How Can AI and Data Analytics Companies Continue to Grow in 2021?
Before demand plateaus, AI and data analytics companies must act quickly to take advantage of the window of opportunity to grow across several industries and regions. According to IDC, the global AI market is expected to generate over $300 billion in 2024 at a compound annual growth rate (CAGR) of 17.1%.
Business executives worldwide are finding it difficult to make choices and steer their technology companies through this era of ongoing economic uncertainty since they have to quickly identify new growth opportunities and de-risk their existing operations. Given the current state of the economy, it is not unexpected that our strategic corporate clients and investors are increasingly interested in investing in AI and data analytics firms.
This research offers important insights into the market potential for AI and data technologies, as well as an overview of the partnerships that specialized AI and data analytics firms have formed with well-known international businesses in a variety of verticals and market sizes.