Artificial Intelligence
Global Artificial Intelligence (AI) Market to Reach US$341.4 Billion by the Year 2027
New York, May 11, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Artificial Intelligence (AI) Industry” – https://www.reportlinker.com/p05478480/?utm_source=GNW
– Online interactive peer-to-peer collaborative bespoke updates
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– Complimentary updates for one yearGlobal Artificial Intelligence (AI) Market to Reach US$341.4 Billion by the Year 2027
– Amid the COVID-19 crisis, the global market for Artificial Intelligence (AI) estimated at US$46.9 Billion in the year 2020, is projected to reach a revised size of US$341.4 Billion by 2027, growing at a CAGR of 32.8% over the analysis period 2020-2027.Services, one of the segments analyzed in the report, is projected to grow at a 32.6% CAGR to reach US$142.7 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 30.4% CAGR for the next 7-year period. This segment currently accounts for a 37.9% share of the global Artificial Intelligence (AI) market.
– The U.S. Accounts for Over 41.2% of Global Market Size in 2020, While China is Forecast to Grow at a 39.1% CAGR for the Period of 2020-2027
– The Artificial Intelligence (AI) market in the U.S. is estimated at US$19.3 Billion in the year 2020. The country currently accounts for a 41.22% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$64.7 Billion in the year 2027 trailing a CAGR of 39.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 27.6% and 29% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 31.2% CAGR while Rest of European market (as defined in the study) will reach US$64.7 Billion by the year 2027.
– Hardware Segment Corners a 19.9% Share in 2020
– In the global Hardware segment, USA, Canada, Japan, China and Europe will drive the 36.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.7 Billion in the year 2020 will reach a projected size of US$68.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$46.7 Billion by the year 2027.
– Select Competitors (Total 865 Featured) AIBrain, Inc. Advanced Micro Devices, Inc. Amazon Web Services Baidu, Inc. Cisco Systems, Inc. eGain Corporation General Electric Company Google, Inc. Intel Corporation International Business Machines Corporation (IBM) Meta (Facebook company is now Meta) Micron Technology, Inc. Microsoft Corporation Nippon Telegraph and Telephone Corporation Nuance Communications, Inc. NVIDIA Corporation Omron Corporation Oracle Corporation Rockwell Automation, Inc. Salesforce.com, inc. Samsung Electronics Co., Ltd. SAP SE SAS Institute Inc. Siemens AG
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
With IMF Making an Upward Revision of Global GDP for 2022,
Companies Remain Bullish About an Economic Comeback
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2020 through 2022
Artificial Intelligence Gains Significant Interest as
Industries Expedite Digital Transformation Strategies
A Peek into Application of AI in War Against the Pandemic
Machine Learning Benefits Healthcare Organizations
COVID-19-Led Budgetary Reticence Dampens Spending, but AI
Enjoys Resilient Interest in Banking Sector
Retailers Rely on AI to Stay Afloat & Embrace New Normal
Emphasis on Technology Adoption Elicits AI Implementation in
Manufacturing Industry
Competition
AI Marketplace Characterized by Intense Competition
EXHIBIT 2: Artificial Intelligence (AI) – Global Key
Competitors Percentage Market Share in 2022 (E)
Growing Focus on AI by Leading Tech Companies with Huge
Financial Resources
AI Presents Compelling Opportunities for Established & Startup
Companies
Competitive Market Presence – Strong/Active/Niche/Trivial for
300 Players Worldwide in 2022 (E)
Funding Landscape Remains Vibrant in the AI Technology Space
EXHIBIT 3: Global AI Investment (in US$ Billion) for the Years
2015 through 2021
EXHIBIT 4: Distribution of Global Investment in AI by Region/
Country: 2021
EXHIBIT 5: Number of AI Startups with $1 Billion Valuations for
the Years 2014-2020
EXHIBIT 6: AI Cumulative Funding (in US$ Billion) by Category
(As of 2020)
AI Applications and Major Startups
Artificial Intelligence (AI): A Prelude
Technologies Enabling AI
Market Outlook
Prominent Factors with Implications for Evolution & Future of
Artificial Intelligence
Advances in Real World AI Applications Bolster Growth
Inherent Advantages of AI Technology to Accelerate Adoption in
Varied Applications
Banking Sector Shows Unwavering Interest in AI
AI Reshapes the Future of Manufacturing Industry
AI-based Services Segment Captures Major Share of Global AI Market
