From GlobeNewswire: 2024-05-06 13:39:00

The Global AI Data Management Market is set to reach USD 34.7 billion by 2024 and USD 260.3 billion by 2033, with a projected CAGR of 25.1%. Text and audio data will drive the market, with ML technology leading due to the demand for AI solutions. North America is expected to lead, with Asia Pacific showing rapid growth.

The AI Data Management Market is expected to grow by USD 225.6 billion by 2033 with a CAGR of 25.1%. Text and audio data will be key drivers, with ML technology leading. The government & defense sector is set to dominate in 2024, with North America leading the market and Asia Pacific poised for rapid growth.

The AI Data Management Market is set to grow significantly, with North America leading in revenue share in 2024. The adoption of AI-driven solutions, federated learning, explainable AI, and edge computing integration are emerging trends. Key players include Microsoft, IBM, AWS, Google, SAP, and Salesforce, focusing on innovation and strategic alliances.

North America is expected to lead the AI data management market with a 44.4% revenue share in 2024, driven by innovation. Asia Pacific is anticipated to show rapid growth due to digital transformation initiatives. Key sectors using AI include government & defense, healthcare, and life sciences. AI solutions integrating ML algorithms are in high demand.



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