New York, Feb. 16, 2023 (GLOBE NEWSWIRE) -- According to a report published by Next Move Strategy Consulting, the global Artificial Intelligence (AI) Market size generated USD 95.60 billion in 2021 and is projected to generate USD 1,847.58 billion by 2030, witnessing a CAGR of 32.9% from 2022 to 2030. The research offers a detailed analysis of the drivers, restraints, and opportunities to elucidate the changing dynamics of the market. Moreover, the research analyzes the major segments and their sub-segments to determine the fastest-growing and highest revenue-generating segments. This report aims to guide market players, investors, and startups in devising strategies to achieve sustainable growth in the next few years, covering all aspects of the industry with comprehensive analysis in 530 pages, accompanied by 391 tables and 351 figures. Furthermore, the research examines the impact of COVID-19 on the global EV charging market share.

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.

Also, the use of AR and VR in designing & assembling phase is benefitting automotive companies significantly. For example, designing and visualizing the vehicle in AR and VR technology assists designers in visualizing the body structure of a vehicle to improve efficiency, safety, and durability. Allied Market Research recently published a report, titled, "Automotive AR and VR Market by Type (Augmented Reality (AR) and Virtual Reality (VR)) and Application (Research & Development, Manufacturing & Supply, Marketing & sales, Aftersales, Support Functions, and Product): Global Opportunity Analysis and Industry Forecast, 2018 - 2025". According to the report, the global automotive AR and VR market was valued at $213.0 million in 2017 and is expected to reach $673.60 billion by 2025, growing at a CAGR of 175.7% during the forecast period.

At Entosystem, we were on the search of a credible market research partner in the field of alternative protein as we had some very important projects running to scale up our business. Our search has ended with Meticulous Research with whom we have developed a great partnership for our market intelligence needs in this sector. Their dedication to our projects is evident in all aspects of the data they deliver. We appreciate their attention to detail and rigorous approach to deliver us in-depth insights on the alternative protein industry.

The global computer vision market size was valued at $9.45 billion in 2020, and is projected to reach $41.11 billion ... Read More

The "AI and Advance Machine Learning in BFSI Market By Component, Deployment Model, Enterprise Size and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering. In addition, an increase in investment by BFSI companies in AI and machine learning and a rise in customer preferences for personalized financial services boost the growth of the market across the globe. However, factors such as the higher deployment cost of AI and advance machine learning and lack of skilled labor are limiting the growth of the market. On the contrary, the surge in the adoption of modern applications in the BFSI sector is expected to offer remunerative opportunities for the expansion of the market during the forecast period. The global AI and advance machine learning in BFSI market is segmented into component, deployment model, enterprise size, application and region.

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.

Artificial intelligence (AI) is the simulation of human intelligence processes by machines, especially computer systems. It is an area of ... Read More

In 2016, North America dominated the global market, in terms of revenue, accounting for about 49.0% share of the global market, followed by Europe. AI is associated to human intelligence with similar characteristics such as language understanding, reasoning, learning, problem solving, and other. The market for artificial intelligence is primarily driven by the improved productivity, diversified application areas, increased customer satisfaction, and big data integration. However, lack of skilled workforce and threat to human dignity & other threats are some of the restraints of the market. Nonetheless, the impact of these factors is expected to be minimal due to the introduction of new technologies in the market.