Artificial Intelligence or AI is a field of Data Science that trains computers to learn from experience, adjust to inputs, and perform tasks of certain cognitive levels. Over the last few years, AI has emerged as a significant data science function and, by utilizing advanced algorithms and computing power, AI is transforming the functional, operational, and strategic landscape of various business domains.
AI algorithms are designed to make decisions, often using real-time data. Using sensors, digital data, and even remote inputs, AI algorithms combine information from a variety of different sources, analyze the data instantly, and act on the insights derived from the data.
Most AI technologies – from advanced recommendation engines to self-driving cars – rely on diverse deep learning models. By utilizing these complex models, AI professionals are able to train computers to accomplish specific tasks by recognizing patterns in the data.
Analytics India Magazine (AIM), in association with Jigsaw Academy, has developed this study on the Artificial Intelligence market to understand the developments of the AI market in India, covering the market in terms of Industry and Company Type. Moreover, the study delves into the market size of the different categories of AI and Analytics startups / boutique firms.
As a part of the broad Data Science domain, the Artificial Intelligence technology function has so far been classified as an emerging technology segment. Moreover, the AI market in India has, till now, been dominated by the MNC Technology and the GIC or Captive firms. Domestic firms, Indian startups, and even International Technology startups across various sectors have, so far, not made a significant investment, in terms of operations and scale, in the Indian AI market. Additionally, IT services and Boutique AI & Analytics firms had not, till a couple of years ago, developed full-fledged AI offerings in India for their clients.
The AI market has, however, started to transform. As revealed in the Computer Vision Market study and the AI and Analytics start-up investment study, the Data Science space in India, specifically the AI function, is evolving into an innovative enterprise segment. MNC Technology, Domestic, Advanced Engineering, Healthcare, and Semi-conductor firms, to name a few,are now developing advanced Artificial Intelligence capabilities in India and providing top-notch AI services to firms across various industries and geographies.
AIMResearch has developed this study to research the development and scope of the AI market in India.
The AI market has been analyzed on the basis of various segments, including the sector the enterprises fall under and the type of companies.
Table of Content
- Executive Summary
- Benefits and Key Takeaways
- Overview of the Artificial Intelligence Market in India
- Artificial Intelligence Market Size by Company Type
- Artificial Intelligence Market Size by Sector / Industry
- Domestic Boutique Start-ups Artificial Intelligence Market Break-up
- Salaries of Artificial Intelligence Personnel
- Experience-wise Classification of Artificial Intelligence Personnel
- Artificial Intelligence Jobs Study
- Covid Pandemic Effect: AI Market Before and After
- Artificial Intelligence Market Forecast