Spain Artificial Intelligence Market Size, Share, and COVID-19 Impact Analysis, By Solution (Hardware, Software, and Services), By Function (Cybersecurity, Finance & Accounting, Human Resource Management, Legal & Compliance, Operations, Sales & Marketing, and Supply Chain Management), By Technology (Deep Learning, Machine Learning, Natural Language Processing (NLP), Machine Vision, and Generative AI), By End-Use (Healthcare, BFSI, Law, Retail, Advertising & Media, Automotive & Transportation, Agriculture, Manufacturing, and Others), and Spain Artificial Intelligence Market Insights, Industry Trend, Forecasts to 2033

Spain Artificial Intelligence Market Insights Forecasts to 2033

• The Spain Artificial Intelligence Market Size was valued at USD 2.64 Billion in 2023.
• The Spain Artificial Intelligence Market Size is Growing at a CAGR of 4.97% from 2023 to 2033
• The Spain Artificial Intelligence Market Size is expected to reach USD 4.29 Billion by 2033

The Spain Artificial Intelligence Market Size is Anticipated to exceed USD 4.29 Billion By 2033, Growing at a CAGR of 4.97% from 2023 to 2033. The increasing demand for AI solutions across various sectors, increasing startup ecosystem focused on AI innovations, and government initiatives & investment in AI technology are driving the growth of the artificial intelligence market in the Spain.     

Market Overview

The artificial intelligence market refers to the industry involving AI-related products and services, such as software, hardware, and specialized services, that enable organizations to develop and deploy AI applications. Artificial intelligence (AI) is the simulation of human intelligence processes by machines, particularly computer systems. It aims to create machines that can perform tasks typically requiring human intelligence. Various tech giants have adopted AI technology for providing a better customer experience and improving presence in the artificial intelligence industry 4.0.
The advancements in generative AI include AI-powered content generation that is providing market growth opportunities. Businesses are creating high-quality text, images, and even videos, which revolutionize industries such as marketing, entertainment, and content creation, in order to produce personalized content at scale, enhancing customer engagement and reducing production costs.

Report Coverage

This research report categorizes the market for the Spain artificial intelligence market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Spain artificial intelligence market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Spain artificial intelligence market.

Driving Factors

The implementation of AI in diverse industries for its versatility, enabling personalized experiences in retail, predictive maintenance in manufacturing, and advanced analytics in healthcare, is driving the artificial intelligence market. It was found that AI investments in Spain have surged by 42% in the past two years, which signifies a transformative period for tech entrepreneurs and investors alike. Spanish startups leveraging AI to solve complex challenges and creating unprecedented value are propelling the market growth. The government initiatives and investment in AI technology are significantly propelling the market. For instance, in January 2025, Spain to allocate 150 million euros for AI integration in companies.  

Restraining Factors

The concerns regarding the bias and inaccurately generated output are challenging the artificial intelligence market. Further, the increased cost of training data preparation is restraining the artificial intelligence market growth.

Market Segmentation

The Spain artificial intelligence market share is classified into solution, function, technology, and end-use.

• The software segment dominates the market with the largest revenue share in 2023 and is anticipated to witness significant CAGR growth during the forecast period.

The Spain artificial intelligence market is segmented by solution into hardware, software, and services. Among these, the software segment dominates the market with the largest revenue share in 2023 and is anticipated to witness significant CAGR growth during the forecast period. Artificial intelligence (AI) software tools and technologies enable machines to perform tasks that typically require human intelligence. The advancement in information storage capacity, high computing power, and parallel processing capabilities for delivering high-end services is driving the market in the software segment.

• The operations segment dominated the market with the largest revenue share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

The Spain artificial intelligence market is segmented by function into cybersecurity, finance & accounting, human resource management, legal & compliance, operations, sales & marketing, and supply chain management. Among these, the operations segment dominated the market with the largest revenue share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. AI tools are used among operations managers for streamlining processes, reducing costs, and improving operational efficiency. The use of AI for predictive maintenance, process automation, and supply chain optimization by businesses to streamline workflow, reduce costs, and ensure smooth delivery is propelling the market demand.

• The deep learning segment held the largest revenue share of the artificial intelligence in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

The Spain artificial intelligence market is segmented by technology into deep learning, machine learning, natural language processing (NLP), machine vision, and generative AI. Among these, the deep learning segment held the largest revenue share of the artificial intelligence in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Deep learning technology uses artificial neural networks to learn from data. The increasing prominence of complicated data-driven applications of deep learning technology in AI is driving the market growth.

• The advertising & media segment accounted for the largest revenue share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

The Spain artificial intelligence market is segmented by end-use into healthcare, BFSI, law, retail, advertising & media, automotive & transportation, agriculture, manufacturing, and others. Among these, the advertising & media segment accounted for the largest revenue share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. In the advertising & media, AI aids in analysing consumer data and behaviour to help identify which ad works best with a particular audience, which not only saves time and resources but also increases personalization effectively. The rising AI marketing application and the use of tools for improving the shopping experience and boosting campaign performance are promoting the market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Spain artificial intelligence market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Atos
• Microsoft
• Everis
• Accenture
• Cognizant
• Sngular
• Amazon
• ValidSoluciones
• SAP
• IBM
• Nokia
• Oracle
• Indra
• Google
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In December 2024, the Government of Spain, through the Ministries for Digital Transformation and Public Function and Science, Innovation and Universities, invest 61.76 million euros in the first Artificial Intelligence factory in country.
• In June 2024, Microsoft announced the opening of its first cloud region of data centers in Spain, located in multiple locations in the Community de Madrid, from which the company would provide Artificial Intelligence and cloud services and solutions to companies and public entities from Spain and the rest of Europe, offering reliability, security, privacy, and data residency.
• In April 2024, IBM and The Government of Spain Collaborate to Advance the National AI Strategy and Build the World's Leading Spanish-language AI Models. Strategic collaboration would strengthen Spain's open and ethical AI initiatives to stimulate economic and technical efforts.

Market Segment

This study forecasts revenue at Spain, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Spain artificial intelligence market based on the below-mentioned segments:

Spain Artificial Intelligence Market, By Solution

• Hardware
• Software
• Services

Spain Artificial Intelligence Market, By Function

• Cybersecurity
• Finance & Accounting
• Human Resource Management
• Legal & Compliance
• Operations
• Sales & Marketing
• Supply Chain Management

Spain Artificial Intelligence Market, By Technology

• Deep Learning
• Machine Learning
• Natural Language Processing (NLP)
• Machine Vision
• Generative AI

Spain Artificial Intelligence Market, By End-Use

• Healthcare
• BFSI
• Law
• Retail
• Advertising & Media
• Automotive & Transportation
• Agriculture
• Manufacturing
• Others