Newark, April 18, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 1.75 billion in 2023 global Adaptive AI market will reach USD 36.66 billion by 2033. Adopting adaptive AI technologies in autonomous vehicles and intelligent transportation systems presents significant opportunities for innovation and growth. Adaptive AI enables vehicles to perceive and adapt to their environment, make real-time decisions, and navigate complex traffic conditions safely. Adaptive AI can revolutionize the transportation industry and enhance mobility for individuals and goods by improving traffic flow, reducing accidents, and optimizing route planning. Furthermore, adaptive AI offers predictive maintenance and asset management opportunities across various industries, including manufacturing, energy, and utilities. By studying sensor data, historical maintenance records, and equipment performance metrics, adaptive AI systems can predict equipment failures, optimize maintenance schedules, and reduce downtime, leading to lower costs and enhanced operational efficiency.
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Additionally, adaptive AI enables retailers to personalize customer experiences and drive sales through targeted marketing, product recommendations, and dynamic pricing strategies. By analyzing customer behaviour, preferences, and purchase history, adaptive AI systems can deliver personalized offers, promotions, and recommendations across multiple channels, enhancing customer engagement and loyalty. Moreover, adaptive AI presents opportunities for innovation in the financial services industry, including algorithmic trading, risk management, fraud detection, and customer service automation. By leveraging real-time data, market trends, and predictive analytics, adaptive AI systems can optimize investment strategies, mitigate risks, detect fraudulent activities, and improve customer service, driving growth and competitiveness in the financial services sector. Besides, adopting adaptive AI technologies in smart cities and infrastructure presents opportunities for optimizing resource allocation, improving public services, and enhancing urban sustainability. Adaptive AI can analyze sensor data, traffic patterns, and environmental factors to optimize energy usage, transportation systems, waste management, and public safety, creating more efficient and livable cities.
Key Insight of the global Adaptive AI market
Asia Pacific is expected to witness the highest market growth over the forecast period.
Asia Pacific is home to some of the world's fastest-growing economies, including China, India, Japan, South Korea, and Southeast Asian economies. This region's rapid economic growth fuels demand for advanced technologies like adaptive AI to improve productivity, drive innovation, enhance efficiency, and achieve a competitive edge in the international market. The region also has a rapidly expanding digital economy characterized by increasing internet penetration, smartphone adoption, and e-commerce activity. The region's growing digital infrastructure creates vast amounts of data that adaptive AI systems can leverage for insights, personalization, and optimization across various industries and sectors. Most importantly, governments across the Asia Pacific are investing heavily in AI research, development, and adoption as part of their national economic growth and innovation strategies. Initiatives such as China's New Generation Artificial Intelligence Development Plan, India's National AI Strategy, and Japan's AI Technology Strategy aim to accelerate the development and deployment of AI technologies, including adaptive AI, driving market growth in the region. Additionally, Asia Pacific is home to vibrant tech hubs and innovation ecosystems, particularly in cities like Beijing, Shanghai, Bangalore, Singapore, Seoul, and Tokyo. These ecosystems bring together startups, research institutions, multinational corporations, and investors, fostering collaboration, entrepreneurship, and technology transfer in AI and related fields. Besides, businesses across Asia are increasingly adopting AI technologies, including adaptive AI, to drive innovation, improve efficiency, and enhance customer experiences. Industries such as healthcare, finance, manufacturing, retail, and agriculture are leveraging adaptive AI for personalized medicine, fraud detection, predictive maintenance, customer analytics, and supply chain optimization, among other applications.
In 2023, the platform segment dominated the market with the largest share of 53.61% and revenue of 0.94 billion.
The component segment is divided into platform and services. In 2023, the platform segment dominated the market with the largest share of 53.61% and revenue of 0.94 billion.
In 2023, the deep learning segment dominated the market with the largest share of 35.29% and revenue of 0.62 billion.
