Germany Artificial Intelligence (AI) Market – Opportunities and Forecast, 2020-2027

 

The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each country participating in the study.

Competitive Rivalry of the Germany Artificial Intelligence (AI) Market:

The leading players in the Germany Artificial Intelligence (AI) market include Microsoft Corporation, Amazon Web Service, Google LLC, IBM Corporation, Apple, Inc., German Auto Labs GAL GmbH, Intel Corporation, Merantix AG, understand.ai, Celadon, Day1 Technologies, Sigma Data Systems, Inc., TrendLine Global, Intellias Ltd., ArStudioz LLP, and Eleks, among others.

Drivers of the Germany Artificial Intelligence (AI) Market:

The key drivers influencing the growth of the Artificial intelligence (AI) market in Germany include the rising adoption of cloud-based applications and services, the growing use of connected devices such as smart appliances, smartphones, and the strong demand for intelligent virtual assistants. Moreover, increasing investment in artificial intelligence by the government is also surging the AI market growth in Germany. For example, in Dec 2018, the German federal government introduced an initiative “AI made in Germany.” This initiative aimed to increase advancements in the AI sector while increasing its scope in various industries other than manufacturing. According to this initiative, the government will spend around $3.4 billion in the coming seven years.

The raising penetration of machine learning (ML) application across various industries, particularly in the manufacturing industry, and increasing necessity for analyzing and interpreting large amount of data, are also bolstering the market growth. The leading companies are focusing on enhancing their overall sales, which will encourage them to opt for AI-based solutions and tools in the coming years. Furthermore, the increasing focus on improving efficiency, saving cost and time in the manufacturing industry are also surging the demand for AI in the country. On the other hand, growing data security concerns, the unreliability of AI Algorithm, and the lack of a trained number of AI professionals are hampering the market growth.

Market Segmentation:

The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:

Breakup by Offering:

·         Hardware

·         Software

·         Service

Breakup by Technology:

·         Machine Learning

·         Natural Language Processing (NLP)

·         Deep Learning

·         Machine Vision

·         ASI & AGI

Breakup by End-User:

·         Healthcare

·         BFSI

·         Retail

·         Manufacturing

·         Automotive & Transportation

·         Agriculture

·         Media & Entertainment

·         Others

About GMI Research

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.

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