Transforma Insights today published the report ‘Artificial Intelligence Market Forecast Report 2020-2030’ detailing the results of its recently completed forecast of the Artificial Intelligence market.
The report, based on highly granular analysis of 42 use cases in AI provided the following key findings:
Report author Matt Arnott, Principal Analyst, said of the findings: “Everyone is aware that AI is set for rapid adoption by enterprises, but it’s not always clear where and how it will be deployed. With this report and the associated ultra-granular bottom-up forecast we provide clarity on the use cases, device types sectors and geographies where AI will be deployed.”
For instance, from a geographical angle, there are three dominant regions in AI. North America accounts for 30% of the global instances, China is 27% and Europe 23%. Japan is the next biggest with 6% and the rest of the world accounts for 14%. Looked at on a country basis (below), we can also see which countries might be over-performing or under-performing in AI relative to their economic importance.
The forecast takes a unique perspective on the AI market, looking at the number instances of AI deployment, i.e. the count of independent machines (real or virtual) running machine learning algorithms of a particular type. Transforma Insights took the active decision not to forecast the dollar value of the market. There are numerous ways to value AI including the total sum of software licence fees, the value of services that have an AI component, enterprise investment in AI, or the value of cost savings. All of those elements are individually limited in terms of reflecting the value of AI, which may just be focused on maintaining market share, and collectively they represent significant double-counting.
Commenting on the results, Founding Partner Matt Hatton said: “Artificial Intelligence is a critical strand for any organisation’s technology strategy and everyone involved in the space, either as user or vendor wants to understand who is doing what and where with AI. With this report we provide a detailed analysis of the use cases and associated opportunity for enterprises to deploy AI. Understanding what is possible and what the competition is set to deploy is critical for any organisation wanting to maintain its competitive positioning.”
The full report ‘‘Artificial Intelligence Market Forecast Report 2020-2030’ comprises detailed analysis of each of the 42 use cases that comprise applied AI as it may be implemented by enterprises around the world. The use cases include Autonomous Systems, Image Processing & Analysis, Natural Language Processing, Repetitive Process Automation, Risk Analysis and System Optimisation. The report includes a section on each, explaining its dynamics and the highlights of the full highly granular Transforma Insights Artificial Intelligence forecast, which provides metrics on AI instances by host device type, use case, country and sector.
Transforma Insights is a leading research firm focused on the world of Digital Transformation (DX). Led by seasoned technology industry analysts we provide advice, recommendations and decision support tools for organisations seeking to understand how new technologies will change the markets in which they operate.