The Pivotal Role of Adaptive AI in Optimizing Business Operations

The global adaptive Artificial Intelligence (AI) market is anticipated to grow at a CAGR of 11.8% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of adaptive AI. Other factors contributing to industry growth are the availability of plentiful data, Continuous advancements in machine learning algorithms, increasing preference for customized solutions among businesses and consumers, expansive growth of the Internet of Things (IoT), widespread adoption of edge computing, and increasing acceptance for automation and decision support. Additionally, the combination of Robotic Process Automation (RPA) with Adaptive AI is also presenting a considerable growth opportunity for the market growth. 

Browse the full report description of “Adaptive AI Market Size, Share & Trends Analysis Report by Component (Platform and Services), by Technology (Machine Learning, Deep Learning, Reinforcement Learning, Natural Language Processing (NLP) and Computer Vision), by Application (Real-time Adaptive AI, Offline Learning and Adaptation, Context-aware Adaptation and Autonomous Decision-Making) and by End-User (BFSI, Healthcare & Life Sciences, IT & Telecommunications, Aerospace & Defense, Manufacturing, Retail & E-commerce and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/adaptive-ai-market

The global adaptive AI market is segmented by component (into platforms and services), technology (into machine learning, deep learning, reinforcement learning, natural language processing (NLP) and computer vision), application (into real-time adaptive AI, offline learning and adaptation, context-aware adaptation and autonomous decision-making), end-users (into BFSI, healthcare & life sciences, IT & telecommunications, aerospace & defense, manufacturing, retail & e-commerce and others (media & entertainment)), and geographies (into North America, Europe, Asia-Pacific, and the Rest of the World).

Market Highlights and Recent Developments

• The platform segment is expected to hold the largest market share. The segment is growing owing to the growing adoption of adaptive AI in manufacturing, retail, finance, and healthcare to accelerate the testing and deployment of advanced AI technologies, with a motive to transform and streamline operations.

• In April 2023, Fujitsu introduced the AI platform 'Fujitsu Kozuchi’. The platform enables customers from a wide range of industries, to utilize AI technologies for the unique business challenges they face with a portfolio of tools and software components based on Fujitsu’s advanced AI technologies.

• Additionally, the context-aware adaptation sub-segment is expected to hold a considerable market share, attributed to the growing adoption of Contextual AI systems to provide more relevant and personalized responses.

• In February 2024, Couchbase, Inc. introduced vector search as a new feature in Couchbase Capella™ Database-as-a-Service (DBaaS) and Couchbase Server to help businesses bring to market a new class of AI-powered adaptive applications that engage users in a hyper-personalized and contextualized way.

• Adaptive AI is witnessing a huge acceptance in the European region. For instance, according to the Gov.UK, in January 2022, around 15.0% of all businesses have adopted at least one AI technology, which translates to 432,000 companies. Around 2.0% of businesses adopted AI and 10.0% planned to adopt at least one AI technology in the future, equating to 62,000 and 292,000 businesses respectively.

• Furthermore, the IT and telecommunications (29.5%) and legal (29.2%) sectors currently have the highest rate of adoption, in the European region. The sectors hospitality (11.9%), health (11.5%), and retail (11.5%) have adoption rates.  

• Apart from Europe, North America holds a significant market share owing to the presence of prominent technology companies and research institutions specializing in image processing and related technologies in the region. 

• Adaptive AI is deployed extensively in the healthcare industry in the North American region, as it enables personalized treatment regimens, predictive analytics, and real-time patient monitoring. 

• For instance, in January 2024, Caspar.AI introduced contactless vitals & real-time bed monitoring solutions with Arcadia, Shellpoint, and Melur Meadows. Caspar.AI's patient-centric models enable remote healthcare providers to extend their services effectively into both facilities and home environments.

The major companies serving the global adaptive AI market include Amazon Web Services, Inc., Google LLC, IBM Corp., Microsoft Corp., and Oracle Corp., among others. The market players are contributing significantly towards market growth by the adoption of various business strategies. For instance, in March 2024, Usher's New Look (UNL) and IBM Corp. collaborated to provide free career readiness training through IBM SkillsBuild. With a focus on artificial intelligence (AI) and professional workplace skills, IBM provides UNL with training and customized learning plans for student learners. 

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/adaptive-ai-market