Developed Markets Dominate, Asia-Pacific to Spearhead Future
Growth
Deep Learning and Digital Assistant Technologies Present
Significant Growth Potential
Major Challenges Faced in AI Implementation
World Brands
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Accelerating Pace of Digital Transformation to Benefit Demand
for AI
EXHIBIT 7: Digital Transformation by Industry: 2020
EXHIBIT 8: Industry Adoption of Artificial Intelligence (AI) by
Function: 2020
Noteworthy Technological Trends to Watch-for in Artificial
Intelligence Space
Machine Learning and AI-Assisted Platforms Personalize Customer
Experiences in Marketing Applications
EXHIBIT 9: Ranking of Business Outcomes Realized through AI
Application in Marketing
Businesses to Gain from Application of AI in Predictive
Marketing Analytics and Demand Forecasting
Growing Role of AI in the Metaverse
AI Hosting at Edge to Drive Growth
EXHIBIT 10: Global Edge Computing Market in US$ Billion: 2020,
2024, and 2026
AI-enabled Analysis and Forecasts Aid Organizations Make
Profitable Decisions
AI-Powered Biometric Security Solutions Gain Momentum
EXHIBIT 11: Global Biometrics Market in US$ Billion: 2016,
2020, and 2025
New and Improved Concepts in ML and AI take Stage
IIoT & AI Convergence Brings in Improved Efficiencies
EXHIBIT 12: Global Breakdown of Investments in Manufacturing
IoT (in US$ Billion) for the Years 2016, 2018, 2020 and 2025
EXHIBIT 13: Industry 4.0 Technologies with Strongest Impact on
Organizations: 2020
Increasing Adoption of AI Technology to Boost AI Chipsets Market
Combination of Robotics and AI Set to Cause Significant
Disruption in Various Industries
AI Innovations Widen Prospects
Blockchain & Artificial Intelligence (AI): A Powerful Combination
Big Data Trends to Shape Future of Artificial Intelligence
AI in Retail Market: Multi-Channel Retailing and e-Commerce
Favor Segment Growth
EXHIBIT 14: Digital Transformation in Retail Industry Promises
Lucrative Growth Opportunities: Global Retail IT Spending (In
US$ Billion) for the Years 2018, 2020, 2022 & 2024
AI for a Competitive Edge for Retail Organizations
Online Retailers Eye on Artificial Intelligence to Boost
Business in Post-COVID-19 Era
AI & Analytics Help Retailers Survive Economic & Operational
Implications of COVID-19
AI for Fashion Retail and Beauty
AI for Grocery, Electronics, and Home & Furniture
Ecommerce Attracts Strong Growth
Detailed Insight into How e-commerce Makes use of AI
EXHIBIT 15: Global B2C e-Commerce Market Reset & Trajectory –
Growth Outlook (In %) For Years 2019 Through 2025
EXHIBIT 16: Retail M-Commerce Sales as % of Retail E-commerce
Sales Worldwide for the Years 2016, 2018, 2020 & 2022
Financial Sector: AI and Machine Learning Offer Numerous Gains
Fintech Deploys AI to Target Millennials
AI in Media & Advertising: Targeting Customers with Right
Marketing Content
Possibilities Galore for AI in Digital Marketing
AI-Enabled CRM Market: Promising Growth Opportunities in Store
Artificial Intelligence Set to Transform Delivery of Healthcare
Services
AI to Play a Significant Role in Automation and Improving
Clinical Outcomes
EXHIBIT 17: Global Healthcare AI Market – Percentage Breakdown
by Application for 2020
AI in Pharmaceutical Sector
COVID-19 Spurs New Developments and Expedites AI Adoption in
Healthcare Industry
Artificial Intelligence Holds Potential to Accelerate Detection &
Treatment of COVID-19
Rising Prevalence of Diabetes to Drive AI Adoption in Diabetes
Management Market
EXHIBIT 18: World Diabetes Prevalence (2000-2045P)
Barriers Restraining AI Adoption in Healthcare Sector
Automotive AI Market: Need to Enhance Customer Experience
Propels Growth
EXHIBIT 19: Automotive AI Market By Segment
Demand Recovery in Automobile Sector Steers Growth Opportunities
EXHIBIT 20: World Automobile Production in Million Units: 2008-
2022
Increasing Focus on Electric Vehicles and Autonomous Vehicles
Provide the Perfect Platform to Shape Future Growth
EXHIBIT 21: Global Autonomous Vehicle Sales (In Million) for
Years 2020, 2025 & 2030
Automakers Focus on Integrating AI-Powered Driver Assist
Features in Vehicles
AI to Enhance Connectivity, Provide Infotainment and Enhance
Safety in Vehicles
AI for Smart Insurance Risk Assessment of Vehicles
Artificial Intelligence Steps into Manufacturing Space to
Transform Diverse Aspects
Industrial AI to Influence Manufacturing in a Major Way
Industrial IoT, Robotics and Big Data to Stimulate AI
Implementations
EXHIBIT 22: Global Investments on Industry 4.0 Technologies
