Ohio, Aug. 03, 2023 (GLOBE NEWSWIRE) — The Global Automotive Artificial Intelligence Market reached USD 2.2 billion in 2023 and is expected to reach USD 14.3 billion by 2030 and is expected to grow with a CAGR of 26.4% during the forecast period 2023-2030.
The increasing desire for improved user experiences and added convenience features has led to a surge in demand for premium vehicles. This trend is evident in the Global market for luxury cars, which reached a substantial value of USD 553.85 billion in 2018. Furthermore, the rapid advancements in autonomous vehicle technology have been a driving force behind the growth of the global automotive AI market.
Globally, the major players in the Automotive Artificial Intelligence Market include Carvi, German AutoLabs, Raven, Argo AI Tractable, Deepscale, Cisco, Waymo, Microsoft Azure and Nvidia.
DataM Intelligence’s Global Automotive Artificial Intelligence Market report provides insights on the current and forecast market analysis, individual leading Automotive Artificial Intelligence companies’ market shares, challenges, Automotive Artificial Intelligence market drivers, barriers, trends, opportunities and key market Automotive Artificial Intelligence companies in the market.
Get a sneak peek at the Automotive Artificial Intelligence Market dynamics for a better understanding.
|Size Available for Years||2021-2030|
|Data Availability||Value (US$)|
|Segments Covered||Type, Application, End-User and Region|
|Regions Covered||North America, Europe, Asia-Pacific, South America and Middle East & Africa|
|Fastest Growing Region||Asia-Pacific|
|Largest Region||North America|
|Report Insights Covered||Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights.|
Global Automotive Artificial Intelligence Market Trends
As per DataM estimates, North America is anticipated to hold the largest share of the global Automotive Artificial Intelligence market during the forecast period.
- The AI application in the automotive industry has significantly expanded in recent years, covering areas like manufacturing, driver assistance and autonomous vehicle development.
- The global automotive AI market is experiencing growth due to the increasing demand for autonomous vehicles, despite the challenge of rising cybercrimes hindering its progress. Tech giants’ substantial investments in R&D have also contributed to the industry’s reliance on AI.
- The AI Driving Features segment holds the largest revenue share in the market, with Google and Tesla being the leading companies in this segment.
- Asia, particularly South Korea, Japan, China, and India, is expected to exhibit the fastest compound annual growth rate (CAGR) during the forecast period, owing to its strong technological capabilities.
- Currently, North America dominates the automotive AI market with the largest market share.
To read more about the latest highlights related to the Automotive Artificial Intelligence market and get a snapshot of the key insights and highlights entailed in the Global Automotive Artificial Intelligence Market Report, Download the Sample here.
North America Dominates the Automotive Artificial Intelligence Market
North America holds the largest market share in the automotive AI industry, primarily attributed due to the rapid advancements in autonomous vehicle technology and stringent government regulations focused on road safety. Notably, in 2016, the United States government invested over USD 4 billion to promote the adoption of autonomous vehicles nationwide.
Conversely, Asia is expected to showcase the fastest Compound Annual Growth Rate (CAGR) during the forecast period. This is a result of the strong technological capabilities possessed by countries such as South Korea, Japan, China and India. Major technology leaders in the market are investing in these countries due to their potential for growth and innovation.
To know more about why North America is leading the market growth in the Automotive Artificial Intelligence market, get a snapshot of the market here.
Automotive Artificial Intelligence Market Challenges
The market growth is expected to face restraint due to the increasing threat of hackers and the rise in cybercrimes. An illustrative incident occurred in 2015 when Fiat Chrysler had to recall 1.4 million affected vehicles in the US after security researchers demonstrated that one of its cars could be hacked, raising safety concerns.
Furthermore, there have been instances of casualties caused by self-driving cars, such as a pedestrian being killed by an Uber self-driving car prototype in Arizona in March 2018. Uber’s self-driving software failed to take action despite detecting the pedestrian, highlighting the risks associated with autonomous systems.
However, the automotive industry’s exponential growth in research and development has led to improvements, making such loopholes and system failures rare occurrences.
A paper published by MIT on January 25, 2019, identified instances where autonomous systems learned from training examples that did not align with real-world scenarios, indicating efforts to address these challenges and improve system safety.
Know the competitive analysis among the key players of the Automotive Artificial Intelligence Market as they are set to emerge as trendsetters in the industry.
