ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET FORECAST 2019-2027

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ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET FORECAST 2019-2027

Asia Pacific’s market for Artificial Intelligence is expected to be rising at a CAGR of 41.60% over the forecast period of 2019-2027. The market is mainly driven by technological advancements in countries like China, India, Japan, Australia, South Korea and the Rest of Asia-Pacific.

ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET FORECAST 2019-2027

Asia Pacific Artificial Intelligence Market by Offerings (Hardware, Software, Services) by System (Intelligence Systems, Decision Support Processing, Hybrid Systems, Fuzzy Systems) by Technology (Machine Learning, Robotics, Image Processing, Speech Recognition, Natural Language Processing, Cognitive Computing (Other Technology)) by Verticals (Technology & Telecommunications, Banking, Financial Service & Insurance, Retail, Media & Entertainment, Automotive & Transportation, Agriculture, Resources & Utilities, Manufacturing, Healthcare, Education, Other Verticals) by Geography.

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Asia Pacific’s market for Artificial Intelligence is expected to be rising at a CAGR of 41.60% over the forecast period of 2019-2027. The market is mainly driven by technological advancements in countries like China, India, Japan, Australia, South Korea and the Rest of Asia-Pacific.

The Asia-Pacific market has been on an upswing since the past few years owing to the increased adoption of artificial intelligence by both private and public sectors. Along with these investments, the emergence of several starts up that are making advancements in the field of Artificial Intelligence are contributing to the market growth. China has made considerable progress in the field of Artificial Intelligence. The AI technology is widely being incorporated in many Chinese e-commerce organizations. As of 2016, the country has also applied for a significant number of patents related to artificial intelligence technology. Rising automation & AI implementation throughout the Asia-Pacific is expected to present significant opportunities for the expansion of the market over the projected years.

Some of the well-known companies in this market are Sizmek Inc., NVIDIA Corporation, Intel Corporation, Microsoft Corporation, Shell Oil Company, International Business Machines Corporation (IBM) Corporation, Apple Inc., GE Healthcare, Qlik Technologies, Uber Technologies Inc., Google Inc., Microstrategy Inc., Ipsoft Incorporated, [24]7.AI, Inc., and Next IT Corporation (Acquired By Verint).

 

