Composite AI Market by Offering (Software, Hardware, Services), Technique (Data Processing, Pattern Recognition), Application (Product Design & Development, Customer Service), Vertical and Region - Global Forecast to 2028

Abstract
The composite AI market is estimated to grow from USD 0.9 billion in 2023 to USD 4.4 billion by 2028, at a CAGR of 36.5% during the forecast period. With the proliferation of digital devices, sensors, and IoT devices, a wealth of data is generated across various industries. Composite AI leverages this data to gain insights, make predictions, and deliver personalized experiences. The growing availability of data fuels the development and adoption of Composite AI solutions.

The software segment is expected to hold the largest market size during the forecast period

The global composite AI market is segmented based on offering hardware, software, and services. Based on software segment is divided into AI development platforms and tools, machine learning (ML) frameworks, AI Middleware, and other software (computer vision software, data management tools, monitoring software, and security and governance tools).
Composite AI software refers to the software systems and tools that enable the integration of multiple AI technologies, such as machine learning, natural language processing, computer vision, and robotics, to create more advanced AI applications. One of the key software tools used in composite AI is machine learning frameworks. These frameworks provide tools and libraries for developing and training machine learning models, making creating and optimizing AI algorithms easier.

Data mining & machine learning segment to grow at a higher CAGR during the forecast period

The global composite AI market is segmented based on technique into conditioned monitoring, pattern recognition, data processing, proactive mechanism, data mining & machine learning, and other methods (AutoML and Model Building, Model Stacking and Ensemble, and Transfer Learning). Data mining and machine learning techniques to gain traction in coming years. These techniques extract valuable insights from large and complex datasets, which are then used to train AI models and drive intelligent decision-making.

Among verticals, the BFSI segment holds the largest market size during the forecast period

Composite AI solutions are being adopted across the BFSI sector for numerous applications such as fraud detection and prevention, risk assessment and management, customer service, credit scoring, and compliance and regulatory reporting. The adoption of composite AI solutions in the BFSI sector offers numerous benefits, including improved operational efficiency, enhanced customer experience, risk reduction, and compliance with regulatory requirements.

Asia Pacific to grow at a higher CAGR during the forecast period

The growth of composite AI solutions across the five major regions, namely North America, Europe, Asia Pacific, Middle East and Africa, and Latin America is driven by factors such as technological advancements, industry-specific demands, government initiatives, availability of talent, and the increasing recognition of AI's potential to transform businesses and societies. Asia Pacific region is experiencing a rapid growth rate in adopting composite AI solutions.

Countries like China, Japan, South Korea, and India are leading in AI R&D, with strong government support and investments. Key industry verticals such as manufacturing, eCommerce, healthcare, and BFSI aggressively implementing composite AI to gain a competitive edge, drive innovation, and cater to the growing demand for advanced AI-driven solutions. Asia Pacific is home to some of the world's fastest-growing economies, and the region is experiencing rapid technological advancements. The increasing adoption of advanced technologies, such as AI, big data analytics, and cloud computing, has fueled the demand for composite AI solutions.

Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the composite AI market.

By Company: Tier I: 35%, Tier II: 45%, and Tier III: 20%
By Designation: C-Level Executives: 35%, Directors: 25%, and Others: 40%
By Region: North America: 45%, Europe: 20%, Asia Pacific: 30%, Europe: 20%, RoW: 5%

The report includes studying key players offering composite AI solutions and services. It profiles major vendors in the global composite AI market. The major vendors in the global composite AI market include IBM (US), SAS Institute (US), Microsoft (US), Google (US), AWS (US), Salesforce (US), BlackSwan Technologies (Israel), Oracle (US), OpenText (Canada), SAP (Germany), HPE (US), Pega (US), NVIDIA (US), Intel (US), UiPath (US), Zest AI (US), Dynamic Yield (US), DataRobot (US), H2O.ai (US), Squirro (Switzerland), CognitiveScale (US), SparkCognition (US), Diwo (US), ACTICO (Germany), Kyndi (US), Nauto (US), Netra (US), and Exponential AI (US).

Research Coverage
The market study covers the composite AI market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as offering, technique, application, vertical, and region. It includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report
The report would provide the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall market for composite AIs and their subsegments. It would help stakeholders understand the competitive landscape, better position their business, and plan suitable go-to-market strategies. It also helps stakeholders understand the market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
•Analysis of key drivers (Growing intricacy of AI applications for better performance and accuracy, Increasing demand for more customized and flexible solutions to improve efficiency and productivity, Advancements in hardware components and infrastructure for better scalability, Rising usage of composite AI for industry-specific applications), restraints (Concerns related to data privacy and security, Shortage of skilled and talented workforce), opportunities (Integration with edge computing and IoT for real-time decision making, Rising demand for explainable AI and trustworthiness across healthcare and BFSI sector), and challenges (Data availability and quality, High infrastructure costs with lower ROI) influencing the growth of the composite AI market.
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the composite AI market
•Market Development: Comprehensive information about lucrative markets – the report analyses composite AI market across varied regions
•Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in composite AI market strategies; the report also helps stakeholders understand the pulse of the composite AI market and provides them with information on key market drivers, restraints, challenges, and opportunities.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as IBM (US), SAS Institute (US), Microsoft (US), Google (US), AWS (US), Salesforce (US), BlackSwan Technologies (Israel), Oracle (US), OpenText (Canada), SAP (Germany), HPE (US), Pega (US) among others in the composite AI market.

