• Cat-intel
  • MedIntelliX
  • Consulting
  • Resources
  • About Us
  • News
  • Careers
  • Contact Us
  • Login
    • Request Free Sample ×
    ReportInfographic

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor
    Hero Background

    India Artificial Intelligence Market

    ID: MRFR/ICT/19861-CR
    135 Pages
    Aarti Dhapte
    August 2025

    India Artificial Intelligence Market Research Report Information by Component (Hardware, Software, Services), by Technology (Machine Learning, Natural Language Processing (NLP), Computer Vision, Context Aware Computing, Generative AI, Others), by Organization Size (Small and Medium Enterprises (SMEs), Large Enterprises), by Deployment Model (Cloud-based, On-Premise), by Application (Finance, Security, Human Resources (HR), Law, Marketing & Sales, Others), by Industry Vertical (BFSI, IT and Telecom, Healthcare, Retail and E-Commerce, Auto...

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    India Artificial Intelligence Market Infographic
    Purchase Options
    Compare License
    Summary Table of Contents Segmentation Download PDF

    India Artificial Intelligence Market Summary

    The India Artificial Intelligence market is projected to grow from 8.59 USD Billion in 2024 to 54.04 USD Billion by 2035.

    Key Market Trends & Highlights

    India Artificial Intelligence Key Trends and Highlights

    • The market is expected to achieve a compound annual growth rate of 28.69 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 122.3 USD Billion, indicating robust growth potential.
    • in 2024, the market is valued at 8.59 USD Billion, reflecting the increasing investment in AI technologies.
    • Growing adoption of artificial intelligence due to advancements in machine learning is a major market driver.

    Market Size & Forecast

    2024 Market Size 8.59 (USD Billion)
    2035 Market Size 54.04 (USD Billion)
    CAGR (2025-2035) 18.20%

    Major Players

    BM Corporation, Oracle, Infosys, Microsoft Corporation, Amazon Web Services (Amazon Inc.), Persistent Systems, KELLTON, Happiest Minds, Tata Elxsi, Meta Platforms, Inc, Zensar Technologies Ltd, ARYA.AI (LITHASA Technologies Pvt. Ltd.), Jio HAPTIK Technologies Limited, Wipro, SAKSOFT

    Market Segment Insights

    Artificial Intelligence

    Based on Component, the India Artificial Intelligence market has been divided into Hardware, Software and Services. The Hardware segment dominated the India market in 2024, while the Software segment is projected to be the fastest–growing segment during the forecast period. AI hardware refers to the specialized computational devices and components, such as GPUs, TPUs, and NPUs, that facilitate and accelerate the processing demands of artificial intelligence tasks, playing a pivotal role alongside algorithms and software in the AI ecosystem. 

    Intelligent programs are resource-intensive; hence, they require a performance-ready hardware system to function. In addition to the hardware that runs the software, the need high-speed cameras, sensors, actuators, and other recommended devices. More importantly, it’s essential to integrate them all with the firmware so that these devices can deliver all the data into a single solution.

    Artificial Intelligence

    Based on Technology, the India Artificial Intelligence market has been segmented into Machine Learning, Natural Language Processing (NLP), Computer Vision, Context-Aware Computing, Generative AI and others. The Machine Learning segment dominated the India market in 2024, while the Context Aware Computing segment is projected to be the fastest–growing segment during the forecast period. Machine Learning (ML) is the type of AI that crunches huge datasets to spot patterns and trends, then uses them to build models that predict what will come in the future. 

    ML allows Manufactures to forecast fluctuations in demand and supply, estimate the best intervals for maintenance scheduling, and spot early signs of anomalies. machine learning in manufacturing, process plants can improve production quality, predict fluctuations in market demand, reduce the number of serious incidents, raise their reputation for safety and environmental impact, and increase efficiency and productivity across the board. Implementing ML and AI in manufacturing is an ongoing process that continuously delivers value and boosts revenue across the long term.

    Artificial Intelligence

    Based on the Organization Size, the India Artificial Intelligence market has been bifurcated into into SMEs and Large Enterprises. The Large Enterprises segment dominated the India market in 2024, while the Small and Medium Enterprises (SMEs) segment is projected to be the fastest–growing segment during the forecast period. An enterprise of large size refers to a body that usually consists of over 1,000 employees and generates considerable revenue. It is typically made up of numerous business units plus departments regardless of physical distance between them. 

    The organizations are characterized with complex information technology systems; nonetheless, they have IT professionals within their premises to oversee the system. Due to the large volume of financial resources, they can inject into technology as well as the infrastructure itself— which ensures a high return — big data solutions come easily for such firms. The primary aim would be to enhance operational efficiency through utilization of appropriate data at all levels, thus cutting down on operation cost and achieving scalability.

