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Rising Cybersecurity Threats Fueling Demand for AI Toolkits Emerges as a Core Driver of the AI Toolkit Market in 2025
AI Toolkit
What Is the Expected CAGR for the AI Toolkit Market Through 2025?
The market for AI toolkit has experienced tremendous growth in the past few years. It is projected to expand from a value of $29.16 billion in 2024 to $38.85 billion in 2025, witnessing a compound annual growth rate (CAGR) of 33.2%. Factors such as the escalating adoption of AI, intensifying threat landscape, surge of big data, a rise in the demand for machine learning algorithms, and enhanced computing power have all contributed to the growing market in the historical phase.
What's the Projected Size of the Global AI Toolkit Market by 2029?
Expectations are high for the AI toolkit market size, with predictions suggesting significant expansion in the upcoming years. The market is set to reach a staggering $121.33 billion by 2029, growing at a compound annual growth rate (CAGR) of 32.9%. The surge during the forecast period can be ascribed to factors such as the blossoming of open source initiatives, the ascendancy of cloud computing, expanding knowledge and education relating to AI, the emergence of AI-focused startups, and the intensifying incorporation of AI in the healthcare sector. Overarching trends for the forecast duration include the melding of explainable AI, advancements in natural language processing (NPL) tools, the integration of hybrid cloud AI solutions, an increasing focus on AI ethics and responsible AI, as well as a growing implementation of AutoML.
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Top Growth Drivers in the AI Toolkit Industry: What's Accelerating the Market?
The escalating number of cyber security threats is anticipated to fuel the expansion of the AI toolkit market in the future. Cyber security threats are harmful actions, activities or potential incidents that strive to breach the privacy, completeness, or accessibility of data, networks, and computer systems. The growth in cyber security threats necessitates the need for superior security measures. AI toolkits serve a critical function in offering the technology and tools needed to design pioneering and effective cyber security solutions. As an example, in April 2023, as per the Government Digital Service, a government organization based in the UK, cybercrimes had an impact on 11% of businesses and 8% of charities within the last 12 months. These numbers swelled to 26% for medium-sized businesses, 37% for larger businesses, and 25% for high-income charities. Consequently, the escalating number of cyber security threats is propelling the expansion of the AI toolkit market.
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What Trends Will Shape the AI Toolkit Market Through 2029 and Beyond?
Primary players in the AI toolkit market, such as CPA.com, aim to leverage generative AI toolkit to boost their market profitability. The generative AI toolkit is a robust collection of software tools designed to unlock the potential of generative AI, particularly in accounting and financial sectors. An example of this is in October 2023, when CPA.com, an American company specializing in the accounting field, introduced a Generative AI Toolkit tailored for the accounting profession. The toolkit offers a multitude of features like educational insights, a downloadable toolkit, various case-studies, a security checklist, a Generative AI (GenAI) glossary, and even learning opportunities. The aim is to provide a strategic 7-step plan that can help customize an AI strategy and promote awareness and education via thought leadership resources. This toolkit plays a critical role in CPA.com's multi-dimensional initiative, allowing accounting and finance professionals to effectively navigate the technological influence on their business models.
What Are the Main Segments in the AI Toolkit Market?
The AI toolkit market covered in this report is segmented -
1) By Offering: Software, Hardware, Services
2) By Technology: Natural Language Processing, Machine Learning, Computer Vision, Robotic Process Automation
3) By Vertical: Banking, Financial Services and Insurance (BFSI), Retail and eCommerce, Healthcare and Life Science, Manufacturing, Telecom, Information Technology, Media and Entertainment, Energy and Utilities, Other Verticals
Subsegments:
1) By Software: Machine Learning Frameworks, Natural Language Processing (NLP) Tools, Computer Vision Tools, Data Analytics Software
2) By Hardware: AI Processors, AI-Optimized Hardware Platforms, Edge Computing Devices
3) By Services: AI Integration Services, Consulting Services, Support And Maintenance Services
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Which Top Companies are Driving Growth in the AI Toolkit Market?
Major companies operating in the AI toolkit market report are Google LLC, Meta Platforms, AWS, Intel Corporation, IBM, Oracle, HPE, NVIDIA Corporation, Sales Force, Thales group, Adobe, DataRobot, OpenAI, Altair, Alteryx, Jasper, KNIME, Rasa, Union AI, Regie.AI, Super Annotate, Fiddler AI, Obviously AI, Determined AI, H2O.ai, Attri AI
Which Regions Will Dominate the AI Toolkit Market Through 2029?
North America was the largest region in the AI toolkit market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ai toolkit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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