# Artificial Intelligence Market to Surpass Valuation Of US$ 2.8 Trn By 2030 | TMR Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2021-11-17 Category: Research Reports Category URL: https://financedigest.com/category/research-reports Meta Title: AI-based Products, Mobile Apps Revive Market Growth during Meta Description: Discover how AI and Big Data are being leveraged to monitor cases, identify disease clusters, and predict future outbreaks. Learn how companies are focusing on URL: https://financedigest.com/artificial-intelligence-market-to-surpass-valuation-of-us-2-8-trn-by-2030-tmrhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/research-report-1-13-1736837217281-compressed.jpg) ### AI-based Products, Mobile Apps Revive Market Growth during Coronavirus Outbreak In order to address the coronavirus situation, Big Data and Artificial Intelligence (AI) are being successfully used.  The AI is being leveraged to monitor cases, identify disease clusters, and predict future outbreaks. Such trends are creating incremental opportunities for companies in the [artificial intelligence market.](https://www.transparencymarketresearch.com/artificial-intelligence-market.html) Stakeholders are taking efforts to develop early warning systems by extracting information from social media platforms and news sites to provide useful information about vulnerable regions. AI-based triage systems are being provided by companies in the artificial intelligence market. However, a relatively small amount of buyers is opting for such technologies. Thus, companies are focusing mainly on AI-based mobile health apps, smart watches, cameras, and wearable devices to revive [market growth](https://www.financedigest.com/forestry-excavators-market-is-set-to-enjoy-high-trajectory-of-sales-growth-during-2031.html "Forestry Excavators Market Is Set To Enjoy High Trajectory Of Sales Growth During 2031"). ![](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/artificial-intelligence-market-to-surpass-valuation-of-us-2-1736837217305-compressed.jpg) **To understand how our report can bring difference to your business strategy,** [**Ask for a brochure**](https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4674) ### Educational Tools Help Avoid AI Singularity, Promote Productive Applications The [artificial intelligence](https://www.financedigest.com/how-artificial-intelligence-is-simplifying-sanctions-screening-for-insurers.html "How Artificial Intelligence is Simplifying Sanctions Screening for Insurers") market is expected to advance at an explosive CAGR of **~29%** during the assessment period. However, high costs, lack of creativity in bots, and absence of ethics in the AI technology are [raising concerns](https://www.financedigest.com/u-s-bank-executives-raise-concerns-over-inflation.html "U.S. bank executives raise concerns over inflation") that AI could grow uncontrollably, leading to the well-known concept of AI singularity. Hence, companies are catering to productive [applications for healthcare and education in order to use the technology for constructive](https://www.financedigest.com/construction-applications-to-account-for-over-three-out-of-ten-power-tools-sold-through-2030-new-study-2.html "Construction Applications to Account for Over Three out of Ten Power Tools Sold through 2030: New Study") purposes. Companies are establishing stable [business streams in AI-based educational](https://www.financedigest.com/the-education-of-business-education.html "‘The Education of Business Education’") tools to develop skills and testing systems. AI has the potential to [drive efficiency](https://www.financedigest.com/iforces-route-genie-to-drive-efficient-carrier-management-for-freestylextreme.html "IFORCE’S ROUTE GENIE TO DRIVE EFFICIENT CARRIER MANAGEMENT FOR FREESTYLEXTREME"), personalization, and streamline admin tasks to allow teachers the time and freedom to provide an understanding of complex learning concepts and adaptability in students. **Get More Press Releases by TMR:** [https://www.prnewswire.com/news-releases/investor-esg-software-market-to-exceed-the-valuation-of-us-2-54-bn-by-2031–notes-tmr-study-301396201.html](https://www.prnewswire.com/news-releases/investor-esg-software-market-to-exceed-the-valuation-of-us-2-54-bn-by-2031--notes-tmr-study-301396201.html) ### AI-enhanced Banking Security, Compliance Generate Revenue Opportunities for Companies Banks are most likely to benefit from AI, as [banking stakeholders are gaining opportunity to rethink](https://www.financedigest.com/rethinking-retail-banking-embracing-a-customer-centricvalue-proposition.html "Rethinking retail banking: Embracing a customer-centricvalue proposition") approaches toward people and various processes. Chatbots or [digital personal assistant are among the most popular AI software in the