April 24, 2024
ICT

Adaptive AI Market Size to Garner USD 24.63 Billion by 2033

The global adaptive AI market size was estimated to be around US$ 0.73 billion in 2023 and is projected to reach US$ 24.63 billion by 2033, indicating a CAGR of 42.10% from 2023 to 2032.

Key Takeaways

  • North America contributed more than 38% of market share in 2023.
  • Asia-Pacific is estimated to expand the fastest CAGR between 2024 and 2033.
  • By component, the platform segment has held the largest market share of 53% in 2023.
  • By component, the services segment is anticipated to grow at a remarkable CAGR of 43.9% between 2024 and 2033.
  • By application, the offline learning and adaptation segment generated over 29% of the market share in 2023.
  • By application, the real-time adaptive AI segment is expected to expand at the fastest CAGR over the projected period.
  • By technology, the deep learning segment generated over 36% of market share in 2023.
  • By technology, the machine learning segment is expected to expand at the fastest CAGR over the projected period.
  • By end-use, the BFSI segment generated over 22% of the market share in 2023.
  • By end-use, the healthcare & life sciences segment is expected to expand at the fastest CAGR over the projected period.

Adaptive AI Market Size 2024 To 2033

The Adaptive AI market is rapidly evolving, driven by advancements in artificial intelligence and machine learning. Adaptive AI refers to intelligent systems that can learn and adjust their behavior based on real-time data and changing environments. This technology has gained significant traction across various industries due to its ability to enhance decision-making processes, automate tasks, and optimize operational efficiency. As organizations increasingly recognize the value of adaptive AI, the market is experiencing substantial growth, with a diverse range of applications emerging.

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Growth Factors

Several factors contribute to the robust growth of the Adaptive AI market. The increasing volume of data generated across industries, coupled with the need for dynamic and responsive systems, fuels the demand for adaptive AI solutions. Additionally, advancements in deep learning algorithms and neural networks empower these systems to continuously improve their performance. The rising adoption of adaptive AI in sectors such as healthcare, finance, and manufacturing is a key driver, as organizations seek innovative solutions to gain a competitive edge. The scalability and versatility of adaptive AI further contribute to its expanding market presence.

Adaptive AI Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 42.10%
Global Market Size in 2023 USD 0.73 Billion
Global Market Size by 2033 USD 24.63 Billion
U.S. Market Size in 2023 USD 0.19 Billion
U.S. Market Size by 2033 USD 6.59 Billion
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Component, By Application, By Technology, and By End-use
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: Strapping Materials Market Size to Attain USD 10 Bn By 2033

Opportunities

The Adaptive AI market presents promising opportunities for both vendors and end-users. As businesses focus on digital transformation, there is a growing need for intelligent systems that can adapt to changing circumstances. Opportunities abound in sectors such as predictive analytics, personalized user experiences, and autonomous decision-making. The integration of adaptive AI in areas like cybersecurity and fraud detection offers significant potential for mitigating risks. Additionally, as the technology matures, opportunities for creating tailored solutions to address specific industry challenges are on the rise.

Challenges

Despite the promising outlook, the Adaptive AI market faces certain challenges. Ethical considerations related to data privacy and bias in algorithmic decision-making raise concerns among users and regulatory bodies. The complexity of implementing adaptive AI systems, particularly in legacy infrastructures, poses a hurdle for widespread adoption. Furthermore, the need for substantial computing power and data storage can be cost-prohibitive for some organizations. Balancing the quest for innovation with the responsible use of AI technology is an ongoing challenge, requiring industry collaboration and thoughtful regulatory frameworks.

Reasons to Purchase this Report:

  • Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
  • In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
  • Market size in USD million and volume in million units provided for each segment and sub-segment.
  • Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
  • Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

Adaptive AI Market Companies

  • General Electric
  • Siemens AG
  • ABB Ltd.
  • Schneider Electric SE
  • IBM Corporation
  • Cisco Systems, Inc.
  • Oracle Corporation
  • Itron, Inc.
  • Honeywell International Inc.
  • Eaton Corporation
  • Landis+Gyr AG
  • Sensus (Xylem Inc.)
  • Huawei Technologies Co., Ltd.
  • Toshiba Corporation
  • Aclara Technologies LLC

Segments Covered in the Report

By Component

  • Platform
  • Services

By Application

  • Real-time Adaptive AI
  • Offline Learning and Adaptation
  • Context-aware Adaptation
  • Autonomous Decision-Making
  • Others

