Press release
Soaring Demand Set to Propel Artificial Intelligence Platforms Market to $51.73 Billion by 2029
Artificial Intelligence Platforms Market Size
What Is the Expected CAGR for the Artificial Intelligence Platforms Market Through 2025?
Over recent years, the market size of artificial intelligence platforms has seen substantial expansion. It is projected to increase from $15.2 billion in 2024 to reach $19.44 billion the following year, with a compound annual growth rate (CAGR) of 27.9%. Factors contributing to this growth during the historic period include the growing availability of big data, the development of machine learning algorithms, the incorporation of cloud computing, applications specific to various industries, and an expanding talent pool.
What's the Projected Size of the Global Artificial Intelligence Platforms Market by 2029?
The market size of artificial intelligence platforms is predicted to witness a tremendous surge in the coming years, escalating to $51.73 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 27.7%. This predicted surge during the forecast period can be ascribed to factors such as democratization of AI, explosive growth of IoT devices, breakthroughs in Natural Language Processing (NLP), emphasis on explainability and trust, and integration of edge AI. The major trends expected during this forecast period incorporate worldwide collaboration on AI standards, the application of AI in cybersecurity, swift technological advancements, AI for cybersecurity, and AI-powered DevOps (AIOps).
View the full report here:
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-platforms-global-market-report
Top Growth Drivers in the Artificial Intelligence Platforms Industry: What's Accelerating the Market?
The surge in the automotive industry is anticipated to boost the expansion of the artificial intelligence platform market. The automotive industry includes all those enterprises engaged in designing, developing, manufacturing, advertising, and offering motor vehicles for sale. AI platforms come into play to anticipate potential machinery malfunctions in vehicles by examining sensor data, identifying patterns, and predicting maintenance requirements, which aids in avoiding failures and cutting downtime. For instance, the Board of Governors of the Federal Reserve System, a US governmental agency, stated in January 2024 that the total vehicle manufacturing in the United States escalated to 10.80 million units in December 2023 from 10.47 million units in November 2023. Moreover, the European Automobile Manufacturers Association, a Belgium-based association, reported in May 2023 that approximately 85.4 million motor vehicles were produced worldwide in 2022, marking a 5.7% growth from 2021. Consequently, the advancement of the automotive industry is propelling the expansion of the artificial intelligence platform market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13596&type=smp
What Trends Will Shape the Artificial Intelligence Platforms Market Through 2029 and Beyond?
Top enterprises in the artificial intelligence platform market are pioneering innovative products using modern technology, such as AI-driven decision-making platforms, to establish a competitive advantage. An AI-driven decision-making platform uses artificial intelligence and machine learning to process data, extract actionable insights, and deliver recommendations or autonomous decisions. For example, o9 Solutions Inc., an American software company, unveiled their new AI platform, aim10x, in May 2023. This platform provides a distinctive global forum to aid innovators, academics, and cross-industry leaders in business planning and decision-making. Offering a tailored experience that encompasses content curation, webinars, both online and offline events, and a global, live event series, aim10x strives to enable professionals in supply chain management, procurement, revenue management, IT, and sustainability to facilitate better interaction, share knowledge, and learn from each other to help steer their organizations into the digital era.
What Are the Main Segments in the Artificial Intelligence Platforms Market?
The artificial intelligence platforms market covered in this report is segmented -
1) By Component: Artificial Intelligence Tools, Artificial Intelligence Machine Learning Platforms, Artificial Intelligence Natural Language Processing Platforms, Artificial Intelligence Services
2) By Deployment Mode: Cloud-Based Ai Platforms, On-Premise Ai Platforms
3) By Application: Forecasts And Prescriptive Models, Chatbots, Speech Recognition, Text Recognition, Other Applications
4) By Industry Vertical: Manufacturing, Healare, BFSI (Banking, Financial Services, And Insurance), It And Telecom, Automotive, Education, Media And Entertainment, Transportation, Retail And E-Commerce, Other Industry Verticals
Subsegments:
1) By Artificial Intelligence Tools: Development Tools, Visualization Tools, Testing And Monitoring Tools
2) By Artificial Intelligence Machine Learning Platforms: Cloud-Based ML Platforms, On-Premises ML Platforms, Automated Machine Learning (AutoML) Tools
3) By Artificial Intelligence Natural Language Processing Platforms: Speech Recognition, Text Analysis, Language Generation
4) By Artificial Intelligence Services: Consulting Services, Implementation Services, Maintenance And Support Services
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=13596&type=smp
Which Top Companies are Driving Growth in the Artificial Intelligence Platforms Market?
Major companies operating in the artificial intelligence platforms market report are Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Microsoft Corporation, Alibaba Group Holding Limited, Meta Platforms Inc., Amazon Web Services Inc., General Electric Company, Intel Corporation, International Business Machines Corporation (IBM), Qualcomm Technologies Inc., Nvidia Corporation, Hewlett Packard Enterprise (HPE), salesforce.com inc., Siemens AG, Infosys Limited, Wipro Limited, NEXT IT CORPORATION, Kasisto Inc., Enlitic Inc., Premonition LLC, iCarbonX Corporation, Absolutdata Ltd., Rainbird Technologies Inc., Mindmeld Inc., H2O.ai, Ayasdi Inc., General Vision Inc.
Which Regions Will Dominate the Artificial Intelligence Platforms Market Through 2029?
North America was the largest region in the artificial intelligence platforms market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence platforms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13596
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soaring Demand Set to Propel Artificial Intelligence Platforms Market to $51.73 Billion by 2029 here
News-ID: 4118828 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Platforms
Best Link Building Platforms
The number and quality of backlinks have a substantial impact on a website's ranking in search engines. Outreach, or guest posting, is one of the most effective ways to strengthen your backlink profile. The only challenge is finding reliable platforms for collaboration, and that's where link-building platforms come in. They save you the time you'd otherwise spend searching for suitable websites, analyzing their metrics, and negotiating placements. Link-building marketplaces become…
Bioinformatics Platforms Market Size Analysis by Application, Type, and Region: …
According to Market Research Intellect, the global Bioinformatics Platforms market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The bioinformatics platforms market is witnessing robust growth, fueled by the rising demand for advanced data analytics in…
Mock Interview Platforms Market
According to Market Research Intellect, the global Mock Interview Platforms market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The mock interview platforms market is expanding rapidly, driven by the increasing emphasis on career readiness and…
Global Photosharing Platforms Market Size by Application, Type, and Geography: F …
USA, New Jersey- According to Market Research Intellect, the global Photosharing Platforms market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The market for photosharing platforms is expanding quickly due to the rise in social media usage and the demand for visual material. The need for…
Get The Best Trading Platforms In The UK Here At Trading Platforms UK!
Trading Platforms UK (https://tradingplatformsuk.com/) is dedicated to providing traders with information and resources about the best day trading platforms UK wide. This resource offers an extensive list of trading platforms along with expert advice and tips on how to use them effectively.
Whether someone's a seasoned trader or just starting out, it's important to find the right trading platform. That's why Trading Platforms UK is here to help! They offer…
Aerial Work Platforms Market
The global AERIAL WORK PLATFORMS market report offers the complete market share, size, and the growth rate of different segments at both the country and regional levels. It provides an in-depth study of the market subtleties such as the current trends, drivers, opportunities, and even the restraining factors. The report also highlights the qualitative aspects in the study. Additionally, the unit takes in the key findings, in terms of market…
