The Asia Pacific artificial intelligence market size reached US$ 27.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 163.8 Billion by 2032, exhibiting a growth rate (CAGR) of 21.1% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 27.8 Billion |
Market Forecast in 2032
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US$ 163.8 Billion |
Market Growth Rate (2024-2032) | 21.1% |
Artificial intelligence (AI) focuses on simulating human intelligence for building smart machines capable of performing tasks that require human intelligence. It has the potential of planning, learning, recognizing human-like speech and solving problems based on past experiences. It includes hardware components such as chipsets with high computing capabilities. On the other hand, the software components of AI include core technologies like deep learning, machine learning (ML), natural language processing (NLP), and augmented and virtual reality (AR/VR).
Rising digitalization in healthcare, telecommunication, automotive, and banking, financial services and insurance (BFSI) sectors is positively influencing the utilization of AI-integrated systems in the Asia Pacific region. Moreover, AI programs are employed for analyzing large amounts of data and obtaining insights for increasing operational efficiency and improving the consumer experience. Apart from this, escalating demand for intelligent virtual assistants and the expanding 5G infrastructure are bolstering the market growth in the region. Other factors strengthening the market growth include the sudden outbreak of coronavirus disease (COVID-19), which has propelled pharmaceutical vendors to invest in the research and development (R&D) of AI.
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific artificial intelligence market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on type, offering, technology, system and end-use industry.
Breakup by Type:
Breakup by Offering:
Breakup by Technology:
Breakup by System:
Breakup by End-Use Industry:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Segment Coverage | Type, Offering, Technology, System, End-Use Industry, Country |
Countries Covered | China, Japan, India, South Korea, Australia, Indonesia, Others |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
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) |