    Artificial Intelligence

    Based on the Deployment Model, the India Artificial Intelligence market has been bifurcated into Cloud Based and On-Premises. The Cloud-based segment dominated the India market in 2024, while the Cloud-based segment is projected to be the fastest–growing segment during the forecast period. Cloud manufacturing refers to running a manufacturing facility’s software systems and platforms on the cloud. 

    The cloud refers to servers that are housed in a provider’s data center and allows other businesses and organizations to run and store their own software and databases on those servers. A company’s software and data are then accessible via the internet, and the company doesn’t have to have physical server equipment at its own physical facility.

    Artificial Intelligence

    Based on the Application Area, the India Artificial Intelligence market has been bifurcated into Finance, Security, Human Resources, Law, Marketing and Sales and Others.  The Finance segment dominated the India market in 2024, while the Marketing & Sales segment is projected to be the fastest–growing segment during the forecast period. AI-powered solutions for fraud detection, risk assessment, and customer service automation are in high demand in the financial sector. U.S. fintech companies can leverage partnerships with Indian banks and financial institutions to deploy AI-driven solutions. 

    The finance industry utilizes AI to detect fraud in banking activities, assess financial credit standings, predict financial risk for businesses plus manage stock and bond trading based on market patterns. AI is also implemented across fintech and banking apps, working to personalize banking and provide 24/7 customer service support.

    Artificial Intelligence

    Based on the Industry Vertical, the India Artificial Intelligence market has been bifurcated BFSI, IT and Telecom, Healthcare, Retail and E-Commerce, Automotive, Manufacturing, Transportation and Logistics and Others. The BFSI segment dominated the India market in 2024, while the Healthcare segment is projected to be the fastest–growing segment during the forecast period. AI assists militaries on and off the battlefield, whether it’s to help process military intelligence data faster, detect cyberwarfare attacks or automate military weaponry, defense systems and vehicles. 

    Drones and robots in particular may be imbued with AI, making them applicable for autonomous combat or search and rescue operations. Artificial Intelligence is also about to help defense and the military in the coming days. The government is planning to use artificial intelligence for various military operational support. Also, it will help in some automatic artilleries and weapons. Let’s take a closer look at AI applications in the Military. AI algorithms can analyze large amounts of data, including sensor inputs, intelligence reports, and historical information.

    These insights provide aid while taking an effective decision that includes stock management, resource allocation, and so on without actual human intervention.

    Get more detailed insights about India Artificial Intelligence Market
    Request Free Sample

    Key Players and Competitive Insights

    Many global, regional, and local vendors characterize the Artificial Intelligence Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.

    The major competitors in the market are IBM Corporation, Oracle, Infosys, Microsoft Corporation, Amazon Web Services (Amazon Inc.), Persistent Systems, KELLTON, Happiest Minds, Tata Elxsi, Meta Platforms, Inc, Zensar Technologies Ltd, ARYA.AI (LITHASA Technologies Pvt. Ltd.), Jio HAPTIK Technologies Limited, Wipro, SAKSOFT are among others. The India Artificial Intelligence Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.

    Key Companies in the India Artificial Intelligence Market market include

    Industry Developments

    June 2024: Infosys launched Infosys Aster, an AI-powered marketing suite enhancing brand experiences and efficiency. Key features include real-time insights, immersive technologies, and cost-effective campaigns, driving significant growth and operational savings.

    June 2024: The American Arbitration Association (AAA) and Zensar Technologies announced their partnership on the introduction of ClauseBuilder AI (Beta). This cutting-edge application makes use of artificial intelligence (AI) to streamline the process of creating arbitration and mediation agreements that are both clear and efficient.

    October 2023: Oracle NetSuite announces new generative AI-powered capabilities, NetSuite Text Enhance, to help organizations boost productivity. The feature uses company-specific, relevant data to produce contextual and personalized content across various departments like finance, HR, supply chain, sales, and customer support. It is built on Oracle Cloud Infrastructure and respects customers' data privacy and security.

