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The artificial intelligence market was valued at USD 58.15 billion in 2021, and is projected to reach USD 271.48 billion by 2027, registering a CAGR of 31.45% during the forecast period 2022 – 2027. The COVID-19 pandemic has positively impacted the market, as it has educated business executives on the potential of data analytics and artificial intelligence. AI has helped push processes, people, and services online in the public sector, and has compelled local, regional, and national governments to embrace AI.
