The global artificial intelligence in healthcare market size was valued at USD 15.4 billion in 2022 is expected to expand at a compound annual growth rate (CAGR) of 37.5% from 2023 to 2030. The growing datasets of patient health-related digital information, increasing demand for personalized medicine, and the rising demand for reducing care expenses are some of the major driving forces of the market growth. The growing global geriatric population, changing lifestyles, rising prevalence of chronic diseases has contributed to the surge in demand for diagnosing and improved understanding of diseases in their initial stages.
Read More »January 14, 2022
The global artificial intelligence in cybersecurity market size was valued at USD 13.29 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 24.3% from 2022 to 2030. Increasing AI technologies, such as natural language processing and machine learning, have gained traction to protect, detect, and respond to threats. Furthermore, an exponential rise in cyberattacks on high-tech companies, defense, and government agencies has underscored the need for advanced artificial intelligence (AI) solutions in cybersecurity.
Read More »September 1, 2022
The global artificial intelligence (AI) in construction market size was valued at USD 398.6 million in 2018 and is anticipated to exhibit a CAGR of 34.0% from 2019 to 2025. Artificial intelligence has evolved with improved safety standards and assist in predicting hazards at construction sites before they take place. Therefore, the construction companies have leveraged the artificial intelligence technology in terms of predictive maintenance and risk management solutions. Also, the AI in the construction industry is highly adopted for the development of industrial internet of things (IIoT) based applications for construction sites.
Read More »December 5, 2019
The global artificial intelligence in military market size was valued at USD 7,448.4 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 12.8% from 2023 to 2030. Increased government spending on the R&D of military weaponry with AI capabilities, development of specialized AI chips, growing adoption of big data in the defense industry, growing private investment in the R&D of AI-based military technology, and incidence of animosity and cross-border wars in various countries are some of the main factors anticipated to propel the growth of AI in the military sector.
Read More »January 3, 2023
The global mobile artificial intelligence market was valued at USD 13.40 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 26.9% from 2023 to 2030. The vast expansion in connectivity with the rollout of 5G and the IoT enables organizations and individuals to collect more real-world data in real-time. This data can be used to improve artificial intelligence (AI) systems further so that they become increasingly sophisticated and capable. These technologies can produce a powerful virtuous circle that can generate massive socio-economic benefits.
Read More »June 5, 2023
The artificial intelligence in diagnostics market size was valued at USD 0.8 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 24.60% from 2023 to 2030. The healthcare industry is rapidly integrating artificial intelligence (AI)-powered solutions in various verticals to achieve higher operational & clinical outcomes, which is a key contributing factor to the growth.
Read More »January 19, 2022
The global enterprise artificial intelligence market size was valued at USD 11.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 34.6% from 2022 to 2030. Factors such as the growing demand for virtual assistants, chatbots, and robots from numerous enterprises and the increasing need to analyze exponentially growing demand for data sets are driving the demand for artificial intelligence among enterprises. Additionally, the shift of businesses from traditional to digital platforms is fueling the demand for artificial intelligence technology in enterprises worldwide.
Read More »July 21, 2022
The global artificial intelligence market size was valued at USD 136.55 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 37.3% from 2023 to 2030. The continuous research and innovation directed by tech giants are driving the adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing. For instance, in November 2020, Intel Corporation acquired Cnvrg.io, an Israeli company that develops and operates a platform for data scientists to build and run machine learning models, to boost its artificial intelligence business.
Read More »February 2, 2023
The healthcare industry is rapidly evolving with large volumes of data and increasing challenges related to healthcare costs and accurate patient outcomes. The rise in prevalence of chronic diseases, such as diabetes, cardiovascular diseases, and chronic respiratory diseases, is increasing the need for real-time data, which in turn, is boosting the demand for AI technology in remote patient monitoring. According to Diabetes Research and Clinical Practices in 2019, 463 million people have diabetes globally, especially in low and middle-income countries, which is nearly 9.3% of the global population.
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The global AI in media & entertainment market size was valued at USD 10.87 billion in 2021 and is estimated to grow at a compound annual growth rate (CAGR) of 26.9% from 2022 to 2030. Artificial intelligence (AI) uses in gameplay, fake story recognition, plagiarized detection, production planning and management, personalization, sales and marketing, talent finding, and other fields is propelling the rise of the global AI in the media and entertainment sector.
Read More »May 30, 2022