Content
Table of Contents

1INTRODUCTION29
1.1STUDY OBJECTIVES29
1.2MARKET DEFINITION29
1.2.1INCLUSIONS & EXCLUSIONS30
1.3MARKET SCOPE30
1.3.1MARKET SEGMENTATION31
1.3.2REGIONS COVERED32
1.3.3YEARS CONSIDERED32
1.4CURRENCY CONSIDERED33
1.5STAKEHOLDERS33
2RESEARCH METHODOLOGY34
2.1RESEARCH DATA34
FIGURE 1COMPOSITE AI MARKET: RESEARCH DESIGN34
2.1.1SECONDARY DATA35
2.1.2PRIMARY DATA35
TABLE 1PRIMARY INTERVIEWS35
2.1.2.1Breakup of primary profiles36
2.1.2.2Key industry insights36
2.2MARKET BREAKUP AND DATA TRIANGULATION37
FIGURE 2DATA TRIANGULATION37
2.3MARKET SIZE ESTIMATION38
FIGURE 3COMPOSITE AI MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES38
2.3.1TOP-DOWN APPROACH38
2.3.2BOTTOM-UP APPROACH39
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 1 (SUPPLY SIDE): REVENUE FROM SOLUTIONS/SERVICES39
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY- APPROACH 2, BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/SERVICES40
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 3, BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/SERVICES41
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 4, BOTTOM-UP (DEMAND SIDE): SHARE OF COMPOSITE AI THROUGH OVERALL COMPOSITE AI SPENDING41
2.4MARKET FORECAST42
TABLE 2FACTOR ANALYSIS42
2.5RESEARCH ASSUMPTIONS43
2.6LIMITATIONS45
2.7IMPLICATIONS OF RECESSION ON COMPOSITE AI MARKET45
TABLE 3IMPACT OF RECESSION ON GLOBAL COMPOSITE AI MARKET46
3EXECUTIVE SUMMARY47
TABLE 4GLOBAL COMPOSITE AI MARKET SIZE AND GROWTH RATE, 2019–2022 (USD MILLION, Y-O-Y %)48
TABLE 5GLOBAL COMPOSITE AI MARKET SIZE AND GROWTH RATE, 2023–2028 (USD MILLION, Y-O-Y %)49
FIGURE 8SOFTWARE SEGMENT TO DOMINATE MARKET IN 202349
FIGURE 9AI DEVELOPMENT PLATFORMS AND TOOLS TO HOLD LARGEST MARKET SHARE IN 202349
FIGURE 10PROCESSORS SEGMENT TO DOMINATE MARKET IN 202350
FIGURE 11SYSTEM INTEGRATION AND IMPLEMENTATION SEGMENT TO LEAD MARKET IN 202350
FIGURE 12DATA PROCESSING SEGMENT TO HOLD LARGEST MARKET SHARE IN 202350
FIGURE 13PRODUCT DESIGN & DEVELOPMENT SEGMENT TO LEAD MARKET IN 202351
FIGURE 14HEALTHCARE AND LIFE SCIENCES SEGMENT TO GROW AT HIGHEST CAGR51
FIGURE 15NORTH AMERICA TO HOLD LARGEST SHARE, WHILE ASIA PACIFIC TO GROW AT HIGHEST CAGR52
4PREMIUM INSIGHTS53
4.1ATTRACTIVE OPPORTUNITIES FOR COMPANIES IN COMPOSITE AI MARKET53
FIGURE 16GROWING INTRICACY OF AI APPLICATIONS FOR BETTER PERFORMANCE AND ACCURACY TO DRIVE MARKET GROWTH53
4.2OVERVIEW OF RECESSION IN GLOBAL COMPOSITE AI MARKET54
FIGURE 17COMPOSITE AI MARKET TO WITNESS MINOR DECLINE IN Y-O-Y GROWTH IN 202354
4.3COMPOSITE AI MARKET: TOP THREE APPLICATIONS54
FIGURE 18CUSTOMER SERVICE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD54
4.4NORTH AMERICA: COMPOSITE AI MARKET, BY OFFERING AND TOP THREE VERTICALS55
FIGURE 19SOFTWARE AND BFSI SEGMENTS TO HOLD LARGEST SHARES IN NORTH AMERICA IN 202355
4.5COMPOSITE AI MARKET, BY REGION55
FIGURE 20NORTH AMERICA TO HOLD LARGEST SHARE IN 202355
5MARKET OVERVIEW AND INDUSTRY TRENDS56
5.1INTRODUCTION56
5.2BRIEF HISTORY OF COMPOSITE AI56
FIGURE 21EVOLUTION OF COMPOSITE AI56
5.3COMPOSITE AI: ARCHITECTURE57
FIGURE 22COMPOSITE AI MARKET ARCHITECTURE57
5.4MARKET DYNAMICS59
FIGURE 23DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: COMPOSITE AI MARKET59
5.4.1DRIVERS59
5.4.1.1Growing intricacy of AI applications for better performance and accuracy59
5.4.1.2Increasing demand for more customized and flexible solutions to improve efficiency and productivity60
5.4.1.3Advancements in hardware components and infrastructure for better scalability60
5.4.1.4Rising usage of composite AI for industry-specific applications60
5.4.2RESTRAINTS61
5.4.2.1Concerns related to data privacy and security61
5.4.2.2Shortage of skilled and talented workforce61
5.4.3OPPORTUNITIES61
5.4.3.1Integration with edge computing and IoT for real-time decision-making61
5.4.3.2Rising demand for explainable AI and trustworthiness across healthcare and BFSI sectors62
5.4.4CHALLENGES62
5.4.4.1Data availability and quality62
5.4.4.2High infrastructure costs with lower ROI62
5.5CASE STUDY ANALYSIS63
5.5.1CASE STUDY 1: CREATION OF HOLISTIC VIEW OF CLIENTS AND ACTIVITIES OF TIER-1 BANK USING DATA FABRIC CONCEPT63
5.5.2CASE STUDY 2: INTUIT USED AMAZON SAGEMAKER TO MANAGE MACHINE LEARNING AT SCALE63
