Human-centered AI Market Trends

  • Report ID: 5755
  • Published Date: Feb 29, 2024
  • Report Format: PDF, PPT

Human-centered AI Market Trends

Growth Drivers

  • Customization and Resilience of AI - It is usually comprehended that the flexibility of critical information technology (IT) systems dependent on artificial intelligence (AI) must be confirmed. In this respect, people think of flexibility both in terms of IT protection threats, like cyberattacks, along with the skill to forcefully continue under doubtful and transforming environmental situations, like climate change or economic crises. When people think about generative AI, the lowest-dangling fruits look to be software growth and marketing before everything else. Certainly, it is noticed that 92% of programmers already utilize AI tools equivalent to growth benefits like Stack Overflow. However, service organizations can unlock substantial profits from Gen AI approval if they know where to notice.
  • Enlargement of Human Proficiency and Judgment - It can identify facial patterns better than humans - in a study that related photos of real humans to photos of tricked human faces, AI technology recognized photos 143% more precisely and 10 times more promptly than human participants. And, AI can even satisfy them that it is a human, too – this year, ChatGPT approved the Turing test in a study executed by OpenAI and Stanford University, fooling over half of the surveyors into trusting they were communicating with a human instead of a machine.
  • Maintenance of Human Autonomy and Manage - The transformation is part of the digital shift as the industry starts to move from industrial automation to industrial autonomy (IA2IA). Industrial autonomy surpasses industrial automation by putting layers of smart sensing and machine comprehension to comprehend and allow unexpected situations – thus increasing or limiting the requirement for human intercession. Industrial autonomy allows organizations to grow fresh and increased capacities in all fields comprising generation, planning and scheduling, allocation and supply chain maintenance, engineering, area operations, and management.

Challenges

  • Problems Associated with Incorrect and Bias Generated Output - A biased AI system can result in the unfair and incorrect allocation of resources, impede upon individual liberties, restrict opportunities, and hurt the safety and well-being of citizens. It is indisputable that the digital market is continuously transforming and that they are utilized to it, but in current months Artificial Intelligence (AI) and its influences on those who work online have kept many marketing professionals and content creators up at night. That’s because while AI systems have grown an entire part of their daily lives and have converted the way people communicate with technology, they are exposed to biases that can lead to accidental effects — such as any human creation.
  • Side Effects of Blue Ray
  • Lack of Knowledge in People

Human-centered AI Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

∼9%

Base Year Market Size (2023)

~USD 8 Billion

Forecast Year Market Size (2036)

~USD 48 Billion

Regional Scope

  • North America (North America, Canada, Mexico)
  • Asia Pacific (Japan, China, India, Australia, Others)
  • Europe (Germany, Spain, UK, France, Italy, Russia, Others)
  • Middle East and Africa (South Africa, UAE, Others)
  • Latin America (Brazil, Argentina, Others)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 5755
  • Published Date: Feb 29, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing growth of the healthcare sector worldwide will majorly drive the market growth of the human-centered AI market.

The market size of the human-centered AI market is expected to get a CAGR of approximately 9% over the forecast period, i.e., 2024-2036.

The major players in the market are IBM Corporation, Google LLC., OpenAI, Microsoft Corporation, Apple Inc., Amazon Inc., NVIDIA Corporation, Cognizant, Salesforce Inc., Accenture, ABEJA Inc., LeapMind Inc., SoftBank Group Corporation, AI Technology Inc

The assistance & support segment is anticipated to reap the largest market size with almost 48% by the end of 2036 and demonstrate substantial growth scopes.

The market in the North American region is expected to have the largest market share by the end of 2036 and provide more business opportunities in the future.
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