As per the report of Fortune Business Insights, the global generative AI market size is projected to grow from $43.87 billion in 2023 to $667.96 billion by 2030, at a CAGR of 47.5% during the forecast period. The global generative AI market size is projected to grow from $43.87 billion in 2023 to $667.96 billion by 2030, at a CAGR of 47.5% during the forecast period. Generative Artificial Intelligence is a form of machine learning that can create new content, including code, audio, images, simulations, text, and videos. It is a subset of artificial intelligence that practices neural networks to recognize the patterns and structures within existing data to generate new content.
As per the report of Future marketing Insights, the global artificial intelligence in telecommunication market size is projected to be valued at US$1,180.9 million in 2023 and is anticipated to reach US$ 14,496 million by 2033, with a notable CAGR of 28.5% from 2023 to 2033. The adoption of 5G technologies in mobile networks, as well as the growing demand for effective network management solutions, have been artificial intelligence in the telecommunication market growth. Also, increased AI-embedded smartphone penetration and the increased acceptance of AI solutions in various telecom applications are expected to boost the demand for artificial intelligence in telecommunication.
As per a report by CB Insights State of AI Q2’23 Report the Global AI funding in Q2’23 dropped 38% QoQ, but remained on par with Q4’22. The average AI deal size was up 48% in 2023 YTD driven by mega-rounds. Seven new AI unicorns including 5 generative AI companies. The M&A deals increased by 13% QoQ, while public exits remained subdued. The Funding to Canada’s AI startups surges by 13x QoQ.
As per the report of Mordor Intelligence report, the Cloud Enterprise Management Market size is expected to grow from USD 30.18 billion in 2023 to USD 64.30 billion by 2028, at a CAGR of 16.33% during the forecast period (2023-2028).
According to the report of Mordor Intelligence report, the Internet of Things (IoT) Market size is expected to grow from USD 1.02 trillion in 2023 to USD 2.06 trillion by 2028, at a CAGR of 15.12% during the forecast period (2023-2028).