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PORTLAND, OR, USA, UNITED STATES, November 9, 2022 / / -- Increase in investment by companies in & machine learning and rise in preference for personalized insurance services boost the growth of the global market. Allied Market Research published a report, titled, 'AI in Insurance Market by Offering (Hardware, Software, Service), by Deployment Model (On-premise, Cloud), by Technology (Machine Learning, Natural Language Processing, Computer Vision, Others), by Enterprise Size (Large Enterprises, SMEs), by End-user (Life and Health Insurance, Property and Casualty Insurance), by Application (Fraud Detection and Credit Analysis, Customer Profiling and Segmentation, Product and Policy Design, Underwriting and Claims Assessment): Global Opportunity Analysis and Industry Forecast, 2021-2031'. According to the report, the global AI in insurance industry generated $2.74 billion in 2021, and is anticipated to generate $45.74 billion by 2031, witnessing a CAGR of 32.5% from 2022 to 2031. Increase in investment by insurance companies in AI & machine learning, surge in collaboration between insurance companies and AI & machine learning solution companies, and rise in preference for personalized insurance services boost the growth of the global AI in insurance market. However, high deployment cost of AI & advanced machine learning and lack of skilled labor hamper the market growth. On the contrary, increase in government initiatives and rise in investments to leverage the AI technology are expected to offer remunerative opportunities for expansion of the market during the forecast period.

The global AI in retail market size is anticipated to reach USD 40.74 billion by 2030, expanding at a CAGR of 23.9% from 2022 to 2030, according to a new study by Grand View Research, Inc. The rising prominence of advanced technologies, such as chatbots and voice recognition programs, has furthered the growth potential. Moreover, the emerging online retail sales, increasing focus of retailers on improving customers' shopping experience, rising reliance on digital marketing, and growing investments in AI, accompanied by supportive government regulations, are the crucial factors contributing to the progress of the industry worldwide. Read 145 page full market research report for more Insights, "AI In Retail Market Size, Share & Trends Analysis Report By Component, By Technology (Chatbots, Natural Language Processing), By Sales Channel, By Application, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research. AI algorithms play a pivotal role in assessing a considerable amount of data collated from consumers' online behavior.

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Artificial Intelligence (AI) is the technology that allows machines to make intelligent decisions while applying the required skills. Global Artificial Intelligence (AI) in Construction Market was valued at US$ 449.7 million in the year 2018 and is expected to reach US$ 2,107.8 million by the year 2023, growing at a CAGR of 36.2%. The rising need for safety and security in the construction sector, coupled with an increasing demand for reducing the overall cost, is expected to drive the market. However, the complexity of the algorithms which has led to slower adoption of AI in the construction sector, is expected to hinder the growth of the market. The report overview includes studying the market scope, leading players like IBM (US), Alice Technologies (US), Aurora Computer Services (UK), Autodesk (US), Building System Planning (US), eSUB (US), etc., market segments and sub-segments, market analysis by type, application, geography.

Portland, OR, Sept. 30, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global AI in Healthcare Market generated $8.23 billion in 2020, and is estimated to reach $194.4 billion by 2030, growing at a CAGR of 38.1% from 2021 to 2030. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players. Development in computing power, reduction in hardware costs, surge in a number of cross-industry collaborations, partnerships, and increase in the imbalance between the health workforce and patients are the factors that drive the growth of the global AI in healthcare market. Rise of advanced hardware systems will improve the efficiency and effectiveness of AI software, and hence open many doors of opportunities to the market players. However, limited acceptance from healthcare professionals, owing to the risk of injury and misinterpretation is anticipated to hamper the growth of global AI in healthcare market.

Dublin, July 20, 2021 (GLOBE NEWSWIRE) -- The "Global Artificial Intelligence (AI) in Operating Room Market: Focus on Offering, Technology, Indication, Application, End User, Unmet Demand, Cost-Benefit Analysis, and Over 16 Countries' Data - Analysis and Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering. The purpose of the study is to enable the reader to gain a holistic view of the global AI in the operating room market by each of the aforementioned segments. The report constitutes an in-depth analysis of the global AI in the operating room market, including a thorough analysis of the applications. The study also provides market and business-related information on various products, applications, technologies, and end users. The report considers software solutions and hardware solutions integrated with AI. "I think these are exciting times. Not considering the buzz around AI, ultimately, it is an enabler to do things at scale and quickly. It needs to serve a higher purpose that provides surgeons or other stakeholders in the healthcare ecosystem with value. The real value that a company provides with AI is the key component. This technology can be leveraged to tackle the disparity in the world of surgery".

A newly published study on Global AI & Machine Learning Operationalization Software Market the report observes numerous in-depth, influential and inducing factors that outline the market and industry. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global AI & Machine Learning Operationalization Software market. This report forecasts demands, Trends, and revenue growth at regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2021 to 2026. The global AI & Machine Learning Operationalization Software Market to grow with a CAGR of 44.2% over the forecast period of 2021-2026.

Artificial Intelligence (AI) is largely helping the oil & gas industry to shape its future. AI is predicted to highly impact the oil and gas industry over the coming years. Artificial intelligence has a number of potential applications in the oil and gas industry, from surveying to planning and forecasting, and facility management to safety. AI is being used for predicting equipment failure and scheduling maintenances in oilfields. A MarketsandMarkets report estimates, the global AI in Oil & Gas Market is expected to grow at a CAGR of 12.66%, from 2017 to 2022, to reach a projected market value of USD 2.58 Billion by 2022.

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