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Artificial Intelligence

Artificial Intelligence Market worth $1,345.2 billion by 2030 – Exclusive Report by MarketsandMarkets™

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CHICAGO, June 30, 2023 /PRNewswire/ — The future of the AI market appears promising with the development of conversational AI and autonomous systems, as well as the penetration of new industries, deep learning, and edge computing. Personalization, continued investment, and research will all have an impact on the direction of the AI market in the future.
The global Artificial Intelligence Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 36.8% during the forecast period, to reach USD 1,345.2 billion by 2030 from USD 150.2 billion in 2023, according to a new report by MarketsandMarkets™.  The adoption of artificial intelligence (AI) technology has been remarkable since its introduction, leading to significant growth in the global market. This growth attributed to the increasing demand for artificial intelligence technologies across diverse industry verticals.
Browse in-depth TOC on “Artificial Intelligence Market”
270 – Tables 60 – Figures300 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2017 – 2030
Base year considered
2022
Forecast period
2023 – 2030
Forecast units
USD (Billion)
Segments covered
Offering, Technology, Business Function, Verticals, and Region
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
Google (US), Microsoft (US), IBM (US), Oracle (US), AWS (US), Intel (US), Salesforce (US), SAP (Germany), Cisco (US), Meta (US), HPE (US), Siemens (Germany), Huawei (China), NVIDIA (US), Baidu (China), SAS Institute (US), OpenAI (US), H2O.ai (US), iFLYTEK (China), Alibaba Cloud (China), General Vision (US), Darktrace (UK) and many more.
 