5.5.3CASE STUDY 3: SAS ANALYTICS SOLUTIONS HELPED USG CORPORATION TO IMPROVE ITS MANUFACTURING PROCESS64
5.5.4CASE STUDY 4: ORLANDO MAGIC USED MOBILE APP DATA AND MACHINE LEARNING TO PERSONALIZE MARKETING CAMPAIGNS64
5.5.5CASE STUDY 5: AMSTERDAM UMC USED ANALYTICS AND AI TO INCREASE SPEED AND ACCURACY OF TUMOR EVALUATIONS65
5.5.6CASE STUDY 6: IN SPECIAL OLYMPICS, ABU DHABI USED SAS ANALYTICS AND AI SOLUTIONS TO KEEP ATHLETES SAFE65
5.5.7CASE STUDY 7: HPE HELPED NEW WORK TO ADDRESS COMPLEX DATA PRIVACY REQUIREMENTS AND IMPROVE OPERATIONAL EFFICIENCY66
5.6SUPPLY CHAIN ANALYSIS67
FIGURE 24COMPOSITE AI MARKET: SUPPLY CHAIN ANALYSIS67
5.7PATENT ANALYSIS68
5.7.1METHODOLOGY68
5.7.2DOCUMENT TYPE68
TABLE 6PATENTS FILED, 2013–202368
5.7.3INNOVATION AND PATENT APPLICATIONS68
FIGURE 25TOTAL NUMBER OF PATENTS GRANTED, 2013–202368
5.7.3.1Top applicants69
FIGURE 26TOP TEN COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS, 2013–202369
TABLE 7TOP 20 PATENT OWNERS IN COMPOSITE AI MARKET, 2013–202369
TABLE 8LIST OF PATENTS IN COMPOSITE AI MARKET, 202370
FIGURE 27REGIONAL ANALYSIS OF PATENTS GRANTED IN COMPOSITE AI MARKET, 202373
5.8PRICING ANALYSIS73
TABLE 9COMPOSITE AI MARKET: PRICING MODEL ANALYSIS, 202374
5.9PORTER’S FIVE FORCES ANALYSIS75
FIGURE 28PORTER’S FIVE FORCES ANALYSIS75
5.9.1THREAT OF NEW ENTRANTS75
5.9.2THREAT OF SUBSTITUTES76
5.9.3BARGAINING POWER OF SUPPLIERS76
5.9.4BARGAINING POWER OF BUYERS76
5.9.5INTENSITY OF COMPETITIVE RIVALRY76
5.10KEY CONFERENCES & EVENTS, 2023–202477
TABLE 10DETAILED LIST OF CONFERENCES & EVENTS, 2023–202477
5.11TRENDS/DISRUPTIONS IMPACTING BUYERS/CLIENTS IN COMPOSITE AI MARKET78
FIGURE 29COMPOSITE AI MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS/CLIENTS78
5.12REGULATORY LANDSCAPE79
5.12.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS79
TABLE 11NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS79
TABLE 12EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS80
TABLE 13ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS80
TABLE 14MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS81
TABLE 15LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS81
5.13KEY STAKEHOLDERS AND BUYING CRITERIA82
5.13.1KEY STAKEHOLDERS IN BUYING PROCESS82
TABLE 16INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)82
5.13.2BUYING CRITERIA82
FIGURE 30KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS82
TABLE 17KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS83
5.14TECHNOLOGY ROADMAP OF COMPOSITE AI MARKET UNTIL 203083
FIGURE 31COMPOSITE AI ROADMAP UNTIL 203083
5.15TECHNOLOGY ANALYSIS85
5.15.1RELATED TECHNOLOGIES85
5.15.1.1Supervised learning85
5.15.1.2Unsupervised learning85
5.15.1.3Natural language processing85
5.15.1.4Deep learning86
5.15.1.5AI governance (ethical, explainable, and responsible AI)86
5.15.1.6Knowledge graphs86
5.15.2ALLIED TECHNOLOGIES86
5.15.2.1Cloud computing86
5.15.2.2Computer vision87
5.15.2.3Federated learning87
5.15.2.4Digital twin87
5.16ECOSYSTEM ANALYSIS88
FIGURE 32ECOSYSTEM ANALYSIS88
5.16.1COMPOSITE AI FRAMEWORK/LIBRARY PROVIDERS88
5.16.2COMPOSITE AI PLATFORM PROVIDERS88
5.16.3COMPOSITE AI SOFTWARE TOOL PROVIDERS88
5.16.4COMPOSITE AI HARDWARE PROVIDERS89
5.16.5COMPOSITE AI SERVICE PROVIDERS89
5.16.6REGULATORY BODIES89
5.17BUSINESS MODELS FOR DEVELOPMENT OF COMPOSITE AI89
6COMPOSITE AI MARKET, BY OFFERING90
6.1INTRODUCTION91
6.1.1OFFERING: COMPOSITE AI MARKET DRIVERS91
FIGURE 33HARDWARE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD91
TABLE 18COMPOSITE AI MARKET, BY OFFERING, 2019–2022 (USD MILLION)92
TABLE 19COMPOSITE AI MARKET, BY OFFERING, 2023–2028 (USD MILLION)92
6.2HARDWARE92
FIGURE 34NETWORKS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD93
TABLE 20COMPOSITE AI MARKET, BY HARDWARE, 2019–2022 (USD MILLION)93
TABLE 21COMPOSITE AI MARKET, BY HARDWARE, 2023–2028 (USD MILLION)93
6.2.1PROCESSORS94
6.2.1.1Cost-effectiveness, flexibility, and scalability of composite AI systems to drive demand for processors94
TABLE 22PROCESSORS: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)94
TABLE 23PROCESSORS: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)94
6.2.2MEMORY UNITS95
6.2.2.1Memory units to enable cloud-based services and provide high-capacity storage and quick data access95
TABLE 24MEMORY UNITS: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)95
