Europe Artificial Intelligence Market Size, Forecast, Trends, and Competitive Landscape Report 2024-2028

Europe Artificial Intelligence Market Overview 2024-2028

The Europe artificial intelligence (AI) market is expected to grow significantly from 2024 to 2028. This growth can be attributed to several factors, including the increasing adoption of AI technologies in various industries, favorable government initiatives, and the rising demand for automation and efficiency. The market is projected to grow within a range of USD 63-65 billion, at a CAGR (Compound Annual Growth Rate) range of 29.5-31.5% during the forecast period.

*Exact values can be accessed upon purchasing the report

Market Segmentation

The Europe AI market is segmented according to type and component. Under types, sub-segments include machine learning, natural language processing, robotics, and computer vision. In terms of compoents, sub-segments consist of hardware, professional services, and software.

Market Dynamics

The report includes a detailed analysis of the drivers, challenges, and trends shaping the Europe AI market. A key driver is the increasing demand for AI technologies in various industries, while a challenge is the high implementation costs. A prominent trend is the increasing focus on AI ethics and transparency.

Competitive Landscape

The Europe AI market landscape is characterized by several key players, including NVIDIA Corporation, Google LLC, Microsoft Corporation, IBM Corporation, and Amazon Web Services, Inc. These companies are investing heavily in research and development, strategic partnerships, and acquisitions to maintain their market position and expand their offerings.

Market Report Highlights

For further information, Get Free Sample

The report offers a high degree of customization, allowing analysts to provide additional segment-specific or region-specific data upon request.

Table of Contents

- 1. Executive Summary
- 2. Scope of the Report
- 3. Market Landscape
- 3.1 Market Ecosystem
- 3.2 Market Characteristics
- 3.3 Market Segmentation Analysis
- 4. Market Sizing
- 4.1 Market Definition
- 4.2 Market Sizing 2023
- 4.3 Market Size and Forecast 2024-2028
- 5. Historic Market Size (2018-2022)
- 6. Impact of AI on Europe AI Market
- 7. Five Forces Analysis (Bargaining power of buyers, suppliers, threats of new entrants, rivalry)
- 8. Market Segmentation by Segment 1 - Key Product/Service Type
- 8.1 Machine Learning
- 8.2 Natural Language Processing
- 8.3 Robotics
- 8.4 Computer Vision
- 9. Market Segmentation by Segment 2 - Other Key Segment
- 9.1 Hardware
- 9.2 Professional Services
- 9.3 Software
- 10. Customer Landscape
- 11. Drivers and Challenges
- 12. Market Trends
- 13. Vendor Landscape and Vendor Analysis
- 14. Appendix (Methodology, abbreviations)