    December 2022: IBM is infusing robots with AI to monitor critical systems at the edge, Combining the power of AI, remote sensing, and edge computing, IBM is working with National Grid and Boston Dynamics to transform how facilities can be monitored for safety issues autonomously

    India Artificial Intelligence Market Segmentation

    Artificial Intelligence by Component Outlook

    • Hardware
    • Software
    • Services

    Artificial Intelligence by Technology Outlook

    • Machine Learning
    • Natural Language Processing (NLP)
    • Computer Vision
    • Context Aware Computing
    • Generative AI
    • Others

    Artificial Intelligence by Organization Size Outlook

    • Small and Medium Enterprises (SMEs)
    • Large Enterprises

    Artificial Intelligence by Deployment Model Outlook

    • Cloud-based
    • On-Premises

    Artificial Intelligence by Application Outlook

    • Finance
    • Security
    • Human Resources (HR)
    • Law
    • Marketing & Sales
    • Others

    Artificial Intelligence by Industry Vertical Outlook

    • BFSI
    • IT and Telecom
    • Healthcare
    • Retail and E-Commerce
    • Automotive
    • Manufacturing
    • Transportation and Logistics
    • Others

    Future Outlook

    India Artificial Intelligence Market Future Outlook

    Market Segmentation

    Artificial Intelligence by Component Outlook

    • Hardware
    • Software
    • Services

    Artificial Intelligence by Technology Outlook

    • Machine Learning
    • Natural Language Processing (NLP)
    • Computer Vision
    • Context Aware Computing
    • Generative AI
    • Others

    Artificial Intelligence by Application Outlook

    • Finance
    • Security
    • Human Resources (HR)
    • Law
    • Marketing & Sales
    • Others

    Artificial Intelligence by Deployment Model Outlook

    • Cloud-based
    • On-Premises

    Artificial Intelligence by Industry Vertical Outlook

    • BFSI
    • IT and Telecom
    • Healthcare
    • Retail and E-Commerce
    • Automotive
    • Manufacturing
    • Transportation and Logistics
    • Others

    Artificial Intelligence by Organization Size Outlook

    • Small and Medium Enterprises (SMEs)
    • Large Enterprises

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 USD 7.63 Billion
    Market Size 2025 USD 11.17 Billion
    Market Size 2035 54.04
    Compound Annual Growth Rate (CAGR) 18.20% (2025 - 2035)
    Base Year 2024
    Forecast Period 2025 - 2035
    Historical Data 2019-2023
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered By Component, By Technology, By Organization Size, By Deployment Model, By Application, By Industry Vertical
    Geographies Covered India
    Countries Covered India
    Key Companies Profiled IBM Corporation, Oracle, Infosys, Microsoft Corporation, Amazon Web Services (Amazon Inc.), Persistent Systems, KELLTON, Happiest Minds, Tata Elxsi, Meta Platforms, Inc, Zensar Technologies Ltd, ARYA.AI (LITHASA Technologies Pvt. Ltd.), Jio HAPTIK Technologies Limited, Wipro, SAKSOFT
    Key Market Opportunities

    ·         Growing adoption of cloud-based AL solutions

    ·         Expansion of edge AI capabilities for real-time data processing and decision-making
    Key Market Dynamics

    ·         Increasing adoption of AI by businesses

    ·         Government support for ai research and development

    Leave a Comment

    FAQs

    How much is the India Artificial Intelligence Market?

    The India Artificial Intelligence Market was valued at USD 7.63 Billion in 2024.

    Which Industry Vertical holds the largest market share?

    The BFSI segment by Industry Vertical holds the largest market share and grows at a CAGR of 41.7% during the forecast period.

    Who are the prominent players in the India Artificial Intelligence Market?

    IBM Corporation, Oracle, Infosys, Microsoft Corporation, Amazon Web Services (Amazon Inc.), Persistent Systems, KELLTON, Happiest Minds, Tata Elxsi, Meta Platforms, Inc, Zensar Technologies Ltd, ARYA.AI (LITHASA Technologies Pvt. Ltd.), Jio HAPTIK Technologies Limited, Wipro, SAKSOFT are prominent players in the India Artificial Intelligence Market.

    Which Technology segment led the India Artificial Intelligence Market?

    The Machine Learning segment dominated the market in 2024.

    Download Free Sample

    Kindly complete the form below to receive a free sample of this Report

    No regional reports available for this market.

    No country-specific reports available for this market.

    Customer Stories
    Case Study
    Chemicals and Materials
    Global Magnesium Sulfate Market – Forecast till 2027

    Compare Licence

    ×
    Features License Type
    Single User Multiuser License Enterprise User
    Price $4,950 $5,950 $7,250
    Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
    Free Customization ✓ ✓ ✓
    Direct Access to Analyst ✓ ✓ ✓
    Deliverable Format ✓ ✓ ✓
    Platform Access ✗ ✗ ✓
    Discount on Next Purchase 10% 15% 15%
    Printable Versions ✗ ✗ ✓