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

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artificial-intelligence-market-worth-$1,345.2-billion-by-2030-–-exclusive-report-by-marketsandmarkets™

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
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=74851580
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
Related Reports:
Embedded AI Market – Global Forecast to 2028
AI as a Service Market – Global Forecast to 2028
Generative AI Market – Global Forecast to 2028
Synthetic Data Generation Market – Global Forecast to 2028
Text to Video AI Market – Global Forecast to 2027
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.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Insight: https://www.marketsandmarkets.com/ResearchInsight/artificial-intelligence-market.aspVisit Our Website: https://www.marketsandmarkets.com/Content Source: https://www.marketsandmarkets.com/PressReleases/artificial-intelligence.asp
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Artificial Intelligence

Goodix Unveils New Ultrasonic Fingerprint Solution with vivo Flagship to Foster Widespread Adoption

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Goodix ultrasonic fingerprint sensor utilizes a proprietary CMOS sensor architecture and wafer-level acoustic processing to enhance accurate and fast authentication.The solution features an efficient design, easy integration, optimized processes, and cost effectiveness to drive the widespread commercial adoption of ultrasonic fingerprint technology.SHENZHEN, China, May 13, 2024 /PRNewswire/ — Goodix Technology announced today that its proprietary ultrasonic fingerprint solution makes its debut in the newly launched vivo X100 Ultra. This innovative solution features a unique architecture and proprietary algorithms that provide a seamless and secure unlocking experience for mobile devices. In collaboration with vivo, the solution achieves its first large-scale commercialization, marking a significant milestone in the widespread adoption of ultrasonic fingerprint technology.

As an industry pioneer in in-display fingerprint technology, Goodix keeps evolving in alignment with the latest display technical trends to elevate the authentication experience. Leveraging its proprietary CMOS sensor architecture and wafer-level acoustic processing, Goodix’s new ultrasonic fingerprint solution offers a higher signal-to-noise ratio (SNR), enabling clearer fingerprint images and fast recognition, even with wet or oily fingers. By acoustically sensing the unique features of users’ fingerprints, such as ridges and valleys, the solution significantly enhances the security of the authentication process.
The solution utilizes a low-voltage driving system to effectively reduce power consumption and simplifies hardware design to facilitate easier integration for mobile manufacturers. With its ultra-thin chip module, the solution delivers more design flexibility by providing additional space for key mobile components and allowing for a flexible unlocking area design to enhance user comfort.
In line with the mission of enriching lives through innovation, Goodix is dedicated to advancing the global adoption of ultrasonic fingerprints by optimizing supply chain processes, enhancing production efficiency and reliability, and reducing costs. Boasting a comprehensive lineup that includes capacitive fingerprint, optical in-display fingerprint, and ultrasonic fingerprint sensors, Goodix can now empower customers with a complete range of cutting-edge solutions that lead the industry.
“The surging demand for ultrasonic fingerprint sensors in mobile authentication is driven by the rapid evolution of the latest pol-less display technology,” emphasized Ms. Sandy Hu, President of Goodix. “Our dedication to customer-centric innovation, along with the utilization of our newly patented solutions, enables us to propel the progress and commercial scaling of ultrasonic fingerprint technology, ultimately enhancing the global mobile experience with greater intelligence and security.”
Moreover, vivo X100 Ultra and X100s series also feature an array of Goodix’s innovative solutions, including smart audio amplifiers, audio software, optical in-display fingerprint sensors and AMOLED touch solutions, offering users an unparalleled touch and audio experience. 
For more information, please visit Goodix website

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eGRC Market worth $34.5 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, May 13, 2024 /PRNewswire/ — Deeper AI and machine learning integration for predictive analytics, the simplification of compliance activities, and improved cybersecurity risk management are where eGRC’s future lies. The market will remain dominated by cloud-based solutions because they provide scalable and intuitive user interfaces for thorough risk assessment and management in a variety of regulatory environments.

