NEW YORK , Nov. 13, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global artificial intelligence market size is estimated to grow by USD 41.02 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 30.9% during the forecast period. Rise in adoption of cloud-based applications and services is driving market growth, with a trend towards increasing digitalization and internet penetration.
However, lack of skilled professionals poses a challenge.Key market players include Accenture Plc, Adobe Inc., Alphabet Inc.
, Amazon.com Inc., Appier Group Inc.
, CognitiveScale, GUMGUM Inc., InsideSales, Intel Corp., International Business Machines Corp.
, Meta Platforms Inc., Microsoft Corp., NVIDIA Corp.
, Oculus360, Oracle Corp., Persado Holdings plc, Salesforce Inc., Samsung Electronics Co.
Ltd., and SAP SE. AI-Powered Market Evolution Insights.
Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The digitalization trend is driving the global economy forward by collecting, organizing, and enhancing data for innovative uses. With over 5 billion internet users worldwide, representing 63% of the global population, and 4.65 billion social media users, the availability of vast user data is a significant market opportunity.
In the US, there were 298.8 million internet users in January 2021 , a 3.7% increase from 2020.
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