The Business Research Company recently released a comprehensive report on the Global Adaptive AI Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company’s, The adaptive AI market size has grown exponentially in recent years. It will grow from $1.07 billion in 2023 to $1.55 billion in 2024 at a compound annual growth rate (CAGR) of 44.1%. The growth in the historic period can be attributed to growing demand for more intelligent ai systems, increasing demand for ai in various sectors, and rising adoption of self-learning platforms.
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Market Drivers and Trends:
The increasing government initiatives are expected to fuel the growth of the adaptive AI market going forward. Government initiatives refer to specific actions, programs, or policies undertaken by a government to address issues, achieve specific goals, or bring about positive changes in various aspects of society. Governments can provide financial support for research and development in AI, including adaptive AI, by making data and tools readily available to a wider community. For instance, in June 2023, the Ministry of Innovation, Science, and Industry, under the auspices of the Government of Canada, a Canada-based government agency, initiated the second phase of the Pan-Canadian artificial intelligence program. Further, this rollout, supported by a substantial investment exceeding US$ 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.
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 sca*mmers, such as the originating carrier and its reputation, the country where the call originated, and the network signature indicating spam risk.
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Major Key Players of the Market:
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.
Adaptive AI Market 2024 Key Insights:
• The adaptive ai market is expected to grow to $6.55 billion in 2028 at a compound annual growth rate (CAGR) of 43.4%.
• Adaptive Artificial Intelligence Market Soars With Increasing Initiatives Worldwide
• Revolutionizing Call Protection With Industry’s First Self-Learning Adaptive AI System
• North America was the largest region in the adaptive AI market in 2023
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