The global AI market is anticipated to grow at a considerable CAGR of 38.7% during the forecast period (2022-2028). The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace this is anticipated to positively impact significant market growth. For instance- Scale AI awareded $250 million contract by Department of Defense- In January 2022, Scale AI, has won a nearly $250 million contract from the Department of Defense’s Joint Artificial Intelligence Center. The company provides a full life cycle of data management, a key part of building Ai models.
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Aeyon secures sport on JAIC agreement for AI services- In March 2022; Aeyon signed a five-year contract with the Department of Defense’s Joint Artificial Intelligence Center. Aeyon helps the DOD by implementing and delivering AI applications that bolster analytical and business activities. Moreover, the company offers a portfolio of data analytics, engineering, robotic process automation, and management consulting services to DOD. Furthermore, Fluence acquired Nispera- in April 2022; Fluence announced the acquisitions of Nispera AG. With this acquisition, nispera’s cutting-edge technology will support the braoader fluence ecosystem of energy storage products, services, and digital applications. Moreover, nispera’s, machine learning, and AI highly complement the advanced application being developed at fluence.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2021-2028
- Segment Covered- by technology, by end user, by offerings
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- are Amazon.com, Inc., Apple, Inc., Bizzabo, DeepMind Technologies Ltd., Facebook, Inc., Google, Inc., Microsoft Corp., IBM Corp., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global AI Market– Segmentation
By Technology
- Natural Language Generation
- Speech Recognition
- Virtual Agents
- Machine Learning
- Robotic Process Automation
- Biometrics
- Text Analytics and Natural Language Processing
- AI Optimized Hardware
By End-User
- Journalism
- Entertainment
- Online Retail Stores
- Automobile Sector
- Healthcare
- Banking and Finance
- Manufacturing
By offerings
- Hardware
- Software
- Services
