Artificial Intelligence Market in Asia Pacific to Grow from $6 Billion in 2017 to $136 Billion by 2025, According to Tractica

China Will Represent 70% of the Asia Pacific AI Market, with Key
Industries for AI Adoption to Include Telecommunications, Consumer,
Public Sector, Business Services, Healthcare, and Retail

BOULDER, Colo.–(BUSINESS WIRE)–#ai–Traditionally, the Asia Pacific (APAC) region has lagged North America
and Europe in terms of technology adoption. However, according to a new
report from Tractica,
artificial intelligence (AI) is most likely the one technology area
where APAC could be the leading region globally within the next decade.
The APAC region holds 60% of the world’s population and, therefore, any
major technological shifts like those being heralded by AI are likely to
shape the future of the region.

Tractica’s analysis indicates that the AI market in the APAC region,
including software, hardware, and services, will grow from $6 billion in
2017 to $136 billion by 2025. By the end of that period, China is
projected to comprise 70% of the market, followed, by Japan, South
Korea, India, and the rest of APAC.

“Most of the impetus for AI growth in the Asia Pacific region will come
from China, as it pushes the accelerator on its plans to become a
science and technology powerhouse and recognizes the role of AI in
driving its ambitions,” says research director Aditya Kaul. “While China
is leading most of the headlines, countries like Japan, South Korea,
India, Taiwan, and Singapore have also shifted their focus toward AI,
all of them announcing national AI strategies.”

Kaul adds that within APAC, AI has a major role to play in transforming
healthcare, agriculture, and education where AI will help find better
cures for diseases, democratize access to healthcare, improve crop
yields, and help personalize education for all. AI is also likely to
boost traditional industries like telecom, retail, advertising,
automotive, business services, and the consumer market. The public
sector is also expected to be one of the biggest beneficiaries of AI in
APAC, helping cities leapfrog their Western counterparts in terms of
smart intelligent services and improved standards of living.

Tractica’s report, “Artificial
Intelligence in Asia Pacific”, provides a quantitative and
qualitative assessment of the AI market opportunity in the Asia Pacific
region. The report provides an overview of AI market activity in China,
Japan, South Korea, India, and the Rest of Asia Pacific with special
coverage of Taiwan and Singapore. The top industries for AI adoption are
identified along with profiles of the key vendors in the AI market
ecosystem in the region. Market forecasts are provided for AI software,
hardware and services, use cases, and industries for the period from
2017 through 2025. An Executive Summary of the report is available for
free download on the firm’s website.

About Tractica

Tractica, an Informa business, is a market intelligence firm that
focuses on emerging technologies. Tractica’s global market research and
consulting services combine qualitative and quantitative research
methodologies to provide a comprehensive view of the emerging market
opportunities surrounding Artificial Intelligence, Robotics, User
Interface Technologies, Advanced Computing, Connected & Autonomous
Vehicles, and Wearables & Digital Health. For more information, visit www.tractica.com
or call +1.303.248.3000.

Contacts

Tractica
Clint Wheelock, +1.303.248.3000
press@tractica.com