The latest report by IMARC Group, titled “India Artificial Intelligence Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The India artificial intelligence market size reached US$ 680.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,935.5 Million by 2028, exhibiting a growth rate (CAGR) of 33.28% during 2023-2028.The study provides a detailed analysis of the industry, including the India artificial intelligence market report,growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Artificial intelligence (AI) is a technological solution that mimics human intelligence through machine processes. It relies on machine learning (ML), natural language processing (NLP), speech recognition, context-aware computing, and machine vision for problem-solving, language understanding, and perception. It supports data ingestion, eliminates dull and monotonous tasks, helps predict natural disasters, and imitates human cognition, facial recognition, and chatbots. At present, it finds extensive applications in different industry verticals, such as robotics, transportation, healthcare, marketing, business, gaming, banking, and agriculture, across India.
India Artificial Intelligence Market Trends and Drivers:
Significant growth in information technology (IT) and the widespread adoption of cloud-based services for data analysis represent one of the key factors positively influencing the market in India. In line with this, rapid urbanization and the growing automation in various industries, such as agriculture, security, transportation and logistics, and marketing, are bolstering the growth of the market. Additionally, AI assists in analyzing clinical notes and providing deeper insights into patient treatments and needs in the healthcare sector. Moreover, the increasing adoption of AI-powered machines in the agriculture sector for monitoring soil and crop health, providing fertilizer recommendations, and keeping track of weather conditions is strengthening the market growth in India. Apart from this, the flourishing media and entertainment industry and the growing usage of AI for delivering personalized content and enhancing customer experience are stimulating the growth of the market in the country.
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 Region:
- North India
- West and Central India
- South India
- East India
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/india-artificial-intelligence-market/requestsample
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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