Scaling AI: Unlocking new growth and tackling industry-wide challenges

The rapid growth of artificial intelligence (AI) is transforming industries at an unprecedented pace. With a market size estimated at USD 196.63 billion in 20231, AI is projected to grow at a staggering compound annual growth rate (CAGR) of 36.6% from 2024 to 2030. This growth is largely driven by the continuous research and development efforts of technology giants, which have accelerated the adoption of AI across several industries such as automotive, healthcare, retail, finance, and manufacturing.