Artificial Intelligence Engineering Market: Regional Trend & Growth Forecast To 2032

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Artificial Intelligence Engineering Market
Trends, Analysis Forecast, 2032
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• Industry Insights

• As per a recent research report, Global
  Artificial Intelligence Engineering Market share
  is likely to surpass USD 180 billion valuation by
  2032.
• Artificial Intelligence (AI) Engineering Market
  is slated to depict considerable growth through
  2032 owing to surging adoption of smart devices
  in varied end-use industries. In addition,
  government emphasis on improving IT
  infrastructure, along with rigorous RD
  initiatives towards AI integrated solutions, is
  likely to propel market growth over the forecast
  period.
• The COVID-19 pandemic had a positive impact on
  the market dynamics as the penetration of smart
  devices such as smart home technologies increased
  drastically. Mounting integration of AI voice
  control features into smart home units, such as
  Alexa, Siri, and Google Assistant is aiding
  product penetration.
• Moreover, the major players in the industry have
  been focusing on eliminating loopholes in AI
  technology and adopting collaborative partnership
  deals to strengthen their market position. For
  instance, in June 2021, Salesforce.com Inc., a
  software firm, announced an expansive partnership
  with Amazon Web Services (AWS) to develop and
  launch new intelligent applications.

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• Based on solutions, the artificial intelligence
  (AI) engineering industry has been segregated
  into hardware, software, and services. The
  services segment is expected to depict
  considerable demand through 2032 due to a
  positive outlook toward AI services among
  corporate companies to minimize operation costs
  and avoid regular maintenance.
• With respect to technology, the AI engineering
  market has been classified into deep learning,
  machine learning, natural language processing
  (NLP), and computer vision. The computer vision
  segment held over 10 market share in 2022 on
  account of continuous efforts by market players
  to capitalize on the emerging automation trend.
  In September 2022, AWS collaborated with SK
  Telecom to develop computer vision AI services
  that aid customers in building and using computer
  vision applications.

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• Regional Analysis

In the regional context, the Latin America AI
engineering market is primed to expand at over
33 CAGR over 2023-2032. The booming spread of
automation and digitization in public and private
sectors is augmenting LATAM market growth. For
instance, in May 2022, the Brazilian government
used AI to seek investments in science and
technology projects. On the other hand, the
Middle East Africa industry is poised to
witness growth at more than 34 CAGR from 2023 to
2032 backed by growing investment in RD
programs, coupled with government support for the
AI industry. Citing an instance, in March 2022,
OurCrowd, an Israel-based venture firm, opened an
AI-based RD centre in Abu Dhabi.

• Competitive Analysis

• Salesforce.com Inc., Alphabet Inc., IBM Corp.,
  Intel Corp., Baidu Inc., Oracle Corp., Meta
  Platforms Inc., Siemens AG, Cisco Systems, Inc.,
  and Nvidia Corp

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