Finalytica April 2024 : Latest Happenings

As per the report by Fortune Business Insights, the global artificial intelligence (AI) market has valued at USD 515.31 billion in 2023 and is projected to grow from USD 621.19 billion in 2024 to USD 2740.46 billion by 2032, exhibiting a CAGR of 20.4% during the forecast period (2024-2032). In 2024, generative AI is expected to continue its expansion across industries globally. According to a report presented by Bloomberg Intelligence (BI), the generative AI market is expected to grow exponentially to USD 1.3 trillion in the coming decade, achieving a USD 40 billion market size by 2022.
As per report by Expert Market Research, the global data science platform market size was approximately USD 155.41 billion in 2023. The market is assessed to grow at a CAGR of 20.4% between 2024 and 2032, reaching a value of USD 859.79 billion by 2032.
As per the report by Mordor Intelligence, the India Big Data Technology & Service Market size is estimated at USD 2.17 billion in 2024, and is expected to reach USD 3.38 billion by 2029, growing at a CAGR of 7.66% during the forecast period (2024-2029).
As per report by Research and Markets, the global market for GPS (Global Positioning Systems) estimated at US$145.1 Billion in the year 2023, is projected to reach a revised size of US$473.4 Billion by 2030, growing at a CAGR of 15.9% over the analysis period 2023-2030. Consumer GPS Devices, one of the segments analyzed in the report, is expected to record 17.2% CAGR and reach US$254.9 Billion by the end of the analysis period. Growth in the Automotive Telematics segment is estimated at 15% CAGR for the next 8-year period.

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