TABLE 25MEMORY UNITS: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)95
6.2.3NETWORKS96
6.2.3.1Networks to ensure efficient communication and collaboration between different AI components96
TABLE 26NETWORKS: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)96
TABLE 27NETWORKS: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)96
6.2.4OTHER HARDWARE97
TABLE 28OTHER HARDWARE: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)97
TABLE 29OTHER HARDWARE: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)98
6.3SOFTWARE98
FIGURE 35AI MIDDLEWARE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD98
TABLE 30COMPOSITE AI MARKET, BY SOFTWARE, 2019–2022 (USD MILLION)99
TABLE 31COMPOSITE AI MARKET, BY SOFTWARE, 2023–2028 (USD MILLION)99
6.3.1MACHINE LEARNING FRAMEWORKS99
6.3.1.1Machine learning frameworks to provide cost-effective, flexible, and scalable composite AI systems99
TABLE 32MACHINE LEARNING FRAMEWORKS: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)100
TABLE 33MACHINE LEARNING FRAMEWORKS: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)100
6.3.2AI DEVELOPMENT PLATFORMS AND TOOLS100
6.3.2.1AI development platforms and tools to empower organizations to leverage capabilities of various AI technologies100
TABLE 34AI DEVELOPMENT PLATFORMS AND TOOLS: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)101
TABLE 35AI DEVELOPMENT PLATFORMS AND TOOLS: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)101
6.3.3AI MIDDLEWARE101
6.3.3.1Increasing need to facilitate integration of AI components, tools, and frameworks to drive market growth101
TABLE 36AI MIDDLEWARE: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)102
TABLE 37AI MIDDLEWARE: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)102
6.3.4OTHER SOFTWARE102
TABLE 38OTHER SOFTWARE: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)103
TABLE 39OTHER SOFTWARE: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)103
6.4SERVICES104
FIGURE 36TRAINING AND CONSULTING SERVICES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD104
TABLE 40SERVICES: COMPOSITE AI MARKET, BY TYPE, 2019–2022 (USD MILLION)104
TABLE 41SERVICES: COMPOSITE AI MARKET, BY TYPE, 2023–2028 (USD MILLION)105
6.4.1TRAINING AND CONSULTING105
6.4.1.1Training and consulting services to play vital role in managing operations and technology updates105
TABLE 42TRAINING AND CONSULTING: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)105
TABLE 43TRAINING AND CONSULTING: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)106
6.4.2SYSTEM INTEGRATION AND IMPLEMENTATION106
6.4.2.1System integration and implementation services to gain traction to ensure effective system communication106
TABLE 44SYSTEM INTEGRATION AND IMPLEMENTATION: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)106
TABLE 45SYSTEM INTEGRATION AND IMPLEMENTATION: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)107
6.4.3SUPPORT AND MAINTENANCE107
6.4.3.1Demand for support and maintenance services to increase with rising composite AI deployment107
TABLE 46SUPPORT AND MAINTENANCE: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)107
TABLE 47SUPPORT AND MAINTENANCE: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)108
7COMPOSITE AI MARKET, BY TECHNIQUE109
7.1INTRODUCTION110
7.1.1TECHNIQUE: COMPOSITE AI MARKET DRIVERS110
FIGURE 37DATA MINING & MACHINE LEARNING SEGMENT TO REGISTER HIGHEST CAGR DURING THE FORECAST PERIOD110
TABLE 48COMPOSITE AI MARKET, BY TECHNIQUE, 2019–2022 (USD MILLION)111
TABLE 49COMPOSITE AI MARKET, BY TYPE, 2023–2028 (USD MILLION)111
7.2CONDITIONED MONITORING111
7.2.1CONDITIONED MONITORING TO HELP COMPANIES REDUCE COSTS ASSOCIATED WITH MAINTENANCE111
TABLE 50CONDITIONED MONITORING: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)112
TABLE 51CONDITIONED MONITORING: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)112
7.3PATTERN RECOGNITION112
7.3.1PATTERN RECOGNITION TO ALLOW COMPANIES TO QUICKLY AND ACCURATELY ANALYZE LARGE AMOUNTS OF DATA112
TABLE 52PATTERN RECOGNITION: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)113
TABLE 53PATTERN RECOGNITION: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)113
7.4DATA PROCESSING113
7.4.1DATA PROCESSING USED TO ANALYZE CUSTOMER DATA AND IDENTIFY PATTERNS IN BEHAVIOR AND PREFERENCES113
TABLE 54DATA PROCESSING: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)114
