The artificial intelligence (AI) market in Europe was estimated to be worth USD 304.02 billion in 2023. From 2024 to 2030, the market is projected to develop at a compound annual growth rate (CAGR) of 36.38%, reaching over USD 2667.82 billion.

Europe Artificial Intelligence (AI) Market Overview

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Europe Artificial Intelligence (AI) Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Europe Artificial Intelligence (AI) market, with forecasts outspreading to the year 2030.

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Europe Artificial Intelligence (AI) Market Scope and Methodology:

The research provides a thorough understanding of the Europe Artificial Intelligence (AI) industry, highlights major competitors and their market positioning, and provides an overview of the competitive landscape. It also talks about recent product developments and market trends in technology. For the benefit of businesses, newcomers, and industry participants in the Europe Artificial Intelligence (AI) market, comprehensive data on revenue, sales volume, and average pricing is accessible for the whole Europe Artificial Intelligence (AI) market and its segments. The examination of the Europe Artificial Intelligence (AI) industry reveals current patterns impacting growth and prospects.

Both qualitative and quantitative research are included in the study, with an emphasis on pattern identification, data interpretation, and perceptive observations. A hierarchical method is used to analyse the strategies of leading businesses in the Europe Artificial Intelligence (AI) industry, taking into account different market segments and geographical areas. Details on import/export activities, market trends, costs, and pricing are also included in the study.

Europe Artificial Intelligence (AI) Market Regional Insights

The Europe Artificial Intelligence (AI) market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific, according to regional analysis. Several areas are home to nations such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.

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Europe Artificial Intelligence (AI) Market Segmentation

by Technology

Machine Learning
Natural Language Processing (NLP)
Computer Vision
Robotics
Others

Due to its widespread application in sectors including marketing, healthcare, and finance, machine learning dominated the European artificial intelligence (AI) market in 2023. Because of its versatility, it can be used for process optimization, tailored recommendations, and predictive analytics. The same is true with Natural Language Processing (NLP), which has seen significant uptake in sentiment analysis, translation services, and customer support, improving interactions through chatbots and language processing.

by Component

Hardware
Software
Services

by Deployment Model

On-Premises
Cloud-Based

by Application

Healthcare
Automotive
BFSI
Retail
Manufacturing
Agriculture
Others

In 2023, the healthcare sector led the European artificial intelligence (AI) market, and it is anticipated to continue to do so during the forecast period. It greatly enhances patient care and treatment results by utilizing AI in drug discovery, diagnostic imaging, and personalized medicine. AI is being rapidly incorporated into autonomous cars in the automotive industry, improving safety features and transforming transportation. AI algorithms power risk assessment, fraud detection, and customized financial services in the BFSI industry, guaranteeing safe transactions and effective operations.

by End User

Enterprises
Small and Medium-sized Enterprises (SMEs)
Government
Healthcare Providers
Others

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Europe Artificial Intelligence (AI) Market Key Players

1. DeepMind Technologies, London, United Kingdom
2. Cognizant Softvision, Bucharest, Romania
3. UiPath, Bucharest, Romania
4. BenevolentAI, London, United Kingdom
5. Darktrace, Cambridge, United Kingdom
6. Dataiku, Paris, France
7. Babylon Health, London, United Kingdom
8. Zalando, Berlin, Germany
9. Freenome, San Francisco, United States (with a strong presence in Europe)
10. Graphcore, Bristol, United Kingdom
11. ThoughtSpot, London, United Kingdom
12. Cyberdyne, Tsukuba, Japan (with a European base in the Netherlands)
13. Luminance, London, United Kingdom
14. Peak AI, Manchester, United Kingdom
15. Leverton (MRI Software), Berlin, Germany

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Table of Content: Europe Artificial Intelligence (AI) Market

Part 01: Executive Summary

Part 02: Scope of the Europe Artificial Intelligence (AI) Market Report

Part 03: Global Europe Artificial Intelligence (AI) Market Landscape

Part 04: Global Europe Artificial Intelligence (AI) Market Sizing

Part 05: Global Europe Artificial Intelligence (AI) Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Key questions answered in the Europe Artificial Intelligence (AI) Market are:

• What is Europe Artificial Intelligence (AI)?
• What was the Europe Artificial Intelligence (AI) market size in 2023?
• What is the growth rate of the Europe Artificial Intelligence (AI) Market?
• Which is the fastest-growing region in the Europe Artificial Intelligence (AI) market?
• Which are the factors expected to drive the Europe Artificial Intelligence (AI) market growth?
• What is the CAGR at which the Europe Artificial Intelligence (AI) market will grow during the forecast period?
• What growth strategies are the players considering to increase their presence in Europe Artificial Intelligence (AI)?
• What are the upcoming opportunities and trends for the Europe Artificial Intelligence (AI) Market?
• What are the different segments of the Europe Artificial Intelligence (AI) Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Europe Artificial Intelligence (AI) Market?
• What segments are covered in the Europe Artificial Intelligence (AI) Market?
• Who are the key players in the Europe Artificial Intelligence (AI) market?
• Who are the leading companies and what are their portfolios in Europe Artificial Intelligence (AI) Market? 

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis 
• PORTER’s analysis 
• Value chain and supply chain analysis 
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis 
• Recommendations 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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