The technology segment includes computer vision, deep learning, machine learning, natural language processing (NLP) and reinforcement learning. In 2023, the deep learning segment dominated the market with the largest share of 35.29% and revenue of 0.62 billion.
In 2023, the offline learning and adaptation segment dominated the market with the largest share of 30.14% and revenue of 0.53 billion.
The application segment is split into autonomous decision-making, context-aware adaptation, offline learning and adaptation, real-time adaptive AI and others. In 2023, the offline learning and adaptation segment dominated the market with the largest share of 30.14% and revenue of 0.53 billion.
In 2023, the BFSI segment dominated the market with the largest share of 23.18% and revenue of 0.41 billion.
The end-use segment is classified into aerospace & defense, BFSI, healthcare & life sciences, IT & telecommunications, manufacturing, media & entertainment, retail & e-commerce and others. In 2023, the BFSI segment dominated the market with the largest share of 23.18% and revenue of 0.41 billion.
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Advancement in market
In January 2024: Squirrel Ai, a Chinese education technology firm, has launched an innovative adaptive learning large model. This pioneering release stands as one of the industry's early implementations to integrate adaptive learning technology with multi-modal large models. Adaptive learning, a facet of interactive education, caters to individual needs through tailored learning paths, constructive feedback, and supplementary resources, departing from traditional one-size-fits-all curricula. In a commitment to promoting educational equity, Squirrel Ai has announced plans to offer its system free of charge to 20% of children from the world's most economically disadvantaged families.
In February 2023: SAS Institute Inc. has joined the Clean Energy Smart Manufacturing Innovation Institute (CESMII), a prominent Smart Manufacturing Institute. The alliance aims to expedite the adoption of advanced analytics and artificial intelligence (AI) within the manufacturing industry.
Market Dynamics
Driver: Growing adoption across industries.
Adaptive AI, a cutting-edge technology that dynamically adjusts its behaviour and responses based on changing circumstances and data inputs, is revolutionizing numerous industries. Its versatility has led to extensive adoption of healthcare, finance, retail, automotive, manufacturing, and beyond. Recognized for its ability to enhance efficiency, spur innovation, and provide competitive advantages, adaptive AI is reshaping operations and decision-making processes across various sectors. Adaptive AI streamlines patient care by analyzing vast medical data to personalize treatment plans and predict potential health issues. In finance, it is optimizing investment strategies by adapting to market fluctuations and identifying trends that human analysts might overlook. In retail, adaptive AI improves customer experiences through personalized recommendations and targeted marketing campaigns, driving sales and customer loyalty. Adaptive AI powers autonomous vehicles in the automotive industry, enhancing road safety and efficiency. Meanwhile, manufacturing optimizes production processes by dynamically adjusting equipment settings and predicting maintenance needs to minimize downtime. The increasing recognition of adaptive AI's potential to transform industries is driving its adoption at a rapid pace. Companies across various sectors leverage their capabilities to make informed decisions, gain insights, and stay one step ahead of their competitors in an increasingly energetic and data-driven business landscape. As technology continues to evolve, adaptive AI is expected to play an even more significant role in shaping the future of diverse industries, unlocking new opportunities for growth and innovation.
Restraint: High costs of implementation.
Developing and deploying adaptive AI systems typically entails significant investments in various resources. This substantial upfront cost can hamper market expansion for small and medium-sized enterprises (SMEs). SMEs may face challenges acquiring the necessary hardware infrastructure to support adaptive AI systems. These systems often demand powerful computational resources to process and analyze large datasets in real time, which can be expensive to procure and maintain. Additionally, the software required for developing and running adaptive AI algorithms may come with hefty licensing or subscription costs, further adding to the financial burden. Moreover, deploying adaptive AI systems necessitates specialized expertise in data science, ML, and software engineering. SMEs may need help recruiting or training personnel with the requisite skills, as individuals proficient in these areas are in high demand and may command substantial salaries. Alternatively, outsourcing these tasks to external experts can incur additional expenses. Furthermore, SMEs must consider the ongoing costs of maintaining and updating adaptive AI systems to ensure their effectiveness and relevance over time. This aspect includes expenses related to data management, algorithm optimization, and cybersecurity measures to safeguard sensitive information.
