The Adaptive AI Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Adaptive AI Global Market Report 2024, The adaptive AI market size is expected to see exponential growth in the next few years. It will grow to $6.55 billion in 2028 at a compound annual growth rate (CAGR) of 43.4%. The growth in the forecast period can be attributed to rising demand for eLearning solutions, increasing government initiatives, and increasing focus on ai-driven solutions. Major trends in the forecast period include technological advancements, product innovations, and proliferation of data from various sources.
The increasing government initiatives are expected to fuel the growth of the adaptive AI market going forward. Government initiatives refer to specific actions, programs, or policies undertaken by a government to address issues, achieve specific goals, or bring about positive changes in various aspects of society. Governments can provide financial support for research and development in AI, including adaptive AI, by making data and tools readily available to a wider community. For instance, in June 2023, the Ministry of Innovation, Science, and Industry, under the auspices of the Government of Canada, a Canada-based government agency, initiated the second phase of the Pan-Canadian artificial intelligence program. Further, this rollout, supported by a substantial investment exceeding US$ 443 million, underscores the government’s commitment to enhance the integration and commercialization of AI across various sectors of the country’s economy. Therefore, increasing government initiatives is driving the growth of the adaptive AI market.
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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
Major companies operating in the adaptive AI market are developing innovative and advanced adaptive AI systems to gain a competitive edge in the market. Adaptive AI with spam and fraud call protection features observes the patterns left by spammers in the network traffic and adapts in real-time to detect illegal and unwanted calls. For instance, in November 2021, Hiya, a US-based company that provides spam and fraud call protection, launched Adaptive AI. This is the first self-learning call protection system that hunts and shuts down illegal callers in real time. This technology evaluates calls by looking for emerging patterns of scammers, such as the originating carrier and its reputation, the country where the call originated, and the network signature indicating spam risk.
The adaptive ai market report table of contents includes:
1. Executive Summary
2. Adaptive AI Market Characteristics
3. Adaptive AI Market Trends And Strategies
4. Adaptive AI Market – Macro Economic Scenario
5. Global Adaptive AI Market Size and Growth
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26. South America Adaptive AI Market
27. Brazil Adaptive AI Market
28. Middle East Adaptive AI Market
29. Africa Adaptive AI Market
30. Adaptive AI Market Competitive Landscape And Company Profiles
Top Major Players:
- Cisco Systems Inc
- Tech Mahindra Limited
- Databricks Inc
- Ness Digital Engineering
- C3.ai Inc
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