Consumer AI Market Overview
The global Consumer AI market is projected to rise at a considerable rate in forthcoming years. There has been constant development in infrastructure and technological upgradation and it is expected that there will be increase in the adoption of AI in the next few years. Furthermore, applications in several industries with improving efficiency and capacity of work with reduced errors are anticipated to boost the growth of the Consumer AI market in the forecast period. Other drivers driving the consumer AI market include the widespread adoption of smart devices, the rising need for automation, and an increase in digitalization. Furthermore, the industry is predicted to grow because of an increase in bug data, enhanced algorithms, and the rapid processing of massive amounts of data.
On the other hand, lack of technical expertise coupled with the high cost of AI technology and smart devices with AI are anticipated to hinder the growth of the Consumer AI market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Component, Technology, End-User, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Alphabet, Baidu, Facebook, Amazon, Indico, NVIDIA, Clarifai, Microsoft, Nuance Communications, Tencent, Apple, Uber, Artificial Solutions, IBM, Declara, Sentient Technologies, Digital Genius, Sensory Inc., Intel, and Tesla. |
Covid-19 Impact on Consumer AI Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Consumer AI Market Segment Overview
By End-User, Retail is one of the major segments in the global Consumer AI market. Consumer and Retail organizations mainly use AI to perform separate internal processes that rely on existing rich-data sets, such as demand forecasting and customer intelligence. Furthermore, companies expect to integrate intelligent automation into more sophisticated processes that involve bigger sets of data, external collaboration, and extra system integrations within the next few years.
Consumer AI Market, By Component
· Hardware
· Software
· Services
Consumer AI Market, By Technology
· Atrial Fibrillation
· Machine Learning
· Deep Learning
· Natural Language Processing
· Computer vision
· Machine Reasoning
· Strong AI
Consumer AI Market, By End User
· Healthcare
· Manufacturing
· Automotive
· Agriculture
· Retail
· Security
· Human Resource
· Marketing
· Law
· Fintech
Consumer AI Regional Overview
Region-wise, North America is estimated to hold the largest share in the global Consumer AI market. This is due to the increase in the adoption of AI technology coupled with technological development and advancement of infrastructure in this region. In addition, the surge in the use of smart devices with growing capability and productivity and wide applications across several industries is further projected to boost the growth of the consumer AI market in this region over the forecast period. Similarly, the Asia Pacific region is expected to have a major share of the Consumer AI market. Factors such as technological growth and the rise in adoption of AI technology in the various sectors are majorly contributing towards the growth of the market in this region.
Consumer AI Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Consumer AI Market, Key Players
· Alphabet
· Baidu
· Facebook
· Amazon
· Indico
· NVIDIA
· Clarifai
· Microsoft
· Nuance Communications
· Tencent
· Apple
· Uber
· Artificial Solutions
· IBM
· Declara
· Sentient Technologies
· DigitalGenius
· Sensory Inc.
· Intel
· Tesla
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Consumer AI market?
Applications in several industries with improving efficiency and capacity of work with reduced errors, the widespread adoption of smart devices, the rising need for automation, and an increase in digitalization are boosting the growth of the Consumer AI market
Q2. What are the restraining factors for the Consumer AI market?
lack of technical expertise coupled with the high cost of AI technology and smart devices with AI are anticipated to hinder the growth of the Consumer AI market.
Q3. Which Segments are covered in the Consumer AI market report?
Component, Technology, End-User, and Region, these segments are covered in the Consumer AI market report.
Q4. Which segment is projected to hold the largest share in the Consumer AI Market. ?
The Retail segment is projected to hold the largest share in the Consumer AI Market.
Q5. Which are the prominent players in the Consumer AI Market?
