The Europe Artificial Intelligence (AI) market is experiencing rapid growth, driven by increasing adoption across various industries, including healthcare, automotive, finance, and manufacturing. The market was valued at $66.4 billion in 2024 and is projected to reach $370.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 33.2%.
The software segment dominates the market, accounting for a significant share of the revenue. Deep learning and machine learning are key technologies driving market growth, with applications in healthcare, automotive, and manufacturing. Healthcare and financial services are significant adopters of AI, with applications in disease diagnosis, drug development, fraud detection, and risk assessment.
Germany dominates the market, driven by its strong industrial base and government support for AI research and development. France is expected to experience rapid growth, driven by government initiatives and investments in AI research and innovation. The market is expected to be shaped by prominent companies, including Microsoft Corporation, Google Inc., and several European AI startups .
