Artificial General Intelligence (AGI) Market Size, Share & Trends Analysis Report By Type of Offering (Hardware, Software and Service), Type of Technology (Machine Learning, Deep Learning, Natural Language Processing and Robotics), Mode of Deployment, Type of AI, Type of Processing, Company Size, Area of Application, End User, Business Model, By Region, And By Segment Forecasts, 2024-2031

Report Id: 2720 Pages: 165 Last Updated: 26 September 2024 Format: PDF / PPT / Excel / Power BI
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Segmentation of Artificial General Intelligence (AGI) Market-

Artificial General Intelligence (AGI) Market By Offering-

  • Hardware
  • Software
  • Service

AGI

Artificial General Intelligence (AGI) Market By Technology-

  • Machine Learning
  • Deep Learning
  • Natural Language Processing
  • Robotics

Artificial General Intelligence (AGI) Market By Deployment-

  • Cloud-based
  • On Premise
  • Web-based

Artificial General Intelligence (AGI) Market By Processing-

  • Image Processing
  • Text Processing
  • Voice Processing

Artificial General Intelligence (AGI) Market By Application-

  • Cybersecurity
  • Financial Trading
  • Healthcare Research
  • Manufacturing
  • Online Search
  • Personal Security
  • Predictive Analytics
  • Robot-Assisted Surgery
  • Smart Cars
  • Telehealth
  • Virtual Nursing Assistance
  • Others

Artificial General Intelligence (AGI) Market By Company Size-

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

Artificial General Intelligence (AGI) Market By End User-

  • 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
  • Others

Artificial General Intelligence (AGI) Market By Business Model-

  • B2B
  • B2C
  • B2B2C

Artificial General Intelligence (AGI) Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Artificial General Intelligence Market Snapshot

Chapter 4. Global Artificial General Intelligence Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Type of Offering Estimates & Trend Analysis
5.1. By Type of Offering & Market Share, 2023 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Type of Offering:

5.2.1. Hardware
5.2.2. Software
5.2.3. Service

Chapter 6. Market Segmentation 2: By Type of Technology Estimates & Trend Analysis
6.1. By Type of Technology & Market Share, 2023 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Type of Technology:

6.2.1. Machine Learning
6.2.2. Deep Learning
6.2.3. Natural Language Processing
6.2.4. Robotics

Chapter 7. Market Segmentation 3: By Mode of Deployment Estimates & Trend Analysis
7.1. By Mode of Deployment & Market Share, 2023 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Mode of Deployment:

7.2.1. Cloud-based
7.2.2. On Premise
7.2.3. Web-based

Chapter 8. Market Segmentation 4: by Type of AGI Estimates & Trend Analysis
8.1. by Type of AGI & Market Share, 2023 & 2031
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type of AGI:

8.2.1. Weak AI
8.2.2. Strong AI
8.2.3. Superintelligence

Chapter 9. Market Segmentation 5: by Type of Processing Estimates & Trend Analysis
9.1. by Type of Processing & Market Share, 2023 & 2031
9.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type of Processing:

9.2.1. Image Processing
9.2.2. Text Processing
9.2.3. Voice Processing

Chapter 10. Market Segmentation 6: by Area of Application Estimates & Trend Analysis
10.1. by Area of Application & Market Share, 2023 & 2031
10.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Area of Application:

10.2.1. Cybersecurity
10.2.2. Financial Trading
10.2.3. Healthcare Research
10.2.4. Manufacturing
10.2.5. Online Search
10.2.6. Personal Security
10.2.7. Predictive Analytics
10.2.8. Robot-Assisted Surgery
10.2.9. Smart Cars
10.2.10. Telehealth
10.2.11. Virtual Nursing Assistance
10.2.12. Others

Chapter 11. Market Segmentation 7: by Company Size Estimates & Trend Analysis
11.1. by Company Size & Market Share, 2023 & 2031
11.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Company Size:

11.2.1. Small and Medium-sized Enterprises (SMEs)
11.2.2. Large Enterprises

Chapter 12. Market Segmentation 8: by End User Estimates & Trend Analysis
12.1. by End User & Market Share, 2023 & 2031
12.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End User:

12.2.1. Agriculture
12.2.2. Automotive
12.2.3. Banking, Financial Services and Insurance (BFSI)
12.2.4. Educational Institutes
12.2.5. Government and Defense
12.2.6. Healthcare
12.2.7. IT and Telecom
12.2.8. Manufacturing
12.2.9. Media and Entertainment
12.2.10. Retail and eCommerce
12.2.11. Transportation and Logistics
12.2.12. Others

Chapter 13. Market Segmentation 9: by Business Model Estimates & Trend Analysis
13.1. by Business Model & Market Share, 2023 & 2031
13.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Business Model:

13.2.1. B2B
13.2.2. B2C
13.2.3. B2B2C

Chapter 14. Artificial General Intelligence Market Segmentation 10: Regional Estimates & Trend Analysis

14.1. North America
14.1.1. North America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of Offering, 2024-2031
14.1.2. North America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of AGI, 2024-2031
14.1.3. North America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of Technology, 2024-2031
14.1.4. North America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Mode of Deployment, 2024-2031
14.1.5. North America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of Processing, 2024-2031
14.1.6. North America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Area of Application, 2024-2031
14.1.7. North America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Company Size, 2024-2031
14.1.8. North America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
14.1.9. North America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Business Model, 2024-2031
14.1.10. North America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031.

