Global Industry Analysts Predicts the World Artificial Intelligence (AI) in Marketing Market to Reach $50.1 Billion by 2026

SAN FRANCISCO, Aug. 26, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Artificial Intelligence (AI) in Marketing - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 5; Released: May 2021
Executive Pool: 133860
Companies: 368 - Players covered include Albert Technologies; Alphabet; Amazon; Appier; Baidu; Drawbridge; Facebook; GumGum; IBM; InsideSales; Intel; Mariana; Micron; Microsoft; Narrative Science; NVIDIA; Oculus360; Oracle; Persado; Salesforce; Samsung Electronics; Sentient Technologies; Twitter; Xilinx; Zensed and Others.
Coverage: All major geographies and key segments
Segments: Component (Software, Hardware, Services); Technology (Machine Learning, Context-Aware Computing, Natural Language Processing, Computer Vision); Application (Search Advertising, Social Media Advertising, Dynamic Pricing, Virtual Assistant, Content Curation, Sales & Marketing Automation, Other Applications); End-Use (Enterprise, BFSI, Retail, Consumer Goods, Media & Entertainment, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Artificial Intelligence (AI) in Marketing Market to Reach $50.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Artificial Intelligence (AI) in Marketing estimated at US$11.8 Billion in the year 2020, is projected to reach a revised size of US$50.1 Billion by 2026, growing at a CAGR of 26.9% over the analysis period. Software, one of the segments analyzed in the report, is projected to record a 25.2% CAGR and reach US$25 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hardware segment is readjusted to a revised 26.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.2 Billion in 2021, While China is Forecast to Reach $7.8 Billion by 2026
The Artificial Intelligence (AI) in Marketing market in the U.S. is estimated at US$4.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.8 Billion by the year 2026 trailing a CAGR of 26.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.8% and 23.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 18.7% CAGR.

Services Segment to Reach US$12.5 Billion by the year 2026
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 29.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$11.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.