Press release
Comprehensive Composite AI Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
What combination of drivers is leading to accelerated growth in the composite ai market?The escalating integration of AI is anticipated to stimulate the expansion of the composite AI market in the future. The term AI integration signifies how individuals, organisations, or societies amalgamate and fit artificial intelligence (AI) technology into their current systems, operations, or routine activities. Numerous AI techniques such as machine learning, natural language processing, computer vision, and rule-based systems are being progressively utilised in AI adoption, conducive to a form of composite AI. This amalgamation boosts the overall system capabilities and effectively tackles complex issues. For example, the Department for Science, Innovation, and Technology, a government department in the US, reported in October 2024, an increase in the total number of AI companies from 3,170 in 2022 to 3,713 in 2023, marking a +17% increase. Consequently, the escalating integration of AI is leading to the expansion of the composite AI market.
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What is the projected compound annual growth rate (CAGR) of the composite ai market from 2025 to 2034, and what factors influence it?
In recent times, the size of the composite ai market has seen significant growth. Its expansion is expected to be from $1.43 billion in 2024 to a staggering $1.97 billion in 2025, representing a compound annual growth rate (CAGR) of 37.2%. The historic progression in this market can be tied to the evolution of artificial intelligence (AI), enhancing computing capabilities, the emergence of big data, increased acceptance of ai in various creative fields, and the development of user-friendly interfaces.
Anticipated to experience substantial growth in the coming years, the composite AI market's size is projected to reach $6.99 billion by 2029, reflecting a compound annual growth rate (CAGR) of 37.3%. This expansion during the forecast period can be credited to various factors such as the ongoing advancements in AI, the development of quantum computing, the implementation of ethical and responsible AI practices, the worldwide growth of creative industries, and market-specific tailoring. Noteworthy trends within this period are set to include improved collaboration between humans and AI, the fusion of AI with creative tools, the application of generative adversarial networks (GANs) in creative workflows, increased human-AI cooperation, and the creation of personalized content.
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What are the emerging trends shaping the future of the composite ai market?
Key players in the composite AI market are focusing on creating innovative technologies, such as artificial intelligence platforms, in order to deliver reliable services to their clientele. An Artificial Intelligence (AI) platform can be understood as a hardware structure or software system that facilitates the functioning of software and the execution of tasks that parallel human cognitive capabilities such as learning, rationalizing, problem-solving, and social intelligence. For example, Fujitsu Limited, headquartered in Japan and renowned for its information technology services, rolled out Fujitsu's Kozuchi AI platform in October 2023. This platform offers top-of-the-line AI technologies and speeds up the verification of diverse applications across several sectors including manufacturing, retail, finance, and healthcare, thereby simplifying the access to AI and machine learning (ML) solutions and fostering a sustainable society. This advanced technology functions as a building block of Fujitsu's Composite AI architecture, which integrates multiple AI innovation components to address the escalating complexity of problems faced by customers, encompassing demands forecasting and production planning.
What are the major segments of the composite ai market and their role in driving growth?
The composite ai market covered in this report is segmented -
1) By Offering: Hardware, Software, Services
2) By Technique: Conditioned Monitoring, Pattern Recognition, Data Processing, Proactive Mechanism, Data Mining And Machine Learning, Other Methods
3) By Vertical: Banking, Financial Services And Insurance (BFSI), Retail and eCommerce, Manufacturing, Energy And Utilities, Transportation And Logistics, Healthcare And Life Sciences, Media And Entertainment, Government And Defense, Telecom
4) By Application: Product Design And Development, Quality Control, Predictive Maintenance, Security And Surveillance, Customer Service, Other Applications
Subsegments:
1) By Hardware: AI-Optimized Processors (GPUs, TPUs), AI Edge Devices, Specialized AI Chips, Sensors And IoT Devices
2) By Software: Machine Learning Platforms, Natural Language Processing (NLP) Software, Computer Vision Software, AI Development Frameworks, Analytics And Visualization Tools
3) By Services: Consulting Services, Integration And Implementation Services, Maintenance And Support Services, Managed AI Services, Training And Education Services
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Which regions are key players in the growth of the composite ai market?
North America was the largest region in the composite AI market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the composite ai market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the composite ai market?
Major companies operating in the composite AI market report are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Meta Platforms Inc., Intel Corporation, International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, Oracle Corporation, SAP SE, NVIDIA Corporation, Infosys Limited, Baidu Inc., Genpact Limited, OpenText Coporation, SAS Institute Inc., Nutanix Inc., Cloudera Inc., BlackSwan Technologies Inc., Gorilla Technology Group, Azion Technologies Inc., Tact.ai Technologies Inc., FogHorn Systems Inc., Veea Inc., ClearBlade Inc., Octonion SA, Anagog Ltd., E-SPIN Group of Companies, Exponential AI, Lalaland.ai
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What Is Covered In The Composite AI Global Market Report?
• Market Size Forecast: Examine the composite ai market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the composite ai market for a structured understanding.
• Key Players Overview: Analyze major players in the composite ai market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the composite ai market.
• Segment Contributions: Evaluate how different segments drive overall growth in the composite ai market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the composite ai market.
• Industry Challenges: Identify potential risks and obstacles affecting the composite ai market.
• Competitive Landscape: Review strategic developments in the composite ai market, including expansions, agreements, and new product launches.
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