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  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY & FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • ASIA PACIFIC IS THE FASTEST EVOLVING REGIONAL MARKET
      • GROWING NUMBER OF START UPS IN AI MARKET
      • MACHINE LEARNING IS DOMINANT TECHNOLOGY
      • AUTOMOTIVE & TRANSPORTATION – KEY OPPORTUNISTIC VERTICAL
  1. MARKET DYNAMICS
    • MARKET DEFINITION & SCOPE
    • MARKET DRIVERS
      • RISING FUNDING & INVESTMENT IN AI TECHNOLOGY
      • INCREASED ADOPTION OF AI FOR IMPROVING CUSTOMER SERVICE EXPERIENCE
      • INTEGRATION OF BIG DATA WITH ARTIFICIAL INTELLIGENCE & MACHINE LEARNING
      • AI DRIVEN IMPROVEMENTS IS THE NEW TREND OF ENHANCING PRODUCTIVITY
    • MARKET RESTRAINTS
      • LOW RETURN ON INVESTMENT
      • COSTS ASSOCIATED WITH AI
    • MARKET OPPORTUNITIES
      • GROWING ROBOTIZATION ACROSS NUMEROUS VERTICALS
      • INCORPORATION OF AI WITH HUMAN INTELLIGENCE
      • INCREASED USE OF AI IN RESEARCH & DEVELOPMENT
    • MARKET CHALLENGES
      • LACK OF SKILLED WORKFORCE
      • VULNERABLE TO HARDWARE & SOFTWARE FAILURES
  1. MARKET BY OFFERINGS
    • HARDWARE
    • SOFTWARE
    • SERVICES
  2. MARKET BY SYSTEM
    • INTELLIGENCE SYSTEMS
    • DECISION SUPPORT PROCESSING
    • HYBRID SYSTEMS
    • FUZZY SYSTEMS
  3. MARKET BY TECHNOLOGY
    • MACHINE LEARNING
    • ROBOTICS
    • IMAGE PROCESSING
    • SPEECH RECOGNITION
    • NATURAL LANGUAGE PROCESSING
    • COGNITIVE COMPUTING (OTHER TECHNOLOGY)
  4. MARKET BY VERTICALS
    • TECHNOLOGY & TELECOMMUNICATIONS
    • BANKING, FINANCIAL SERVICE & INSURANCE
    • RETAIL
    • MEDIA & ENTERTAINMENT
    • AUTOMOTIVE & TRANSPORTATION
    • AGRICULTURE
    • RESOURCES & UTILITIES
    • MANUFACTURING
    • HEALTHCARE
    • EDUCATION
    • OTHER VERTICALS
  5. KEY ANALYTICS
    • PORTER’S FIVE FORCE ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • KEY BUYING CRITERIA
      • APPLICATION
      • TECHNOLOGY
      • INTEGRATION WITH EXISTING INFRASTRUCTURE
    • VALUE CHAIN ANALYSIS
      • DATA WAREHOUSE
      • ARTIFICIAL INTELLIGENCE ANALYSIS
      • SOFTWARE DEVELOPMENT
  1. GEOGRAPHICAL ANALYSIS – ASIA PACIFIC
    • CHINA
    • JAPAN
    • INDIA
    • SOUTH KOREA
    • AUSTRALIA
    • REST OF ASIA PACIFIC
  2. COMPETITIVE LANDSCAPE
    • MARKET SHARE ANALYSIS
    • KEY COMPANY ANALYSIS
    • CORPORATE STRATEGIES
      • PRODUCT LAUNCH
      • PARTNERSHIP & COLLABORATION
      • MERGER & ACQUISITION
      • INVESTMENTS
      • BUSINESS EXPANSION
      • JOINT VENTURES
    • COMPANY PROFILES
      • [24]7.AI, INC.
      • APPLE INC.
      • GE HEALTHCARE
      • GOOGLE INC.
      • INTEL CORPORATION
      • INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM) CORPORATION
      • IPSOFT INCORPORATED
      • MICROSOFT CORPORATION
      • MICROSTRATEGY INC.
      • NEXT IT CORPORATION (ACQUIRED BY VERINT)
      • NVIDIA CORPORATION
      • QLIK TECHNOLOGIES
      • SHELL OIL COMPANY
      • SIZMEK INC.
      • UBER TECHNOLOGIES INC.

 

LIST OF TABLES

TABLE 1: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2: STARTUPS IN ARTIFICIAL INTELLIGENCE MARKET

TABLE 3: IMPROVED CUSTOMER EXPERIENCE DUE TO ADOPTION OF AI ACROSS DIFFERENT VERTICALS

TABLE 4: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY OFFERINGS, 2019-2027 (IN $ MILLION)

TABLE 5: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY SYSTEM, 2019-2027 (IN $ MILLION)

TABLE 6: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)

TABLE 7: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

TABLE 8: OPPORTUNITY MATRIX

TABLE 9: VENDOR LANDSCAPE

TABLE 10: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 11: LIST OF PRODUCT LAUNCH

TABLE 12: LIST OF PARTNERSHIP & COLLABORATION

TABLE 13: LIST OF MERGER & ACQUISITION

TABLE 14: LIST OF INVESTMENTS

TABLE 15: LIST OF BUSINESS EXPANSIONS

TABLE 16: LIST OF JOINT VENTURES

LIST OF FIGURES

FIGURE 1: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY VERTICALS, 2018 & 2027 (IN %)

FIGURE 2: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 3: REVENUE GENERATED BY MACHINE LEARNING TECHNOLOGY IN ARTIFICIAL INTELLIGENCE MARKET, 2018 & 2027 (IN $ MILLION)

FIGURE 4: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY HARDWARE, 2019-2027 (IN $ MILLION)

FIGURE 5: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY SOFTWARE, 2019-2027 (IN $ MILLION)

FIGURE 6: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY SERVICES, 2019-2027 (IN $ MILLION)

