Europe AI Data Management Market Forecast to 2031
Europe AI Data Management Market Forecast to 2031 – Regional Analysis – by Offering (Solution and Service), Deployment (On-premise and Cloud), Technology [Machine Learning, Natural Language Processing (NLP), Computer Vision, and Context Awareness Computing], and Industry Vertical (BFSI, Retail & E-Commerce, IT & Telecom, Healthcare, Government, and Others)
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Description
Surge in Partnerships and Acquisitions Among Key Market Players Drive Europe AI Data Management Market
The market players are involved in partnerships and acquisitions to develop advanced software to increase their market share. The partnership and acquisition help companies exchange their expertise in AI data management and facilitate access to a diverse range of datasets. A few of such instances are mentioned below:
• In November 2023, Databricks Inc. acquired Arcion to offer native solutions. Databricks Inc. uses Arcion’s real-time data replication technologies that facilitate the ingestion and seamless replication of data from diverse databases and SaaS applications.
• In May 2023, QlikTech International AB acquired Talend to broaden its capabilities for managing, processing, analyzing, and acting upon data for modern enterprises. The collaboration between QlikTech International AB and Talend strengthens numerous areas, such as application connectivity, data transformation, API services, and quality assurance.
• In March 2023, SAP SE signed a partnership agreement with leading AI companies, including Databricks Inc., Collibra NV, DataRobot Inc., and Confluent Inc. This agreement supports SAP SE to strengthen its AI data management solutions portfolio.
• In October 2022, BPER Banca Group, the third largest banking group in Italy, signed a four-year partnership agreement with the International Business Machine Corp to support the bank in the development of digital business. BPER Banca Group utilizes International Business Machine Corp’s digital and IT products, such as cloud and AI technology, to modernize its infrastructure and appropriately manage customers’ sensitive data and information.
Moreover, a surge in partnerships and acquisitions among key market players drives the AI data management market.
Europe AI Data Management Market Overview
Europe is technologically advanced, owing to the high adoption rate of advanced technologies in Germany, the UK, France, Spain, Italy, and Russia. According to the Netherlands Ministry of Foreign Affairs, the AI technology used by various enterprises in Europe was only 8% in 2021, which has almost doubled by January 2023. In a few industries, 75% of enterprises use AI technology to manage their day-to-day transactions.
The growing adoption of advanced technologies has also encouraged market players to implement AI technology in data management solutions and services to improve customer satisfaction.
Europe AI Data Management Market Revenue and Forecast to 2030 (US$ Million)
Europe AI Data Management Market Segmentation
The Europe AI data management market is categorized into offering, deployment, technology, industry vertical, and country.
Based on offering, the Europe AI data management market is bifurcated into solution and service. The solution segment held a larger Europe AI data management market share in 2023.
In terms of deployment, the Europe AI data management market is segmented into on-premise and cloud. The cloud segment held a larger Europe AI data management market share in 2023.
By technology, the Europe AI data management market is divided into machine learning, natural language processing (NLP), computer vision, and context awareness computing. The machine learning segment held the largest Europe AI data management market share in 2023.
Based on industry vertical, the Europe AI data management market is categorized into BFSI, retail & e-commerce, IT & telecom, healthcare, government, and others. The BFSI segment held the largest Europe AI data management market share in 2023.
Based on country, the Europe AI data management market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe AI data management market share in 2023.
Microsoft Corp, Alphabet Inc, Oracle Corp, International Business Machines Corp, Salesforce Inc, SAP SE, Hewlett Packard Enterprise Co, Snowflake Inc, and Amazon com Inc. are some of the leading companies operating in the Europe AI data management market.
Summary Info
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According toThe Research Team’ research, the Europe AI data management market was valued at US$ 6,851.61 million in 2023 and is expected to reach US$ 32,339.09 million by 2031, registering a CAGR of 21.4% from 2023 to 2031. Rising adoption of personalized and adaptive systems among consumers and growing investment in AI technology are among the critical factors attributed to drive the Europe AI data management market growth.