The eGRC Market size is projected to grow from USD 18.3 billion in 2024 to USD 34.5 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “eGRC Market”645 – Tables 61 – Figures412 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1310
Scope of the Report
Report Metrics
Details
Market size available for years 
2018-2029
Base year considered 
2023
Forecast period 
2024–2029
Forecast units 
Value (USD Million/USD Billion) 
Segments Covered 
Offering, Deployment Mode, Organization Size, Solution Usage, Business Function, Vertical, and Region
Geographies covered 
North America, Europe, Asia Pacific, Middle East & Africa and Latin America
Companies covered 
Major vendors in the eGRC market include IBM (US), Microsoft (US), Oracle (US), SAP (Germany), SAS Institute (US), ServiceNow (US), Thomson Reuters (Canada), FIS (US), Wolters Kluwer (Netherlands), LexisNexis (US), Mphasis (India), MetricStream (US), Riskonnect (US), Navex Global (US), OneTrust (US), Mega International (France), LogicManager (US), Acuity Risk Management (UK), C&F SA (Poland), Allgress (US),  GlobalSuite Solutions (Spain), Onspring (US), Optimiso (US), Oxial (Switzerland), ReadiNow (Australia), SureCloud (UK), StandardFusion (Canada), Comensure (US), Dynamic GRC (Singapore), LogicGate (US), VComply (US), and SmartSuite (US).
The key driver for adopting eGRC solutions is an increase in stringent regulations, such as the EU AI Act, that aims to establish a comprehensive regulatory framework for AI and impact how organizations manage GRC with AI technology integrations. Organizations need to assess their AI models, understand the implications of the EU AI Act, and prepare for the changes it will bring to create a more secure and trustworthy AI environment. By aligning with the regulations of the EU AI Act, businesses can navigate the regulatory landscape effectively and leverage AI technology while safeguarding against risks and ensuring compliance with the updated rules.
Based on the offering, the solutions segment accounts for the highest market size during the forecast period.
The adoption of eGRC solutions has surged as organizations must manage complex regulatory requirements and mitigate diverse risks. These solutions provide a centralized platform to streamline governance processes, automate compliance tasks, and enhance risk visibility across the enterprise. Effective eGRC solution encompasses thorough data integration, advanced analytics, real-time monitoring, and strategic utilization of emerging technologies. These features provide organizations with the necessary resources for managing the intricate landscape of eGRC. Some companies offer dedicated eGRC solutions, such as compliance, risk, and audit management. These solutions are developed to cater to the specific needs of the BFSI, healthcare, IT & ITeS, government, and other verticals. Companies offering eGRC solutions include IBM LogicManager, MetricStream, Software AG, Wolters Kluwer, Diligent, IdeaGen, and SAI Global.
By deployment mode, the cloud segment will grow at the highest CAGR during the forecasted period.
Small and Medium-sized enterprises (SMEs) are increasingly adopting eGRC solutions deployed in the cloud due to several advantages. Cloud deployment offers scalability, flexibility, and cost-effectiveness, making it accessible to businesses without hefty upfront investments. These solutions streamline governance processes, enhance risk visibility, and simplify compliance management. With intuitive interfaces and subscription-based pricing models, eGRC cloud solutions empower SMEs to navigate regulatory landscapes while optimizing resource utilization efficiently.
By region, Europe is to grow at the highest CAGR during the forecast period.
Europe is expected to register high growth rates in the eGRC market. Emerging European markets, such as the UK, Germany, France, Italy, and Ireland, are expected to offer significant growth opportunities for the eGRC market. Increasing regulations and compliances, political uncertainty, unpredictable business environment, rise in network crimes, and advanced cyber and bot attacks have favored the growth of the eGRC market in the region, as it is helping the organizations effectively work on GRC programs.
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Top Companies in eGRC Market
IBM (US), Microsoft (US), Oracle (US), SAP (Germany), SAS Institute (US), ServiceNow (US), Thomson Reuters (Canada), FIS (US), Wolters Kluwer (Netherlands), LexisNexis (US), Mphasis (India), MetricStream (US), Riskonnect (US), Navex Global (US), OneTrust (US), Mega International (France), LogicManager (US), Acuity Risk Management (UK), C&F SA (Poland), Allgress (US),  GlobalSuite Solutions (Spain), Onspring (US), Optimiso (US), Oxial (Switzerland), ReadiNow (Australia), SureCloud (UK), StandardFusion (Canada), Comensure (US), Dynamic GRC (Singapore), LogicGate (US), VComply (US), and SmartSuite (US) are the key players and other players in the eGRC market.
