Press release
Causal AI Global Market Report 2024 - By Demand, Size, Share, Drivers, Forecast To 2033
Causal AI Market
The Business Research Company presents an extensive market research report on the Causal AI Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The causal ai market size has grown exponentially in recent years. It will grow from $9.01 billion in 2023 to $13.58 billion in 2024 at a compound annual growth rate (CAGR) of 50.7%. The growth in the historic period can be attributed to agricultural practices evolution, oil degradation awareness, growing population, advancements in agriculture technology, micronutrient deficiency awareness.
The causal ai market size is expected to see exponential growth in the next few years. It will grow to $68.36 billion in 2028 at a compound annual growth rate (CAGR) of 49.8%. The growth in the forecast period can be attributed to sustainable agriculture practices, climate change effects, increasing demand for organic farming, government subsidies and regulations, technological innovations in micronutrient delivery. Major trends in the forecast period include changing dietary preferences, research and development in micronutrient formulations, expansion of the aquaculture industry, rising demand for biofortified crops, globalization of agriculture markets.
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Key Market Players:
Major companies operating in the causal ai market report are Apple Inc. , Google LLC, Microsoft Corporation, Alibaba Group Holding Limited, Facebook Inc., Huawei Technologies Co. Ltd., Amazon Web Services Inc., Intel Corporation, The International Business Machines Corporation, Adobe Inc., Cognizant, Dynatrace Inc., DataRobot Inc., Logility Inc., CausaLens, Modzy, Nexosis Inc., Infinite Analytics, Incrmntal, Parabole.ai
Market Drivers:
The rise in demand for AI technologies is expected to propel the growth of the casual AI market going forward. AI technologies refer to a broad range of technologies and tools that leverage artificial intelligence (AI) to perform tasks that traditionally require human intelligence. Integrating AI technologies increases the demand for causal AI for offering solutions that enhance productivity, decision-making, and overall business performance. As AI capabilities advance, industries are likely to find new ways to leverage these technologies for innovation and competitive advantage. For instance, according to the US Bureau of Labor Statistics, jobs for software developers focused on conversational AI are expected to grow 21% between 2020-2030. Therefore, the rise in demand for AI technologies is driving the growth of the casual AI market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/causal-ai-global-market-report
The causal ai market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment Platforms: Cloud, On-premises
3) By Vertical: Healthcare And Life Sciences, Banking, Financial Services And Insurance (BFSI), Retail And eCommerce, Transportation And Logistics, Manufacturing, Other Verticals
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