MarkNtel Advisors has just published a new research report titled "Multimodal AI Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". This study provides an extensive analysis of market drivers, segmentation, growth opportunities, trends, and competitive landscape, aiming to provide insights into current and future market scenarios.
What insights and analysis does the report provide on the Multimodal AI market from 2024 to 2030?
The Global Multimodal AI Market size was valued at around USD 1.2 billion in 2023 and is estimated to grow at a CAGR of around 33.40% during the forecast period, i.e., 2024-30.
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Multimodal AI Market by Segments
By Offerings
- Software- Market Size & Forecast 2019-2030, USD Million
- Service- Market Size & Forecast 2019-2030, USD Million
- Professional Services- Market Size & Forecast 2019-2030, USD Million
- Managed Services- Market Size & Forecast 2019-2030, USD Million
By Deployment
- Cloud-based- Market Size & Forecast 2019-2030, USD Million
- On-Premises- Market Size & Forecast 2019-2030, USD Million
By Data Modality
- Image Data- Market Size & Forecast 2019-2030, USD Million
- Text Data- Market Size & Forecast 2019-2030, USD Million
- Speech & Voice Data- Market Size & Forecast 2019-2030, USD Million
- Video & Audio Data- Market Size & Forecast 2019-2030, USD Million
By Technology
- Speech Recognition- Market Size & Forecast 2019-2030, USD Million
- Natural Language Processing (NLP) - Market Size & Forecast 2019-2030, USD Million
- Computer Vision- Market Size & Forecast 2019-2030, USD Million
- Gesture Recognition- Market Size & Forecast 2019-2030, USD Million
- Others - Market Size & Forecast 2019-2030, USD Million
By End User
- Media & Entertainment- Market Size & Forecast 2019-2030, USD Million
- BFSI- Market Size & Forecast 2019-2030, USD Million
- Healthcare- Market Size & Forecast 2019-2030, USD Million
- Automotive & Transportation- Market Size & Forecast 2019-2030, USD Million
- Telecom- Market Size & Forecast 2019-2030, USD Million
- Retail & E-commerce- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
By Application
- Virtual Assistants & Chatbots- Market Size & Forecast 2019-2030, USD Million
- Biometric Identification & Authentication- Market Size & Forecast 2019-2030, USD Million
- Medical Imaging Analysis & Patient Monitoring- Market Size & Forecast 2019-2030, USD Million
- Driver Monitoring- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
By Enterprise Size
- Small & Medium Enterprises (SME)- Market Size & Forecast 2019-2030, USD Million
- Large Enterprises- Market Size & Forecast 2019-2030, USD Million
A comprehensive report on the Multimodal AI Market is available now- https://www.marknteladvisors.com/research-library/multimodal-ai-market.html
Multimodal AI Market Report Segment by Regions
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
What are the current trends in the global Multimodal AI Market?
Rising R&D on Autonomous Vehicles to Augment the Market Growth – In recent years, countries like the US, India, etc., experienced a surge in road accidents caused by poor road infrastructure, Speeding, and Driving Under the Influence (DUI). According to the Road & Transport Authority of India, road accidents in India, recorded a rise of around 11.9% in 2022, as compared to 2021. These accidents cause injuries and often lead to fatalities. The surging road accidents are resulting in market players like Google, Tesla, etc., to research & develop autonomous cars to offer a safer transportation alternative for consumers and their families. For instance,
- Jaguar Land Rover launched three new technology hubs to facilitate the research & development of self-driving cars in Europe.
These cars require solutions that create a comprehensive and accurate representation of the environment. Hence, automotive manufacturers use multimodal AI, uplifting market growth.
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Who are the key players in the Multimodal AI Market?
- Microsoft Corporation
- Google LLC
- Amazon Web Services (AWS)
- IBM Corporation
- NVIDIA Corporation
- META
- Aimesoft
- Jina AI GmbH
- OpenAI, LLC
- Twelve Labs Inc.
- Uniphore Technologies Inc.
- NEC Corporation
- Sensory Inc.
- SoundHound Inc.
Questions Addressed in this Study
- What factors are driving the Multimodal AI Market growth?
- How is the Multimodal AI Market expected to grow over the next five years?
- What are the key insights into the current trends in the Multimodal AI Market?
- What is the current size of the Multimodal AI Market, and how is it projected to change in the future?
- What is the future outlook for the Multimodal AI Market in terms of technological advancements and market expansion?
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