Indian startups poised to ride vertical AI opportunity: Report
Indian companies are well-positioned to tap into the vertical AI opportunity, with global spending by enterprises on domain-specific solutions expected to reach $47 billion by 2030, according to a latest report.
The current global expenditure for domain-specific AI solutions is $5 billion and is growing at a CAGR of 40%.
The report titled “Vibe50 Emerging Vertical AI Startups,” launched on July 10 by the AI startup accelerator Upekkha, highlighted that Indian companies hold structural advantages rising out of close to 20 years of IT services that have created over 100,000 engineers who understand both US enterprise workflows and Indian operations realities.
