Artificial Intelligence (AI) Platform Market Size, Share, Growth Analysis, By Component(Tools (Natural Language Processing, Machine Learning), Services (Managed Services, Professional Services)), By Application(Forecast and Prescriptive Models, Chat Bots, Speech Recognition, Text Recognition), By Deployment Mode(Cloud, On Premise), By Organization Size(Large Enterprises, SMEs ), By End User(Manufacturing, Healthcare, Banking Financial Services and Insurance, Research and Academia), By Region - Industry Forecast 2024-2031

Global Artificial Intelligence Platform Market size was valued at USD 8928.7 million in 2022 and is poised to grow from USD 11,302.1 million in 2023 to USD 78,598.5 million by 2031, growing at a CAGR of 23.9% in the forecast period (2024-2031).

The global AI platform market is experiencing a dynamic shift propelled by continuous innovation and investment from leading tech firms. For instance, Google's introduction of Gemini, a versatile AI model capable of multimodal analysis, underscores the industry's commitment to pushing technological boundaries. With variants catering to different needs, Gemini represents a significant leap forward in AI capabilities, promising to drive adoption across diverse sectors including automotive, healthcare, retail, finance, and manufacturing. Moreover, McDonald’s strategic investment in AI back in 2020 highlights the growing recognition among enterprises of AI's potential to revolutionize customer experiences. This trend extends beyond individual companies, with a notable increase in demand for AI-proficient employees observed across industries. Job seekers are increasingly emphasizing AI skills on their resumes and during interviews, reflecting the evolving job market's focus on technological expertise.  

Furthermore, the BlackBerry Cylance AI Platform's innovative approach, incorporating user context analysis to assess trust and behavior, exemplifies the expanding scope of AI applications beyond traditional device-centric frameworks. This multidimensional approach is particularly crucial in mitigating insider threats and safeguarding against compromised credentials, addressing pressing cybersecurity concerns in today's digital landscape. The market is characterized by rapid innovation, increased investment, and a growing emphasis on AI proficiency in both hiring and technology development. As businesses across sectors recognize the transformative potential of artificial intelligence, the market is poised for significant growth, driving advancements in enterprise applications, customer experiences, and cybersecurity solutions. The increasing availability of data from various sources, including medical informatics, cybersecurity, and marketing, provides fertile ground for AI algorithms to automate analysis and uncover insights. This automation, coupled with the continuous improvement of AI models, enhances the efficiency and effectiveness of data analysis, driving the adoption of AI platforms across diverse sectors.