TABLE 55DATA PROCESSING: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)114
7.5PROACTIVE MECHANISM114
7.5.1PROACTIVE MECHANISM TO ENCOURAGE ADOPTION OF ADVANCED TECHNOLOGY FOR PREDICTING AND PREVENTING PROBLEMS114
TABLE 56PROACTIVE MECHANISM: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)115
TABLE 57PROACTIVE MECHANISM: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)115
7.6DATA MINING & MACHINE LEARNING115
7.6.1DATA MINING & MACHINE LEARNING TO ENABLE MACHINES TO ANALYZE DATA AND MAKE DECISIONS115
TABLE 58DATA MINING & MACHINE LEARNING: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)116
TABLE 59DATA MINING & MACHINE LEARNING: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)116
7.7OTHER TECHNIQUES116
TABLE 60OTHER TECHNIQUES: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)117
TABLE 61OTHER TECHNIQUES: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)117
8COMPOSITE AI MARKET, BY APPLICATION118
8.1INTRODUCTION119
8.1.1APPLICATION: COMPOSITE AI MARKET DRIVERS119
FIGURE 38CUSTOMER SERVICE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD119
TABLE 62COMPOSITE AI MARKET, BY APPLICATION, 2019–2022 (USD MILLION)120
TABLE 63COMPOSITE AI MARKET, BY APPLICATION, 2023–2028 (USD MILLION)120
8.2PRODUCT DESIGN & DEVELOPMENT121
8.2.1STREAMLINING DESIGN & TESTING TO ENABLE COMPANIES TO LAUNCH PRODUCTS FASTER121
TABLE 64PRODUCT DESIGN & DEVELOPMENT: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)121
TABLE 65PRODUCT DESIGN & DEVELOPMENT: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)121
8.3QUALITY CONTROL122
8.3.1QUALITY CONTROL TO MINIMIZE RISKS ASSOCIATED WITH USE OF AI122
TABLE 66QUALITY CONTROL: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)122
TABLE 67QUALITY CONTROL: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)122
8.4PREDICTIVE MAINTENANCE123
8.4.1RISING NEED TO ENABLE PROACTIVE MAINTENANCE STRATEGIES AND DRIVE OPERATIONAL EFFICIENCY TO FUEL MARKET GROWTH123
TABLE 68PREDICTIVE MAINTENANCE: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)123
TABLE 69PREDICTIVE MAINTENANCE: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)123
8.5SECURITY & SURVEILLANCE124
8.5.1GROWING DEMAND FOR ADVANCED COMPOSITE AI SOLUTIONS FOR ENHANCED SECURITY & SURVEILLANCE TO BOOST MARKET GROWTH124
TABLE 70SECURITY & SURVEILLANCE: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)124
TABLE 71SECURITY & SURVEILLANCE: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)124
8.6CUSTOMER SERVICE125
8.6.1CUSTOMER SERVICE TO ENSURE CUSTOMER SATISFACTION, INCREASE OPERATIONAL EFFICIENCY, AND OPTIMIZE EXPERIENCE125
TABLE 72CUSTOMER SERVICE: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)125
TABLE 73CUSTOMER SERVICE: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)125
8.7OTHER APPLICATIONS126
TABLE 74OTHER APPLICATIONS: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)126
TABLE 75OTHER APPLICATIONS: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)126
9COMPOSITE AI MARKET, BY VERTICAL127
9.1INTRODUCTION128
9.1.1VERTICAL: COMPOSITE AI MARKET DRIVERS128
FIGURE 39HEALTHCARE AND LIFE SCIENCES SEGMENT TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD128
9.1.2MAJOR USE CASES, BY VERTICAL129
TABLE 76COMPOSITE AI MARKET, BY VERTICAL, 2019–2022 (USD MILLION)130
TABLE 77COMPOSITE AI MARKET, BY VERTICAL, 2023–2028 (USD MILLION)131
9.2BFSI131
9.2.1TEXT COMPOSITE AI TO HANDLE MULTIPLE CUSTOMER INTERACTIONS AND REDUCE WAIT TIMES IN BFSI SECTOR131
TABLE 78BFSI: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)132
TABLE 79BFSI: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)132
9.3RETAIL AND ECOMMERCE132
9.3.1GROWTH OF ECOMMERCE TO CREATE ENORMOUS AMOUNT OF DATA THAT CAN BE ANALYZED USING COMPOSITE AI132
TABLE 80RETAIL AND ECOMMERCE: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)133
TABLE 81RETAIL AND ECOMMERCE: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)133
9.4MANUFACTURING133
9.4.1COMPOSITE AI TO BE USED TO CREATE MORE ADVANCED AUTOMATION SYSTEMS IN MANUFACTURING VERTICAL133
TABLE 82MANUFACTURING: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)134
TABLE 83MANUFACTURING: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)134
9.5ENERGY AND UTILITIES134
9.5.1COMPOSITE AI TO HELP THIS VERTICAL OPTIMIZE ITS OPERATIONS AND REDUCE COSTS134
