According to TechSci Research report, “India Artificial intelligence Market- By Region, Competition, Forecast, & Opportunities, 2029,” The India artificial intelligence market is poised for growth in the foreseeable future, driven by substantial investments in research and development by major IT firms, continuously advancing technological capabilities across various industries. This rapid expansion is fueled by the increasing adoption of life-saving medical innovations and the autonomous driving capabilities of new electric vehicles.
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AI applications span diverse fields, enhancing productivity through workflow management systems, predictive analytics, and transformative approaches to advertising. AI mitigates risks and swiftly detects anomalies such as spam and fraud, alerting businesses to potential threats.
Browse over xx market data Figures spread through 70 Pages and an in-depth TOC on "India Artificial Intelligence Market.”
The India artificial intelligence market is segmented into components, technologies, industries, and deployment methods. Components include hardware, software, and services, while technologies encompass machine learning, natural language processing, and others. Deployment options span cloud and on-premises solutions, catering to industries such as IT & telecom, healthcare, retail & e-commerce, logistics and transportation, manufacturing, consumer electronics, BFSI, and others.
The manufacturing sector holds a dominant position in the India artificial intelligence market, leveraging AI for optimizing production floor operations and achieving significant efficiency gains. The rise of smart manufacturing and digital factories, driven by advancements in 4IR technologies, is set to transform industrial processes. The adoption of industrial robots worldwide, projected to reach approximately 2.7 million units by 2020 according to the International Federation of Robotics (IFR), underscores the momentum towards digitization. Manufacturers are increasingly investing in AI and machine learning to lower production costs, accelerate time-to-market, and build resilient operations capable of navigating global disruptions such as pandemics.
In conclusion, the India artificial intelligence market is on an upward trajectory, driven by technological innovation and strategic investments across key sectors. As businesses harness AI's transformative potential, the landscape is set for continued evolution and expansion, paving the way for enhanced operational efficiencies and competitive advantages in the digital age.
Key market players in the India artificial intelligence market include:
- Advanced Micro Devices
- AiCure
- Arm Limited
- Atomwise, Inc.
- Ayasdi AI LLC, Baidu, Inc.
- Clarifai, Inc
- Cyrcadia Health
- Enlitic, Inc.
- Google LLC
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“The India artificial intelligence market is expected to grow during the projected period. Despite the general public's lack of familiarity with AI, factors such as the rise in healthcare facilities following the COVID-19 outbreak, rising automation, and the rapid adoption of machine learning are contributing to its rapid spread. The advancement of information and data handling power will rely increasingly more upon simulated intelligence situation arranging. AI progressions may prompt the advancement of unique situation related models that can answer outside improvements. Such factors will propel the growth of the India artificial intelligence market during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Artificial Intelligence Market – By Component (Hardware, Software, and Services), By Technology (Machine Learning, Natural Language Processing, and Others), By Deployment (Cloud, On-premises), By Industry (IT & Telecom, Healthcare, Retail & E-Commerce, Logistics and Transportation, Manufacturing, Consumer Electronics, BFSI, and Others), By Region, Competition, Opportunity, and Forecast, 2029,” has evaluated the future growth potential of the India artificial intelligence market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the India artificial intelligence market.
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