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The Rise of Artificial Intelligence Market: A $1,339.1 billion Industry Dominated by Tech Giants - IBM, Microsoft, Google, NVIDIA | MarketsandMarkets™

Chicago, June 20, 2024 (GLOBE NEWSWIRE) -- The global Artificial Intelligence (AI) Market size is anticipated to grow at a CAGR of 35.7% during the forecast period, from USD 214.6 billion in 2024 to USD 1,339.1 billion by 2030, according to a new report by MarketsandMarkets™. The artificial intelligence market is poised for substantial growth, propelled by several key business drivers. Factors such as surge in autonomous AI implementation, enhancements in computational infrastructure and data availability, and the proliferation of deep learning and machine learning innovations collectively steer the expansion of the artificial intelligence market. Browse in-depth TOC on "Artificial Intelligence Market" 550 - Tables 80 - Figures 650 - Pages Download Report Brochure @ Artificial Intelligence (AI) Market Dynamics: Drivers: Growth in adoption of autonomous artificial intelligence Rise in technological advancements and innovations. Advancements in deep learning and growth of data-based artificial intelligence Restraints: Shortage of skilled artificial intelligence professionals. Issues related to data availability and quality Opportunities: Rapid growth in digital data from various sources. Rise in investment in research & development by businesses and governments List of Top Companies in Artificial Intelligence (AI) Market: Microsoft (US) IBM (US) Google (US) AWS (US) NVIDIA (US) Anthropic (US) Cerebras (US) OpenAI (US) Anduril Industries (US) Cohere (Canada) Get Sample Report @ Recent AI advancements are revolutionizing various business sectors. AI robots with learning capabilities, including emotion interpretation, enhance human-robot interactions and customer service. AI-based cybersecurity uses machine learning to detect and respond to threats, bolstering organizational defenses. In healthcare, AI X-ray diagnostics enable rapid, accurate disease detection. Smartphone apps integrate AI for personalized recommendations and improved user experiences. In FinTech, AI enables better fraud detection, ...