TABLE 84ENERGY AND UTILITIES: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)135
TABLE 85ENERGY AND UTILITIES: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)135
9.6TRANSPORTATION AND LOGISTICS135
9.6.1COMPOSITE AI TO HELP PREVENT ACCIDENTS, THEFT, AND OTHER SECURITY BREACHES135
TABLE 86TRANSPORTATION AND LOGISTICS: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)136
TABLE 87TRANSPORTATION AND LOGISTICS: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)136
9.7HEALTHCARE AND LIFE SCIENCES136
9.7.1COMPOSITE AI TO DRIVE NEED FOR MORE PRECISE AND TARGETED TREATMENTS136
TABLE 88HEALTHCARE AND LIFE SCIENCES: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)137
TABLE 89HEALTHCARE AND LIFE SCIENCES: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)137
9.8MEDIA AND ENTERTAINMENT137
9.8.1INCREASING DEMAND FOR PERSONALIZED CONTENT TO BOOST MARKET137
TABLE 90MEDIA AND ENTERTAINMENT: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)138
TABLE 91MEDIA AND ENTERTAINMENT: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)138
9.9GOVERNMENT AND DEFENSE138
9.9.1INCREASING DEMAND FOR ADVANCED SURVEILLANCE AND INTELLIGENCE GATHERING CAPABILITIES TO DRIVE DEMAND FOR COMPOSITE AI138
TABLE 92GOVERNMENT AND DEFENSE: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)139
TABLE 93GOVERNMENT AND DEFENSE: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)139
9.10TELECOM139
9.10.1COMPOSITE AI USED TO OPTIMIZE NETWORKS AND ENSURE EFFICIENT AND RELIABLE PERFORMANCE IN TELECOM VERTICAL139
TABLE 94TELECOM: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)140
TABLE 95TELECOM: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)140
9.11OTHER VERTICALS140
TABLE 96OTHER VERTICALS: COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)141
TABLE 97OTHER VERTICALS: COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)141
10COMPOSITE AI MARKET, BY REGION142
10.1INTRODUCTION143
FIGURE 40ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD143
FIGURE 41INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD144
TABLE 98COMPOSITE AI MARKET, BY REGION, 2019–2022 (USD MILLION)144
TABLE 99COMPOSITE AI MARKET, BY REGION, 2023–2028 (USD MILLION)144
10.2NORTH AMERICA145
10.2.1NORTH AMERICA: COMPOSITE AI MARKET DRIVERS145
10.2.2NORTH AMERICA: RECESSION IMPACT145
FIGURE 42NORTH AMERICA: MARKET SNAPSHOT146
TABLE 100NORTH AMERICA: COMPOSITE AI MARKET, BY OFFERING, 2019–2022 (USD MILLION)147
TABLE 101NORTH AMERICA: COMPOSITE AI MARKET, BY OFFERING, 2023–2028 (USD MILLION)147
TABLE 102NORTH AMERICA: COMPOSITE AI MARKET, BY HARDWARE, 2019–2022 (USD MILLION)147
TABLE 103NORTH AMERICA: COMPOSITE AI MARKET, BY HARDWARE, 2023–2028 (USD MILLION)147
TABLE 104NORTH AMERICA: COMPOSITE AI MARKET, BY SOFTWARE, 2019–2022 (USD MILLION)148
TABLE 105NORTH AMERICA: COMPOSITE AI MARKET, BY SOFTWARE, 2023–2028 (USD MILLION)148
TABLE 106NORTH AMERICA: COMPOSITE AI MARKET, BY SERVICE, 2019–2022 (USD MILLION)148
TABLE 107NORTH AMERICA: COMPOSITE AI MARKET, BY SERVICE, 2023–2028 (USD MILLION)149
TABLE 108NORTH AMERICA: COMPOSITE AI MARKET, BY TECHNIQUE, 2019–2022 (USD MILLION)149
TABLE 109NORTH AMERICA: COMPOSITE AI MARKET, BY TECHNIQUE, 2023–2028 (USD MILLION)149
TABLE 110NORTH AMERICA: COMPOSITE AI MARKET, BY APPLICATION, 2019–2022 (USD MILLION)150
TABLE 111NORTH AMERICA: COMPOSITE AI MARKET, BY APPLICATION, 2023–2028 (USD MILLION)150
TABLE 112NORTH AMERICA: COMPOSITE AI MARKET, BY VERTICAL, 2019–2022 (USD MILLION)151
TABLE 113NORTH AMERICA: COMPOSITE AI MARKET, BY VERTICAL, 2023–2028 (USD MILLION)151
TABLE 114NORTH AMERICA: COMPOSITE AI MARKET, BY COUNTRY, 2019–2022 (USD MILLION)152
TABLE 115NORTH AMERICA: COMPOSITE AI MARKET, BY COUNTRY, 2023–2028 (USD MILLION)152
10.2.3US152
10.2.3.1Proliferation of digital technologies generating vast amounts of data to fuel adoption of composite AI152
10.2.4CANADA153
10.2.4.1Rising adoption of cutting-edge technologies to enhance customer services153
10.3EUROPE153
10.3.1EUROPE: COMPOSITE AI MARKET DRIVERS153
10.3.2EUROPE: RECESSION IMPACT154
TABLE 116EUROPE: COMPOSITE AI MARKET, BY OFFERING, 2019–2022 (USD MILLION)154
TABLE 117EUROPE: COMPOSITE AI MARKET, BY OFFERING, 2023–2028 (USD MILLION)155
TABLE 118EUROPE: COMPOSITE AI MARKET, BY HARDWARE, 2019–2022 (USD MILLION)155
