India Artificial Intelligence Market 2021: Trends, Growth, Analysis and Forecast 2026

According to the latest report by IMARC Group, titled India Artificial Intelligence Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the india artificial intelligence market is expected to exhibit robust growth during 2021-2026.

Artificial intelligence (AI) is the potential of a machine to imitate the capabilities of the human mind. It is a segment of computer science that assists in learning, voice recognition, visual perception, decision-making, language translation, etc. Artificial intelligence comprises of various hardware components, including a graphics processing unit (GPU), application-specific integrated circuits (ASIC), central processing unit (CPU), field-programmable gate array (FPGA), etc. It offers several benefits, such as higher time efficiency, improved productivity, better adaptability, enhanced accuracy, etc. As a result, artificial intelligence is used across numerous sectors, including healthcare, construction, banking, automobile, trade, defense, transportation, etc.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The increasing digitization across various industries, such as telecommunication, automotive, banking, financial services and insurance (BFSI), healthcare, etc., is driving the India artificial intelligence market. Furthermore, the expanding Information and Technology (IT) industry and the rising use of cloud-based applications are also augmenting the product demand. Moreover, several benefits offered by AI-integrated systems, such as analyzing large amounts of data and the extraction of insights regarding overall operational efficacy, are further fueling the market growth. Besides this, the sudden outbreak of COVID-19 pandemic has led to an increasing demand for numerous automated technologies, including artificial intelligence, to enhance productivity and minimize the workforce requirement. All of the above-mentioned factors are expected to drive the market for artificial intelligence in India over the coming years.

Breakup by Type:

  • Narrow/Weak Artificial Intelligence
  • General/Strong Artificial Intelligence

Breakup by Offering:

  • Hardware
  • Software
  • Services

Breakup by Technology:

  • Machine Learning
  • Natural Language Processing
  • Context-Aware Computing
  • Computer Vision
  • Others

Breakup by System:

  • Intelligence Systems
  • Decision Support Processing
  • Hybrid Systems
  • Fuzzy Systems

Breakup by End-Use Industry:

  • Healthcare
  • Manufacturing
  • Automotive
  • Agriculture
  • Retail
  • Security
  • Human Resources
  • Marketing
  • Financial Services
  • Transportation and Logistics
  • Others

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India

Competitive Landscape:

The report has also analysed the competitive landscape of the market along with the profiles of the key players.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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