The global Artificial Intelligence (AI) market is projected to experience significant growth, with a CAGR of 35.7% from 2024 to 2030, reaching $1,339.1 billion. This growth is driven by factors such as the increasing deployment of autonomous AI, improvements in computing infrastructure and data availability, and advancements in deep learning and machine learning. Companies like Microsoft, IBM, Google, and NVIDIA are leading the way in the AI market.
Recent developments in AI are transforming various industries, with AI robots improving interactions and customer service, AI-based cyber security enhancing defenses, and AI-enabled diagnostics revolutionizing healthcare. The use of AI in FinTech for fraud detection and personalized financial services is also on the rise. The European Union has introduced the Artificial Intelligence Law to regulate AI activities.
Generative AI, which can autonomously create content, is expected to grow rapidly in the coming years, offering innovative solutions for businesses. Context-aware AI technology, which uses contextual data for more personalized user experiences, is also set to expand due to advances in machine learning and natural language processing. Companies have the opportunity to automate tasks, improve operations, and gain valuable insights through AI analytics.
To capitalize on the opportunities presented by the AI market, companies need to invest in AI talent, foster innovation, and collaborate with partners to fully leverage the potential of artificial intelligence. MarketsandMarkets™ is a leading management consulting firm that assists organizations in driving growth through their man-machine offering. With expertise in emerging technologies, they help clients navigate the evolving B2B landscape and identify new revenue streams.
Through services like TAM Expansion, GTM Strategy to Execution, and Market Share Gain, MarketsandMarkets™ collaborates with Forbes Global 2000 B2B companies to stay ahead of industry disruptions and capitalize on the $25 trillion revenue opportunity in the B2B economy. Their AI-powered Market Intelligence Cloud, the KnowledgeStore™, provides valuable insights and analysis to help clients understand revenue shifts and make informed decisions in their respective industries.
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https://finance.yahoo.com/news/rise-artificial-intelligence-market-1-140000975.html