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Artificial Intelligence (AI) Toolkit Market Share

Report ID: GMI7331
Published Date: Nov 2023
Report Format: PDF

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Artificial Intelligence Toolkit Market Share

Major companies operating in the AI toolkit industry are:

Google LLC
Microsoft Corporation
Amazon.Com, Inc.
IBM Corporation
Intel Corporation
NVIDIA Corporation
Meta Platform Inc.
Thales group
HPE
SAS

Google LLC and Microsoft Corporation dominate the artificial intelligence (AI) toolkit market. Companies in the market are adopting various strategies to enhance their presence, including partnerships with tech giants, acquisitions of innovative startups, active community engagement to support developers, and the continuous development of user-friendly, feature-rich AI toolkit offerings. These approaches aim to expand market reach and meet the growing demand for AI solutions.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of artificial intelligence toolkit reached USD 17.8 billion in 2022 and may register over 24% CAGR between 2023 and 2032, due to the growing demand for AI-powered applications in healthcare, finance, e-commerce, and manufacturing.

The open-source type segment held over 60% of the market share in 2022, owing to the rising collaboration and community support to foster innovations for enabling rapid advancements and sharing of knowledge.

North America recorded over 30% of the market share in 2022, driven by the strong ecosystem of technology companies, research institutions, and startups focusing on AI development.

Some of the leading artificial intelligence toolkit companies are Google LLC, Microsoft Corporation, Amazon.Com, Inc., IBM Corporation, Intel Corporation, NVIDIA Corporation, Meta Platform Inc., Thales group, and HPE.