Artificial Intelligence - Eastern Asia

  • Eastern Asia
  • The market size in the Artificial Intelligence market is projected to reach US$47.06bn in 2024.
  • The market size is expected to show an annual growth rate (CAGR 2024-2030) of 28.57%, resulting in a market volume of US$212.60bn by 2030.
  • In global comparison, the largest market size will be in the United States (US$50.16bn in 2024).
 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Artificial Intelligence market in Eastern Asia is experiencing rapid growth, driven by increasing adoption of digital technologies, growing health awareness, and the convenience of online health services. The market's elevated growth rate is influenced by factors such as AI Robotics, Autonomous & Sensor Technology, Computer Vision, Machine Learning, Natural Language Processing, and Generative AI.

Customer preferences:
With the rapid growth of the Artificial Intelligence market in Eastern Asia, consumer preferences have shifted towards more personalized and efficient solutions. This has led to an increase in demand for AI-powered virtual assistants and chatbots for tasks such as shopping, banking, and customer service. Additionally, there is a growing interest in AI-powered smart home devices that can automate daily tasks and improve overall quality of life. This trend is driven by the region's tech-savvy population and the desire for convenience and efficiency in daily life.

Trends in the market:
In Eastern Asia, the Artificial Intelligence market is experiencing a surge in the use of AI-powered chatbots and virtual assistants in various industries such as finance, healthcare, and retail. This trend is driven by the region's growing adoption of digital technologies and increasing demand for personalized and efficient customer experiences. With advancements in Natural Language Processing and Machine Learning, these AI solutions are becoming more sophisticated and capable of handling complex tasks. This trend is expected to continue, providing opportunities for businesses to improve operational efficiency and customer engagement. However, it also raises concerns about job displacement and the need for proper regulation and ethical considerations in AI development.

Local special circumstances:
In Eastern Asia, the Artificial Intelligence market is heavily influenced by the region's strong focus on technology and innovation. With countries like China, Japan, and South Korea leading the way in AI research and development, the market is expected to see significant growth in the coming years. Additionally, the presence of major tech giants in the region, such as Alibaba, Tencent, and Baidu, has further propelled the market's growth. Furthermore, the region's regulatory environment, which is known for its emphasis on data privacy and security, has had a significant impact on shaping the AI market in Eastern Asia.

Underlying macroeconomic factors:
The growth of the Artificial Intelligence Market market in Eastern Asia is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with strong government policies and significant investments in AI are experiencing faster market growth compared to those with limited resources and regulatory challenges. Moreover, the region's economic growth and stability, as well as its large population and rising disposable income, are also contributing to the increased demand for AI solutions in various industries. The growing need for automation and efficiency in businesses and the increasing adoption of AI in healthcare, education, and other sectors are further driving the market growth in Eastern Asia.

Methodology

Data coverage: The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the funding values from different industries for the market.

Modeling approach / Market size:Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use annual financial reports, funding data, and third-party data. In addition, we use relevant key market indicators and data from country-specific associations such as GDP, number of internet users, number of secure internet servers, and internet penetration. This data helps us estimate the market size for each country individually.

Forecasts:In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are the level of digitalization, the number of secure internet servers, and the revenue of the Public Cloud market.

Additional Notes: The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russian-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the market is updated on an ad-hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is weighted for representativeness.

Overview

  • Market Size
  • Users
  • Annual AI Publications
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)