PUBLISHER: Roots Analysis | PRODUCT CODE: 1752108
PUBLISHER: Roots Analysis | PRODUCT CODE: 1752108
As per Roots Analysis, the global artificial general intelligence market size is estimated to grow from USD 3.87 billion in the current year to USD 116 billion by 2035, at a CAGR of 36.25% during the forecast period, till 2035.
The opportunity for artificial general intelligence market has been distributed across the following segments:
Type of Offering
Type of Technology
Mode of Deployment
Type of AGI
Type of Processing
Area of Application
Company Size
End User
Business Model
Geographical Regions
Artificial general intelligence (AGI) has significantly changed human life, particularly in terms of work processes, precision, and decision-making. The concept of AGI was first introduced in 2007 in a collection of essays titled Artificial General Intelligence, edited by Ben Goertzel and Cassio Pennachin, where AGI was defined.
AGI represents a system that mimics generalized human cognitive abilities using software and tools. The pinnacle of intelligence research in this area has allowed machines to address unknown challenges and devise solutions independently. The aim of AGI is to execute any tasks that humans can perform with comparable versatility and adaptability.
In recent years, artificial general intelligence has progressed and developed into a substantial market. Nonetheless, despite the inevitable improvements in AI, existing systems are mainly narrow AI, excelling in particular tasks like image recognition, language translation, and strategic game playing. This is due to their dependence on deep learning, neural networks, and other machine learning methods, which deliver high performance within confined areas. However, these systems still lack the capacity for generalization needed to attain genuine AGI. Researchers are investigating different strategies to close this gap, such as reinforcement learning, transfer learning, and neural symbolic AI, which integrate neural networks with symbolic reasoning.
However, as this groundbreaking technology progresses, it is set to transform numerous industries, including healthcare, transportation, scientific research, and more. Various sectors are capitalizing on the opportunities provided by AGI technologies, leveraging their capabilities to strengthen competitive edges. By incorporating AGI systems into their workflows, these industries often enhance their operations, boost productivity, and explore new growth opportunities.
Fueled by continued advancements in AGI technologies and rising demand for automation across different application fields, the artificial general intelligence market is projected to experience significant growth during the forecast period.
Based on type of offering, the global artificial general intelligence market is segmented into software, hardware, and services. According to our estimates, currently, software segment captures the majority share of the market. This can be attributed to the growing need for sophisticated algorithms, machine learning frameworks, and natural language processing software and tools that drive innovation in AGI systems.
Moreover, ongoing advancements in AI algorithms and a rising demand for tailored AGI software solutions designed for specific needs suggest that the software segment will also experience a higher compound annual growth rate (CAGR) during the forecast period.
Based on type of technology, the artificial general intelligence market is segmented into machine learning, deep learning, natural language processing, and robotics. According to our estimates, currently, machine learning segment captures the majority of the market. This is attributed to the increasing preference for machine learning algorithms across various sectors. These algorithms form the foundation of AGI systems, enabling them to learn and adapt from data without the need for explicit programming.
However, the deep learning segment is expected to grow at a relatively higher CAGR during the forecast period. This is largely driven by deep learning's superior capabilities in handling unstructured and intricate data, alongside its exceptional performance in areas such as natural language processing, computer vision, and generative adversarial networks (GANs).
Based on mode of deployment, the artificial general intelligence market is segmented into cloud-based, on-premise, and web-based. According to our estimates, currently, full service segment captures the majority share of the market. Further, this segment is expected to grow at a higher CAGR during the forecast period. This can be attributed to the advantages of cloud based systems, including scalability, flexibility, and cost-efficiency.
Based on type of AGI, the artificial general intelligence market is segmented into weak AI, strong AI, and superintelligence. According to our estimates, currently, weak AI or narrow AI segment captures the majority share of the market, owing its capability to execute specific tasks guided by established algorithms and rules.
In addition, strong AI remains largely a theoretical concept but is projected to experience the highest compound annual growth rate (CAGR) in the coming years. Continuous research and development aimed at creating AI systems with human-like cognitive abilities are anticipated to drive market.
Based on type of processing, the artificial general intelligence market is segmented into multiple processing systems, such as image processing, text processing, and voice processing. According to our estimates, currently, text processing captures the majority share of the market. This trend can be linked to the progress in natural language processing (NLP) and machine learning, which are essential elements of the text processing system. Additionally, the widespread adoption of AI-powered tools and applications across diverse sectors such as healthcare, banking, and manufacturing is enhancing the significance of text processing in the AGI market.
However, voice processing segment is expected to experience a higher CAGR during the forecast period. This increase is attributed to the rising popularity of voice assistants, smart speakers, and other voice-activated devices.
Based on area of application, the artificial general intelligence market is segmented into cybersecurity, financial trading, healthcare research, manufacturing, online search, personal security, predictive analytics, robot-assisted surgery, smart cars, telehealth, virtual nursing assistance and others. According to our estimates, currently, healthcare research captures the majority share of the market.
This can be attributed to the increasing integration of AGI in the healthcare sector, particularly for predictive 3D modeling, automated diagnoses, and tailored treatment plans. The role of AGI in the healthcare field to process large volumes of medical data, discover trends, and support clinical decision-making is anticipated to drive market growth during the forecast period.
However, telepathy segment is expected to experience a higher CAGR during the forecast period. This increase is attributed to the due merging of AGI with various telepathy services that facilitate remote patient monitoring, customized health recommendations, and effective triage.
Based on company size, the artificial general intelligence market is segmented into small and medium-sized enterprises (SMEs) and large enterprises. According to our estimates, currently, large enterprises segment captures the majority share of the market. This can be attributed to several factors, including their robust infrastructure and significant investments in research and development for advancing technologies. However, the small and medium enterprise (SME) segment is expected to experience a higher CAGR during the forecast period.
Based on end user, the artificial general intelligence market is segmented into agriculture, automotive, banking, financial services and insurance (BFSI), educational institutes, government and defense, healthcare, it and telecom, manufacturing, media and entertainment, retail and ecommerce, transportation and logistics and others.
According to our estimates, currently, BFSI segment captures the majority share of the market. This can be attributed to its early integration of AGI technologies aimed at improving its operations, including fraud detection, risk assessment, and tailored customer experiences. However, the healthcare segment is expected to experience a higher CAGR during the forecast period.
Based on business model, the artificial general intelligence market is segmented into B2B, B2C and B2B2C. According to our estimates, currently, B2B segment captures the majority share of the market. This can be attributed to the rising implementation of AGI technology across various industries, including manufacturing, healthcare, and finance.
Additionally, the B2C model is projected to experience significant growth at a notable CAGR during this forecast period, as AGI technologies become more consumer-friendly and users increasingly seek AGI for personalized applications, smartphone integration, and enhanced user experiences.
Based on geographical regions, the artificial general intelligence market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, North America captures the majority share of the market. This can be attributed to several factors including early embrace of cutting-edge technologies, the presence of industry leaders, their collaborations with other stakeholders, and substantial investments in research and development for innovative technologies.
However, the market in Asia is anticipated to grow at a relatively higher CAGR during the forecast period, due to the rising adoption of AI-driven technologies across various sectors.
The report on the artificial general intelligence market features insights on various sections, including:
information in the public domain