Organizations are recognizing the transformative potential of artificial intelligence in improving operational efficiency, enhancing customer experiences, and driving innovation. Artificial Intelligence technology such as machine learning, natural language processing, computer vision, and others are revolutionizing various sectors, including healthcare, finance, manufacturing, and retail. The advancements in AI algorithms, computing power, and data availability are further fuelling the growth of the AI market, as businesses seek to leverage the potential of AI to gain a competitive edge in the digital era.
As per verticals, the healthcare & life sciences segment to grow at highest CAGR during the forecast period
The Artificial Intelligence Market is segmented on verticals into retail & eCommerce, BFSI, Government & Defense, Healthcare & Life Sciences, Telecom, Energy & Utilities, Manufacturing, Agriculture, IT/ITeS, Media & Entertainment, Automotive, Transportation and Logistics and other verticals (Construction, education, and travel and hospitality). As per verticals, the healthcare and life sciences vertical is expected to grow at the highest CAGR during the forecast period. This industry is experiencing significant growth and is poised to contribute significantly to the global Artificial Intelligence Market. Artificial intelligence applications in healthcare & life sciences includes patient data and risk analysis, medical imaging and diagnostics, precision medicine, drug discovery, and much more. The use of electronic medical records has led to the expansion of patient data, while the risk analysis market benefits from artificial intelligence systems’ risk management and predictive analytics capabilities for payers and healthcare providers. These advancements in artificial intelligence technology are driving innovation and transformation within the healthcare sector.
By business function marketing and sales accounts to hold the largest market size during the forecast period
As per business function, marketing and sales segment to hold the largest market size for the Artificial Intelligence Market during the forecast period. With the aid of AI-powered algorithms, businesses personalize their marketing campaigns, target the right audience, and deliver relevant content at the optimal time. Artificial intelligence also enhances sales processes by providing predictive analytics, lead scoring, and automated customer support through chatbots. Furthermore, artificial intelligence enables advanced data analytics and segmentation, optimizing sales funnels and improving conversion rates. The adoption of artificial intelligence in marketing and sales is reshaping how businesses engage with customers, optimize their strategies, and drive revenue growth.
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As per region, Asia Pacific is anticipated to growth at the highest CAGR during the forecasted period
As per region, Asia Pacific is anticipated to grow at the highest CAGR during the forecasted period. The adoption of artificial intelligence (AI) in the Asia Pacific region is experiencing significant growth. With advancements in technology, increased digitalization, and a focus on innovation, businesses and governments in Asia Pacific are embracing artificial intelligence solutions across various sectors. Additionally, the availability of skilled talent and robust infrastructure further fuels the growth of artificial intelligence across the region. As a result, Asia Pacific is emerging as a hub for AI innovation and implementation.
Top Key Companies in Artificial Intelligence Market:
Some of the major Artificial Intelligence Market vendors are Google (US), Microsoft (US), IBM (US), Oracle (US), AWS (US), Intel (US), Salesforce (US), SAP (Germany), Cisco (US), Meta (US), HPE (US), Siemens (Germany), Huawei (China), NVIDIA (US), Baidu (China), SAS Institute (US), OpenAI (US), H2O.ai (US), iFLYTEK (China), Alibaba Cloud (China), General Vision (US), Darktrace (UK), Blackberry Limited (Canada), DiDi Global (China), Face++ (China), Inbenta (US), Anju Software (US), Butterfly Network (US), Atomwise (US), AIBrain (US), SK Hynix (South Korea), Progress (US), PrecisionHawk (US), AgEagle Aerial System (US), Neurala (US), Twitter (US), Aurea Software (US), Persado (US), 8×8 (US), Appier (Taiwan), GumGum (US), IPRO (US), Graphcore (UK), Preferred Networks (Japan), Applied Brain Research (Canada), Pilot AI (US), Iris Automation (US), Gamaya (Switzerland), ec2ce (Spain), Descartes Labs (US), Mythic (US), Ada (Canada), Mostly AI (Austria), Sentient.io (Singapore), Lumen5 (Canada), AI Superior (Germany), Fosfor (India), Intrinsic (US), Jasper (US), Soundful (US), Writesonic (US), One AI (Israel).
Recent Developments:
In May 2023, Google announced the launch of two new AI powered solutions named Target and Lead Identification Suite, and Multiomics Suite for the life sciences industry, aimed at expediting drug discovery and precision medicine for biotech companies, pharmaceutical firms, and public sector organizations.In May 2023, HPE announced an enhancement to its HPE Ezmeral Software platform. HPE Ezmeral Software expands the data and analytics capabilities of HPE GreenLake, extending from the edge to the cloud. It serves as the foundation for machine learning (ML) and artificial intelligence (AI) initiatives, providing the necessary infrastructure and tools for data processing and analysis.In April 2023, IBM unveiled its new security suite named IBM Security QRadar Suite, which is designed to unify and boost the security analyst experience throughout the whole incident lifecycle. The IBM Security QRadar Suite represents a significant evolution and expansion of the QRadar brand, encompassing all fundamental threat detection, investigation, and response capabilities. It has a single, updated user interface for all products that is integrated with cutting-edge AI and automation to enable analysts to work more quickly, effectively, and precisely across their main toolsets.In March 2023, Cisco has announced a number of new AI-powered innovations for its Webex collaboration platform. These innovations are designed to help organizations create more engaging and productive hybrid work experiences.In September 2022, SAP introduced recent improvements to the SAP SuccessFactors HXM Suite that bring together data, machine learning and artificial intelligence (AI) to provide organizations with a better understanding of the capabilities within their workforce.Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=74851580
Artificial Intelligence Market Advantages:
Automation of routine, repetitive operations is made possible by AI technologies, which boosts productivity and efficiency. AI systems can quickly and accurately analyse enormous amounts of data, which reduces human error and enables organisations to make quicker and more informed decisions.By examining client information and preferences, AI-powered systems may personalise customer experiences. Artificial intelligence-powered chatbots and virtual assistants can offer real-time assistance and support, increasing client satisfaction and engagement.By automating tasks, artificial intelligence (AI) technology can significantly reduce operating costs for businesses. Long-term cost advantages emerge from AI-powered systems’ ability to execute jobs that would otherwise require human resources.Organisations may make data-driven decisions with the aid of AI algorithms, which can analyse complex databases and extract insightful information. Predictive analytics driven by AI can discover anomalies, spot patterns, and forecast trends, allowing businesses to find opportunities and reduce risks.Artificial intelligence (AI) systems can accurately handle and analyse enormous volumes of data, removing human biases and errors. Data patterns and linkages that humans might find difficult to identify can be found by AI algorithms, producing findings that are more accurate and trustworthy.Without major infrastructure changes, AI systems can be quickly expanded to manage increasing demands. AI algorithms are suited for firms experiencing rapid expansion because they can adapt and handle greater datasets as data volume increases.AI promotes innovation by enabling the development of new products, services, and business models. Numerous industries, including healthcare, transportation, banking, and manufacturing, have benefited from AI advancements, creating new opportunities and fostering economic growth.Organisations can monitor operations, spot anomalies, and react swiftly to shifting conditions thanks to AI systems’ ability to analyse data in real-time. Real-time insights allow for proactive decision-making and can aid in mitigating risks or possible problems.Utilising AI technologies can provide businesses a competitive edge in the marketplace. Processes can be streamlined, operations can be improved, and businesses can produce better goods and services, giving them an edge over rivals.By examining fresh information and user feedback, AI algorithms may continually learn and advance over time. AI systems can adjust and improve their performance thanks to machine learning techniques like neural networks, which ensures they remain useful and efficient in changing contexts.Report Objectives
To define, describe, and predict the Artificial Intelligence Market by offering (hardware, software, and services), technology, business function, vertical, and region.To provide detailed information related to major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth.To analyze opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders.To forecast the market size of segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin AmericaTo profile key players and comprehensively analyze their market rankings and core competencies.To analyze competitive developments, such as partnerships, new product launches, and mergers and acquisitions, in the Artificial Intelligence (AI) marketTo analyze the impact of the recession in the Artificial Intelligence (AI) marketBrowse Adjacent Markets: Artificial Intelligence (AI) Market Research Reports & Consulting
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About MarketsandMarkets™ 
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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Artificial Intelligence