Alphabet, Baidu, Facebook, Amazon, Indico, NVIDIA, Clarifai, Microsoft, Nuance Communications, Tencent, Apple, Uber, Artificial Solutions, IBM, Declara, Sentient Technologies, Digital Genius, Sensory Inc., Intel, and Tesla. are some key players in the Consumer AI Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Consumer AI Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Component
- 5.2.1. Hardware
- 5.2.2. Software
- 5.2.3. Services
- 5.3. Market Analysis, Insights and Forecast – By Technology
- 5.3.1. Atrial Fibrillation
- 5.3.2. Machine Learning
- 5.3.3. Deep Learning
- 5.3.4. Natural Language Processing
- 5.3.5. Computer vision
- 5.3.6. Machine Reasoning
- 5.3.7. Strong AI
- 5.4. Market Analysis, Insights and Forecast – By End User
- 5.4.1. Healthcare
- 5.4.2. Manufacturing
- 5.4.3. Automotive
- 5.4.4. Agriculture
- 5.4.5. Retail
- 5.4.6. Security
- 5.4.7. Human Resource
- 5.4.8. Marketing
- 5.4.9. Law
- 5.4.10. Fintech
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Consumer AI Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Component
- 6.2.1. Hardware
- 6.2.2. Software
- 6.2.3. Services
- 6.3. Market Analysis, Insights and Forecast – By Technology
- 6.3.1. Atrial Fibrillation
- 6.3.2. Machine Learning
- 6.3.3. Deep Learning
- 6.3.4. Natural Language Processing
- 6.3.5. Computer vision
- 6.3.6. Machine Reasoning
- 6.3.7. Strong AI
- 6.4. Market Analysis, Insights and Forecast – By End User
- 6.4.1. Healthcare
- 6.4.2. Manufacturing
- 6.4.3. Automotive
- 6.4.4. Agriculture
- 6.4.5. Retail
- 6.4.6. Security
- 6.4.7. Human Resource
- 6.4.8. Marketing
- 6.4.9. Law
- 6.4.10. Fintech
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Consumer AI Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Component
- 7.2.1. Hardware
- 7.2.2. Software
- 7.2.3. Services
- 7.3. Market Analysis, Insights and Forecast – By Technology
- 7.3.1. Atrial Fibrillation
- 7.3.2. Machine Learning
- 7.3.3. Deep Learning
- 7.3.4. Natural Language Processing
- 7.3.5. Computer vision
- 7.3.6. Machine Reasoning
- 7.3.7. Strong AI
- 7.4. Market Analysis, Insights and Forecast – By End User
- 7.4.1. Healthcare
- 7.4.2. Manufacturing
- 7.4.3. Automotive
- 7.4.4. Agriculture
- 7.4.5. Retail
- 7.4.6. Security
- 7.4.7. Human Resource
- 7.4.8. Marketing
- 7.4.9. Law
- 7.4.10. Fintech
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Consumer AI Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Component
- 8.2.1. Hardware
- 8.2.2. Software
- 8.2.3. Services
- 8.3. Market Analysis, Insights and Forecast – By Technology
- 8.3.1. Atrial Fibrillation
- 8.3.2. Machine Learning
- 8.3.3. Deep Learning
- 8.3.4. Natural Language Processing
- 8.3.5. Computer vision
- 8.3.6. Machine Reasoning
- 8.3.7. Strong AI
- 8.4. Market Analysis, Insights and Forecast – By End User
- 8.4.1. Healthcare
- 8.4.2. Manufacturing
- 8.4.3. Automotive
- 8.4.4. Agriculture
- 8.4.5. Retail
- 8.4.6. Security
- 8.4.7. Human Resource
- 8.4.8. Marketing
- 8.4.9. Law
- 8.4.10. Fintech
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Consumer AI Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Component
- 9.2.1. Hardware
- 9.2.2. Software
- 9.2.3. Services
- 9.3. Market Analysis, Insights and Forecast – By Technology
- 9.3.1. Atrial Fibrillation
- 9.3.2. Machine Learning
- 9.3.3. Deep Learning
- 9.3.4. Natural Language Processing
- 9.3.5. Computer vision
- 9.3.6. Machine Reasoning
- 9.3.7. Strong AI
- 9.4. Market Analysis, Insights and Forecast – By End User
- 9.4.1. Healthcare
- 9.4.2. Manufacturing
- 9.4.3. Automotive
- 9.4.4. Agriculture
- 9.4.5. Retail
- 9.4.6. Security
- 9.4.7. Human Resource
- 9.4.8. Marketing
- 9.4.9. Law
- 9.4.10. Fintech
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Alphabet
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Baidu
- 10.6. Facebook
- 10.7. Amazon
- 10.8. Indico
- 10.9. NVIDIA
- 10.10. Clarifai
- 10.11. Microsoft
- 10.12. Nuance Communications
- 10.13. Tencent
- 10.14. Apple
- 10.15. Uber
- 10.16. Artificial Solutions
- 10.17. IBM
- 10.18. Declara
- 10.19. Sentient Technologies
- 10.20. DigitalGenius
- 10.21. Sensory Inc.
- 10.22. Intel
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
