The globalAI in cybersecurity market size was estimated at USD 16.48 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 24.3% from 2023 to 2030. Increasing artificial intelligence (AI) technologies, such as natural language processing (NLP) and machine learning(ML), 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 AI in cybersecurity.
Read More »December 5, 2023
The global AI in healthcare market size was estimated at USD 19.27 billion in 2023 and is expected to grow at a CAGR of 38.5% from 2024 to 2030. One primary factor driving market growth is the increasing demand in the healthcare sector for enhanced efficiency, accuracy, and better patient outcomes. According to a March 2024 Microsoft-IDC study, 79% of healthcare organizations are presently utilizing AI technology.
Read More »April 12, 2024
The global artificial intelligence in manufacturing market size was valued at USD 4.10 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 44.2% from 2024 to 2030. The rapid progress of artificial intelligence (AI) within the manufacturing sector is gaining momentum through the implementation of sophisticated technological innovations including analytics, augmented reality, virtual reality, smart packaging, and additive manufacturing within production facilities.
Read More »February 5, 2024
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 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 (AI) in animal health market size was estimated at USD 997.33 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 19.09% from 2023 to 2030. Key market growth drivers include increasing applications of AI in animal health, availability of AI-based solutions, initiatives by key companies, increasing expenditure on animals, and demand for improving animal health outcomes.
Read More »July 24, 2023
The global AI in medical coding market size was estimated at USD 2.06 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 13.7% from 2023 to 2030. The market is experiencing growth due to several factors, including a growing demand for these services, a standardized language to minimize insurance claim fraud and misinterpretations, and a strong demand for improving efficiency in hospital billing and coding procedures.
Read More »July 14, 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 »October 4, 2023
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 MENA artificial intelligence market size was estimated at USD 11.92 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 44.8% from 2024 to 2030. The growth is attributable to actively embracing AI to build smart and sustainable urban environments in this region. AI finds application in traffic management, energy optimization, and public safety, fostering more efficient and secure cities.
Read More »January 5, 2024