneesh Kumar has been a project manager and partner with BizImpact Knowledge Services, LLP, a market research and services company primarily focused on opportunities in science and technology, since 2011. Kumar manages a team focused on global market research projects, primary interviews and market forecasting. He holds a BBA from the Institute of Chartered Financial Analysts of India and is a member of the Indo-German Chambers of Commerce.
Related Reports
Quantum Computing: Technologies and Global Markets to 2030
The global market for quantum computing technologies is expected to grow from $1.6 billion in 2025 to reach $7.3 billion by the end of 2030, at a compound annual growth rate (CAGR) of 34.6% from 2025 to 2030.
Cognitive Computing: Applications and Global Markets
The global market for cognitive computing should grow from $32.5 billion in 2021 to $147.8 billion by 2026 with a compound annual growth rate (CAGR) of 35.4% for the period of 2021-2026.
Machine Learning: Global Markets to 2026
The global market for machine learning should grow from $17.1 billion in 2021 to $90.1 billion by 2026 with a compound annual growth rate (CAGR) of 39.4% for the period of 2021-2026.
Smart Retail: Technologies and Global Markets
The global market for smart retail technologies should grow from $22.6 billion in 2021 to $68.8 billion by 2026 with a compound annual growth rate (CAGR) of 24.9% for the period of 2021-2026.
Track the Latest Global Tariff Developments
In today's fast-paced global economy, tariffs are no longer static—they are dynamic levers shaped by geopolitical realignments, supply chain vulnerabilities, inflationary pressures, and sustainability-driven trade reforms. As governments worldwide recalibrate their trade strategies, businesses are left to navigate a maze of shifting rules, rising costs, and regulatory uncertainty.
Our analysis empowers you with real-time updates and in-depth expert analysis on all facets of global tariff activity. From new trade agreements and sanctions to abrupt tariff hikes and retaliatory duties, we monitor developments across borders, sectors, and industries—so you don't have to.
Whether it's the ongoing U.S.–China trade dynamics, the evolving EU Carbon Border Adjustment Mechanism (CBAM), or the emerging policies in India, ASEAN, and Latin America, we provide full-spectrum coverage. We also track multilateral trade negotiations, World Trade Organization (WTO) rulings, and sector-specific duty structures—ensuring you are always ahead of global trade shifts.
With our analysis, you can stay informed, identify risks, and confidently respond to tariff changes—no matter where you operate.
Ready to see what tariff means for your business?
Consult with our experts or request your custom Tariff Impact Brife today
Stay Informed, Stay Competitive
In today's interconnected and unpredictable global economy, staying ahead of tariff shifts is not just important—it's essential. BCC Research provides decision-makers with trusted, research-driven insights that turn uncertainty into opportunity.
Our in-depth market analysis and trade intelligence help you decode how tariff changes impact your specific sector—manufacturing, healthcare, technology, agriculture, or energy. We break down complex data into actionable knowledge through comprehensive reports, expert commentaries, and sector-focused forecasts.
Our analysis includes:
- Thorough breakdowns of current and proposed tariff policies and how they affect regional and global trade flows.
- Sector-specific implications, helping you understand the strategic impact on sourcing, pricing, and competitiveness.
- Forward-looking insights to support risk management, planning, and response strategies for evolving trade conditions.
With BCC Research, you gain more than just information—you gain clarity and confidence to make well-informed decisions in a volatile trade environment.
Don't let tariffs catch you off guard—let our insights guide your strategy.
Recent Reports
State of the Digital World Industry - 2026 Second Quarter Review
The digital world industry is advancing rapidly, driven by growth in AI, automation, edge computing, connected systems, intelligent surveillance, and photonics. These developments are improving efficiency, security, data processing, and digital connectivity across key technology domains.
State of the Digital World Industry - 2026 First Quarter Review
In Q1 2026, the instrumentation and sensors industry saw notable progress in quantum technologies. Researchers at IISc developed a new method to guide quantum sensors through dense, cell-like environments, enabling real-time monitoring of parameters like temperature and viscosity without damaging cells. This advancement could support early detection of biological markers linked to diseases such as cancer and aging. Quantum sensors are also gaining traction across industries, improving medical diagnostics (e.g., MRI and MEG) and enabling highly precise navigation systems in automotive and defense applications, even without satellite signals.
2025 Next Generation Technologies Research Review
Explore BCC Research’s 2025 Next Generation Technologies Research Review covering emerging technologies, market trends, innovation developments and growth opportunities across high-impact sectors.
State of the Digital World Industry - Fourth Quarter Review
Digital World Industry Market Report offers insights on trends, growth drivers, key players, and forecasts shaping the global digital economy.
Data Center Networking Technologies: Global Markets
The global market for data center networking technologies is expected to grow from $45.8 billion in 2025 and is projected to reach $103 billion by the end of 2030, at a compound annual growth rate (CAGR) of 17.6% during the forecast period of 2025 to 2030.
Top Trending Reports
2025 Medical Devices Research Review
Get a concise view of the medical devices sector with BCC Research’s 2025 review covering market dynamics, emerging technologies and industry developments.
Single-use Technologies for Biopharmaceuticals: Global Markets
The global market for single-use technologies (SUTs) for biopharmaceuticals was valued at $8.3 billion in 2025 and, is estimated to reach $9.2 billion by 2026 and $16.3 billion by 2031, at a compound annual growth rate (CAGR) of 12.2% from 2026 through 2031.
Biologic Therapies for Wound Care: Technologies and Global Markets
The global market for wound care biologics is expected to grow from $7 billion in 2025 and is projected to reach $10.8 billion by the end of 2030, at a compound annual growth rate (CAGR) of 9.1% during the forecast period of 2025 to 2030.
Power Infrastructure for Data Centers: Global Markets
This report provides a comprehensive analysis of global power infrastructure for data centers market, segmented by power infrastructure component, data center type, and end-use. It includes global revenue for the base year of 2024 and estimated data for the forecast period 2025 through 2030. The report focuses on trends, challenges, and the competitive landscape, including market share of leading companies and company profiles with financials, product portfolios, and recent developments.
Bioinformatics: Technologies and Global Markets
The global bioinformatics market was valued at $23.5 billion in 2025 and is estimated to reach $43.5 billion by the end of 2030, at a compound annual growth rate (CAGR) of 13.1% from 2025 to 2030.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More