(in US$ Billion) for the Years 2017, 2020, & 2023
EXHIBIT 23: Global Predictive Maintenance by Market in US$
Billion for Years 2020, 2022, 2024, and 2026
AI as a Service Market: Obviating the Need to Make Huge Initial
Investments
AI in Education Market to Exhibit Strong Growth
EXHIBIT 24: Global Market for AI in Healthcare Sector (2019):
Percentage Breakdown of Revenues by End-Use – Higher Education
and K-12 Sectors
Focus on ITS, IAL and Chatbots Favors Market Growth
Agriculture Sector: A Promising Market for AI Implementations
AI Technologies Used in Agricultural Activities – A Review
AI Poised to Create Smarter Agriculture Practices in Post-
COVID-19 Period
Food & Beverage Industry to Leverage AI Capabilities to Resolve
Production Issues and Match Up to Customer Expectations
AI Adoption Gains Acceptance in Modern Warfare Systems in the
Defense Sector
Energy & Utilities: Complex Landscape and High Risk of
Malfunctions Enhances Need for AI-based Systems
COVID-19 Raises Demand for AI Technologies in Oil & Gas Sector
EXHIBIT 25: Top Technology Investments in Oil and Gas Sector: 2020
AI in Construction Sector: Need for Cost Reduction and Safety
at Construction Sites Drive Focus onto the Use of AI-based
Solutions
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for
Artificial Intelligence (AI) by Geographic Region – USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR
Table 2: World Historic Review for Artificial Intelligence (AI)
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2015 through 2019
and % CAGR
Table 3: World 12-Year Perspective for Artificial Intelligence
(AI) by Geographic Region – Percentage Breakdown of Value
Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific
and Rest of World Markets for Years 2015, 2021 & 2027
Table 4: World Recent Past, Current & Future Analysis for
Services by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR
Table 5: World Historic Review for Services by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Million for Years 2015 through 2019 and % CAGR
Table 6: World 12-Year Perspective for Services by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2015, 2021 & 2027
Table 7: World Recent Past, Current & Future Analysis for
Software by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR
Table 8: World Historic Review for Software by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Million for Years 2015 through 2019 and % CAGR
Table 9: World 12-Year Perspective for Software by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2015, 2021 & 2027
Table 10: World Recent Past, Current & Future Analysis for
Hardware by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR
Table 11: World Historic Review for Hardware by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Million for Years 2015 through 2019 and % CAGR
Table 12: World 12-Year Perspective for Hardware by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2015, 2021 & 2027
Table 13: World Recent Past, Current & Future Analysis for
Computer Vision by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR
Table 14: World Historic Review for Computer Vision by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2015 through 2019
and % CAGR
Table 15: World 12-Year Perspective for Computer Vision by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2015, 2021 & 2027
Table 16: World Recent Past, Current & Future Analysis for
Machine Learning by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR
Table 17: World Historic Review for Machine Learning by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2015 through 2019
and % CAGR
Table 18: World 12-Year Perspective for Machine Learning by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2015, 2021 & 2027
Table 19: World Recent Past, Current & Future Analysis for
Context Aware Computing by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR
Table 20: World Historic Review for Context Aware Computing by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2015 through 2019
and % CAGR
Table 21: World 12-Year Perspective for Context Aware Computing
by Geographic Region – Percentage Breakdown of Value Revenues
for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2015, 2021 & 2027
Table 22: World Recent Past, Current & Future Analysis for
Natural Language Processing by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR
Table 23: World Historic Review for Natural Language Processing
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2015 through 2019
and % CAGR
Table 24: World 12-Year Perspective for Natural Language