Opportunity: Education and adaptive learning.
One of the key strengths of adaptive AI is its ability to recognize and accommodate diverse learning styles. Whether a student learns and understands best through auditory, kinesthetic, visual, or other methods, the technology can customize the content delivery to align with their preferences, enhancing comprehension and retention. Moreover, adaptive AI identifies specific areas where students may be struggling or excelling and adjusts the difficulty level of tasks accordingly. For instance, if a student is proficient in certain concepts but requires additional support in others, the system can provide targeted exercises and resources to address those areas of weakness, fostering a more comprehensive understanding of the subject matter. Additionally, adaptive AI promotes individualized pacing, letting students progress through the material quickly. This flexibility accommodates differences in learning rates and ensures that each student has sufficient time to learn and master concepts before moving on to more advanced topics. For educators, adaptive AI provides valuable insights into student progress and performance. By analyzing student interactions and outcomes data, educators understand each student's strengths, weaknesses, and learning trajectories. With this information, teachers can deliver more effective interventions and personalized support, ultimately helping students achieve their full potential. Overall, adaptive AI technologies represent a transformative tool in education, offering personalized learning experiences that cater to the unique needs of every student. By leveraging data-driven insights and adaptive algorithms, these technologies empower educators to optimize learning outcomes, promote engagement, and cultivate a more inclusive and effective learning environment.
Challenge: Integration complexity.
One of the primary difficulties lies in bridging the technological gap between traditional systems and advanced AI capabilities. Legacy systems, often built on outdated architectures and technologies, may need more flexibility and adaptability to incorporate AI functionalities seamlessly. This misalignment can result in bottlenecks, data silos, and inefficiencies within the workflow, hindering the realization of AI's full potential. Moreover, the integration process entails various technical challenges, including data standardization, protocol translation, and API development. Data stored in disparate formats and locations must be harmonized for effective AI-driven analysis and decision-making. Additionally, ensuring smooth communication between different systems and applications requires the creation of robust interfaces and protocols. Furthermore, organizations must address the organizational and cultural barriers to AI integration. Resistance to change, lack of expertise, and concerns about job displacement can impede progress and prolong implementation timelines.
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Some of the major players operating in the global Adaptive AI market are:
• Apexon
• ABB Ltd.
• Aclara Technologies LLC
• Adaptive Computing Enterprises, Inc.
• Cygnus Software
• Cisco Systems, Inc.
• Dynam.AI
• Eaton Corporation
• General Electric
• Honeywell International Inc.
• Huawei Technologies Co., Ltd.
• IBM Corporation
• Itron, Inc.
• Leewayhertz
• Landis+Gyr AG
• Markovate
• Ness Digital Engineering
• Oracle Corporation
• Risingmax
• Softura
• Suffescom Solutions
• Siemens AG
• Schneider Electric SE
• Sensus (Xylem Inc.)
• Toshiba Corporation
• Workday, Inc.
Key Segments cover in the market:
By Component
• Platform
• Services
By Technology
• Computer Vision
• Deep Learning
• Machine Learning
• Natural Language Processing (NLP)
• Reinforcement Learning
By Application
• Autonomous Decision-Making
• Context-aware Adaptation
• Offline Learning and Adaptation
• Real-time Adaptive AI
• Others
By End-use
• Aerospace & Defense
• BFSI
• Healthcare & Life Sciences
• IT & Telecommunications
• Manufacturing
• Media & Entertainment
• Retail & E-commerce
• Others
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, the UK, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
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About the report:
The market is analyzed based on value (USD Billion). All the segments have been analyzed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyses driving factors, opportunities, restraints, and challenges to gain critical market insight. The study includes Porter's five forces model, attractiveness analysis, Product analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
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