TABLE 119EUROPE: COMPOSITE AI MARKET, BY HARDWARE, 2023–2028 (USD MILLION)155
TABLE 120EUROPE: COMPOSITE AI MARKET, BY SOFTWARE, 2019–2022 (USD MILLION)156
TABLE 121EUROPE: COMPOSITE AI MARKET, BY SOFTWARE, 2023–2028 (USD MILLION)156
TABLE 122EUROPE: COMPOSITE AI MARKET, BY SERVICE, 2019–2022 (USD MILLION)156
TABLE 123EUROPE: COMPOSITE AI MARKET, BY SERVICE, 2023–2028 (USD MILLION)157
TABLE 124EUROPE: COMPOSITE AI MARKET, BY TECHNIQUE, 2019–2022 (USD MILLION)157
TABLE 125EUROPE: COMPOSITE AI MARKET, BY TECHNIQUE, 2023–2028 (USD MILLION)157
TABLE 126EUROPE: COMPOSITE AI MARKET, BY APPLICATION, 2019–2022 (USD MILLION)158
TABLE 127EUROPE: COMPOSITE AI MARKET, BY APPLICATION, 2023–2028 (USD MILLION)158
TABLE 128EUROPE: COMPOSITE AI MARKET, BY VERTICAL, 2019–2022 (USD MILLION)159
TABLE 129EUROPE: COMPOSITE AI MARKET, BY VERTICAL, 2023–2028 (USD MILLION)159
TABLE 130EUROPE: COMPOSITE AI MARKET, BY COUNTRY, 2019–2022 (USD MILLION)160
TABLE 131EUROPE: COMPOSITE AI MARKET, BY COUNTRY, 2023–2028 (USD MILLION)160
10.3.3UK160
10.3.3.1Growing adoption of composite AI in eCommerce and rising number of startups to fuel market growth160
10.3.4GERMANY161
10.3.4.1Growing adoption of cutting-edge digital technologies, coupled with government initiatives, to fuel adoption of composite AI161
10.3.5FRANCE161
10.3.5.1Growing number of startups and active support by government to drive demand for composite AI161
10.3.6ITALY162
10.3.6.1Availability of advanced algorithms, frameworks, and tools to enable integration of different AI components162
10.3.7SPAIN162
10.3.7.1Rapid adoption of emerging technologies to enhance customer experience to drive market162
10.3.8REST OF EUROPE162
10.3.8.1Initiatives taken by governments and rising application of composite AI across verticals to fuel market162
10.4ASIA PACIFIC163
10.4.1ASIA PACIFIC: COMPOSITE AI MARKET DRIVERS163
10.4.2ASIA PACIFIC: RECESSION IMPACT163
FIGURE 43ASIA PACIFIC: MARKET SNAPSHOT164
TABLE 132ASIA PACIFIC: COMPOSITE AI MARKET, BY OFFERING, 2019–2022 (USD MILLION)165
TABLE 133ASIA PACIFIC: COMPOSITE AI MARKET, BY OFFERING, 2023–2028 (USD MILLION)165
TABLE 134ASIA PACIFIC: COMPOSITE AI MARKET, BY HARDWARE, 2019–2022 (USD MILLION)165
TABLE 135ASIA PACIFIC: COMPOSITE AI MARKET, BY HARDWARE, 2023–2028 (USD MILLION)165
TABLE 136ASIA PACIFIC: COMPOSITE AI MARKET, BY SOFTWARE, 2019–2022 (USD MILLION)166
TABLE 137ASIA PACIFIC: COMPOSITE AI MARKET, BY SOFTWARE, 2023–2028 (USD MILLION)166
TABLE 138ASIA PACIFIC: COMPOSITE AI MARKET, BY SERVICE, 2019–2022 (USD MILLION)166
TABLE 139ASIA PACIFIC: COMPOSITE AI MARKET, BY SERVICE, 2023–2028 (USD MILLION)167
TABLE 140ASIA PACIFIC: COMPOSITE AI MARKET, BY TECHNIQUE, 2019–2022 (USD MILLION)167
TABLE 141ASIA PACIFIC: COMPOSITE AI MARKET, BY TECHNIQUE, 2023–2028 (USD MILLION)167
TABLE 142ASIA PACIFIC: COMPOSITE AI MARKET, BY APPLICATION, 2019–2022 (USD MILLION)168
TABLE 143ASIA PACIFIC: COMPOSITE AI MARKET, BY APPLICATION, 2023–2028 (USD MILLION)168
TABLE 144ASIA PACIFIC: COMPOSITE AI MARKET, BY VERTICAL, 2019–2022 (USD MILLION)169
TABLE 145ASIA PACIFIC: COMPOSITE AI MARKET, BY VERTICAL, 2023–2028 (USD MILLION)169
TABLE 146ASIA PACIFIC: COMPOSITE AI MARKET, BY COUNTRY, 2019–2022 (USD MILLION)170
TABLE 147ASIA PACIFIC: COMPOSITE AI MARKET, BY COUNTRY, 2023–2028 (USD MILLION)170
TABLE 148ASIA PACIFIC: COMPOSITE AI MARKET, BY ASEAN COUNTRY, 2019–2022 (USD MILLION)170
TABLE 149ASIA PACIFIC: COMPOSITE AI MARKET, BY ASEAN COUNTRY, 2023–2028 (USD MILLION)171
10.4.3CHINA171
10.4.3.1Growing composite AI solutions in various verticals to drive market growth171
10.4.4INDIA171
10.4.4.1High adoption of AI technology to drive market171
10.4.5JAPAN172
10.4.5.1Advancements in technologies and need to prevent data breaches to drive market172
10.4.6ANZ172
10.4.6.1Rising need to reduce overall operational costs to drive composite AI market172
10.4.7SOUTH KOREA172
10.4.7.1Adoption of AI and related technologies to help create favorable environment for composite AI market growth172
10.4.8ASEAN COUNTRIES173
10.4.8.1Growing data generation to boost demand for composite AI in ASEAN countries173
10.4.9REST OF ASIA PACIFIC173
10.5MIDDLE EAST & AFRICA173
10.5.1MIDDLE EAST & AFRICA: COMPOSITE AI MARKET DRIVERS173
10.5.2MIDDLE EAST & AFRICA: RECESSION IMPACT174