Recent Development
In January 2024, Microsoft and Cognite extended their partnership to build an industrial data operations platform on Microsoft Fabric and Azure OpenAI Service. Integrated with Microsoft Purview, Fabric offers unified data governance tools, simplifying data management, monitoring, and security across diverse applications and platforms.In September 2023, the SAS Institute will deepen its collaboration with Microsoft to assist banks in effectively handling liquidity and interest rate risks. Their Asset and Liability Management (ALM) platform, fueled by Kamakura Risk Manager on Microsoft Azure, enables comprehensive risk management, capital allocation, and balance sheet optimization through multi-period, scenario-based simulation and valuation.In June 2022, Oracle updated its Governance, Risk, and Compliance Controls (GRCC). It provides a platform where two components run: Application Access Controls Governor (AACG). These components regulate access to duties assigned in business-management applications, such as Oracle E-Business Suite and PeopleSoft, and Enterprise Transaction Controls Governor (ETCG), which identifies business-application transactions posing an unacceptable risk.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1310
eGRC Market Advantages
By automating compliance processes, eGRC systems minimize errors and manual labor. This saves time and money by streamlining regulatory compliance procedures and guaranteeing conformity to norms and laws.Businesses can detect, evaluate, and manage risks in a comprehensive manner by using eGRC platforms, which offer a centralized view of hazards across the enterprise. This all-encompassing strategy strengthens decision-making and increases resistance to new challenges.eGRC solutions increase productivity and efficiency by combining separate governance, risk, and compliance processes into a single platform. Workflows can be streamlined, stakeholder participation can be facilitated, and tasks can be prioritized according to how they will affect corporate goals.eGRC solutions provide insights into risk exposure and compliance status through real-time monitoring and reporting capabilities. Proactive risk management, prompt decision-making, and successful stakeholder communication are made possible by this.By automating tedious operations, allocating resources optimally, and lowering the possibility of non-compliance fines, eGRC solutions assist in lowering compliance expenses. Organizations can save money over time by improving operational effectiveness and reducing risks.Scalability and adaptability are features that cloud-based eGRC platforms provide, enabling enterprises to adjust to shifting business needs and regulatory landscapes. Cloud deployments improve agility and resilience by facilitating quick implementation, smooth upgrades, and remote access to eGRC functions.Report Objectives
To describe and forecast the eGRC market by offering, deployment mode, organization size, solution usage, business function, vertical, and region from 2024 to 2029, and analyze the various macroeconomic and microeconomic factors that affect market growthTo analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall marketTo provide detailed information regarding major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the marketTo analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for the major playersTo profile the key market players; provide a comparative analysis based on the business overviews, regional presence, product offerings, business strategies, and critical financials; and illustrate the market’s competitive landscape.To track and analyze the competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and research development (R&D) activities, in the marketBrowse Adjacent Markets: Information Security Market Research Reports & Consulting 
Related Reports:
Identity Threat Detection and Response (ITDR) Market – Global Forecast to 2029
Physical Security Information Management (PSIM) Market – Global Forecast to 2029
Operational Technology (OT) Security Market – Global Forecast to 2029
Perimeter Security Market – Global Forecast to 2029
Self-Sovereign Identity (SSI) Market – Global Forecast to 2029
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
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.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
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.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Insight: https://www.marketsandmarkets.com/ResearchInsight/enterprise-governance-risk-compliance-market.aspVisit Our Website: https://www.marketsandmarkets.com/Content Source: https://www.marketsandmarkets.com/PressReleases/enterprise-governance-risk-compliance.asp
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Breakthroughs in AI Chips and Image Recognition Propel Market Growth and Business Enhancements

