The global AI Market was valued at USD 95.15 Billion in 2021 and it is estimated to be valued over USD 1860.4 Billion by 2030, at a CAGR of over 41.8% during the forecast period from 2022 to 2030
Pune, May 11, 2022 (GLOBE NEWSWIRE) — Vendor Assessment
Vendor assessment involves a comprehensive analysis of how vendors are able to handle demand in Artificial Intelligence (AI) Market. The MDC MarketScape vendor assessment model is designed for providing an outlook on the competitive fitness of vendors. It helps firms in developing customer-centric pricing strategies across a wide spectrum of portfolios in a rapidly changing business environment. Firms require dynamic price-setting solutions for products & services to set up optimal pricing strategies throughout the entire product or service life cycle. We inform industry players about the need for implementing an effective pricing strategy, thereby ensuring lucrative outcomes for their products & services along with guaranteeing customer lifetime value for their products & services. Our vendor’ assessment model helps industry players in improving end-to-end capability, customer response, and customer delight.
“The global AI Market was valued at USD 95.15 Billion in 2021 and it is estimated to be valued over USD 1860.4 Billion by 2030, at a CAGR of over 41.8% during the forecast period from 2022 to 2030”.
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The research methodology in MDC marketscape vendor assessment model uses a rigorous scoring method depending on qualitative & quantitative criteria in a single graphical representation of each vendor position in a given Artificial Intelligence (AI) Market. We make use of BCG matrix as well as GE Cell matrix as well as perceptual mapping to help firms understand their position in Artificial Intelligence (AI) Market. We have also included VRIO framework so that the firms can have competitive edge over their business rivals. Apart from this, our marketscape model offers a clear framework in which product & service offerings, strategies & capabilities, and potential market success aspects of industry players can be benchmarked and analyzed comprehensively. We also provide vendors with a 360-degree assessment of their strengths & weaknesses.
Technology Assessment
Our technology assessment model offers overview, strategy, and roadmap for wide transformation of IT infrastructure & operations. We help industry players align with technological innovations with specific business goals. Our technology assessment strategy helps in improving business value & boost performance of market participants. From system replacement to IT transformation along with execution of proficient development processes, our tech experts bring comprehensive knowledge and solutions to most challenging & daunting tasks that firms face while using new technologies.
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Business Ecosystem Analysis
Our business ecosystem analysis provides solution for fragmented product or service demand & supply of firms. Additionally, it addresses issues such as lack of co-ordination among different units of company and lack of innovation. Apart from this, we try to remove constraints that restrict acceptance of sustainable business practices by firms. We provide firms with apt solutions along with scaling up their capabilities and offering them swift access to external capabilities that can incur huge costs & consume a large amount of time when developed by firms internally. We offer modularity, multilateralism, customization, and value proposition to business players. MDC provides firms with best governance model in which they can carry out key functions in their organization, outsource specific activities to suppliers, and coordinate with other independent players of industry for providing a consistent offering.
Market Dynamics
drivers: Rise in disposable income and technological breakthroughs will contribute immensely towards Artificial Intelligence (AI) Market trends. Furthermore, demand-supply dynamics will also impact growth of Artificial Intelligence (AI) Market. Favorable government policies and increase in purchasing capacity of consumers will favorably influence expansion of Artificial Intelligence (AI) Market.
restrictions: Lack of technical experts and fluctuations in raw material costs will pose a threat to growth of Artificial Intelligence (AI) Market. Additionally, outbreak of COVID pandemic leading to lockdowns has curtailed supply chain activities, thereby putting brakes on Artificial Intelligence (AI) Market.
Opportunities: High focus of industry players on forming strategic alliances along with launching of new products & technologies will generate lucrative growth avenues for Artificial Intelligence (AI) Market. Industry players are focusing on expanding their regional presence and establishing a strong position in Artificial Intelligence (AI) Market. This will result in an increase in the size of Artificial Intelligence (AI) Market over forecast timeframe.
challenges: Changes in government policies and escalating environmental concerns as well as change in government can create hurdles in growth path of Artificial Intelligence (AI) Market.
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competitive landscape
Our Artificial Intelligence (AI) Market evaluation framework focuses on five parameters including consumer, product or service, time, competition, and finance. We rigorously evaluate external factors such as consumer, time, and competition and provide data to firms as to what opportunities are there for them in this dynamically changing Artificial Intelligence (AI) Market. MDC looks into internal factors such as product or service and finance required by firm to offer product or service, thereby providing insights to firms in knowing best opportunities available for them in Artificial Intelligence (AI) Market. Our organization also provides business model canvas that will help industry players in aligning their business activities based on potential trade-offs. Moreover, we ensure that the model will help firms in delivering high value proposition to their clients.
Scope of Report
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ReportMetric |
Details |
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Historical Years |
2017-2020 |
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Base Year |
2021 |
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Forecast Period |
2022-2030 |
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Forecast Units |
Value (USD Million or USD Billion) |
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Regions Included |
North America, Asia Pacific, Europe, The Middle East & Africa, and Latin America |
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Companies included |
All Major Tier-1, Tier-2, and Tier-3 companies are covered in this Artificial Intelligence AI Market report (25 Vendor Profiles) |
Key Questions Answered in This Report:
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What is the potential of the Artificial Intelligence (AI) Market?
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What is the impact of COVID-19 on the global Artificial Intelligence (AI) Market?
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What are the top strategies that companies adopting in Artificial Intelligence (AI) Market?
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What are the challenges faced by SME’s and prominent vendors in Artificial Intelligence (AI) Market?
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Which region has the highest investments in Artificial Intelligence (AI) Market?
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What are the latest research and activities in Artificial Intelligence (AI) Market?
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Who are the prominent players in Artificial Intelligence (AI) Market?
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What is the potential of the Artificial Intelligence (AI) Market?
At MDC Research, we offer research solutions to help businesses break the barriers of doubt or uncertainties when they plan to expand their growth. Our researchers compile data and information that help chief executive officers decide which growth opportunities in a market to pursue.
MDC Research is known for conducting well-researched reports, and the expertise of our researchers contributes to the outstanding quality of our reports. MDC Research enables businesses to make impactful decisions by blending innovation and analytical thinking. Our unique blend of these two skills assures you access to the most complete and up-to-date information about your industry.
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About MDC:
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Market Data Center offers complete solutions for market research reports in miscellaneous businesses.These decisions making process depend on wider and systematic extremely important information created through extensive study as well as the most recent trends going on in the industry.The company also attempts to offer much better customer-friendly services and appropriate business information to achieve our clients’ ideas.
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