By Technology

  • Machine Learning
  • Deep Learning
  • Reinforcement Learning
  • Natural Language Processing (NLP)
  • Computer Vision

By End-use

  • BFSI
  • Healthcare & Life Sciences
  • IT & Telecommunications
  • Aerospace & Defense
  • Manufacturing
  • Retail & E-commerce
  • Media & Entertainment
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Adaptive AI Market 

5.1. COVID-19 Landscape: Adaptive AI Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Adaptive AI Market, By Component

8.1. Adaptive AI Market, by Component, 2024-2033

8.1.1. Platform

8.1.1.1. Market Revenue and Forecast (2021-2033)

8.1.2. Services

8.1.2.1. Market Revenue and Forecast (2021-2033)

Chapter 9. Global Adaptive AI Market, By Application

9.1. Adaptive AI Market, by Application, 2024-2033

9.1.1. Real-time Adaptive AI

9.1.1.1. Market Revenue and Forecast (2021-2033)

9.1.2. Offline Learning and Adaptation

9.1.2.1. Market Revenue and Forecast (2021-2033)

9.1.3. Context-aware Adaptation

9.1.3.1. Market Revenue and Forecast (2021-2033)

9.1.4. Autonomous Decision-Making

9.1.4.1. Market Revenue and Forecast (2021-2033)

9.1.5. Others

9.1.5.1. Market Revenue and Forecast (2021-2033)

Chapter 10. Global Adaptive AI Market, By Technology 

10.1. Adaptive AI Market, by Technology, 2024-2033

10.1.1. Machine Learning

10.1.1.1. Market Revenue and Forecast (2021-2033)

10.1.2. Deep Learning

10.1.2.1. Market Revenue and Forecast (2021-2033)

10.1.3. Reinforcement Learning

10.1.3.1. Market Revenue and Forecast (2021-2033)

10.1.4. Natural Language Processing (NLP)

10.1.4.1. Market Revenue and Forecast (2021-2033)

10.1.5. Computer Vision

10.1.5.1. Market Revenue and Forecast (2021-2033)

Chapter 11. Global Adaptive AI Market, By End-use 

11.1. Adaptive AI Market, by End-use, 2024-2033

11.1.1. BFSI

11.1.1.1. Market Revenue and Forecast (2021-2033)

11.1.2. Healthcare & Life Sciences

11.1.2.1. Market Revenue and Forecast (2021-2033)

11.1.3. IT & Telecommunications

11.1.3.1. Market Revenue and Forecast (2021-2033)

11.1.4. Aerospace & Defense

11.1.4.1. Market Revenue and Forecast (2021-2033)

11.1.5. Manufacturing

11.1.5.1. Market Revenue and Forecast (2021-2033)

11.1.6. Retail & E-commerce

11.1.6.1. Market Revenue and Forecast (2021-2033)

11.1.7. Media & Entertainment

11.1.7.1. Market Revenue and Forecast (2021-2033)

11.1.8. Others

11.1.8.1. Market Revenue and Forecast (2021-2033)

Chapter 12. Global Adaptive AI Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Component (2021-2033)

12.1.2. Market Revenue and Forecast, by Application (2021-2033)

12.1.3. Market Revenue and Forecast, by Technology (2021-2033)

12.1.4. Market Revenue and Forecast, by End-use (2021-2033)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Component (2021-2033)

12.1.5.2. Market Revenue and Forecast, by Application (2021-2033)

12.1.5.3. Market Revenue and Forecast, by Technology (2021-2033)

12.1.5.4. Market Revenue and Forecast, by End-use (2021-2033)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Component (2021-2033)

12.1.6.2. Market Revenue and Forecast, by Application (2021-2033)

12.1.6.3. Market Revenue and Forecast, by Technology (2021-2033)

12.1.6.4. Market Revenue and Forecast, by End-use (2021-2033)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Component (2021-2033)

12.2.2. Market Revenue and Forecast, by Application (2021-2033)

12.2.3. Market Revenue and Forecast, by Technology (2021-2033)

12.2.4. Market Revenue and Forecast, by End-use (2021-2033)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Component (2021-2033)

12.2.5.2. Market Revenue and Forecast, by Application (2021-2033)

12.2.5.3. Market Revenue and Forecast, by Technology (2021-2033)

12.2.5.4. Market Revenue and Forecast, by End-use (2021-2033)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Component (2021-2033)

