AI Market Growth and Challenges: Transforming Business Operations and Innovation
The global Artificial Intelligence (AI) market is set for remarkable growth, with estimates suggesting a rise of USD 237.4 billion from 2024 to 2028, driven by a CAGR of 30.07% during this period, according to Technavio. Key drivers include the increasing need for fraud prevention and protection against malicious attacks, as well as a trend toward cloud-based AI services. Despite the rapid growth, the market faces challenges, primarily related to the shortage of AI experts and the high costs associated with AI implementation.




