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Global Cloud Artificial Intelligence (AI) Solutions Market 2024 Technology Scouting, Industry Insights, Business Outlook And Key Players Analysis Till 2033
Cloud Artificial Intelligence (AI) Solutions Market
The Business Research Company presents an extensive market research report on the Cloud Artificial Intelligence (AI) Solutions 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 cloud artificial intelligence (AI) solutions market size has grown exponentially in recent years. It will grow from $49.55 billion in 2023 to $61.74 billion in 2024 at a compound annual growth rate (CAGR) of 24.6%. The growth in the historic period can be attributed to rise of industrial internet of things (iiot), data explosion in industrial processes, cost-effective scalability, real-time analytics requirements, enhanced connectivity with edge computing.
The cloud artificial intelligence (AI) solutions market size is expected to see exponential growth in the next few years. It will grow to $147.32 billion in 2028 at a compound annual growth rate (CAGR) of 24.3%. The growth in the forecast period can be attributed to edge-to-cloud integration, ai and machine learning advancements, 5g network deployment:, energy efficiency concerns, customization and industry-specific solutions. Major trends in the forecast period include digital twin technology, fog and edge computing integration, blockchain for security, 5g network integration, digital twins for simulation.
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Key Market Players:
Major companies operating in the cloud artificial intelligence (AI) solutions market report are Apple Inc., Huawei Cloud, Amazon Web Services, Microsoft Azure, Cisco Systems Inc., Oracle Corporation, Nvidia Corporation, Salesforce Inc., Google Cloud, Tata Consultancy Services, Capgemini SE, IBM Cloud, Cognizant Technology Solutions Corporation, Infosys Limited, Baidu Inc., ZTE Corp., DXC Technology, HCL Technologies, Atos SE, Alibaba Cloud, Wipro Ltd., Nuance Communications Inc., Verint Systems Inc., MicroStrategy Incorporated, SoundHound Inc., H2O.ai
Market Drivers:
The rise in demand for smart devices is expected to propel the growth of the cloud artificial intelligence (AI) solutions market going forward. Smart devices are electronic devices that are generally connected to other devices or networks via different wireless protocols, such as Bluetooth, Zigbee, Wi-Fi, or 5G, and that can operate to some extent interactively and autonomously. Cloud AI services help smart devices by offloading resource-intensive AI processing tasks to remote servers, which are part of a cloud computing infrastructure. For instance, in 2023, according to an article published in Oberlo, a drop shipping app, the number of households using smart home devices increased from 57.4 million households in 2022 to over 60.4 million households in 2023, which was 3% more than in 2022. Therefore, the rise in demand for smart devices is driving the growth of the cloud artificial intelligence (AI) solutions market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/cloud-artificial-intelligence-ai-solutions-global-market-report
The cloud artificial intelligence (ai) solutions market covered in this report is segmented -
1) By Type: Solution, Services
2) By Technology: Deep Learning, Machine Learning, Natural Language Processing, Other Technologies
3) By End-User: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Telecom, Healthcare, Retail, Energy And Utilities, Manufacturing, Government, Other End Users
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