Mobile Artificial Intelligence Market Size

Statistics for the 2023 & 2024 Mobile Artificial Intelligence market size, created by Mordor Intelligence™ Industry Reports. Mobile Artificial Intelligence size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Mobile Artificial Intelligence Industry

Mobile Artificial Intelligence Market  Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 28.65 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

Mobile Artificial Intelligence Market  Major Players

*Disclaimer: Major Players sorted in no particular order


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Mobile Artificial Intelligence Market Analysis

Over the next few years, the mobile artificial intelligence market is expected to register a CAGR of 28.65%. Virtual assistants and bots will become more widespread and intelligent in the near future, freeing employees from monotonous tasks like answering simple questions or performing routine tasks. As for the assistants, Amazon already introduced Alexa Shopping and more such virtual helpers, each programmed to do a specific range of tasks to make lives easier.

  • The rise of cognitive computing and the growing number of AI applications drive the market. With technologies like AI and ML, cognitive computing systems can look at a huge amount of data, find insights, and use those insights to learn and improve. Cognitive solutions are being used by more and more industries and organizations to improve their operations, such as data volume, insight generation, action planning, and management, which increases productivity.
  • Artificial intelligence (AI) has permeated and disrupted the IT industry across various end-user industries worldwide. AI leads to remarkable breakthroughs for businesses and their customers. With the influx of technological developments such as virtual assistance, self-driving cars, chatbots, etc., AI is expected to disrupt the way mobile devices are used. A machine that operates with a degree of autonomy needs to, in some sense, be able to understand its surroundings.
  • The main things that are making the market grow are the rise of AI applications in many different end-user industries and the growing demand for cognitive computing and automation.Also, more and more people are using mobile devices in their daily lives, such as at work, in school, and for personal use. This makes it more important to automate these devices so they don't need human help.
  • With digitization, the dependence on mobile devices is increasing BYOD trends in the workplace, stimulating an increase in the use of mobile devices. Also, the increased usage of mobile devices to make important decisions due to the increased dependency on these devices is further stimulating the need for AI in these devices to make automated decisions.
  • Furthermore, the growth of connected devices due to IoT is augmenting the need for AI-assisted control of these devices. The market is also growing because more and more people want processors and chipsets in these devices that can handle AI.This is because putting AI into a mobile device is most important when it comes to integrating the technology into the chipsets.
  • The rise of COVID-19 created huge opportunities for the growth of the mobile AI market worldwide. The increasing use of AI in health care and self-diagnosis systems boosted the market's demand.

Mobile Artificial Intelligence Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)