The rise of artificial intelligence (AI) and machine learning (ML) is having a huge impact on the software testing business. Many technologists are taking advantage of the recent rise of AI and ML, seeking ideas that bring to market something unique and innovative for this industry.
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The adoption rate of artificial intelligence (AI) is expected to grow in companies operating in the finance sector from 2022 to 2025. In 2022, nearly half of executives expected their companies to have widescale adoption in AI in their companies. In the 2025, they expected the same ratio would be exceeded for critical implementation of AI.
Source: Statista
As per the report, the machine learning (ML) market size was USD 15.44 billion in 2021. The market size is expected to rise from USD 21.17 billion in 2022 to USD 209.91 billion by 2029 at a CAGR of 38.8% during the forecast period.
Source: Globenewswire
The global revenues for the artificial intelligence (AI) market, including software, hardware, and services, is forecast to grow 19.6 per cent (on-year) in 2022 to $432.8 billion, according to a new report. The market is expected to break the $500 billion mark in 2023.
Source: International Data Corporation (IDC)
The number of AI startup acquisitions has increased steadily since 2010, growing by almost fourfold between 2015 and 2018. Increases in AI startup acquisitions have been met by increases in funding of AI startups – global funding increased from over a billion U.S. dollars in 2013 to 8.5 billion U.S. dollars in the first quarter of 2020 alone.
Source: Statista