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USA News Group CommentaryIssued on behalf of Scope AI Corp.
VANCOUVER, BC, May 13, 2024 /PRNewswire/ — USA News Group – The race to improve artificial intelligence (AI) is accelerating at breakneck speed, with China recently unveiling a new photon-powered neural network microchip that can run on a thousandth as much energy as common electron-powered chips. According to analysts at DataHorizzon Research the AI Chip Market is set for explosive growth of over 40.6% CAGR through to 2032. As new chips improve, so too do the ways we use the chips to enhance businesses through AI-powered deep machine learning and neural networks. In one aspect that’s consistently improving is AI-powered image recognition, which Research and Markets projects to grow at a CAGR of 16.1% towards US$98.6 billion by 2029. This portion of the AI revolution is being rapidly implemented and improved by developers including Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), Ambarella, Inc. (NASDAQ: AMBA), Ceva, Inc. (NASDAQ: CEVA), Himax Technologies, Inc. (NASDAQ: HIMX), and Autodesk, Inc. (NASDAQ: ADSK).

As the capabilities of deep machine learning expand across various industries, Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) has rebranded and broadened its market reach. The company now targets sectors such as advertising, gaming, and neural networks with its proprietary technology, GEM (General Enterprise Machine Learning). This advanced platform enables businesses to develop their own object detection and visual information systems, leveraging the power of complete neural networks. By integrating object visual recognition, Scope AI is enhancing the ability of companies to personalize ad content, create immersive gaming experiences, and utilize neural networks for diverse applications.
Recently, Scope announced new updates to GEM, enhancing its functionality for advertising firms to tailor ad content more effectively, enabling the gaming industry to offer more personalized gameplay experiences, and utilizing the power of neural networks for advanced applications. These updates significantly boost the platform’s utility in object visual recognition, allowing businesses to gain deeper insights and deliver more precise solutions. By leveraging advanced object detection and visual information systems, advertisers can better analyze consumer behavior and optimize campaigns, while game developers can create richer, more engaging user experiences.
“We’re very pleased at how seamless we were able to streamline, enhance, and strengthen our platform with the latest performance and security upgrades made to our infrastructure,” said Sean Prescott, Founder and Non-Executive Chairman of Scope. “The next generation of our platform will set us apart in what kind of data and its sensitivity we can process and store. It’s a potential game-changer for the industry.”
GEM comes with an intuitive web-interface, a developer, detail user, entrepreneur or full-on enterprise could easily set up an object detection system to run advanced data inference, or build a completely new, never before seen neural network model in real-time.
Scope AI is optimistic that GEM’s latest updates can significantly advance the advertising and gaming industries by offering new insights and capabilities. For advertising, Scope explains that GEM’s visual recognition technology allows advertisers to create highly targeted and engaging ads. This approach not only maximizes return on ad spend but also drives customer engagement to new heights.
In the gaming sector, Scope believes GEM can significantly enhance user experiences by customizing gameplay and recommendations through neural network analysis of player behavior. GEM provides developers with crucial insights aimed at optimizing game design, increasing user retention, and maximizing revenue potential.
Looking to further empower AI developers, Ambarella, Inc. (NASDAQ: AMBA) announced its leading-edge CooperTM Developer Platform earlier this year. The platform was designed to offer seamless integration of software, hardware, state-of-the-art fine-tuned AI models, and services that provide universal support for Ambarella’s entire portfolio of AI systems-on-chip (SoCs).
