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Citizen Services AI Market Size, Trends & Industry Analysis
Citizen Services AI Market Size
As per the report, the citizen services ai market size has grown exponentially in recent years. It will grow from $4.48 billion in 2023 to $6.64 billion in 2024 at a compound annual growth rate (CAGR) of 48.3%. The citizen services ai market size is expected to see exponential growth in the next few years. It will grow to $29.93 billion in 2028 at a compound annual growth rate (CAGR) of 45.7%.
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The Surge In Automation Adoption Boosts Citizen Services Ai Market
The increasing adoption of automation is expected to drive the growth of the citizen services AI market. Automation refers to technological applications where the amount of human input is reduced and covers a variety of applications, such as home automation, IT automation, and business process automation. Citizen services AI uses different automation resources that enable tasks that formerly required human intelligence, such as interpreting speech, text, or image content and searching for patterns and anomalies, to be handled by artificial intelligence. For instance, in May 2022, according to the International Business Machines Corporation (IBM), a US-based technology company, 35% of businesses worldwide used artificial intelligence (AI) in 2022, which is an increase of 4% from 2021. In addition, there was a 13% increase in organizations adopting artificial intelligence (AI) in 2022 compared to 2021. More organizations are turning to automation, artificial intelligence (AI), and machine learning as they continue to pivot and adapt in response to the pandemic. Therefore, the increased adoption of automation will drive the citizen services AI market growth.
Empowering Citizen Services Through Technology Advancements
Technological advancement is a key trend gaining popularity in the citizen services AI market. Major market players are focusing on creating innovative technologies and integrating machine learning into their products for citizen services. For instance, in July 2021, Intel Corporation, a US-based technology company, in collaboration with the Central Board of Secondary Education (CBSE) and the Ministry of Education, announced the launch of the AI for All initiative, with the goal of providing everyone in India with a basic understanding of artificial intelligence (AI). AI for All is a 4-hour self-paced learning program based on Intel's AI for Citizens program that demystifies AI in an inclusive manner. It applies equally to a student, a stay-at-home parent, a professional in any field, or even a senior citizen. In its first year, the program hopes to reach 1 million citizens.
The citizen services ai market covered in this report is segmented -
1) By Technology: Machine Learning, Natural Language Processing (NLP), Image Processing, Face Recognition
2) By Application: Traffic And Transportation Management, Healthcare, Public Safety, Utilities, Other Applications
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Major companies operating in the citizen services ai market report are plc, Huawei Technologies Co. Ltd., Amazon Web Services Inc., International Business Machines Corporation (IBM), Intel Corporation, NEC Corporation, Idemia Identity & Security USA LLC, Fujitsu Limited, HID Global Corporation, Suprema Inc., Cognitec Systems GmbH, Iris ID Systems Inc., ZKTeco Inc., Ayonix Corporation, Herta Security S. L., IriTech Inc., Princeton Identity Inc., VoiceIt Technologies LLC, Bioid Technologies AG, Biomatiques Identification Solutions Pvt. Ltd., ID R&D Inc., FacePhi S. A., ImageWare Systems Inc., BioConnect Corp., Crossmatch Technologies Inc., Aware Inc., M2SYS Technology, IrisGuard UK Ltd., FaceFirst Inc., Daon Holdings Limited, Innovatrics s. r. o., BioID AG, HYPR Corp., Veridium Ltd.
Contents of the report:
1. Executive Summary
2. Citizen Services AI Market Report Structure
3. Citizen Services AI Market Trends And Strategies
4. Citizen Services AI Market - Macro Economic Scenario
5. Citizen Services AI Market Size And Growth
…..
27. Citizen Services AI Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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