Artificial Intelligence Market Is Expected To See a growth of 36.8% | Research by Market.us
Market Size and Growth The artificial Intelligence market size was valued to be worth USD 129.28 billion in 2022. From 2023 to 2032, it is estimated to reach USD 2745 billion growing at a CAGR of 36.8%. Several factors are driving the growth of the AI market. Firstly, the increasing adoption of AI-powered technologies such as machine learning, natural language processing, and computer vision is boosting market demand. These technologies enable organizations to automate tasks, gain valuable insights from data, and improve decision-making processes. Moreover, the proliferation of big data and advancements in cloud computing have created an enabling environment for AI adoption. Big data provides vast amounts of information that can be processed by AI algorithms to derive meaningful insights and patterns. Cloud computing offers a scalable infrastructure that supports AI deployment without significant upfront investments. Additionally, various industries are leveraging artificial intellig