“Developers creating products based on the latest AI technologies are faced with the daunting challenge of integrating multiple software tools while deploying on diverse hardware platforms,” said Fermi Wang, President and CEO of Ambarella. “Our new unified, robust and scalable Cooper Developer Platform allows designers to easily take full advantage of our SoCs’ industry-leading AI performance per watt, via intuitive and comprehensive tools that abstract the hardware and enable them to focus on product innovation across multiple markets and applications.”
Through April, Ambarella continued expanding its AI SoC portfolio, adding the CV75S family of 5nm chips, which the company claims offers the most cost- and power-efficient SoC option for running the latest AI-based image processing like vision language models (VLMs) and vision transformer networks in security, robotics, conferencing, and sports cameras.
Aiding in enhancing the connectivity required for smooth implementation of AI platforms is Ceva, Inc. (NASDAQ: CEVA), which recently launched a family of multi-protocol IP for edge AI and the Internet of Things (IoT) with a 22nm radio configuration. Named the Ceva-Waves Links, the new family of multi-protocol IP supports WiFi6, Bluetooth, and Ultra-Widband (UWB) features optimized co-existence schemes and are adapted to various radios and configurations.
Earlier this year, Ceva also expanded its AI ecosystem for its class-leading NeuPro-M NPU IP with the addition of two new partnerships targeting automotive and vision-based Edge AI applications.
“I would like to extend a warm welcome to Visionary.ai and ENOT.ai, who join the ecosystem of partners that support our Smart Edge customer base,” said Ran Snir, Vice President and General Manager of the Vision Business Unit at Ceva. “These partners are bringing new levels of innovation to solve complex challenges using AI, and illustrate the value proposition of our NeuPro-M NPU to enable scalable AI workloads on-device with highest power efficiency.”
Display driver and other semiconductors products suppliers Himax Technologies, Inc. (NASDAQ: HIMX) recently announced a collaboration with E Ink Holdings Inc., a pioneer and distinguished leader in ePaper technology, to introduce a revolutionary ultralow power battery-operated smart retail solution. In the realm of smart signage, Himax WiseEye AI is now revolutionizing e-signage by incorporating E Ink’s Kaleido display and offering a versatile suite of always-on sensing AI capabilities, including human presence and individual detection.
“The partnership between Himax and E Ink marks a significant evolution from our years of collaboration in the e-reader industry, now venturing into the domain of e-signage and ESL,” said Mark Chen, Vice President of Smart Sensing business at Himax. “Leveraging E Ink’s versatile ePaper technologies and extensive industry reach, combined with Himax’s robust AI and ultralow power expertise, our goal is to redefine the possibilities of next-generation e-signage and ESL products, envisioning enhanced precision, privacy, and versatility.”
Used by designers and architects, a platform built by 3D software company Autodesk, Inc. (NASDAQ: ADSK) recently demonstrated the capabilities of an ambitious generative AI project called Project Bernini, a text-to-3D tool. Project Bernini can create 3D images from a variety of input types including a text prompt, a single 2D image, multiple images and/or point clouds.
In late April, Autodesk also announced an interoperability agreement with Nemetschek Group to improve open collaboration and efficiencies for the architecture, engineering, construction and operations (AECO) and media and entertainment (M&E) industries. The duo will work together to enhance existing interoperability between each company’s industry cloud and desktop products and to improve the fluent exchange of information across solutions.
“Autodesk is firmly committed to building open, integrated, cloud-powered solutions for our customers that unlock data and connect project teams,” said Amy Bunszel, Executive Vice President, Architecture, Engineering and Construction Solutions at Autodesk. “Extending Autodesk’s cloud and desktop solutions with Nemetschek interoperability is a huge step towards optimizing our customers’ workflows and helping them generate better project outcomes.”
Article Source: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/ 
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