Al-based software enables businesses to examine enormous volumes of data, supporting the development of individualized experiences based on the interests, actions, and previous exchanges of each user. The adoption of machine learning algorithms allows businesses to create adaptable systems that continuously learn from data inputs and customer feedback. With the help of these algorithms, businesses support real-time customization and improvement of experiences. The personalized and adaptive systems have enormous potential in numerous industries such as BFSI, retail & e-commerce, IT & telecom, healthcare, and government & utilities.
For instance, the retail & e-commerce industry uses Al-powered recommendation engines for analyzing customer browsing and purchase history. This helps the companies operating in this industry to provide tailored product recommendations that increase user engagement and boost their revenue. According to the World Economic Forum, AI services in the retail industry are expected to grow from US$ 5.0 billion in 2023 to US$ 31.0 billion by 2028. Al algorithms can dynamically modify information, services, or suggestions based on ongoing analysis of user interactions, ensuring relevance and enhancing user satisfaction. Businesses use AI-based personalized and adaptive systems to view customer’s sensitive information and analyze their specific demands; this feature supports them in fostering stronger customer relationships. Thus, the growing use of AI-based personalized and adaptive systems in the retail industry is expected to create lucrative opportunities for the AI data management market growth during the forecast period.
On the contrary, issues related to availability of high-quality data hurdle the growth of Europe AI data management market.
Based on offering, the Europe AI data management market is bifurcated into solution and service. The solution segment held 80.9% market share in 2023, amassing US$ 5,545.91 million. It is projected to garner US$ 26,601.26 million by 2031 to register 21.7% CAGR during 2023-2031.
In terms of deployment, the Europe AI data management market is segmented into on-premise and cloud. The cloud segment held 72.1% share of Europe AI data management market in 2023, amassing US$ 4,939.21 million. It is anticipated to garner US$ 22,765.69 million by 2031 to expand at 21.0% CAGR during 2023-2031.
By technology, the Europe AI data management market is divided into machine learning, natural language processing (NLP), computer vision, and context awareness computing. The machine learning segment held 39.0% share of Europe AI data management market in 2023, amassing US$ 2,669.16 million. It is projected to garner US$ 13,526.79 million by 2031 to expand at 22.5% CAGR from 2023 to 2031.
Based on industry vertical, the Europe AI data management market is categorized into BFSI, retail & e-commerce, IT & telecom, healthcare, government, and others. The BFSI segment held 25.9% share of Europe AI data management market in 2023, amassing US$ 1,777.53 million. It is predicted to garner US$ 9,688.18 million by 2031 to expand at 23.6% CAGR between 2023 and 2031.
Based on country, the Europe AI data management market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 24.7% share of Europe AI data management market in 2023. It was assessed at US$ 1,692.35 million in 2023 and is likely to hit US$ 8,500.15 million by 2031, registering a CAGR of 22.4% during 2023-2031.
Key players operating in the Europe AI data management market are Microsoft Corp, Alphabet Inc, Oracle Corp, International Business Machines Corp, Salesforce Inc, SAP SE, Hewlett Packard Enterprise Co, Snowflake Inc, and Amazon com Inc, among others.
In 2024, International Business Machines Corp provides watsonx AI and data platform to Wipro Limited for launching Wipro Enterprise Artificial Intelligence (AI)-Ready Platform. This new service will allow clients to create their enterprise-level, fully integrated, and customized AI environments. The Wipro Enterprise AI-Ready Platform leverages the IBM watsonx AI and data platform, including watsonx.ai, watsonx.data, and watsonx.governance and AI assistants, to deliver to clients an interoperable service that helps accelerate AI adoption. including watsonx.ai, watsonx.data, and watsonx.governance and AI assistants to launch of Wipro Enterprise Artificial Intelligence (AI)-Ready Platform.
