There are 11 Companies in Munich
that provide Artificial Intelligence Services!

Munich is one of Europe’s leading cities when it comes to tech development and since 2016 the ICT sector has grown significantly. The Bavarian capital has one of the highest rates in tech employment, education, and revue per industry which indicates that Munich is a vital economic and digital center in Germany and also in Europe. 

The ICT sector in Munich is divided into 3 segments  - services, wholesale, and production. The service sector is relevant for most IT companies and digital agencies with the largest number of employees and the highest revenues. On the other hand, the product segment is the highest-selling out of all, in relative terms. 

According to the Bavarian Statistical Office, in 2017 the number of employees in the ICT sector in Munich was 119K, with 11300 companies providing jobs for IT professionals. The numbers do not include sole proprietorships and startups even if they are also part of the industry. 

Certainly, Munich as one of the leading tech centers in Europe has managed to attract tech behemoths such as Microsoft, Google, IBM, Apple, Alibaba Group, Cisco, Huawei, and Fujitsu. But also, Munich is the home where BMW, Siemens, and Audi brands were born and grown. 

When it comes to startups and accelerator programs, incubators, and partnerships, Munich is again excelling: 9% of all German startups are born and developed in Munich. Apparently a low number, but taking into account all cities with high IT potential, the results are actually impressive. 

Regarding salaries in the IT industry, according to Glassdoor, the figures are at $78K/Year or nearly 64K Euros/Year. 

Artificial Intelligence (AI) has emerged as a transformative technology, revolutionizing industries and unlocking new possibilities. It includes a range of services that leverage advanced algorithms and machine-learning techniques to enable machines to simulate human intelligence. These services include natural language processing, AR/VR development, data analysis, and virtual assistants, to name a few. AI is often intertwined with other similar services, such as data science, big data analytics, and sales automation, collectively forming a powerful ecosystem of intelligent solutions.

According to Forbes, 64% of business owners believe AI has the potential to improve customer relationships, indicating a positive outlook on the role of AI in enhancing client interactions

By implementing AI services in their working processes, companies can get a series of benefits, among which are:

• Enhanced efficiency in repetitive tasks
• Improved analytics.
• Enhanced Customer Experiences
• Process optimization

When selecting an AI service provider for a project, it is recommended to consider a series of criteria that would bring you closer to the best-suitable companies you want to work with. Some of the most important are: 

• Expertise and Experience: Look for companies with a proven track record in developing AI solutions relevant to your industry.

• Location: If this is important to your business or project requirements, choose a company that suits your geographical needs, and avoid cultural, and linguistic barriers

• Team size: depending on how urgent you need the project to be delivered, by selecting a company with more resources - you ensure a faster execution

• Hourly rates: even the best matching companies may have an hourly rate that could surpass your budget. To make sure you are on the same financial wave with your potential AI development partners, choose the hourly rate that gets closer to your project.

TechBehemoths, a trusted platform in the tech industry, can assist in selecting the best AI companies for your projects. With a comprehensive directory of AI service providers that includes more than 1200 specialized companies across 50+ countries, TechBehemoths offers unbiased reviews, ratings, and detailed profiles, helping you make informed decisions. The platform features a robust search functionality, allowing you to filter companies based on industry expertise, location, and other project requirements.