Global Adaptive AI Market Opportunities 2024, Forecast To 2033
29 Mar, 2024
The adaptive AI market has experienced exponential growth in recent years, with its size climbing from $1.07 billion in 2023 to $1.55 billion in 2024, registering a remarkable compound annual growth rate (CAGR) of 44.1%. This growth in the historical period can be attributed to increasing demand for more intelligent AI systems, rising adoption of AI across various sectors, and the growing popularity of self-learning platforms. Looking ahead, the market is poised for exponential expansion, projected to reach $6.55 billion in 2028, with a CAGR of 43.4%. Factors expected to fuel this growth include rising demand for eLearning solutions, government initiatives supporting AI, and an increasing focus on AI-driven solutions across industries. Major trends anticipated in the forecast period include technological advancements, product innovations, and the proliferation of data from various sources.
Global Adaptive AI Market Key Driver
The growth of the adaptive AI market is expected to be driven by increasing government initiatives. These initiatives encompass specific actions, programs, or policies undertaken by governments to address societal issues and promote advancements in various sectors, including artificial intelligence (AI). Governments often provide financial support for AI research and development, facilitating the availability of data and tools to a wider community. For example, in June 2023, the Government of Canada launched the second phase of the Pan-Canadian artificial intelligence program, backed by a substantial investment exceeding US$ 443 million. This initiative aims to enhance AI integration and commercialization across diverse sectors of the economy. Hence, the growing support from government initiatives is expected to fuel the growth of the adaptive AI market.
Get A Free Sample Of The Global Adaptive AI Market ReportGlobal Adaptive AI Market Segments
The adaptive ai market covered in this report is segmented –
1) By Component: Platform, Services
2) By Technology: Machine Learning, Deep Learning, Reinforcement Learning, Natural Language Processing (NLP), Computer Vision
3) By Application: Offline Learning And Adaptation, Real-time, Context-aware Adaptation, Autonomous Decision-Making, Other Applications
4) By End-User: Banking, Financial Services and Insurance(BFSI), Healthcare And Life Sciences, Aerospace And Defense, Information Technology And Telecommunications, Media And Entertainment, Retail And E-Commerce, Manufacturing, Other End Users
By Geography:The regions covered in the adaptive ai market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the adaptive AI market in 2023. The regions covered in the adaptive ai market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Adaptive AI Industry Players
Cisco Systems Inc., Tech Mahindra Limited, Databricks Inc., Ness Digital Engineering, C3.ai Inc., SofturaInc., Leewayhertz, KITRUM, Suffescom Solutions, Slang, Brighterion Inc., Cerebri AI Inc., Apexon, OpenXcell, Arka Softwares, Risingmax, Markovate Inc., Dynam.Ai, Cygnus Software Inc., CanopyLAB A/S, Testive Inc., 5StarDesigners Ltd., Ask Technologies Inc., A.I. Global Media Limited, Numerai, Skyline AI Ltd.
Get The Full Global Adaptive AI Market ReportAdaptive AI Market Overview
Adaptive AI refers to artificial intelligence systems or algorithms that can adjust and improve performance based on experience, feedback, or environmental changes. These systems aim to support a decision-making framework centered around making faster decisions while remaining flexible to adjust as issues arise.
Adaptive AI Global Market Report 2023 provides data on the global adaptive ai market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The adaptive ai market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.