AI Market to Reach $1.7 Trillion by 2031
Source: prnewswire.com
Artificial Intelligence Market Growth
According to a new report from The Insight Partners, the global artificial intelligence market is experiencing substantial growth. This is due to increased adoption across industries, government support and investments, and rising demand for multimodal AI.
The report offers an in-depth analysis of market trends, key players, and future opportunities. The artificial intelligence market includes various components, organization sizes, and industry verticals, all expected to show strength in the coming years.
Technological advancements and the integration of machine learning, natural language processing (NLP), and robotic process automation (RPA), along with the demand for generative AI and the development of explainable AI (XAI) and AI-powered cybersecurity solutions, are expected to drive market growth. The increasing need for customized AI solutions, manufacturers focusing on small language models and open source advancements, and increased R&D activities will also benefit the market.
The Insight Partners' report offers insights for hardware, software, and service providers, system integrators, and end users, helping them navigate the evolving market and unlock new opportunities.
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