Processing by Geographic Region – Percentage Breakdown of Value
Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific
and Rest of World for Years 2015, 2021 & 2027
Table 25: World Recent Past, Current & Future Analysis for
Advertising & Media by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR
Table 26: World Historic Review for Advertising & Media by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2015 through 2019
and % CAGR
Table 27: World 12-Year Perspective for Advertising & Media by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2015, 2021 & 2027
Table 28: World Recent Past, Current & Future Analysis for BFSI
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR
Table 29: World Historic Review for BFSI by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2015 through 2019 and % CAGR
Table 30: World 12-Year Perspective for BFSI by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2015, 2021 & 2027
Table 31: World Recent Past, Current & Future Analysis for
Healthcare by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR
Table 32: World Historic Review for Healthcare by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Million for Years 2015 through 2019 and % CAGR
Table 33: World 12-Year Perspective for Healthcare by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2015, 2021 & 2027
Table 34: World Recent Past, Current & Future Analysis for
Retail by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR
Table 35: World Historic Review for Retail by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2015 through 2019 and % CAGR
Table 36: World 12-Year Perspective for Retail by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2015, 2021 & 2027
Table 37: World Recent Past, Current & Future Analysis for
Automotive & Transportation by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR
Table 38: World Historic Review for Automotive & Transportation
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2015 through 2019
and % CAGR
Table 39: World 12-Year Perspective for Automotive &
Transportation by Geographic Region – Percentage Breakdown of
Value Revenues for USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
Table 40: World Recent Past, Current & Future Analysis for
Manufacturing by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR
Table 41: World Historic Review for Manufacturing by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Million for Years 2015 through 2019 and % CAGR
Table 42: World 12-Year Perspective for Manufacturing by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2015, 2021 & 2027
Table 43: World Recent Past, Current & Future Analysis for
Agriculture by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR
Table 44: World Historic Review for Agriculture by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Million for Years 2015 through 2019 and % CAGR
Table 45: World 12-Year Perspective for Agriculture by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2015, 2021 & 2027
Table 46: World Recent Past, Current & Future Analysis for
Other End-Uses by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR
Table 47: World Historic Review for Other End-Uses by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2015 through 2019
and % CAGR
Table 48: World 12-Year Perspective for Other End-Uses by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2015, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
Artificial Intelligence (AI) Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in the United States for 2022
(E)
Artificial Intelligence Market: An Overview
Healthcare: A Promising Application Market for AI Technology
Funding for AI Startups Continues to Grow
EXHIBIT 26: Top Funded AI Startups in the US: 2021
Market Analytics
Table 49: USA Recent Past, Current & Future Analysis for
Artificial Intelligence (AI) by Component – Services, Software
and Hardware – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR
Table 50: USA Historic Review for Artificial Intelligence (AI)
by Component – Services, Software and Hardware Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2015 through 2019 and % CAGR
Table 51: USA 12-Year Perspective for Artificial Intelligence
(AI) by Component – Percentage Breakdown of Value Revenues for
Services, Software and Hardware for the Years 2015, 2021 & 2027
Table 52: USA Recent Past, Current & Future Analysis for
Artificial Intelligence (AI) by Technology – Computer Vision,
Machine Learning, Context Aware Computing and Natural Language
Processing – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR
