The Artificial Intelligence Toolkit Market was valued at USD 22.2 billion in 2024, projected to reach USD 151.2 billion by 2032 with a CAGR of 23.78%. Demand is driven by AI adoption in healthcare, finance, retail, and manufacturing, supported by advancements in machine learning and cloud-based services.

In the U.S., the AI toolkit market was valued at USD 6.7 billion in 2024, expected to exceed USD 44.2 billion by 2032, growing at a CAGR of 23.42%. Factors include rising demand for AI solutions, government support, digital transformation, and cloud adoption, with investments in infrastructure and workforce development.

The open-source segment leads the AI toolkit market, capturing 58% of revenue in 2024 due to flexibility, cost-efficiency, and widespread developer adoption. Established technologies like TensorFlow and PyTorch provide customizable, innovative solutions for startups and academic research.

The software segment dominated the AI toolkit market in 2024, accounting for 49% of revenue share. Enterprises drive demand for scalable AI solutions in model development, deployment, and lifecycle management, integrating AI into workflows for big data, predictive modeling, NLP, and computer vision applications.

In 2024, the machine learning segment held a significant share in the AI toolkit market, enabling data-driven intelligence in industries like finance, healthcare, retail, and automotive. Machine learning frameworks empower organizations to automate decisions, optimize operations, and enhance efficiency with predictive analytics and recommendation engines.

The IT & telecom segment led the AI toolkit market in 2024, driven by early AI adoption, 5G rollouts, and network management applications. AI tools are utilized for network optimization, fraud detection, and personalized services, enhancing telecom operations and service innovation with AI-powered cybersecurity solutions.

North America dominated the AI toolkit market in 2024, accounting for 39% of revenue, supported by strong digital infrastructure and leading providers like Google, IBM, Microsoft, and NVIDIA. Asia Pacific is expected to witness the fastest growth from 2025 to 2032, driven by digitalization and AI implementation in countries like India, China, Japan, and South Korea.

Read more at GlobeNewswire: Artificial Intelligence Toolkit Market to Reach USD 151.2