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Explosive Growth In Casual AI Market Fueled By Rising Demand Across Diverse Industries: Core Growth Enabler in the Causal AI Market, 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Causal AI Industry Market Size Be by 2025?
The market size of causal ai has been rapidly expanding in the last few years. Projected to escalate from $13.58 billion in 2024, to $20.27 billion in 2025, it's expected to have a compound annual growth rate (CAGR) of 49.3%. Factors such as the development of agricultural routines, an increase in awareness regarding oil degradation, a burgeoning population, progress in agriculture technology, and recognition of micronutrient deficiency, contribute to the emergence experienced during the historic period.
What's the Long-Term Growth Forecast for the Causal AI Market Size Through 2029?
The size of the causal ai market is projected to rapidly escalate in the upcoming years, rising to an impressive $102.76 billion by 2029 with a compound annual growth rate (CAGR) of 50.0%. This significant surge during the predicted timeline can be credited to numerous factors including the increased implementation of sustainable farming methods, the impacts of climate change, a rise in the popularity of organic farming, governmental subsidies and regulations, as well as technological advancements in nutrient delivery. Major upcoming trends encompass shifts in dietary choices, increased focus on research and development of micronutrient formulations, broadening of the aquaculture sector, growing demand for biofortified crops and the worldwide development of agricultural markets.
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What Are the Key Growth Drivers Fueling the Causal AI Market Expansion?
An increased need for AI technologies is projected to catalyze the expansion of the causal AI market. These technologies encompass a wide array of tools and mechanisms that depend on artificial intelligence (AI) to accomplish tasks typically handled by human intellect. Introducing AI technologies escalates the requirement for causal AI, delivering solutions that boost efficiency, aid in deciding, and improve the overall performance of a business. As these AI capabilities progress, various industries are expected to discover fresh ways of employing these technologies for innovation and gaining a competitive edge. For example, a study by the Department for Digital, Culture, Media & Sport (DCMS), a government department in the UK, and Capital Economics, an information services company based in the UK, in January 2022, predicted a significant increase in AI technology adoption to 22.7% by 2025, with an additional 267,000 enterprises integrating AI into their operations. By 2040, it's predicted that roughly 34.8% of enterprises will have adopted AI, equating to around 1.3 million businesses using this technology. Thus, escalating demand for AI technologies is fueling the growth of the casual AI market.
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What Are the Key Trends Driving Causal AI Market Growth?
Top players in the casual AI market are concentrating on introducing groundbreaking products like DecisionOS in an effort to fortify their market position. DecisionOS, a decision-making OS, is a software platform that converts raw data into trustworthy workflows for decision making. For instance, in January 2023, CausaLens - a deep tech company based in the UK and a pioneer in causal AI, rolled out DecisionOS powered by casual AI, an innovative solution designed to offer businesses interpretable and actionable insights by identifying cause and effect relationships within data and establishing trust by using white-box causal models. The platform aims to enable data science teams to develop powerful causal AI models, and it also provides components for producing causal graphs and models. This allows for the development of expressive interfaces and facilitates smooth integration with databases and downstream business systems.
How Is the Causal AI Market Segmented?
The causal ai market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment Platforms: Cloud, On-Premises
3) By Vertical: Healthcare And Life Sciences, Banking, Financial Services And Insurance (BFSI), Retail And eCommerce, Transportation And Logistics, Manufacturing, Other Verticals
Subsegments:
1) By Solution: Causal Inference Software, Predictive Modeling Tools, Data Visualization Solutions, Causal Analysis Platforms
2) By Services: Consulting Services, Implementation Services, Maintenance And Support Services, Training And Education Services
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Which Companies Are Leading the Charge in Causal AI Market Innovation?
Major companies operating in the causal AI market report are Apple Inc., Google LLC, Microsoft Corporation, Alibaba Group Holding Limited, Facebook Inc., Huawei Technologies Co. Ltd., Amazon Web Services Inc., Intel Corporation, The International Business Machines Corporation, Adobe Inc., Cognizant, Dynatrace Inc., DataRobot Inc., Logility Inc., CausaLens, Modzy, Nexosis Inc., Infinite Analytics, Incremental, Parabole.ai
Which Regions Are Leading the Global Causal AI Market in Revenue?
North America was the largest region in the casual AI market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the causal ai market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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