Table 53: USA Historic Review for Artificial Intelligence (AI)
by Technology – Computer Vision, Machine Learning, Context
Aware Computing and Natural Language Processing Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2015 through 2019 and % CAGR
Table 54: USA 12-Year Perspective for Artificial Intelligence
(AI) by Technology – Percentage Breakdown of Value Revenues for
Computer Vision, Machine Learning, Context Aware Computing and
Natural Language Processing for the Years 2015, 2021 & 2027
Table 55: USA Recent Past, Current & Future Analysis for
Artificial Intelligence (AI) by End-Use – Advertising & Media,
BFSI, Healthcare, Retail, Automotive & Transportation,
Manufacturing, Agriculture and Other End-Uses – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 56: USA Historic Review for Artificial Intelligence (AI)
by End-Use – Advertising & Media, BFSI, Healthcare, Retail,
Automotive & Transportation, Manufacturing, Agriculture and
Other End-Uses Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2015 through 2019 and % CAGR
Table 57: USA 12-Year Perspective for Artificial Intelligence
(AI) by End-Use – Percentage Breakdown of Value Revenues for
Advertising & Media, BFSI, Healthcare, Retail, Automotive &
Transportation, Manufacturing, Agriculture and Other End-Uses
for the Years 2015, 2021 & 2027
CANADA
Market Overview
Top-Tier Canadian Cities Primed for AI Growth
Market Analytics
Table 58: Canada Recent Past, Current & Future Analysis for
Artificial Intelligence (AI) by Component – Services, Software
and Hardware – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR
Table 59: Canada Historic Review for Artificial Intelligence
(AI) by Component – Services, Software and Hardware Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2015 through 2019 and % CAGR
Table 60: Canada 12-Year Perspective for Artificial
Intelligence (AI) by Component – Percentage Breakdown of Value
Revenues for Services, Software and Hardware for the Years
2015, 2021 & 2027
Table 61: Canada Recent Past, Current & Future Analysis for
Artificial Intelligence (AI) by Technology – Computer Vision,
Machine Learning, Context Aware Computing and Natural Language
Processing – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR
Table 62: Canada Historic Review for Artificial Intelligence
(AI) by Technology – Computer Vision, Machine Learning, Context
Aware Computing and Natural Language Processing Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2015 through 2019 and % CAGR
Table 63: Canada 12-Year Perspective for Artificial
Intelligence (AI) by Technology – Percentage Breakdown of Value
Revenues for Computer Vision, Machine Learning, Context Aware
Computing and Natural Language Processing for the Years 2015,
2021 & 2027
Table 64: Canada Recent Past, Current & Future Analysis for
Artificial Intelligence (AI) by End-Use – Advertising & Media,
BFSI, Healthcare, Retail, Automotive & Transportation,
Manufacturing, Agriculture and Other End-Uses – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 65: Canada Historic Review for Artificial Intelligence
(AI) by End-Use – Advertising & Media, BFSI, Healthcare,
Retail, Automotive & Transportation, Manufacturing, Agriculture
and Other End-Uses Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2015 through 2019 and % CAGR
Table 66: Canada 12-Year Perspective for Artificial
Intelligence (AI) by End-Use – Percentage Breakdown of Value
Revenues for Advertising & Media, BFSI, Healthcare, Retail,
Automotive & Transportation, Manufacturing, Agriculture and
Other End-Uses for the Years 2015, 2021 & 2027
JAPAN
Artificial Intelligence (AI) Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in Japan for 2022 (E)
Market Analytics
Table 67: Japan Recent Past, Current & Future Analysis for
Artificial Intelligence (AI) by Component – Services, Software
and Hardware – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR
Table 68: Japan Historic Review for Artificial Intelligence
(AI) by Component – Services, Software and Hardware Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2015 through 2019 and % CAGR
Table 69: Japan 12-Year Perspective for Artificial Intelligence
(AI) by Component – Percentage Breakdown of Value Revenues for
Services, Software and Hardware for the Years 2015, 2021 & 2027
Table 70: Japan Recent Past, Current & Future Analysis for
Artificial Intelligence (AI) by Technology – Computer Vision,
Machine Learning, Context Aware Computing and Natural Language
Processing – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR
Table 71: Japan Historic Review for Artificial Intelligence
