AI is Expected to Reach US$360.36 Billion in Revenue by 2028

As the field of artificial intelligence is progressing with spontaneous growth, Analytics Insight estimates artificial intelligence to reach US$ 360.36 billion in revenue by the year 2028, with a CAGR of 40.2% from 2021. The AI market is inclusive of a wide array of applications such as natural language processing, robotic process automation, and machine learning. AI-powered solutions and processes have transformed diverse sectors that include healthcare, information technology (IT), agriculture, education, electronics, and many more. Besides, there has also been a surge in profit maximization, cost management, swiftness, customer loyalty, and retention. The tech giants are the driving force behind the adoption of advanced technologies in the industry such as automotive, healthcare, retail finance, and manufacturing.