FIGURE 7: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY INTELLIGENCE SYSTEMS, 2019-2027 (IN $ MILLION)

FIGURE 8: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY DECISION SUPPORT PROCESSING, 2019-2027 (IN $ MILLION)

FIGURE 9: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY HYBRID SYSTEMS, 2019-2027 (IN $ MILLION)

FIGURE 10: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY FUZZY SYSTEMS, 2019-2027 (IN $ MILLION)

FIGURE 11: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY MACHINE LEARNING, 2019-2027 (IN $ MILLION)

FIGURE 12: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY ROBOTICS, 2019-2027 (IN $ MILLION)

FIGURE 13: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY IMAGE PROCESSING, 2019-2027 (IN $ MILLION)

FIGURE 14: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY SPEECH RECOGNITION, 2019-2027 (IN $ MILLION)

FIGURE 15: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY NATURAL LANGUAGE PROCESSING, 2019-2027 (IN $ MILLION)

FIGURE 16: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY COGNITIVE COMPUTING (OTHER TECHNOLOGY), 2019-2027 (IN $ MILLION)

FIGURE 17: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY & TELECOMMUNICATIONS, 2019-2027 (IN $ MILLION)

FIGURE 18: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY BANKING, FINANCIAL SERVICE & INSURANCE, 2019-2027 (IN $ MILLION)

FIGURE 19: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY RETAIL, 2019-2027 (IN $ MILLION)

FIGURE 20: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY MEDIA & ENTERTAINMENT, 2019-2027 (IN $ MILLION)

FIGURE 21: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2019-2027 (IN $ MILLION)

FIGURE 22: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY AGRICULTURE, 2019-2027 (IN $ MILLION)

FIGURE 23: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY RESOURCES & UTILITIES, 2019-2027 (IN $ MILLION)

FIGURE 24: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY MANUFACTURING, 2019-2027 (IN $ MILLION)

FIGURE 25: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)

FIGURE 26: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY EDUCATION, 2019-2027 (IN $ MILLION)

FIGURE 27: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, BY OTHER VERTICALS, 2019-2027 (IN $ MILLION)

FIGURE 28: PORTER’S FIVE FORCE ANALYSIS

FIGURE 29: KEY BUYING IMPACT ANALYSIS

FIGURE 30: VALUE CHAIN ANALYSIS

FIGURE 31: ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 32: CHINA ARTIFICIAL INTELLIGENCE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: JAPAN ARTIFICIAL INTELLIGENCE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34: INDIA ARTIFICIAL INTELLIGENCE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35: SOUTH KOREA ARTIFICIAL INTELLIGENCE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 36: AUSTRALIA ARTIFICIAL INTELLIGENCE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 37: REST OF ASIA PACIFIC ARTIFICIAL INTELLIGENCE MARKET, 2019-2027 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS – ASIA PACIFIC
    • CHINA
    • JAPAN
    • INDIA
    • SOUTH KOREA
    • AUSTRALIA
    • REST OF ASIA PACIFIC
  2. MARKET BY OFFERINGS
    • HARDWARE
    • SOFTWARE
    • SERVICES
  3. MARKET BY SYSTEM
    • INTELLIGENCE SYSTEMS
    • DECISION SUPPORT PROCESSING
    • HYBRID SYSTEMS
    • FUZZY SYSTEMS
  4. MARKET BY TECHNOLOGY
    • MACHINE LEARNING
    • ROBOTICS
    • IMAGE PROCESSING
    • SPEECH RECOGNITION
    • NATURAL LANGUAGE PROCESSING
    • COGNITIVE COMPUTING (OTHER TECHNOLOGY)
  5. MARKET BY VERTICALS
    • TECHNOLOGY & TELECOMMUNICATIONS
    • BANKING, FINANCIAL SERVICE & INSURANCE
    • RETAIL
    • MEDIA & ENTERTAINMENT
    • AUTOMOTIVE & TRANSPORTATION
    • AGRICULTURE
    • RESOURCES & UTILITIES
    • MANUFACTURING
    • HEALTHCARE
    • EDUCATION
    • OTHER VERTICALS

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