AI Market to Grow by USD 237.4 Billion from 2024 to 2028, Driven by Fraud Prevention and Malicious Attack Mitigation, Report on AI's Market Transformation - Technavio

NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Report with the AI impact on market trends - The artificial intelligence (AI) market and it is set to grow by USD 237.4 billion from 2024 to 2028. However, the growth momentum will progressing at a CAGR of 30.07% during the forecast period, according to Technavio. The artificial intelligence (AI) market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. Advanced Micro Devices, AiCure, Arm Limited, Atomwise, Inc., Ayasdi AI LLC, Baidu, Inc., Clarifai, Inc., Cyrcadia Health, Enlitic, Inc., Google LLC, H2O.ai, HyperVerge, Inc., International Business Machines Corporation, IBM Watson Health, Intel Corporation, Iris.ai AS, Lifegraph, Microsoft, NVIDIA Corporation, Sensely, Inc.  are some of the major market participants -.

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Artificial Intelligence (Ai) Market 2024-2028: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The artificial intelligence (ai) market report covers the following areas:

• Artificial Intelligence (Ai) Market Size
• Artificial Intelligence (Ai) Market Trends
• Artificial Intelligence (Ai) Market Industry Analysis
• Porter's Five Forces Analysis
• Customer Landscape

The artificial intelligence (ai) market is fragmented, and the degree of fragmentation will accelerate. The prevention of fraud and malicious attacks will offer immense growth opportunities. However, the Shortage of AI experts will hamper the market growth

Artificial Intelligence (Ai) Market 2024-2028: Drivers & Challenges

The cybersecurity landscape has seen a rise in fraudulent activities and malicious attacks, putting valuable organizational information at risk. To mitigate these threats, businesses are turning to Artificial Intelligence (AI) technologies. AI solutions aid in detecting threats, recognizing patterns, and reducing response times. They are particularly effective against distributed denial-of-service (DDoS) attacks. Simultaneously, companies collect and analyze user data and trends to improve their offerings and drive growth. However, this data collection poses a risk as cybercriminals may bypass security measures and gain unauthorized access to sensitive information. AI technologies play a crucial role in enhancing security and protecting valuable assets.

Many businesses express interest in implementing Artificial Intelligence (AI) solutions, but face challenges in doing so due to resource constraints. Machine learning and deep learning applications require substantial data sets, specialized infrastructure, and significant processing power. Hiring a team of AI experts is also challenging due to intense competition among top tech companies. Before deploying AI at scale, companies must carefully consider appropriate use cases. These requirements call for substantial investments, making AI an expensive and elusive solution for most businesses.

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This artificial intelligence (ai) market report extensively covers market segmentation by  

• Component
• Software
• Hardware
• Services
• End-user
• Retail
• Banking
• Manufacturing
• Healthcare
• Others
• Geography
• North America
• Europe
• APAC
• South America
• Middle East And Africa
• Technology
• Deep Learning
• Machine Learning
• Natural Language Processing (NLP)
• Machine Vision
• Generative AI

1.1 Software-  Artificial Intelligence (AI) market growth is driven by the increasing adoption of AI developer tools among software developers. These tools enable the creation of intelligent applications, enhancing existing ones with machine learning or speech recognition, or building new ones using AI platforms. Developer tools, including algorithms, libraries, frameworks, and developer kits, are essential for implementing AI features. The use of AI software is becoming standard in the industry, improving employee experience and efficiency by automating manual tasks. Companies benefit from better decision-making capabilities, while software engineers develop solutions for various sectors, such as corporates. The reliance on AI software is expected to continue growing, fueling the expansion of the AI market.

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Artificial Intelligence (Ai) Market 2024-2028: Key Highlights

• CAGR of the market during the forecast period 2024-2028
• Detailed information on factors that will assist artificial intelligence (ai) market growth during the next five years
• Estimation of the artificial intelligence (ai) market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the artificial intelligence (ai) market across North America, Europe, APAC, South America, and Middle East and Africa
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of artificial intelligence (ai) market vendors

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio