June 25, 2024
ICT

Adaptive AI Market Size Will be USD 24.63 Billion by 2033

The global adaptive AI market size was valued at USD 0.73 billion in 2023 and is projected to grow around USD 24.63 billion by 2033, growing  at a CAGR of 42.10% from 2024 to 2033.

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 a dynamic sector within the broader artificial intelligence landscape, characterized by the integration of machine learning algorithms capable of evolving and adapting in response to changing data and circumstances. This innovative technology empowers systems to enhance performance, decision-making, and problem-solving capabilities over time, creating a self-improving and resilient ecosystem.

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Growth Factors

The growth of the Adaptive AI market is fueled by an increasing demand for sophisticated, context-aware solutions across various industries. Businesses are seeking AI systems that can adapt to evolving scenarios, thereby improving efficiency and accuracy. The expansion of big data and the need for real-time decision-making further propel the market, as Adaptive AI provides a solution to complex and unpredictable data patterns.

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 Worth USD 10 Bn By 2033

Adaptive AI Market Dynamics

Drivers

Key drivers for the Adaptive AI market include the rising adoption of AI across sectors such as healthcare, finance, and manufacturing. The ability of adaptive algorithms to continuously learn from new data, user interactions, and feedback positions them as a powerful tool for customization and optimization. Additionally, the growing emphasis on personalized user experiences and the need for agile decision support systems contribute to the market’s upward trajectory.

Opportunities

Opportunities in the Adaptive AI market abound as organizations recognize the potential for tailored solutions. The expansion of adaptive learning applications in education, the development of personalized healthcare diagnostics, and the deployment of predictive maintenance in industries present lucrative avenues. Moreover, the increasing integration of Adaptive AI with Internet of Things (IoT) devices opens doors for innovative applications in smart homes and cities.

Challenges

Despite its potential, the Adaptive AI market faces challenges related to ethical considerations, data privacy, and the interpretability of evolving algorithms. Building trust in self-learning systems remains a hurdle, and the potential for bias in algorithmic decision-making requires careful attention. Standardization and regulatory frameworks are also critical challenges that the industry must navigate for sustained growth.

Regions Snapshot

The Adaptive AI market exhibits a global presence, with North America leading in terms of market share due to early adoption and technological advancements. Europe follows closely, with a focus on integrating Adaptive AI in industries such as manufacturing and healthcare. Asia-Pacific showcases significant growth potential, driven by increasing investments in AI research and development, particularly in countries like China and India.

Recent Developments

  • In February 2023, SAS Institute Inc. became a member of the Clean Energy Smart Manufacturing Innovation Institute (CESMII), a Smart Manufacturing Institute. This collaboration aims to advance the utilization of advanced analytics and artificial intelligence (AI) within the manufacturing sector.
  • In October 2022, Delta Bravo Artificial Intelligence Inc. joined the Cisco Digital Solutions Integrator (DSI) Program. Chosen as a strategic partner from Cisco’s global network, Delta Bravo collaborates with Cisco to deliver manufacturing clients a state-of-the-art network and security architecture.

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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