Ai And Machine Learning In Business Market To Reach $190.5 Billion, Globally, By 2032 At 32% Cagr: Allied Market Research

Allied Market Research published a report on the global AI and machine learning in business market, which is estimated to reach $190.5 billion by 2032 with a CAGR of 32% from 2023 to 2032. The market is primarily driven by cost reduction and efficiency, as well as digital transformation initiatives. However, data privacy and security concerns may hinder market growth. Advancements in AI and machine learning technology present opportunities for market growth. The report covers the market size, forecast period, drivers, restraints, and opportunities, as well as segments such as component, enterprise, application, end user, and region.