Table of Contents
|1||Report Methodology and Scope|
|2||Report Definition and Overview|
|7||Automotive Artificial Intelligence Market Segments and Region|
|8||Global Company Share Analysis – 10 Key Companies|
|9||Automotive Artificial Intelligence Market Company and Product Profiles|
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DUBAI, UAE, Oct. 3, 2023 /PRNewswire/ — As per the latest report published by Kings Research, the global Healthcare Analytics Market size was recorded at USD 24.45 billion in 2022 and is estimated to grow to USD 139.34 billion by 2030, exhibiting a CAGR of 23.31% over the forecast period of 2023- 2030. The healthcare industry has embraced analytics to address the challenges of inadequate patient care, rising treatment costs, and low levels of patient engagement and retention. By leveraging healthcare analytics, the industry aims to improve patient care and operational efficiency, which is fueling market expansion.
Healthcare analytics leverages extensive data collection to provide organizations with practical insights, enabling them to make informed decisions in real-time. Through analytical methodologies, these insights facilitate improved planning, management, measurement, and learning. Furthermore, healthcare institutions around the globe are prioritizing cost reduction, enhancing care team coordination, and elevating patient care. Moreover, newer market entrants are introducing innovative healthcare delivery approaches, intensifying market competition. Consequently, healthcare analytics systems primarily concentrate on big data, offering potential benefits such as cost reduction, enhanced efficiency, and better patient treatment.
Explore more about this report – Request for Sample and Scope of the Study @ https://www.kingsresearch.com/request-sample/healthcare-analytics-market-185
Key participants in the global healthcare analytics market are emphasizing acquisitions as a primary approach for expanding their businesses. For instance, in June 2022, Oracle Corporation took over Cerner Corporation intending to integrate Cerner’s clinical abilities with its own expertise in enterprise platform analytics and automation.
Leading companies in the global healthcare analytics market include:
Optum, Inc.Wipro LimitedAllscripts Healthcare, LLCCerner CorporationHealth CatalystInovalonMcKesson CorporationIBMMEDEANALYTICS, INC.GENERAL ELECTRICHave an Inquiry? Get in Touch with us @ https://www.kingsresearch.com/enquiry/healthcare-analytics-market-185
Trending Now: Mayo Clinic and Google Cloud Collaborate on AI for Healthcare Data
Google Cloud and Mayo Clinic have joined forces to implement generative artificial intelligence (AI) in the field of healthcare. This collaboration aims to empower clinicians and researchers to swiftly and naturally access information, as stated in a press release dated 7th June 2023.
In the same release, Google Cloud announced that the tool to be utilized in this endeavor, the Enterprise Search in Generative AI App Builder, had become HIPAA compliant. Thomas Kurian, CEO of Google Cloud, stated, “Generative AI has the potential to revolutionize healthcare by enhancing human interactions and streamlining operations like never before. Mayo Clinic is a global leader in harnessing AI for the greater good, and they are a crucial partner in responsibly introducing this transformative technology to healthcare.”
The press release also noted that Mayo Clinic has previously collaborated with Google Cloud to implement analytics, AI, and machine learning (ML) solutions in healthcare.
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Growing Demand for Descriptive Analysis to Spur Market Development
In terms of type, the healthcare analytics market is categorized into predictive analytics, prescriptive analytics, and descriptive analytics.
The descriptive analysis segment is anticipated to dominate the market through the projected timeframe. This growth is primarily attributable to the surging demand for descriptive analysis, which relies on historical patterns to obtain data-driven insights that can enhance the healthcare system’s management, benefiting both organizations and patients.
On Premise Solutions Garner Attention for Their Superior Accessibility in Remote Zones
On the basis of the delivery model, the global healthcare analytics industry is divided into on cloud and on premise.
The on premise segment is leading the market, propelled by its superior accessibility in remote areas. Furthermore, their lower maintenance and operation costs are driving the growth of the segment.
Purchase this Premium Research Report: https://www.kingsresearch.com/buy-now/185
Rising EHR Adoption to Drive Healthcare Analytics Market Expansion
The widespread use of electronic health records (EHR) has led to a substantial increase in the availability of data for analysis in the healthcare industry. As more healthcare professionals transition from traditional paper-based systems to EHR, a huge volume of data becomes accessible. This presents a unique opportunity to obtain valuable insights and enhance patient care. Consequently, the healthcare analytics market has experienced considerable growth in recent times.
