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Artificial Intelligence in Marketing Market: Increase in Demand for Virtual Assistants Is Expected to Influence the Growth of The Market

Artificial Intelligence in Marketing Market

Artificial Intellignce in Marketing Market

The Global market for Artificial Intelligence in Marketing estimated at USD 22.57 Billion in the year 2021, is projected to reach a revised size of USD 93.81 Billion by 2028, growing at a CAGR of 26.8% over the analysis period 2022-2028.

Artificial intelligence (AI) is the capacity to analyses data in a manner resembling how people learn, make decisions, and solve problems. Businesses are now seeing the value of integrating artificial intelligence into business processes. Businesses will gain from AI in several ways, including how they interact with customers, how they develop and convey their procedures, and how they analyse the sales process. Due to advancements in sophisticated algorithms, businesses can experiment with artificial intelligence technology to have high computing capabilities in the massive volume of data collected.

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Vendors of artificial intelligence are concentrating on expanding their clientele to gain a competitive edge in the market. Key actors are therefore engaging in a variety of strategic initiatives, such as mergers and acquisitions, strategic alliances, and partnerships with other large international firms. The Israeli deep learning business Habana Labs Ltd. was purchased by Intel Corporation. This acquisition is anticipated to boost Intel Corporation’s artificial intelligence portfolio and its involvement in the artificial intelligence silicon market.

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 The Major Players In The Artificial Intelligence in Marketing Market Include:

  • Intel Corporation
  • Welltok
  • Inc
  • Nvidia Corporation
  • Google Inc
  • IBM Corporation
  • Microsoft Corporation
  • Salesforce
  • Oracle
  • Next IT Corporation
  • Google Inc
  • IBM Corporation
  • Albert Technologies
  • Oculus360

Segmentation of Artificial Intelligence in Marketing Market:

By Type:

  • Software
  • Hardware
  • Services

 By Application:

  • Search Advertising
  • Social Media Advertising
  • Dynamic Pricing
  • Virtual Assistant
  • Content Curation
  • Sales & Marketing Automation
  • Other Applications

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Global Artificial Intelligence in Marketing  Market: Regions Covered

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
  • Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of South America)

The  Artificial Intelligence in Marketing  market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.

Covid-19 Impact and Recovery Analysis on Industry:

The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Artificial Intelligence in Marketing  Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.

Reasons to Purchase this Market Report:

  • Market forecast analysis through recent trends and SWOT analysis
  • Artificial Intelligence in Marketing Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
  • Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
  • Artificial Intelligence in Marketing Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
  • Competitive environment related to the Artificial Intelligence in Marketing market share for key players, along with new projects and strategies that players have adopted over the past five years

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