(AI) by Technology – Computer Vision, Machine Learning, Context
Aware Computing and Natural Language Processing Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2015 through 2019 and % CAGR
Table 72: Japan 12-Year Perspective for Artificial Intelligence
(AI) by Technology – Percentage Breakdown of Value Revenues for
Computer Vision, Machine Learning, Context Aware Computing and
Natural Language Processing for the Years 2015, 2021 & 2027
Table 73: Japan Recent Past, Current & Future Analysis for
Artificial Intelligence (AI) by End-Use – Advertising & Media,
BFSI, Healthcare, Retail, Automotive & Transportation,
Manufacturing, Agriculture and Other End-Uses – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 74: Japan Historic Review for Artificial Intelligence
(AI) by End-Use – Advertising & Media, BFSI, Healthcare,
Retail, Automotive & Transportation, Manufacturing, Agriculture
and Other End-Uses Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2015 through 2019 and % CAGR
Table 75: Japan 12-Year Perspective for Artificial Intelligence
(AI) by End-Use – Percentage Breakdown of Value Revenues for
Advertising & Media, BFSI, Healthcare, Retail, Automotive &
Transportation, Manufacturing, Agriculture and Other End-Uses
for the Years 2015, 2021 & 2027
CHINA
Artificial Intelligence (AI) Market Presence – Strong/Active/
Niche/Trivial – Key Competitors in China for 2022 (E)
Market Overview
China Continues Investments in AI Startups
EXHIBIT 27: Chinese AI Market: Funding for AI Startups (in $
Billion): 2016-2020
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This award recognizes Clario’s commitment to delivering the levels of excellence and innovation required to ensure data integrity in clinical trials.
Clario receives award for its broad endpoint technology solutions and scientific expertise, which together enhance data integrity and regulatory compliance for its customers.Clario’s services, combined with SAS® analytics solutions, set a new benchmark in data management, underscoring the value Clario brings to its customers.Coupled with Clario’s support of 62% of last year’s FDA approvals and the two recent data security certifications, these accomplishments emphasize its significant contribution to healthcare research advancements.PHILADELPHIA, April 23, 2024 /PRNewswire/ — Clario, a healthcare research and technology company that delivers the leading endpoint technology solutions for clinical trials, today announced it has been awarded the 2024 SAS Global Service Provider Partner of the Year for delivering superior value to its customers. SAS, a leader in data and AI, celebrated the recipients of its annual partner awards at SAS Innovate, its flagship event for business leaders, technical users and SAS Partners. This award recognizes Clario’s commitment to excellence and innovation, which together ensure that the clinical trial data Clario delivers to its customers meets stringent data integrity standards and global regulatory compliance requirements.
Clario has consistently demonstrated its expertise in developing and integrating advanced technological solutions to meet the evolving clinical trial needs of its customers. Clario’s services, combined with SAS technology, standardize clinical data for regulatory compliance purposes. This standardization streamlines the regulatory review process, ensures data integrity, and facilitates compliance with regulatory standards set by entities such as the Food and Drug Administration (FDA) and the European Medicines Agency (EMA).
“We are honored to be recognized as the SAS Global Service Provider Partner of the Year. This award reaffirms our commitment to leading the way in innovative technological solutions for high-quality and more consistent clinical trials for our customers around the world,” said Jay Ferro, Chief Information, Technology and Product Officer at Clario. “Having supported 62% of the FDA approvals last year, along with our recent data security milestones ISO 27001:2022 certification and SOC2 Type II attestation, Clario is powering the advancement of healthcare research, ensuring we meet the highest standards in data management.”
Clario’s broadest endpoint technological solutions and its partnership with SAS address the challenges of data management in healthcare research. This collaboration not only ensures data integrity and streamlines regulatory processes but also underscores the value it brings to its customers.
For more information on Clario and its clinical trial data management platform, please visit Clario.com.
