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Artificial Intelligence Toolkit Market Share

Report ID: GMI7331
Published Date: Dec 2024
Report Format: PDF

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Artificial Intelligence Toolkit Market Share

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NVIDIA, Google LLC, and Microsoft Corporation collectively held a substantial market share of over 11% in the artificial intelligence toolkit industry in 2024. NVIDIA excels in delivering advanced AI tools through its NeMo framework and TAO Toolkit, focusing on model training and fine-tuning. By partnering with companies like Google, NVIDIA integrates AI into platforms such as Google Colab, enhancing GPU-accelerated workflows. NVIDIA's enterprise solutions, including the AI Enterprise Suite and DGX Cloud platform, streamline AI deployment. With a range of innovative AI tools, NVIDIA serves industries from healthcare to robotics, ensuring scalability and efficiency.

Google leverages its TensorFlow and JAX platforms to provide versatile AI development tools. By integrating AI capabilities into Google Cloud, Google enables developers to use pre-trained models and APIs for tasks such as natural language processing and vision analytics. Collaborations with NVIDIA enhance tools like Colab, supporting GPU-powered AI workflows for rapid prototyping and scalable cloud solutions.

Microsoft emphasizes accessible AI through its Azure AI services, which include tools for natural language processing, computer vision, and custom model development. Partnerships with NVIDIA enhance RTX-powered generative AI workflows. Additionally, Microsoft integrates AI into developer tools like Visual Studio and offers pre-trained AI models, supporting enterprise-scale deployment through Azure Machine Learning.

Artificial Intelligence Toolkit Market Companies

Major players operating in the artificial intelligence toolkit industry are:

AWS (Amazon Web Services)
Google LLC
H2O.ai
IBM
Intel
Meta Platform (Facebook)
Microsoft
NVIDIA
Salesforce
Teradata

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of artificial intelligence toolkit reached USD 25.3 billion in 2024 and is set to grow at a 24.1% CAGR from 2025 to 2034, driven by the increasing demand for AI-powered applications across various sectors.

The machine learning segment held around 38% of the market share in 2024, led by its versatility and extensive application across industries such as healthcare, finance, and retail.

The North America market accounted for 40% of the revenue share in 2024 and is expected to exceed USD 70 billion by 2034, propelled by a robust technological infrastructure and significant investments in AI research.

The key players in the industry include AWS (Amazon Web Services), Google LLC, H2O.ai, IBM, Intel, Meta Platform (Facebook), Microsoft, NVIDIA, Salesforce, and Teradata.