The implementation of EHR has brought about greater operational efficiency and cost savings in healthcare organizations. With the ability to access and analyze real-time data, healthcare providers can identify trends, patterns, and areas for improvement in their workflows and procedures. This not only enhances their productivity but also helps them make informed decisions for better patient care. Moreover, integrating healthcare analytics into clinical decision support systems empowers practitioners to make evidence-based decisions, ultimately leading to enhanced patient outcomes. This widespread adoption of EHR and analytics has revolutionized the healthcare industry, ushering in a more data-driven and patient-centric approach to care.
North America to Lead Market Due to Advanced Healthcare Infrastructure
North America is poised to lead the global healthcare analytics market in the upcoming years due to its advanced healthcare infrastructure, robust technology, and data integration capabilities. This facilitates informed decision-making, enhances patient outcomes, and fosters healthcare innovation. Moreover, the region’s emphasis on R&D activities attracts industry leaders, solidifying its market dominance.
For more information on the report, visit: https://www.kingsresearch.com/healthcare-analytics-market-185
Key Points from TOC:
Chapter 1 Introduction of the Global Healthcare Analytics Market
1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
Chapter 2 Executive Summary
Chapter 3 Research Methodology
3.1 Data Collection
3.1.1 Secondary Sources
3.1.2 Primary Sources
3.1.3 Research Flow
3.2 Subject Matter Expert Advice
3.3 Quality Check
3.4 Final Review
3.5 Bottom-Up Approach
3.6 Top-down Approach
Chapter 4 Global Healthcare Analytics Market Outlook
4.1 Market Evolution
4.3 Market Dynamics
4.4 Pricing Analysis
4.5 Porter’s Five Forces Analysis
4.6 Value Chain Analysis
4.7 Macroeconomic Analysis
Chapter 5 Impact of Russia-Ukraine War
Chapter 6 Global Healthcare Analytics Market, By Type
Chapter 7 Global Healthcare Analytics Market, By Component
Chapter 8 Global Healthcare Analytics Market, By Delivery Model
Chapter 9 Global Healthcare Analytics Market, By Application
Chapter 10 Global Healthcare Analytics Market, By End User
Chapter 11 Global Healthcare Analytics Market, By Geography
Chapter 12 North America
Chapter 13 Europe
Chapter 14 Asia Pacific
Chapter 15 Middle East & Africa
Chapter 16 Latin America
Chapter 17 Global Healthcare Analytics Market Competitive Landscape
17.2 Key Developments
17.3 Key Strategic Developments
17.4 Company Market Ranking
17.5 Regional Footprint
17.6 Industry Footprint
Chapter 18 Company Profiles
18.1 Optum, Inc.
18.1.1 Key Facts
18.1.2 Financial Overview
18.1.3 Product Benchmarking
18.1.4 Recent Developments
18.1.5 Winning Imperatives
18.1.6 Current Focus & Strategies
18.1.7 Threat from competition
18.1.8 SWOT Analysis
18.2 Wipro Limited
18.2.1 Key Facts
18.2.2 Financial Overview
18.2.3 Product Benchmarking
18.2.4 Recent Developments
18.2.5 Winning Imperatives
18.2.6 Current Focus & Strategies
18.2.7 Threat from competition
18.2.8 SWOT Analysis
18.3 Allscripts Healthcare, LLC
18.3.1 Key Facts
18.3.2 Financial Overview
18.3.3 Product Benchmarking
18.3.4 Recent Developments
18.3.5 Winning Imperatives
18.3.6 Current Focus & Strategies
18.3.7 Threat from competition
18.3.8 SWOT Analysis
18.4 Cerner Corporation
18.4.1 Key Facts
18.4.2 Financial Overview
18.4.3 Product Benchmarking
18.4.4 Recent Developments
18.4.5 Winning Imperatives
18.4.6 Current Focus & Strategies
18.4.7 Threat from competition
18.4.8 SWOT Analysis
18.5 Health Catalyst
18.5.1 Key Facts
18.5.2 Financial Overview
18.5.3 Product Benchmarking
18.5.4 Recent Developments
18.5.5 Winning Imperatives
18.5.6 Current Focus & Strategies
18.5.7 Threat from competition
18.5.8 SWOT Analysis
Browse Complete TOC: https://www.kingsresearch.com/toc/healthcare-analytics-market-185
Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.
Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.
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For assets from “The Hard Rock Messi Kids Menu” launch event, please see images and b-roll here. For the full release, visit https://news.hardrock.com/.
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Browse in-depth TOC on “Cloud ERP Market”
202 – Pages
126 – Tables
37 – Figures
Global Cloud ERP Market: Transformative Growth Fueled by Digital Shift and Construction Industry Adoption
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