Department of Health – Abu Dhabi partners with MBZUAI and Core42 to launch Global AI Healthcare Academy

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ABU DHABI, UAE, May 13, 2024 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, signed a Memorandum of Understanding (MoU) with Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the leading AI research-based academic institution located in Abu Dhabi, and Core42, a G42 company offering AI solutions, during Abu Dhabi Global Healthcare Week (ADGHW). This MoU will launch the global AI Healthcare Academy to the health workforce. The MoU was signed by Dr. Rashed Obaid Al Suwaidi, Executive Director of Healthcare Workforce Planning Sector at DoH, Sultan Al Hajji, Vice President of Public Affairs and Alumni Relations at MBZUAI and Talal Al Kaissi, Executive Vice President, Chief Product and Global Partnership Officer at Core42.

 
 
Reinforcing Abu Dhabi’s position as a leading destination for healthcare and life sciences, the partnership seeks to establish a framework of collaboration to strengthen the Emirate’s position at the forefront of technology-enabled and data-driven healthcare systems. The new AI Healthcare Academy will help to build a global AI-trained workforce, which is capable of advancing diagnostic and operational efficiency, significantly improving patient care, and streamlining healthcare processes around the world.
Sultan Al Hajji, Vice President of Public Affairs and Alumni Relations at MBZUAI, said: “Healthcare is a key research pillar for MBZUAI, because we recognise the transformative and life-saving potential of AI across a wide range of diagnostic and treatment areas. In addition to our recent effort in establishing the Institute of Digital Public Health, we are proud to partner with The Department of Health – Abu Dhabi in launching the new AI Healthcare Academy. MBZUAI will provide the Academy our world-class faculty to facilitate AI workshops and training to upskill the healthcare workforce in support of the UAE leadership’s vision to become a global hub for AI and a centre for life sciences.”
Through leveraging advanced technologies and harnessing the power of AI, DoH seeks to upskill the health workforce, enhance local practices and contribute to broader medical research and treatment modalities worldwide. By embracing AI-driven technologies, healthcare professionals can stay at the forefront of innovation, fostering collaboration and knowledge exchange on a global scale.
By collaborating with MBZUAI through its Institute of Digital Public Health, the Academy will encompass ground-breaking research. These efforts will encourage public-private partnerships, fostering collaboration to secure ample funding and ensure ongoing sustainability, setting the academy for long-term success and supporting responsible and impactful innovation.
Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, Abu Dhabi Global Healthcare Week (ADGHW) is a major government initiative from DoH, taking place between 13 and 15 May 2024.
For more information please visit: https://www.adghw.com/
About Department of Health – Abu Dhabi (DoH):
The DoH is the regulatory body of the healthcare sector at the Emirate of Abu Dhabi and ensures excellence in healthcare by monitoring the health status of the population. DoH defines the strategy for the health system, monitors and analyses the health status of the population and performance of the system. In addition, DoH shapes the regulatory framework for the health system, inspects against regulations, enforce standards, and encourages adoption of world-class best practices and performance targets by all healthcare service providers in the Emirate. DoH also drives programmes to increase awareness and adoption of healthy living standards among the residents of the Emirate of Abu Dhabi in addition to regulating scope of services, premiums and reimbursement rates of the health system.
For further information on DoH, visit https://www.doh.gov.ae/ and follow on X, Instagram, Facebook, LinkedIn and YouTube.
About Mohamed bin Zayed University of Artificial Intelligence (MBZUAI)
MBZUAI is a graduate, research university focused on artificial intelligence, computer science, and digital technologies across industrial sectors. The university aims to empower students, businesses, and governments to advance artificial intelligence as a global force for positive progress. MBZUAI offers various graduate programs designed to pursue advanced, specialized knowledge and skills in artificial intelligence, including computer science, computer vision, machine learning, natural language processing, and robotics. For more information, please visit www.mbzuai.ac.ae.
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Vantiva Ships Over 125 Million Open-Source RDK Devices Globally

