The Artificial Intelligence (AI) in accounting market size is expected to grow from USD 666 million in 2019 to USD 4,791 million by 2024, at a Compound Annual Growth Rate (CAGR) of 48.4% during the forecast period. The AI in accounting is driven by various factors, such as the growing need to automate accounting processes and support enhanced data-based advisory and decision making. However, growing concerns over high criticality of data volume and quality, and investment related issues with integration of AI in accounting can hinder the growth of the market. Services segment to grow at a higher CAGR during the forecast period The AI in accounting market based on component is segmented into solutions and services.The services segment is expected to grow at a rapid pace during the forecast period. The growth of this segment can be attributed to the increasing deployment of AI in accounting software tools and solutions, which leads to increasing the demand for pre- and post-deployment services.

The "Artificial Intelligence in Accounting Market by Component, Deployment Mode, Technology, Enterprise Size, Application (Automated Bookkeeping, Fraud and Risk Management, and Invoice Classification and Approvals), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering. The Artificial Intelligence (AI) in Accounting Market Size is Expected to Grow from USD 666 Million in 2019 to USD 4,791 Million by 2024, at a CAGR of 48.4% The AI in accounting is driven by various factors, such as the growing need to automate accounting processes and support enhanced data-based advisory and decision making. However, growing concerns over high criticality of data volume and quality, and investment related issues with the integration of AI in accounting can hinder the growth of the market. The AI in the accounting market based on component is segmented into solutions and services. The services segment is expected to grow at a rapid pace during the forecast period.

WHETHER to maintain patient records or help analyze sophisticated medical images like those from a CT scan or an MRI machine, computers have always played an important role in healthcare. The medical fraternity understands how computers help make their job better and easier. For them, the transition to AI-powered devices has been almost natural and is a journey most healthcare professionals look forward to. According to a new report published by Allied Market Research, the global AI in healthcare market was valued at US$1,441 million in 2016, and is estimated to reach at US$22.79 billion by 2023, registering a CAGR of 48.7 percent from 2017 to 2023. The study indicates that North America was the highest contributor in the AI in healthcare market in 2016.

PUNE, India, Nov. 3, 2016 /PRNewswire-iReach/ -- The need to enhance the decision-making capability of machines is driving the Machine Learning as a service (MLaaS) market. MLaaS with the help of pattern recognition, advanced analytical methodologies, and APIs is able to make better decisions. With the use of machine learning algorithm, decision-making abilities improve over time without being explicitly programmed. However, the lack of skilled consultants to deploy machine learning services and government and compliance issues are limiting the growth of MLaaS solutions in the market. Healthcare industry among all the verticals is expected to gain the maximum traction during the forecast period.