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Global Citizen Services AI Research Report 2023 - ResearchAndMarkets.com


The "Citizen Services AI - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Citizen Services AI Market to Reach $90.4 Billion by 2030

The global market for Citizen Services AI estimated at US$6.3 Billion in the year 2022, is projected to reach a revised size of US$90.4 Billion by 2030, growing at a CAGR of 39.5% over the analysis period 2022-2030.

AI-enabling technologies, such as advanced algorithms and computing power, play a crucial role in AI's development and application. These technologies enable machines to process and analyze vast amounts of data, recognize patterns, and make predictions or recommendations.

Several factors, such as the increasing demand for automation, data-driven decision-making, and enhanced customer experiences, have led to the rapid evolution of AI. Industries across the board are expediting their digital transformation strategies, recognizing AI's potential to drive innovation and efficiency.

Solutions, one of the segments analyzed in the report, is projected to record 37.9% CAGR and reach US$61.6 Billion by the end of the analysis period. Growth in the Services segment is estimated at 43.5% CAGR for the next 8-year period.

The COVID-19 pandemic has highlighted the important role of AI in healthcare and other sectors. AI has been instrumental in data analysis, drug discovery, vaccine development, and contact tracing, contributing significantly to the global response to the pandemic.

Looking ahead, the global outlook for AI remains promising, with continued growth and adoption expected. Various segments within the AI market, including citizen services AI, are witnessing competition among key players. The competitive market presence of these players ranges from strong and active to niche or trivial on a global scale.

The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 46.5% CAGR

The Citizen Services AI market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$12.3 Billion by the year 2030 trailing a CAGR of 46.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 29.5% and 33% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 38.7% CAGR.

What`s New?

Key Attributes:

Report Attribute Details
No. of Pages 403
Forecast Period 2022 - 2030
Estimated Market Value (USD) in 2022 $6.3 Billion
Forecasted Market Value (USD) by 2030 $90.4 Billion
Compound Annual Growth Rate 39.5%
Regions Covered Global

MARKET TRENDS & DRIVERS

FOCUS ON SELECT PLAYERS (Total 75 Featured)

For more information about this report visit https://www.researchandmarkets.com/r/n75dw7

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