The global composite AI market size was exhibited at USD 1,119 million in 2024 and is projected to hit around USD 25,874 million by 2034, growing at a CAGR of 36.9% during the forecast period 2024 to 2034.
The composite AI market refers to the production, distribution, and use of this AI, which integrates multiple artificial intelligence models and technologies to create a more comprehensive and advanced AI system. It combines multiple types of artificial intelligence like casual, predictive, and generative AI to address aspects of a problem or task for a more holistic intelligent solution. The benefits of this composite AI include improved user experience, cost efficiency, improved data utilization, increased innovation and creativity, and better handling of complex problems. There is a high demand for this AI in logistics, transportation logistics, manufacturing, retail, healthcare, and BFSI, which is driving the growth of the composite AI market.
However, the challenging factors of the market include climate change, high initial investment costs, supply chain disruptions, limited infrastructure, and lack of awareness, which can restrict the growth of the market. The future scope of the market includes increasing investment in research and development, investment in infrastructure development, improvement in supply chain management, improvement in productivity, and advancement in technologies, all of which will help the growth of the composite AI market.
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| Stats ID: | 7517 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7517 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
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