AI Drives Growth and Innovation Across Multiple Tech Markets
9 Sources
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Multimodal AI Market Skyrockets to $10,550.20 Million by 2031 Dominated by Tech Giants - Aimesoft Inc., Alphabet Inc. and Amazon Web Services Inc. | The Insight Partners
US & Canada, Nov. 28, 2024 (GLOBE NEWSWIRE) -- According to a new comprehensive report from The Insight Partners, the "Multimodal AI Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component, Organization Size, Data Type,
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Automotive Transmission Systems Market to grow by USD 53.2 Billion (2024-2028), driven by increased adoption of automatic transmissions, with AI shaping trends - Technavio
Enter your email to get Benzinga's ultimate morning update: The PreMarket Activity Newsletter NEW YORK, Dec. 4, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global automotive transmission systems market size is estimated to grow by USD 53.2 billion from 2024-2028,
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Light Detection and Ranging (LiDAR) Market to grow by USD 6.62 Billion from 2024-2028, expanded applications driving revenue, AI redefining trends - Technavio
NEW YORK, Dec. 4, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global light detection and ranging (LIDAR) market size is estimated to grow by USD 6.62 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 28.82% during the
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Smart Buildings Market to grow by USD 64.84 Billion (2024-2028), driven by the need for building automation, with AI powering market evolution - Technavio
Enter your email to get Benzinga's ultimate morning update: The PreMarket Activity Newsletter NEW YORK, Dec. 4, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global smart buildings market size is estimated to grow by USD 64.84 billion from 2024-2028, according to
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Intelligent Remote Terminal Unit Market to Grow by USD 2.23 Billion (2024-2028), Driven by Industrial Remote Monitoring Needs, with AI Powering Market Evolution - Technavio
NEW YORK, Dec. 3, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global intelligent remote terminal unit market size is estimated to grow by USD 2.23 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 7.18% during the
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Property Management Market to grow by USD 11.3 Billion (2024-2028), driven by compliance with industry regulations, with AI transforming the landscape - Technavio
Enter your email to get Benzinga's ultimate morning update: The PreMarket Activity Newsletter NEW YORK, Dec. 4, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global property management market size is estimated to grow by USD 11.3 billion from 2024-2028, according to
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AI in Energy Market worth $58.66 billion by 2030- Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Dec. 3, 2024 /PRNewswire/ -- The AI in Energy Market is expected to reach USD 8.91 billion by 2024 from USD 58.66 billion in 2030, at a Compound Annual Growth Rate (CAGR) of 36.9 % from 2024-2030, according to a new report by MarketsandMarkets™. AI can help decarbonize and
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AI in Sports Market worth $2.61 billion by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Nov. 28, 2024 /PRNewswire/ -- The AI in Sports Market is estimated at USD 1.03 billion in 2024 to USD 2.61 billion by 2030 at a compound annual growth rate (CAGR) of 16.7% from 2024 to 2030, according to a new report by MarketsandMarkets™. AI is revolutionizing the sports
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The Rise of Artificial Intelligence in Retail Market: A $164.74 billion Industry Dominated by Tech Giants - Microsoft, Google, Oracle, Servicenow | MarketsandMarkets™
Delray Beach, FL, Nov. 29, 2024 (GLOBE NEWSWIRE) -- The Artificial Intelligence in Retail Market size is projected to grow from USD 31.12 billion in 2024 to USD 164.74 billion by 2030 at a CAGR of 32.0% during the forecast period, according to a new report by MarketsandMarkets™. AI-driven solutions
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AI is powering significant growth and innovation in LiDAR, smart buildings, intelligent remote terminal units, property management, and energy markets, with forecasts predicting billions in market expansion by 2028-2030.
AI Fuels Rapid Growth in LiDAR Market
The global Light Detection and Ranging (LiDAR) market is poised for significant expansion, with Technavio forecasting growth of USD 6.62 billion from 2024-2028 at a CAGR of over 28%
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. This surge is driven by the expanding applications of LiDAR technology across various sectors, including autonomous vehicles, environmental monitoring, and urban planning.A key trend in the LiDAR industry is the development of sensors based on continuous-wave frequency modulation (CWFM) technology. This innovation promises to enhance the accuracy and efficiency of LiDAR measurements, potentially revolutionizing industries that rely on precise distance and mapping data
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.Smart Buildings Market Set for Substantial Growth
The smart buildings market is also experiencing robust growth, with Technavio projecting an increase of USD 64.84 billion from 2024-2028 at a CAGR of almost 10%
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. This growth is primarily driven by the increasing need for building automation to enhance business outcomes and improve energy efficiency.A significant trend in this market is the growing integration of Internet of Things (IoT) technologies with building automation software. This integration enables more sophisticated control and monitoring of building systems, leading to improved energy management and occupant comfort
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.Intelligent Remote Terminal Units Gain Traction
The Intelligent Remote Terminal Unit (IRTU) market is set to grow by USD 2.23 billion from 2024-2028, according to Technavio, with a CAGR of over 7%
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. This growth is fueled by the increasing demand for remote monitoring in industrial facilities, particularly in sectors such as oil and gas, power generation, and water management.A notable trend in this market is the growing adoption of Supervisory Control and Data Acquisition (SCADA) systems in water monitoring. These systems enable utilities to optimize their operations, reduce energy consumption, and improve overall efficiency
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AI Transforms Property Management
The property management market is expected to grow by USD 11.3 billion from 2024-2028, with a CAGR of 7.5%
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. This growth is driven by the need for compliance with industry regulations and the increasing adoption of advanced technologies in property management.A key trend in this sector is the implementation of blockchain technology and smart contracts. These innovations are streamlining property transactions, enhancing security, and improving transparency in real estate dealings
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.AI in Energy Market Experiences Explosive Growth
The AI in Energy market is forecast to reach USD 58.66 billion by 2030, growing at a remarkable CAGR of 36.5% from 2024-2030, according to MarketsandMarkets
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. This rapid growth is driven by the increasing adoption of AI technologies in various energy applications, including grid optimization, energy demand forecasting, and renewable energy integration.AI is playing a crucial role in decarbonizing the energy sector, with applications ranging from optimizing low-carbon cement designs to enhancing the efficiency of building construction processes. In the Asia Pacific region, AI is being leveraged to improve energy prediction accuracy, manage renewable energy sources, and assess the energy efficiency of buildings
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