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Global Artificial Intelligence (AI) Platform Market size was valued at USD 31.4 billion in 2022 and is poised to grow from USD 41.26 billion in 2023 to USD 366.93 billion by 2031, growing at a CAGR of 31.41% in the forecast period (2024-2031). 

The global artificial intelligence (AI) platform market is highly competitive and is trying to establish its niche in the industry. Well-known companies such as Adobe Inc., Google LLC, IBM Corporation, SAS Institute Inc. and comScore dominate the market. These players are key industry players who claim their strength lies in their vast technological capabilities, innovative solution offerings, and vast global networks that help deliver critical digital intelligence strategies covering multiple industry levels new and smaller competitors trying to diversify also add to the competitive landscape, offering niche solutions that reframe traditional values. 'Adobe Systems', 'IBM', 'SAS Institute', 'Evergage', 'Google', 'Mixpanel', 'Optimizely', 'Webtrekk', 'New Relic', 'Localytics', 'Cxense', 'MindSEO', 'Bertin IT', 'EXL', 'Char Software Inc. and Others'

One of the primary elements that force the worldwide virtual intelligence platform marketplace is the rise in attention approximately statistics-pushed choice-making throughout various industries. Organizations realize the significance of using data to advantage information approximately purchaser behavior, cutting-edge market tendencies, and operational efficiencies. The creation of virtual intelligence systems becomes vital in supporting within the collection, processing, and interpretation of huge volumes of records that aid knowledgeable choice-making methods. 

Focus on Real-time Analytics: The market trend towards real-time analytics is gaining popularity as companies seek instant, statistics-driven decision-making. There is a growing call for digital intelligence systems that provide real-time analytics capabilities, enabling businesses to react more quickly to changing market conditions, consumer choice and evolving trends. 

North America is emerging as a dominant region in the Global artificial intelligence (AI) platform market. It accounted for 30.5% of the market share in 2023. North America leads the artificial intelligence (AI) platform market due to the presence of key market players, sound technology infrastructure and wide adoption of digital solutions. Furthermore, focuses on digital transformation in various sectors such as finance, healthcare and retail in this region supports the importance of digital intelligence platform. The governments are also investing and providing funding for AI research and development in this region. These initiatives are also contributing to the dominance of this region. The use of AI platforms in different fields such as in transportation and healthcare also drives growth in this region. 

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Global Artificial Intelligence Platform Market

Product ID: SQMIG45A2300