Western Europe Artificial Intelligence Market Size | 2019-2032

Western Europe Artificial Intelligence Market Size and Forecast by Type, Deployment Model, Industry, Organization Size, and Country: 2019-2032

Report Format:     | Pages: 160+
Type: Niche Industry Monitor | ID: AI42672  | Publication: July 2024  |  US$745  |  

Western Europe Artificial Intelligence Market Growth and Performance

Western Europe Artificial Intelligence Market


  • In 2023, the Western Europe artificial intelligence market was valued at US$ 37.87 Billion, reflecting a year-on-year growth rate of 50.5%.
  • By the end of 2032, the Western Europe artificial intelligence market size is forecast to reach US$ 440.31 Billion, registering a CAGR of 31.7% during the forecast period.
  • In 2032, the generative ai segment is projected to experience a significant upsurge in market revenue, reaching US$ 151.30 Billion. This segment is likely to be the largest segment, with 31.3% market share.
  • In terms of spending on associated solutions and services, IT and telecom sector dominated the artificial intelligence market in Western Europe in 2023.

Western Europe Artificial Intelligence Market Scope

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032

 

Research Scope

Type

AI Robotics

Autonomous & Sensor Technology

AI Computer Vision

Generative AI

Machine Learning

Natural Language Processing

Deployment Model

On-premise

Cloud-based

Hybrid

Industry

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other

Organization Size

Large Enterprises

Mid Enterprises

Small Enterprises

 

Western Europe Artificial Intelligence Industry: Regional Coverage

 

Countries

Western Europe

UK

Germany

France

Italy

Spain

Benelux

Nordics

Rest of Western Europe

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