About Clario
Clario is a leading healthcare research and technology company that generates the highest quality clinical evidence for our pharmaceutical, biotech, and medical device partners. We offer comprehensive evidence-generation solutions that combine eCOA, cardiac safety, medical imaging, precision motion, and respiratory endpoints.
Clario’s science, technology, and operational experts have helped deliver over 26,000 trials and contributed to over 800 regulatory approvals in more than 100 countries. For more than 50 years, we have provided deep scientific expertise and the broadest endpoint technologies to help transform lives around the world.
Clario Media Contact:Alexis NavratilCommunications [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/clario-awarded-sas-global-service-provider-partner-of-the-year-302123703.html
Artificial Intelligence
Clarivate Acquires Global QMS, Inc., Expanding Life Sciences & Healthcare Segment into New Markets
Acquisition supports critical client workflow and reporting needs with proprietary SaaS platform, automating regulatory report authoring and compliance across manufacturing operations, supply chain and quality management
LONDON, April 23, 2024 /PRNewswire/ — Clarivate Plc (NYSE:CLVT) a leading global provider of transformative intelligence, today announced that it has acquired Global QMS, Inc., known as Global Q, a provider of cloud-based solutions that enable life sciences clients to automate regulatory reporting and compliance management. Financial terms of the transaction were not disclosed.
Global Q supports leading pharma, medtech and biotech companies by providing comprehensive access to linked and standardized workflow-ready data via its SaaS platform, Optiqs360 Digital™. The platform includes MediGPT – WorkCenter™ and MediGPT – IntelliWriter™, solutions that provide clients with interconnected data visibility and common user interfaces, across internal and external sources of record. The tools support the complex workflows and reporting needs of clinical, regulatory, product lifecycle and quality management professionals, significantly streamlining annual product reviews, medical device reports and supply chain insights.
Clarivate brings together connected data, deep expertise and intelligence solutions to empower life sciences and healthcare companies to deliver safe, effective and commercially successful treatments to patients faster. The acquisition of Global Q bolsters a robust integrated platform of life science intelligence solutions from pre-clinical and clinical offerings and further expands Clarivate capabilities in manufacturing and supply chain management to include regulatory report authoring and compliance management. The workflow and reporting capabilities of Global Q complement the Clarivate Cortellis Generics Intelligence solution for Active Pharmaceutical Ingredient (API) tracking. The addition of these cloud-based solutions will serve to embed Clarivate into critical client workflows and enable the expansion of Clarivate services into new markets.
Henry Levy, President, Life Sciences & Healthcare, Clarivate, said: “Clarivate continues to explore, develop and integrate next-generation workflow automation software that streamlines and digitizes manual workflows. The acquisition of Global Q builds on our strategy to deliver solutions that empower our clients to advance treatments that improve patient lives. The combined expertise, data and technologies of Clarivate and Global Q will help to address the client need for connected data to support complex analyses and evidence-based decisions in the life sciences.”
Mitch Hayes, Founder & Chief Executive Officer, Global QMS, Inc., said: “The acquisition of Global Q by Clarivate reinforces our joint missions to help global organizations obtain profound insights and efficiencies in bringing life-saving therapies to their patients worldwide. The combined business will further the vision of putting contextually aware intelligence directly into our customers’ workflows and facilitating their daily tasks in ways never before possible.”
Life sciences professionals responsible for new product development, manufacturing and regulatory compliance are looking to connect the dots across multiple data points to accelerate their treatment and prevention efforts and realize better patient health outcomes. Harmonized and connected data sources can address the industry need for content authoring automation spanning multiple systems and workflows. The acquisition of Global Q enables Clarivate to seamlessly tap into the digital thread market, allowing for proprietary data and insights gleaned from Clarivate solutions to frictionlessly be integrated into customer workflows.
Following the successful acquisition and integration of companies, including Decision Resources Group (DRG), Bioinfogate, Patient Connect, Dialog (part of ProQuest) and IP from MotionHall, the acquisition of Global Q further demonstrates the continuing investment by Clarivate in high-value data, analytics and innovative technology paired with deep subject matter and technical expertise within its Life Sciences and Healthcare segment.
