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According to the latest report by IMARC Group, titled “Europe Artificial Intelligence Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the europe artificial intelligence market expected to continue its robust growth during the forecast period (2021-2026).

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.

Artificial intelligence (AI) refers to a segment of computer science that aims to imitate human intelligence to perform various activities in real-time. It is widely used for multiple purposes, such as visual perception, voice recognition, decision-making, handwriting recognition, language translation, etc. Artificial intelligence has numerous benefits, including better adaptability, higher time-efficiency, enhanced accuracy, improved productivity, etc. Owing to these benefits, it is used across various sectors, such as automobile, healthcare, trade, construction, defense, transportation, banking, etc.

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Market Trends:

The rising internet connectivity and increasing penetration of smart devices are primarily driving the Europe artificial intelligence market. Furthermore, the European Commission is heavily investing in numerous innovation programs for supporting the development of AI applications. Additionally, the continuous government support towards the expansion of the 5G network is further propelling the demand for AI.  Besides this, the growing deployment of AI-based algorithms across e-commerce platforms for gathering specific insights is also providing a thrust to the market. Moreover, the rising integration of image recognition technology with optical character identification is expected to further bolster the demand for AI in drones, robots, and self-driving cars, over the forecasted period.

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 Country:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain

Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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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