In 2023, Amazon.com, Inc. company and Salesforce announced a significant expansion of their long-standing, global strategic partnership, deepening product integrations across data and artificial intelligence (AI), and, for the first time, offering select Salesforce products on the AWS Marketplace.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe AI data management market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe AI data management market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe AI Data Management Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Europe AI Data Management Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Advancements in AI and ML-Based Data Management Software
5.1.2 Surge in Partnerships and Acquisitions Among Key Market Players
5.1.3 Expansion of BFSI Industry and Rise in Financial Transactions
5.2 Market Restraints
5.2.1 Issues Related to Availability of High-Quality Data
5.2.2 High Costs Associated with AI Data Management Software
5.3 Market Opportunities
5.3.1 Rising Adoption of Personalized and Adaptive Systems among Consumers
5.3.2 Growing Investment in AI Technology
5.4 Future Trends
5.4.1 Real-time Data Processing
5.5 Impact of Drivers and Restraints:
6. AI Data Management Market – Europe Market Analysis
6.1 Europe AI Data Management Market Revenue (US$ Million), 2021-2031
6.2 Europe AI Data Management Market Forecast Analysis
7. Europe AI Data Management Market Analysis – by Offering
7.1 Solution
7.1.1 Overview
7.1.2 Solution: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Service
7.2.1 Overview.
7.2.2 Service: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
8. Europe AI Data Management Market Analysis – by Deployment
8.1 On-premise
8.1.1 Overview
8.1.2 On-premise: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Cloud
8.2.1 Overview
8.2.2 Cloud: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
9. Europe AI Data Management Market Analysis – by Technology
9.1 Machine Learning
9.1.1 Overview
9.1.2 Machine Learning: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Natural Language Processing (NLP)
9.2.1 Overview
9.2.2 Natural Language Processing (NLP): Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Computer Vision
9.3.1 Overview
9.3.2 Computer Vision: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Context Awareness Computing
9.4.1 Overview
9.4.2 Context Awareness Computing: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10. Europe AI Data Management Market Analysis – by Industry Vertical
10.1 BFSI
10.1.1 Overview
10.1.2 BFSI: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10.2 Retail and E-Commerce
10.2.1 Overview
10.2.2 Retail and E-Commerce: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10.3 IT and Telecom
10.3.1 Overview
10.3.2 IT and Telecom: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10.4 Healthcare
10.4.1 Overview
10.4.2 Healthcare: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10.5 Government
10.5.1 Overview
10.5.2 Government: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
11. Europe AI Data Management Market – Country Analysis
11.1 Europe
11.1.1 Europe AI Data Management Market Overview
11.1.2 Europe: AI Data Management Market Breakdown, by Key Countries, 2023 and 2031 (%)
11.1.2.1 Europe: AI Data Management Market – Revenue and Forecast Analysis – by Country
11.1.2.2 Germany: AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.2.1 Germany: AI Data Management Market Breakdown, by Offering
11.1.2.2.2 Germany: AI Data Management Market Breakdown, by Deployment
11.1.2.2.3 Germany: AI Data Management Market Breakdown, by Technology
11.1.2.2.4 Germany: AI Data Management Market Breakdown, by Industry Vertical
11.1.2.3 France: AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.3.1 France: AI Data Management Market Breakdown, by Offering
11.1.2.3.2 France: AI Data Management Market Breakdown, by Deployment
11.1.2.3.3 France: AI Data Management Market Breakdown, by Technology
11.1.2.3.4 France: AI Data Management Market Breakdown, by Industry Vertical
11.1.2.4 Italy: AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.4.1 Italy: AI Data Management Market Breakdown, by Offering
11.1.2.4.2 Italy: AI Data Management Market Breakdown, by Deployment
11.1.2.4.3 Italy: AI Data Management Market Breakdown, by Technology
11.1.2.4.4 Italy: AI Data Management Market Breakdown, by Industry Vertical
11.1.2.5 United Kingdom: AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.5.1 United Kingdom: AI Data Management Market Breakdown, by Offering
11.1.2.5.2 United Kingdom: AI Data Management Market Breakdown, by Deployment
11.1.2.5.3 United Kingdom: AI Data Management Market Breakdown, by Technology
11.1.2.5.4 United Kingdom: AI Data Management Market Breakdown, by Industry Vertical
11.1.2.6 Russia: AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.6.1 Russia: AI Data Management Market Breakdown, by Offering
11.1.2.6.2 Russia: AI Data Management Market Breakdown, by Deployment
11.1.2.6.3 Russia: AI Data Management Market Breakdown, by Technology
11.1.2.6.4 Russia: AI Data Management Market Breakdown, by Industry Vertical
11.1.2.7 Rest of Europe: AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.7.1 Rest of Europe: AI Data Management Market Breakdown, by Offering
11.1.2.7.2 Rest of Europe: AI Data Management Market Breakdown, by Deployment
11.1.2.7.3 Rest of Europe: AI Data Management Market Breakdown, by Technology
11.1.2.7.4 Rest of Europe: AI Data Management Market Breakdown, by Industry Vertical
