Global AI Market Research Report 2023: A $282 Billion Market by 2027 - Greatest AI Market ROI is Realized through Integration with IoT and 5G for Improved Solutions
DUBLIN, Feb. 17, 2023 /PRNewswire/ -- The "AI Market by Technology Type, Deployment Method, Solution Type, Integration (Technologies, Networks, and Devices) and Industry Verticals 2023 - 2028" report has been added to ResearchAndMarkets.com's offering.
This report evaluates the AI technology and solutions market, including an analysis of leading AI vendors, strategies, solutions and applications. The report assesses the state of AI development, implementation, and operation. The report analyzes the forecasts AI market sizing for by technology type, deployment method, solution type, network and technology integration, and by industry verticals from 2023 through 2028.
The AI segment is currently very fragmented, characterized by most companies focusing on silo approaches to solutions. Longer-term, the publisher sees many solutions involving multiple AI types as well as integration across other key areas such as the Internet of Things (IoT) and data analytics.
There are many potential use cases for AI within the cybersecurity domain. For example, AI may be used in IoT to bolster security, safeguard assets, and reduce fraud. There are varying opinions about security in IoT.
For example, some companies favor a distributed(decentralized) approach whereas other companies believe a more centralized approach leveraging strictly centralized cloud architecture makes more sense. We see little possibility in which signature-based security solutions will work with IoT in an edge computing environment for a variety of reasons including the limitation on the throughput of communications between distributed endpoints and centralized cloud.
AI has various advantages including the fact that it is a more lightweight application (because it does not require all the data that comes with tracking digital signatures/code for known viruses), more effective in identifying malware, easier and less costly to maintain as there is no need to constantly identify new malware code. This is all because AI-based security is looking for malicious behaviors rather than known malicious code.
Longer-term, AI will move beyond fraud prevention and prevention of malicious acts as AI will be used to feed advanced analytics and decision making. This will be especially true in IoT solutions involving real-time data as AI will be used to make determinations for autonomous actions.
Consumer-facing apps and services supported by AI are many and varied including chatbots and Virtual Personal Assistants (VPA) in support of customer care and lifestyle enhancement. The automobile industry is another example in which AI is becoming increasingly useful, both in the near term for solutions such as the inclusion of VPAs, and longer-term use cases such as support of self-driving vehicles.
Another consumer market area in which AI will be integrated is wearable technology. As wearables become more mainstream and integrate into everyday life with increasing dependency, there will be a need for integration with Artificial Intelligence, Big Data, and Analytics.
AI is expected to have a big impact on data management. However, the impact goes well beyond data management as we anticipate that these technologies will increasingly become part of every network, device, application, and service. One area important to enterprise will be Intelligent Decision Support Systems (IDSS), which are a form of Expert System that utilize AI to optimize decision making. IDSS will be used in many fields including agriculture, medicine, urban development, and other areas. IDSS will also be used in policy making and strategy at the highest levels of enterprises as well as governmental organizations.
Select Report Findings:
1.0 Executive Summary
3.0 Technology and Application Analysis
4.0 AI Ecosystem Analysis
5.0 Market Analysis and Forecasts 2023 - 2028
6.0 Conclusions and Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/87xijz-market-by?w=5
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