From 2022 to 2030, the X-ray imaging systems segment is projected to maintain its lead in the Medical Digital Imaging System market, as per the recent analysis. The segment emerged as the dominant method in 2021, with the increasing prevalence of cardiovascular, respiratory, and gastrointestinal disorders driving the demand for X-ray imaging systems. Furthermore, the rising demand for minimally invasive procedures supports the market's growth. Technological advancements, such as portable and wireless X-ray devices, are expected to expand the segment further. SkyQuest's research suggests that the Asia Pacific region is also a major player in the Medical Digital Imaging System market.

Ottawa, April 19, 2022 (GLOBE NEWSWIRE) -- The global artificial intelligence (AI) market size was valued at US$ 87.04 billion in 2021. The artificial intelligence technology has gained a rapid traction since its introduction in the market. The rising demand for artificial intelligence technology across various induce verticals such as a retail, BFSI, healthcare, food and beverages, automotive, and logistics is significantly contributing towards the growth of the global artificial intelligence market. Furthermore, the rising adoption of the AI technology in the pharmaceutical manufacturing is expected to have a significant impact on the market growth in the forthcoming years. The biopharmaceutical companies are increasingly adopting the artificial intelligence technology in various applications such as research, drug discovery, and clinical trials, which is significantly fueling the demand for artificial intelligence technology across the globe. The growing penetration of advanced digital technologies across the globe in various application is supporting the growth of the AI market.

The global automotive artificial intelligence market is expected to grow at a CAGR of 39.8% from 2019 to reach $15.90 billion by 2027 with Asia Pacific automotive artificial intelligence market expected to grow at the highest CAGR. In modern digital society, artificial intelligence is becoming a dynamic business norm. The adoption of automotive artificial intelligence is routing in a new era allowing the companies to track their operations, augment business strategies, enhance in-car user experience, develop autonomous and semi-autonomous vehicles, and provide a better outcome in the digital world. The growth of the global automotive artificial intelligence market is primarily driven by factors, such as growing demand for autonomous vehicles, adoption of advanced automotive solutions, growing adoption of artificial intelligence for traffic management, government initiatives and investments in connected and autonomous vehicles. However, the lack of infrastructure coupled with the high procurement and operational costs are the major hindrances to market growth. The global market for autonomous vehicles has witnessed remarkable growth in recent years.

Artificial Intelligence in the Automotive market is set to grow from its current market was valued at over USD 1 billion in 2019 to USD 12 billion by 2026, according to a new research report by Global Market Insights, Inc. Growing demand for assistive technologies for an increase in driving comfort and safety will foster artificial intelligence in automotive market share in the forthcoming years. AI-powered vehicle systems are being heavily capitalized upon by the manufacturers as they have been launching new features in the vehicles that include lane assistance, adaptive cruise control and automated parking. For instance, Toyota had announced the launch of driver assistance systems of level-4 to enable automatic valet parking in the cars that are going to be launched in the future. The technology has been built with Panasonic and has expensive sensors that offer affordable parking help solutions to all the Toyota customers. There are several artificial intelligence in automotive market players that have been involved in the development of these technologies such as Audi AG., Daimler AG, Ford Motor Company, Harman International Industries, Inc., IBM Corporation, Microsoft Corporation, Alphabet Inc., BMW AG, Didi Chuxing, General Motors, Honda Motor Co., Ltd., Tesla, Uber Technologies and Volvo Car Corporation, among others.

How scarce is AI talent in India? As Artificial Intelligence starts dominating the market, India does stare at a significant talent shortage just like the global market where AI has taken over low-skilled IT jobs. A LinkedIn report on the Digital Workforce Future states that India is like a testing ground for some of the most exciting applications of AI such as Microsoft's application that helps farmers in predicting crop yields in the agriculture sector, to Google's Deep Learning application that detects diabetes-related eye diseases in health care.

It won't be a surprise if most people familiar with artificial intelligence equate it to Watson. IBM Watson became an overnight star when it participated in the quiz show Jeopardy!, defeating former winners Brad Rutter and Ken Jennings. That was some four years ago. But now when artificial intelligence is slowly climbing the mainstream technology ladder, will enterprises intelligently use cognitive computing in 2016? Well, even Watson will find it difficult to answer.