As a trusted partner in shaping the future of healthcare, Clarivate proactively addresses industry demands through intelligence platforms that connect data and use AI and advanced analytics to revolutionize patient engagement, overcome access barriers and fulfill unmet needs. The complementary solutions of Clarivate and Global Q will better position the company in a market that favors innovative tech-enabled providers with end-to-end capabilities and unique market-leading data sets.
Forward-Looking Statements This communication contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management’s current views concerning future business, events, trends, contingencies, financial performance, or financial condition, appear at various places in this communication and may use words like “aim,” “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “goal,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “see,” “seek,” “should,” “strategy,” “strive,” “target,” “will,” and “would” and similar expressions, and variations or negatives of these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management’s current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are difficult to predict and many of which are outside of our control. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, along with our other filings with the U.S. Securities and Exchange Commission (“SEC”). However, those factors should not be considered to be a complete statement of all potential risks and uncertainties. Additional risks and uncertainties not known to us or that we currently deem immaterial may also impair our business operations. Forward-looking statements are based only on information currently available to our management and speak only as of the date of this communication. We do not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, except as otherwise required by securities and other applicable laws. Please consult our public filings with the SEC or on our website at www.clarivate.com.
About Clarivate Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
About Global QMS, Inc.Global QMS, Inc., known as Global Q, is a provider of a cloud-based intelligent workflow platform that gives our customers an interconnected workspace that allows them to have a composite view of all their product data (“digital threads”), including internal R&D, post market, regulatory, manufacturing, and others, as well as external feeds and real-world data.
Media Contact: Catherine Daniel, Director, External Communications [email protected]
Investor Relations Contact Mark Donohue, Head of Investor Relations [email protected]
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9fin has bolstered its senior leadership team with an internal promotion for a newly created VP Content positionThe promotion demonstrates the strong bench of leadership talent at 9fin and will ensure the company’s content offering continues to be best in classThe company continues to expand with open roles in its US and UK officesNEW YORK, April 23, 2024 /PRNewswire/ — 9fin (https://9fin.com/), a news and analytics platform for debt capital markets, has announced the promotion of Will Caiger-Smith to VP Content, as the business continues to scale rapidly across Europe and the US.
Will was previously 9fin’s US Managing Editor. In his new VP Content role, he joins Jen Speirs, who was promoted to VP Operations last year, in the company’s growing leadership team.
Both VP positions have global mandates and demonstrate 9fin’s continued investment in people and its commitment to rapidly progressing talented leaders within the business.
As VP Content, Will directs all news and analytics across the editorial, credit, legal and ESG teams. The promotion comes as 9fin has expanded from its core leveraged finance coverage into private credit, distressed debt, and structured credit (CLOs) across Europe and the US. These new verticals further the company’s mission to be the #1 provider of data, news and analytics globally across debt capital markets.
Will continues to report directly to 9fin’s CEO and co-founder Steven Hunter.
Will Caiger-Smith commented:
“I joined 9fin because I believed the company and its founders had the vision and technology to build the comprehensive debt intelligence platform the market needs,” said Will. “In my two and a half years at this company, that belief has only intensified. I’m delighted to be driving forward the content side of the business.”
Steven Hunter, CEO and co-founder of 9fin, said:
“I’ve been incredibly impressed by Will’s contributions to scaling 9fin in just a couple of years. He opened and scaled our US office from scratch and has built a world-class team. I am delighted to see him promoted into a new expanded role and join Jen as part of our VP level leadership. I am excited to work with them both to take 9fin to the next level”
About 9fin
9fin is the faster, smarter way to find intelligence on leveraged credit. Our AI-powered data and analytics platform centralises everything that’s needed to analyse a credit or win a mandate in one place, helping subscribers win business, outperform their peers, and save time. 9fin is trusted by the largest asset managers in the world, leading law firms and advisers in debt capital markets, and nine of the top 10 investment banks.
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View original content:https://www.prnewswire.co.uk/news-releases/9fin-grows-leadership-team-with-vp-content-promotion-302124480.html
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