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development
14. Company Profiles
14.1 Microsoft Corp
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Alphabet Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Oracle Corp
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 International Business Machines Corp
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Salesforce Inc
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 SAP SE
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Hewlett Packard Enterprise Co
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Snowflake Inc
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Amazon.com Inc
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
15. Appendix
15.1 About The Research Team
Table 1. Europe AI Data Management Market Segmentation
Table 2. List of Vendors
Table 3. Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million) – by Offering
Table 5. Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million) – by Deployment
Table 6. Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 7. Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million) – by Industry Vertical
Table 8. Europe: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 9. Germany: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Offering
Table 10. Germany: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 11. Germany: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 12. Germany: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 13. France: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Offering
Table 14. France: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 15. France: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 16. France: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 17. Italy: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Offering
Table 18. Italy: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 19. Italy: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 20. Italy: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 21. United Kingdom: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Offering
Table 22. United Kingdom: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 23. United Kingdom: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 24. United Kingdom: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 25. Russia: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Offering
Table 26. Russia: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 27. Russia: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 28. Russia: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 29. Rest of Europe: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Offering
Table 30. Rest of Europe: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 31. Rest of Europe: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 32. Rest of Europe: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Figure 1. Europe AI Data Management Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Europe AI data management market
Figure 4. Europe AI Data Management Market – Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Europe AI Data Management Market Revenue (US$ Million), 2021-2031
Figure 7. Europe AI Data Management Market Share (%) – by Offering (2023 and 2031)
Figure 8. Solution: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Service: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Europe AI Data Management Market Share (%) – by Deployment (2023 and 2031)
Figure 11. On-premise: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Cloud: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Europe AI Data Management Market Share (%) – by Technology (2023 and 2031)
Figure 14. Machine Learning: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Natural Language Processing (NLP): Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Computer Vision: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Context Awareness Computing: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Europe AI Data Management Market Share (%) – by Industry Vertical (2023 and 2031)
Figure 19. BFSI: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Retail and E-Commerce: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. IT and Telecom: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Healthcare: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Government: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Others: Europe AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. Europe: AI Data Management Market Revenue, by Key Countries, (2023) (US$ Mn)
Figure 26. Europe: AI Data Management Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 27. Germany: AI Data Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 28. France: AI Data Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 29. Italy: AI Data Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 30. United Kingdom: AI Data Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. Russia: AI Data Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Rest of Europe: AI Data Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. Heat Map Analysis by Key Players
The List of Companies – Europe AI Data Management Market
o Microsoft Corp
o Alphabet Inc
o Oracle Corp
o International Business Machines Corp
o Salesforce Inc
o SAP SE
o Hewlett Packard Enterprise Co
o Snowflake Inc
o Amazon.com Inc
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