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Milestone includes RDK-Broadband and RDK-Video devices shipped to Network Service Providers across the world
PARIS, May 13, 2024 /PRNewswire/ — Vantiva (Euronext Paris: VANTI), a global technology leader enabling Network Service Providers (NSPs) to connect consumers worldwide, today announced that it has shipped more than 125 million RDK-based customer premise equipment (CPE) products since 2012, strengthening its market share as of 2024. RDK is a fully modular, portable and customizable open-source software solution that standardizes core functions used in video, broadband and Internet of Things (IoT) devices. Vantiva has been an active member of the RDK community since its inception, providing RDK solutions across IP, Hybrid and Quadrature Amplitude Modulation devices. In 2014, Vantiva contributed software that helped enable RDK to expand its applicability to broadband devices, meeting the demand of operators worldwide for greater technical commonality among suppliers.

 
“Vantiva has played a vital role in helping RDK become a driving force for innovation across broadband and video globally,” said Jason Briggs, President and General Manager of RDK. “Network Service Providers understand the benefits RDK provides in terms of versatility and software commonality, and the importance of having a proven CPE partner, like Vantiva, who can help them deliver at scale. We look forward to continuing to collaborate with Vantiva to extend the reach of RDK for many years to come.”  
RDK-Broadband (RDK-B) is an open platform for broadband devices that provides customers with an industry-leading standard of technology facilitating efficiencies in development cycles through collaborative industry contributions that drive lean business results. Operators can efficiently introduce a wider array of enhanced offerings, like parental controls or cybersecurity, while maintaining complete control over design, development, deployment and data management. RDK-Video (RDK-V) provides developers and operators with a unified software stack for set-top boxes (STBs) and home gateways across a broad range of complex video and management functions, including rendering, content, device management and networking.
“RDK has grown exponentially thanks to the leadership of RDK Management and to the more than 600 companies that contribute to the RDK community,” said Leopold Diouf, Senior Vice President of the product division at Vantiva. “By leveraging RDK as a platform, Vantiva delivers innovative software solutions to a globally diverse range of NSPs and multiple access technologies – DOCSIS, fiber and fixed wireless access. This approach provides our clients with the latest software advancements efficiently and effectively, empowering them to focus their efforts on new services that drive their businesses forward.”
All of Vantiva’s DOCSIS gateways ship with RDK-B as the default software stack. Vantiva’s RDK-V STBs are deployed with leading NSPs across the globe. 
Achieving more than 125 million RDK devices shipped is the latest strategic milestone in Vantiva’s ongoing commitment to providing open and innovative technologies for customers and operators around the world. Vantiva’s goal is to bring seamless connectivity and premium entertainment experiences to consumers by creating best-in-class CPE and partnering with the most innovative companies in the connected home ecosystem. 
ContactsVantiva Press Relations     [email protected]   
Thatcher+Co. for [email protected] 
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Ambient Intelligence Market Size to Grow USD 185.5 Billion by 2032 at a CAGR of 25.7% | Valuates Reports

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BANGALORE, India, May 13, 2024 /PRNewswire/ — Ambient Intelligence Market is Segmented By Component (Hardware, Software, Service), By Technology (Bluetooth Low Energy, RFID, Ambient Light Sensor, Software Agents, Affective Computing, Biometrics, Others), By End User (Residential, Retail, Healthcare, Office Building, Automotive, Others).

