Europe Artificial Intelligence Market to Grow at 24.3% During 2025-2033, Spurred by Rapid Digitization Across Multiple Sectors

February 13, 2025 | Technology & Media

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According to the latest report by IMARC Group, titled "Europe Artificial Intelligence Market Report by Type (Narrow/Weak Artificial Intelligence, General/Strong Artificial Intelligence), Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, and Others), System (Intelligence Systems, Decision Support Processing, Hybrid Systems, Fuzzy Systems), End-Use Industry (Healthcare, Manufacturing, Automotive, Agriculture, Retail, Security, Human Resources, Marketing, Financial Services, Transportation and Logistics, and Others), and Country 2025-2033," the Europe artificial intelligence market size reached USD 28.6 Billion in 2024. Artificial intelligence (AI) is the ability of a computer program or machine to simulate human intelligence for mimicking their thoughts and actions. Some of the key characteristics of AI include learning, reasoning, perception, problem-solving and language understanding. With the aid of these features, AI-integrated machines can execute large volumes of tasks. They are also used to process vast amounts of data, automate repetitive tasks and achieve accurate results through deep neural networks. Consequently, multiple devices and equipment are being integrated with AI to minimize human errors, thereby improving speed, precision, and accuracy.

Europe Artificial Intelligence Market Trends:

The market in Europe is primarily driven by considerable growth in the information technology (IT) sector. This is supported by the widespread adoption of digitization across numerous sectors that utilize AI-integrated systems for streamlining their work process and improving operational efficiencies. Along with this, there has been a rising demand for reliable cloud computing infrastructures across the region. Cloud computing solutions are now employing AI tools to process accurate real-time data and improve the overall productivity, which, in turn, is providing a thrust to the market growth. The market is further driven by the utilization of AI-based algorithms and tools by numerous online platforms. This enables them to analyze large amounts of data for extracting specific insights that are further used to enhance customer engagement. Some of the other factors contributing to the market growth include the rising demand for intelligent virtual assistants, rapid expansion of 5G infrastructure, and the advent of AI-powered industrial and surgical robots. Looking forward, the market value is projected to reach USD 202.0 Billion by 2033, expanding at a CAGR of 24.3% during 2025-2033.

Market Summary:

On the basis of the type, the market has been bifurcated into narrow/weak and general/strong artificial intelligence.
Based on the offering, the market has been divided into hardware, software and services.
On the basis of the technology, the market has been classified into machine learning, natural language processing, context-aware computing, computer vision and others.
Based on the system, the market has been categorized into intelligence systems, decision support processing, hybrid systems and fuzzy systems.
On the basis of the end use industry, the market has been segmented into healthcare, manufacturing, automotive, agriculture, retail, security, human resources, marketing, financial services, transportation and logistics, and others.
On the geographical front, the market has been segregated Germany, France, the United Kingdom, Italy, Spain and others.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Type, Offering, Technology, System, End-Use Industry, Country
Countries Covered	Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Europe Artificial Intelligence Market to Grow at 24.3% During 2025-2033, Spurred by Rapid Digitization Across Multiple Sectors

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