IMARC Group’s report titled “Asia Pacific Artificial Intelligence Market Report by Type (Narrow/Weak Artificial Intelligence, General/Strong Artificial Intelligence), Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, and Others), System (Intelligence Systems, Decision Support Processing, Hybrid Systems, Fuzzy Systems), End-Use Industry (Healthcare, Manufacturing, Automotive, Agriculture, Retail, Security, Human Resources, Marketing, Financial Services, Transportation and Logistics, and Others), and Country 2024-2032” The Asia Pacific artificial intelligence market size reached US$ 27.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 163.8 Billion by 2032, exhibiting a growth rate (CAGR) of 21.1% during 2024-2032.
The growing focus on technological advancement by both the public as well as private sectors is one of the factors responsible for the growth of the Asia Pacific artificial intelligence market. Additionally, the demand for artificial intelligence is further bolstered by the rising awareness of major Asia-Pacific countries about the potential of AI to spur economic innovation and maintain competitive advantage on the global stage. Government authorities in the region are actively supporting AI development through funding, policy initiatives, and partnerships with academia and industry leaders, thereby escalating the market. Moreover, the increasing availability of large data sets and improvements in computing power are facilitating the development and deployment of AI technologies in the region, which is contributing to the expansion of the market.
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Asia Pacific Artificial Intelligence Market Trends and Drivers:
Emerging trends in the Asia Pacific artificial intelligence market include the integration of AI with other disruptive technologies such as the Internet of Things, blockchain, and robotics. This convergence is creating advanced solutions that lead to more intelligent systems capable of autonomous decision-making and interactive behaviors, which is stimulating the market. Furthermore, the rise of AI-powered analytics is transforming how businesses derive insights from big data, offering enhanced predictive capabilities and decision support, which is acting as another growth-inducing factor. The AI landscape in Asia Pacific is also witnessing a significant shift towards ethical AI and governance frameworks as concerns about privacy, security, and AI bias gain prominence, which is anticipated to drive the Asia Pacific artificial intelligence market over the forecasted period.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Narrow/Weak Artificial Intelligence
- General/Strong Artificial Intelligence
Breakup by Offering:
- Hardware
- Software
- Services
Breakup by Technology:
- Machine Learning
- Natural Language Processing
- Context-Aware Computing
- Computer Vision
- Others
Breakup by System:
- Intelligence Systems
- Decision Support Processing
- Hybrid Systems
- Fuzzy Systems
Breakup by End-Use Industry:
- Healthcare
- Manufacturing
- Automotive
- Agriculture
- Retail
- Security
- Human Resources
- Marketing
- Financial Services
- Transportation and Logistics
- Others
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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