PUBLISHER: Grand View Research | PRODUCT CODE: 1553545
PUBLISHER: Grand View Research | PRODUCT CODE: 1553545
The applied AI service market size was estimated at USD 235.6 million in 2023 and is expected to register a CAGR of 26.2% from 2024 to 2030. The market is witnessing significant growth, driven by the rising adoption of AI solutions by companies seeking a competitive advantage. The growing recognition of AI's capabilities, coupled with the need for businesses to remain competitive, is likely to accelerate the integration of AI solutions into core business functions. As organizations seek to leverage AI for improved decision-making and automation, the demand for applied AI services is anticipated to surge, making it a critical area for future growth and innovation in the technology landscape. Across various industries, including healthcare, retail, finance, and manufacturing, AI is becoming increasingly influential.
Technological advancements are continually influencing the evolution of the Applied AI market. AI algorithms are growing more advanced, enabling them to manage increasingly complex tasks. The integration of AI with other emerging technologies, such as the Internet of Things (IoT) and blockchain, is creating new opportunities for innovation and automation. Cloud-based AI solutions are also on the rise, favored for their scalability and cost-effectiveness. Additionally, improvements in natural language processing and computer vision are enhancing AI systems' ability to understand and interact with humans, leading to better customer service and user experiences. These technological advancements are poised to drive further growth and innovation in the Applied AI market.
Global Applied AI Service Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global applied AI service market report based on component, deployment, technology, industry vertical, and region: