Global generative AI market is anticipated to grow at a considerable CAGR of 48.5% during the forecast period. Generative AI algorithms need large datasets of training data to learn. The increasing availability of data from the internet, social media, and other sources is making it possible to train more powerful and sophisticated generative AI algorithms. The increasing […]
Category Archives: Artificial Intelligence
The composite AI market is estimated to grow at a CAGR of 35.4% from 2024 to 2031. The growth in this sector is driven by increasing investment in the AI/ML industry, rapidly growing competition, better access to technology, changing businesses’ tendencies to more data-driven decisions, and increasing rate of data production among others. For instance, In September […]
The global blockchain AI market is anticipated to grow at a considerable CAGR of 24% during the forecast period. The companies are focusing on implementing innovative blockchain-based technologies to enhance customer satisfaction, which further fuel the market growth during the forecast period. For instance, in November 2020, Proven Technology VCS and Medical physicians launched a […]
Global artificial intelligence in energy market is anticipated to grow at a CAGR of 14.5% during the forecast period. Smart consumption tools powered by AI have changed how consumers use and save energy. With the formation of decentralized power grids, it’s possible to balance the energy inputs and outputs using the previously collected data. Deep learning AI […]
The global AI in cancer diagnostics market is anticipated to grow at a CAGR of 32.5% during the forecast period. Artificial Intelligence (AI) has made positive impact across various sectors including healthcare globally. A notable surge in the adoption of AI tools across different domains, including healthcare, has led to a pronounced increase in demand for AI-driven […]
The global artificial intelligence as a service market size was valued at $7.7 billion in 2022, and is projected to reach $96.1 billion by 2030, registering a CAGR of 37.10% during the forecast period. Each year, the US spends about $40 billion on patients who have had drug mishaps. Artificial intelligence can assist providers in various patient […]
The global AI Sensor market is anticipated to grow at a CAGR of 41.6% during the forecast period. A sensor is a machine that recognises and responds to an incoming signal. AI robots leverage an array of sensors, enabling size measurement, object recognition, and distance assessment. Furthermore, radio-frequency identification (RFID) technology provides a wireless means of sensing […]
The global AI in precision medicine market is anticipated to grow at a CAGR of 19.2% during the forecast period. Several methods use a machine learning (ML) model to categorize genes as tumor suppressors, oncogenes, or neutral genes. Both known oncogenes and tumor-suppressor genes, such as TP53 and PIK3CA, were successfully predicted by using an AI-based precision […]
Global AI in the Medical Writing Market is experiencing significant growth expecting to grow at a CAGR of 16.1% during the forecasted period. The market growth is owing to factors such as the increasing acceptance of machine learning especially AI, the growing need to reduce healthcare expenditures, and increased R&D investments in pharmaceutical companies to optimize their […]
The global AI in life science analytics market is anticipated to grow at a CAGR of 9.7% during the forecast period. The development of diseases and patient outcomes can be predicted by a variety of conditions using Artificial Intelligence (AI). It is used in conducting clinical trials, enables new drug discoveries, and diagnoses of diseases more precisely […]