The Latin America, Middle East and Africa Composite AI Market should witness market growth of 39.7% CAGR during the forecast period (2023-2030).
The market has seen a number of advancements recently. Microsoft, for instance, has been developing a framework called 'Microsoft Project Bonsai'that blends simulation, reinforcement learning, and machine learning to create increasingly sophisticated AI systems. The objective is to develop AI models with improved decision-making skills that can absorb knowledge from human experts.
A plethora of data is produced across several sectors due to the expansion of digital devices, sensors, and IoT devices. By using this data, composite AI may glean insights, anticipate the future, and provide individualized experiences. The expanding availability of data fuels the development and implementation of these solutions.
The 'UAE Strategy for Artificial Intelligence'has been unveiled by the UAE government. The surge in the adoption of AI results from increased investment by UAE governments in cutting-edge technologies, including artificial intelligence (AI), 5G, and machine learning (ML). It is anticipated that adopting such tactics would depend on artificial technologies for improved outcomes. The government's encouraging stance toward using AI would assist the expansion of the market.
The Brazil market dominated the LAMEA Composite AI Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $136.9 million by 2030. The Argentina market is anticipated to grow at a CAGR of 40.4% during (2023-2030). Additionally, The UAE market would display a CAGR of 39.3% during (2023-2030).
Based on Technique, the market is segmented into Data Processing, Data Mining & Machine Learning, Conditioned Monitoring, Pattern Recognition and Proactive Mechanism & Others. Based on Vertical, the market is segmented into BFSI, Telecommunications, Retail & eCommerce, Healthcare & Lifesciences, Media & Entertainment, Energy & Power, Transportation & Logistics, Government & Defense, Manufacturing and Others. Based on Application, the market is segmented into Product Design & Development, Quality Control, Predictive Maintenance, Security & Surveillance and Customer Service & Others. Based on Offering, the market is segmented into Hardware (Processors, Memory Units, Networks and Others), Software (AI Development Platforms & Tools, ML Framework and AI Middleware & Others) and Services. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, SAS Institute, Inc., Microsoft Corporation, Google LLC (Alphabet Inc.), Salesforce, Inc., Amazon Web Services, Inc. (Amazon.com, Inc.), NVIDIA Corporation, Intel Corporation, SAP SE, and Squirro AG
The market has seen a number of advancements recently. Microsoft, for instance, has been developing a framework called 'Microsoft Project Bonsai'that blends simulation, reinforcement learning, and machine learning to create increasingly sophisticated AI systems. The objective is to develop AI models with improved decision-making skills that can absorb knowledge from human experts.
A plethora of data is produced across several sectors due to the expansion of digital devices, sensors, and IoT devices. By using this data, composite AI may glean insights, anticipate the future, and provide individualized experiences. The expanding availability of data fuels the development and implementation of these solutions.
The 'UAE Strategy for Artificial Intelligence'has been unveiled by the UAE government. The surge in the adoption of AI results from increased investment by UAE governments in cutting-edge technologies, including artificial intelligence (AI), 5G, and machine learning (ML). It is anticipated that adopting such tactics would depend on artificial technologies for improved outcomes. The government's encouraging stance toward using AI would assist the expansion of the market.
The Brazil market dominated the LAMEA Composite AI Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $136.9 million by 2030. The Argentina market is anticipated to grow at a CAGR of 40.4% during (2023-2030). Additionally, The UAE market would display a CAGR of 39.3% during (2023-2030).
Based on Technique, the market is segmented into Data Processing, Data Mining & Machine Learning, Conditioned Monitoring, Pattern Recognition and Proactive Mechanism & Others. Based on Vertical, the market is segmented into BFSI, Telecommunications, Retail & eCommerce, Healthcare & Lifesciences, Media & Entertainment, Energy & Power, Transportation & Logistics, Government & Defense, Manufacturing and Others. Based on Application, the market is segmented into Product Design & Development, Quality Control, Predictive Maintenance, Security & Surveillance and Customer Service & Others. Based on Offering, the market is segmented into Hardware (Processors, Memory Units, Networks and Others), Software (AI Development Platforms & Tools, ML Framework and AI Middleware & Others) and Services. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, SAS Institute, Inc., Microsoft Corporation, Google LLC (Alphabet Inc.), Salesforce, Inc., Amazon Web Services, Inc. (Amazon.com, Inc.), NVIDIA Corporation, Intel Corporation, SAP SE, and Squirro AG
Scope of the Study
By Technique
- Data Processing
- Data Mining & Machine Learning
- Conditioned Monitoring
- Pattern Recognition
- Proactive Mechanism & Others
By Vertical
- BFSI
- Telecommunications
- Retail & eCommerce
- Healthcare & Lifesciences
- Media & Entertainment
- Energy & Power
- Transportation & Logistics
- Government & Defense
- Manufacturing
- Others
By Application
- Product Design & Development
- Quality Control
- Predictive Maintenance
- Security & Surveillance
- Customer Service & Others
By Offering
- Hardware
- Processors
- Memory Units
- Networks
- Others
- Software
- AI Development Platforms & Tools
- ML Framework
- AI Middleware & Others
- Services
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- SAS Institute, Inc.
- Microsoft Corporation
- Google LLC (Alphabet Inc.)
- Salesforce, Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- NVIDIA Corporation
- Intel Corporation
- SAP SE
- Squirro AG
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Composite AI Market by Technique
Chapter 5. LAMEA Composite AI Market by Vertical
Chapter 6. LAMEA Composite AI Market by Application
Chapter 7. LAMEA Composite AI Market by Offering
Chapter 8. LAMEA Composite AI Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- IBM Corporation
- SAS Institute, Inc.
- Microsoft Corporation
- Google LLC (Alphabet Inc.)
- Salesforce, Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- NVIDIA Corporation
- Intel Corporation
- SAP SE
- Squirro AG
Methodology
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