banking](https://www.financedigest.com/igtb-launch-digital-transaction-banking-available-as-saas.html "iGTB launch Digital Transaction Banking available as SaaS") sector, which helps to answer FAQs (Frequently Asked Questions) of customers. Companies in the [artificial intelligence market are providing AI-enhanced security since bank](https://www.financedigest.com/artificial-intelligence-in-banking-magazine.html "Artificial Intelligence in Banking Magazine") data is a goldmine of personal and confidential information. On the other hand, banking compliance and financial forecasting, with the help of AI, are creating value grab opportunities for companies in the [artificial intelligence](https://www.financedigest.com/artificial-intelligence-goes-global-demand-for-ai-reaches-four-continents-in-three-months-new-figures-from-synechron-show.html "Artificial Intelligence goes global: demand for AI reaches four continents in three months, new figures from Synechron show") market. [Automating manual compliance](https://www.financedigest.com/red-box-recorders-launches-worlds-first-automated-audio-recording-compliance-verification-tool.html "RED BOX RECORDERS LAUNCHES WORLD’S FIRST  AUTOMATED AUDIO-RECORDING COMPLIANCE VERIFICATION TOOL") in cases of Know Your Customer and Anti-Money Laundering (AML) are becoming customary in banking services. **Buy now our premium research report** @ [https://www.transparencymarketresearch.com/checkout.php?rep\_id=4674<ype=S](https://www.transparencymarketresearch.com/checkout.php?rep_id=4674<ype=S) ### Self-driving Cars, Retail Drive Computer Vision Technology Computer vision, a subset of AI, is being used in self-driving automobiles. A recent and popular example of this is [Elon Musk’s](https://www.financedigest.com/elon-musk-and-others-urge-ai-pause-citing-risks-to-society.html "Elon Musk and others urge AI pause, citing ‘risks to society’") Tesla, which is exploiting computer vision at unprecedented levels for not only analyzing images but also individual pixels within the images. Carmakers are anticipated to use [computer vision to conduct tests](https://www.financedigest.com/legacy-computer-systems-and-a-lack-a-scalable-telephony-why-nhs-test-and-traces-latest-it-blunder-is-a-lesson-to-us-all.html "Legacy computer systems and a lack a scalable telephony: why NHS Test and Trace’s latest IT blunder is a lesson to us all") that validate a car’s ability to navigate safely in daily traffic. Even as computer vision [in self-driving cars is](https://www.financedigest.com/upset-by-high-prices-gms-cruise-develops-its-own-chips-for-self-driving-cars.html "Upset by high prices, GM’s Cruise develops its own chips for self-driving cars") anticipated to revolutionize mobility services, the possibility of fatal accidents remains prominent. While establishing continuous R&D in automotive applications, companies in the [artificial intelligence](https://www.financedigest.com/types-of-artificial-intelligence.html "Types of artificial intelligence") market are tapping into incremental opportunities in retail applications such as the Amazon Go checkout-free self-service retail stores. **About TMR** [TMR is a leader in the market](https://www.financedigest.com/ampoules-and-syringes-market-facts-figures-and-analytical-insights-2024-notes-tmr.html "Ampoules and Syringes Market Facts, Figures and Analytical Insights 2024 – Notes TMR") research space providing end-to-end business solutions and consulting services. TMR operates from its own [office space](https://www.financedigest.com/a-guide-to-finding-office-space-for-your-startup.html "A guide to finding office space for your startup") of almost 10,000 sq. ft located in a prime commercial complex at Pune. We serve clients in 150 countries with an approach to deep dive into the economic [aspects and geographical nuances for unfailing business](https://www.financedigest.com/addressing-the-human-aspects-of-business-transformation.html "Addressing the human aspects of business transformation") intelligence. **Contact us:** Transparency [Market Research](https://www.financedigest.com/compostable-biodegradable-refuse-bags-market-is-expected-to-reach-us-465-6-mn-by-2028-comprehensive-research-report-by-fmi.html "Compostable & Biodegradable Refuse Bags Market is expected to reach US$ 465.6 Mn by 2028- Comprehensive Research Report by FMI") State Tower, 90 [State Street](https://www.financedigest.com/state-street-comments-on-french-general-election-results.html "State Street Comments on French General Election Results"), Suite 700, Albany NY – 12207, United States **Tel:** +1-518-618-1030 **Email**: [sales@transparencymarketresearch.com](mailto:sales@transparencymarketresearch.com) **Website:** [https://www.transparencymarketresearch.com](https://www.transparencymarketresearch.com/) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---