TABLE 150MIDDLE EAST & AFRICA: COMPOSITE AI MARKET, BY OFFERING, 2019–2022 (USD MILLION)174
TABLE 151MIDDLE EAST & AFRICA: COMPOSITE AI MARKET, BY OFFERING, 2023–2028 (USD MILLION)174
TABLE 152MIDDLE EAST & AFRICA: COMPOSITE AI MARKET, BY HARDWARE, 2019–2022 (USD MILLION)175
TABLE 153MIDDLE EAST & AFRICA: COMPOSITE AI MARKET, BY HARDWARE, 2023–2028 (USD MILLION)175
TABLE 154MIDDLE EAST & AFRICA: COMPOSITE AI MARKET, BY SOFTWARE, 2019–2022 (USD MILLION)175
TABLE 155MIDDLE EAST & AFRICA: COMPOSITE AI MARKET, BY SOFTWARE, 2023–2028 (USD MILLION)176
TABLE 156MIDDLE EAST & AFRICA: COMPOSITE AI MARKET, BY SERVICE, 2019–2022 (USD MILLION)176
TABLE 157MIDDLE EAST & AFRICA: COMPOSITE AI MARKET, BY SERVICE, 2023–2028 (USD MILLION)176
TABLE 158MIDDLE EAST & AFRICA: COMPOSITE AI MARKET, BY TECHNIQUE, 2019–2022 (USD MILLION)177
TABLE 159MIDDLE EAST & AFRICA: COMPOSITE AI MARKET, BY TECHNIQUE, 2023–2028 (USD MILLION)177
TABLE 160MIDDLE EAST & AFRICA: COMPOSITE AI MARKET, BY APPLICATION, 2019–2022 (USD MILLION)177
TABLE 161MIDDLE EAST & AFRICA: COMPOSITE AI MARKET, BY APPLICATION, 2023–2028 (USD MILLION)178
TABLE 162MIDDLE EAST & AFRICA: COMPOSITE AI MARKET, BY VERTICAL, 2019–2022 (USD MILLION)178
TABLE 163MIDDLE EAST & AFRICA: COMPOSITE AI MARKET, BY VERTICAL, 2023–2028 (USD MILLION)179
TABLE 164MIDDLE EAST & AFRICA: COMPOSITE AI MARKET, BY COUNTRY, 2019–2022 (USD MILLION)179
TABLE 165MIDDLE EAST & AFRICA: COMPOSITE AI MARKET, BY COUNTRY, 2023–2028 (USD MILLION)180
10.5.3UNITED ARAB EMIRATES180
10.5.3.1Customer support services to drive market for composite AI in UAE180
10.5.4SAUDI ARABIA181
10.5.4.1Operational efficiency of composite AI solutions and services to drive market181
10.5.5SOUTH AFRICA181
10.5.5.1Emphasis on improving customer experience to drive demand for composite AI181
10.5.6ISRAEL181
10.5.6.1Country’s reputation as technological powerhouse to drive market181
10.5.7REST OF MIDDLE EAST & AFRICA181
10.6LATIN AMERICA182
10.6.1LATIN AMERICA: COMPOSITE AI MARKET DRIVERS182
10.6.2LATIN AMERICA: RECESSION IMPACT182
TABLE 166LATIN AMERICA: COMPOSITE AI MARKET, BY OFFERING, 2019–2022 (USD MILLION)183
TABLE 167LATIN AMERICA: COMPOSITE AI MARKET, BY OFFERING, 2023–2028 (USD MILLION)183
TABLE 168LATIN AMERICA: COMPOSITE AI MARKET, BY HARDWARE, 2019–2022 (USD MILLION)183
TABLE 169LATIN AMERICA: COMPOSITE AI MARKET, BY HARDWARE, 2023–2028 (USD MILLION)183
TABLE 170LATIN AMERICA: COMPOSITE AI MARKET, BY SOFTWARE, 2019–2022 (USD MILLION)184
TABLE 171LATIN AMERICA: COMPOSITE AI MARKET, BY SOFTWARE, 2023–2028 (USD MILLION)184
TABLE 172LATIN AMERICA: COMPOSITE AI MARKET, BY SERVICE, 2019–2022 (USD MILLION)184
TABLE 173LATIN AMERICA: COMPOSITE AI MARKET, BY SERVICE, 2023–2028 (USD MILLION)185
TABLE 174LATIN AMERICA: COMPOSITE AI MARKET, BY TECHNIQUE, 2019–2022 (USD MILLION)185
TABLE 175LATIN AMERICA: COMPOSITE AI MARKET, BY TECHNIQUE, 2023–2028 (USD MILLION)185
TABLE 176LATIN AMERICA: COMPOSITE AI MARKET, BY APPLICATION, 2019–2022 (USD MILLION)186
TABLE 177LATIN AMERICA: COMPOSITE AI MARKET, BY APPLICATION, 2023–2028 (USD MILLION)186
TABLE 178LATIN AMERICA: COMPOSITE AI MARKET, BY VERTICAL, 2019–2022 (USD MILLION)187
TABLE 179LATIN AMERICA: COMPOSITE AI MARKET, BY VERTICAL, 2023–2028 (USD MILLION)187
TABLE 180LATIN AMERICA: COMPOSITE AI MARKET, BY COUNTRY, 2019–2022 (USD MILLION)188
TABLE 181LATIN AMERICA: COMPOSITE AI MARKET, BY COUNTRY, 2023–2028 (USD MILLION)188
10.6.3BRAZIL188
10.6.3.1Focus on technologies and applications to drive market for composite AI188
10.6.4MEXICO189
10.6.4.1Proximity to US and technical expertise within country to drive growth189
10.6.5ARGENTINA189
10.6.5.1Initiatives by government and private institutions to provide common ground for collaboration and development189
10.6.6REST OF LATIN AMERICA189
11COMPETITIVE LANDSCAPE190
11.1OVERVIEW190
11.2STRATEGIES ADOPTED BY KEY PLAYERS190
TABLE 182OVERVIEW OF STRATEGIES ADOPTED BY KEY COMPOSITE AI VENDORS190
11.3REVENUE ANALYSIS192
11.3.1HISTORICAL REVENUE ANALYSIS193
FIGURE 44HISTORICAL REVENUE ANALYSIS OF TOP PLAYERS, 2020–2022 (USD MILLION)193
11.4MARKET SHARE ANALYSIS194
FIGURE 45MARKET SHARE ANALYSIS FOR KEY COMPANIES, 2022194
TABLE 183COMPOSITE AI MARKET: DEGREE OF COMPETITION195
11.5COMPANY EVALUATION QUADRANT195
11.5.1STARS195
11.5.2EMERGING LEADERS195
11.5.3PERVASIVE PLAYERS196
11.5.4PARTICIPANTS196
FIGU