Germany Artificial Intelligence (AI) Market

Artificial Intelligence (AI) term refers to the replication of human intelligence in machines that are programmed to perform human tasks. AI aims to enhance computer functions related to human intelligence, such as reasoning, learning, and problem-solving, etc. Using various technologies like Machine Learning (ML), Natural language Processing (NLP), and Deep Learning technologies, computer or machine can be trained to extract value from processing large amounts of data and recognizing the data pattern by automating and optimizing procedures or generating actionable insights.

The major factors that are influencing the growth of the Artificial intelligence (AI) market in Germany are the increasing adoption of cloud-based applications and services, rising use connected devices such as smartphones, smart appliances, and an increase in demand for intelligent virtual assistants. Additionally, rising investment in Artificial Intelligence by the government is driving the AI market growth in Germany. For instance, in Dec 2018, the German federal government has announced an initiative “AI made in Germany”. This initiative focuses on the rapidly advancing AI sector while expanding its scope to include industries other than manufacturing. Under this initiative, the government will spend around $3.4 billion over the next seven years. Moreover, increased penetration of Machine Learning (ML) application across several industries, especially in the Manufacturing Industry and growing necessity for analysing and interpreting large amounts of data are also propelling the market growth. However, rising data security concerns, the unreliability of AI Algorithm, and the lack of a trained number of AI professionals are restraining the market growth.

Various notable players in the Germany AI market include Microsoft Corporation, Google LLC, Amazon Web Service, IBM Corporation, Apple, Inc., Intel Corporation, German Auto Labs GAL GmbH, Merantix AG, understand.ai, Sigma Data Systems, Inc., Celadon, Day1 Technologies, TrendLine Global, ArStudioz LLP, Eleks, Intellias Ltd. and among others.

The Germany Artificial Intelligence (AI) market is segmented into technology, offering, and end-user. Based on the offering, the market has been segmented into hardware, software, and services. Based on the technology, the market has been segmented into machine learning, natural language processing (NLP), machine vision, and others. Based on the end-user, the market has been segmented into healthcare, BFSI, retail, manufacturing, automotive, agriculture, media & entertainment, and others.

Key questions answered in this research report:

• •  At what pace is the Germany AI market growing? What will be a growing trend in the future?
  •  What are the key drivers and restraints in the current market? What will be the impact of drivers and constraints in the future?
  •  What are the various application areas and how they are poised to grow?

Market Segmentation

Germany Artificial Intelligence (AI) Market by Offering

• • Hardware
  • Software
  • Services

Germany Artificial Intelligence (AI) Market by Technology

• • Machine Learning
    • Deep Learning
    • Others
  • Natural Language Processing (NLP)
  • Machine Vision
  • Others

Germany Artificial Intelligence (AI) Market by End-User

• • Healthcare
  • BFSI
  • Retail
  • Manufacturing
  • Automotive & Transportation
  • Agriculture
  • Media & Entertainment
  • Others