12.2.6.2. Market Revenue and Forecast, by Application (2021-2033)

12.2.6.3. Market Revenue and Forecast, by Technology (2021-2033)

12.2.6.4. Market Revenue and Forecast, by End-use (2021-2033)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Component (2021-2033)

12.2.7.2. Market Revenue and Forecast, by Application (2021-2033)

12.2.7.3. Market Revenue and Forecast, by Technology (2021-2033)

12.2.7.4. Market Revenue and Forecast, by End-use (2021-2033)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Component (2021-2033)

12.2.8.2. Market Revenue and Forecast, by Application (2021-2033)

12.2.8.3. Market Revenue and Forecast, by Technology (2021-2033)

12.2.8.4. Market Revenue and Forecast, by End-use (2021-2033)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Component (2021-2033)

12.3.2. Market Revenue and Forecast, by Application (2021-2033)

12.3.3. Market Revenue and Forecast, by Technology (2021-2033)

12.3.4. Market Revenue and Forecast, by End-use (2021-2033)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Component (2021-2033)

12.3.5.2. Market Revenue and Forecast, by Application (2021-2033)

12.3.5.3. Market Revenue and Forecast, by Technology (2021-2033)

12.3.5.4. Market Revenue and Forecast, by End-use (2021-2033)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Component (2021-2033)

12.3.6.2. Market Revenue and Forecast, by Application (2021-2033)

12.3.6.3. Market Revenue and Forecast, by Technology (2021-2033)

12.3.6.4. Market Revenue and Forecast, by End-use (2021-2033)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Component (2021-2033)

12.3.7.2. Market Revenue and Forecast, by Application (2021-2033)

12.3.7.3. Market Revenue and Forecast, by Technology (2021-2033)

12.3.7.4. Market Revenue and Forecast, by End-use (2021-2033)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Component (2021-2033)

12.3.8.2. Market Revenue and Forecast, by Application (2021-2033)

12.3.8.3. Market Revenue and Forecast, by Technology (2021-2033)

12.3.8.4. Market Revenue and Forecast, by End-use (2021-2033)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Component (2021-2033)

12.4.2. Market Revenue and Forecast, by Application (2021-2033)

12.4.3. Market Revenue and Forecast, by Technology (2021-2033)

12.4.4. Market Revenue and Forecast, by End-use (2021-2033)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Component (2021-2033)

12.4.5.2. Market Revenue and Forecast, by Application (2021-2033)

12.4.5.3. Market Revenue and Forecast, by Technology (2021-2033)

12.4.5.4. Market Revenue and Forecast, by End-use (2021-2033)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Component (2021-2033)

12.4.6.2. Market Revenue and Forecast, by Application (2021-2033)

12.4.6.3. Market Revenue and Forecast, by Technology (2021-2033)

12.4.6.4. Market Revenue and Forecast, by End-use (2021-2033)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Component (2021-2033)

12.4.7.2. Market Revenue and Forecast, by Application (2021-2033)

12.4.7.3. Market Revenue and Forecast, by Technology (2021-2033)

12.4.7.4. Market Revenue and Forecast, by End-use (2021-2033)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Component (2021-2033)

12.4.8.2. Market Revenue and Forecast, by Application (2021-2033)

12.4.8.3. Market Revenue and Forecast, by Technology (2021-2033)

12.4.8.4. Market Revenue and Forecast, by End-use (2021-2033)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Component (2021-2033)

12.5.2. Market Revenue and Forecast, by Application (2021-2033)

12.5.3. Market Revenue and Forecast, by Technology (2021-2033)

12.5.4. Market Revenue and Forecast, by End-use (2021-2033)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Component (2021-2033)

12.5.5.2. Market Revenue and Forecast, by Application (2021-2033)

12.5.5.3. Market Revenue and Forecast, by Technology (2021-2033)

12.5.5.4. Market Revenue and Forecast, by End-use (2021-2033)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Component (2021-2033)

12.5.6.2. Market Revenue and Forecast, by Application (2021-2033)

12.5.6.3. Market Revenue and Forecast, by Technology (2021-2033)

12.5.6.4. Market Revenue and Forecast, by End-use (2021-2033)

Chapter 13. Company Profiles

13.1. General Electric

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Siemens AG

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. ABB Ltd.

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Schneider Electric SE

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. IBM Corporation

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Cisco Systems, Inc.

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Oracle Corporation

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Itron, Inc.

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Honeywell International Inc.

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Eaton Corporation

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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