The Global Ambient Intelligence Market was valued at USD 19.2 Billion in 2022, and is projected to reach USD 185.5 Billion by 2032, growing at a CAGR of 25.7% from 2023 to 2032.
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Major Factors Driving the Growth of Ambient Intelligence Market:
The market for ambient intelligence is expanding rapidly thanks to a number of important considerations. The need for ambient intelligence solutions is primarily being driven by the growing integration of smart technology into common things, together with improvements in IoT (Internet of Things) and AI (Artificial Intelligence). Market expansion is further accelerated by the growing global adoption of smart home and smart city projects. Furthermore, the adoption of ambient intelligence systems is fueled by the increasing need for individualized user experiences and seamless connection across a variety of industries, including healthcare, retail, and automotive. Together, these elements are fueling the market for ambient intelligence, which is expected to revolutionize how humans interact with our surroundings.
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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL AMBIENT INTELLIGENCE MARKET: 
By redefining patient care and experience, ambient intelligence hardware combined with affective computing technology in the healthcare sector is driving the growth of the ambient intelligence market. With the use of affective computing, medical professionals may monitor mental health issues, gauge patient moods, and customize treatment regimens by analyzing physiological signs such as voice tonality and facial expressions. Hardware with ambient intelligence, including sensors and smart devices integrated into medical settings, makes data collecting and interpretation easier and improves patient involvement and professional decision-making. Affective computing and ambient intelligence together enhance healthcare outcomes and stimulate the market by encouraging creativity and efficiency in the provision of healthcare services.
The market for ambient intelligence is expanding due to the growing need for smart home automation solutions. By adding smart technologies that automate chores and adjust to their needs, homeowners want to improve comfort, convenience, and energy efficiency in their houses. Voice-activated assistants, lighting control systems, and smart thermostats are a few examples of ambient intelligence technologies that provide seamless automation and connection, spurring market growth and acceptance in the smart home space.
Ambient intelligence solutions are becoming more and more popular because of the need for individualized user experiences in a variety of industries, such as retail, healthcare, and entertainment. Ambient intelligence systems anticipate user wants, preferences, and behaviors by utilizing data analytics, machine learning, and context-aware computing. This allows them to provide customized experiences that increase user pleasure and engagement. This customized strategy increases market growth by cultivating brand distinction and consumer loyalty in addition to enhancing user experiences. The aging population and the rise in chronic illness rates have made ambient assisted living technologies more important, which has fueled the healthcare industry’s growth in the ambient intelligence market.
The market is expanding as a result of rising consumer adoption of ambient intelligence technologies and their advantages in everyday life. Customers are more likely to embrace ambient intelligence solutions in other areas of their lives when they see the efficiency, convenience, and personalization that these solutions provide in a variety of domains, such wearables, smart homes, and linked autos. Additionally, as smart gadgets and digital assistants proliferate, customers become more acquainted with ambient intelligence principles, which facilitates wider acceptance and market growth.
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AMBIENT INTELLIGENCE MARKET SHARE:
Due to a variety of factors, including the early adoption of modern technologies, the presence of several important companies in the ambient intelligence vendor market, and the significant digitization of different industries in the area, North America held the biggest market share for ambient intelligence in 2022.
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Key Companies:
Siemens AGHoneywell International IncBioIntelliSenseAccel RoboticsABB GroupJohnson ControlsNuance Communications, Inc.INFOSYS LIMITEDSchneider ElectricEyeris Technologies, Inc.Purchase Chapters: https://reports.valuates.com/request/chaptercost/ALLI-Auto-4W582/Ambient_Intelligence_Market
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