14.2. Europe
14.2.1. Europe Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of Offering, 2024-2031
14.2.2. Europe Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of AGI, 2024-2031
14.2.3. Europe Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of Technology, 2024-2031
14.2.4. Europe Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Mode of Deployment, 2024-2031
14.2.5. Europe Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of Processing, 2024-2031
14.2.6. Europe Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Area of Application, 2024-2031
14.2.7. Europe Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Company Size, 2024-2031
14.2.8. Europe Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
14.2.9. Europe Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Business Model, 2024-2031
14.2.10. Europe Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031.

14.3. Asia Pacific
14.3.1. Asia Pacific Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of Offering, 2024-2031
14.3.2. Asia Pacific Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of AGI, 2024-2031
14.3.3. Asia Pacific Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of Technology, 2024-2031
14.3.4. Asia Pacific Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Mode of Deployment, 2024-2031
14.3.5. Asia Pacific Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of Processing, 2024-2031
14.3.6. Asia Pacific Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Area of Application, 2024-2031
14.3.7. Asia Pacific Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Company Size, 2024-2031
14.3.8. Asia Pacific Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
14.3.9. Asia Pacific Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Business Model, 2024-2031
14.3.10. Asia Pacific Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031.

14.4. Latin America
14.4.1. Latin America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of Offering, 2024-2031
14.4.2. Latin America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of AGI, 2024-2031
14.4.3. Latin America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of Technology, 2024-2031
14.4.4. Latin America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Mode of Deployment, 2024-2031
14.4.5. Latin America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of Processing, 2024-2031
14.4.6. Latin America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Area of Application, 2024-2031
14.4.7. Latin America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Company Size, 2024-2031
14.4.8. Latin America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
14.4.9. Latin America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Business Model, 2024-2031
14.4.10. Latin America Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031.

14.5. Middle East & Africa
14.5.1. Middle East & Africa Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of Offering, 2024-2031
14.5.2. Middle East & Africa Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of AGI, 2024-2031
14.5.3. Middle East & Africa Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of Technology, 2024-2031
14.5.4. Middle East & Africa Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Mode of Deployment, 2024-2031
14.5.5. Middle East & Africa Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Type of Processing, 2024-2031
14.5.6. Middle East & Africa Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Area of Application, 2024-2031
14.5.7. Middle East & Africa Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Company Size, 2024-2031
14.5.8. Middle East & Africa Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
14.5.9. Middle East & Africa Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by Business Model, 2024-2031
14.5.10. Middle East & Africa Artificial General Intelligence Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031.

Chapter 15. Competitive Landscape
15.1. Major Mergers and Acquisitions/Strategic Alliances
15.2. Company Profiles

1. AIBrain, Inc.
2. Albert Technologies Ltd.
3. Alibaba Group Holding Limited
4. Amazon.com, Inc.
5. Anki, Inc.
6. Apple Inc.
7. Astute, Inc.
8. Baidu, Inc.
9. Brainasoft, Inc.
10. Brighterion, Inc.
11. Cambricon Technologies Corporation Limited
12. Google LLC
13. H2O.ai, Inc.
14. Huawei Technologies Co., Ltd.
15. International Business Machines Corporation
16. IDEAL.com Inc.
17. iFlyTek Co., Ltd.
18. Intel Corporation
19. IPsoft Inc.
20. Megvii Technology Limited
21. Meta Platforms, Inc.
22. Microsoft Corporation
23. LogMeIn, Inc.
24. Salesforce, Inc.
25. SAP SE
26. SenseTime Group Limited
27. Sogou Inc.
28. SoundHound AI, Inc.
29. Tencent Holdings Ltd.
30. Thunder Software Technology Co., Ltd.
31. Wipro Limited
32. Yseop S.A.
33. Zebra Medical Vision Ltd.

Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

The Artificial General Intelligence (AGI) Market Size is valued at USD 3.2 billion in 2023 and is predicted to reach USD 26.9 billion by the year 2031

The Artificial General Intelligence (AGI) Market is expected to grow at a 31.3% CAGR during the forecast period for 2024-2031.

Ada Support, AIBrain, Albert Technologies, Alibaba, Amazon, Anki, Apple, Astute Solutions, Baidu, Brainasoft, Brighterion, Cambricon, Google, H2O.ai,

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