Market research firm ResearchAndMarkets forecasts a rise of the AI market from USD 273.6 billion to USD 5.26 trillion by 2035, driven by software, cloud-based services, and widespread adoption across key industries, enabling data-driven decision-making and automation.
Key points
- Forecast predicts AI market growth from $273.6B to $5.26T by 2035 at 30.84% CAGR.
- Software leads market share with broad use in NLP, computer vision, and ML across sectors.
- Cloud-based deployment segment expected to outpace on-premises in future growth due to scalability.
Q&A
- What does CAGR mean?
- Why is software dominating the AI market?
- How does cloud deployment affect AI adoption?
- What industries are driving AI growth?
- Why is regional growth fastest in Asia?