Multimodal AI Market - Top Companies and Manufacturers

  • Report ID: 6472
  • Published Date: Sep 25, 2024
  • Report Format: PDF, PPT

Companies Dominating the Multimodal AI Market

    The global multimodal AI market is highly competitive consisting of several IT giants and local software and hardware manufacturers. Along with these, many research organizations are at the forefront of this competitive landscape, each contributing unique innovations and technologies.

    Together, these businesses control the lion's share of the multimodal AI market and set the direction of industry trends. They are also seen to adopt several strategic moves such as mergers and acquisitions, partnerships, product launches, or joint ventures to enhance their product base and sustain the competition. To map the supply network, these multimodal AI businesses' financials, strategy maps, and products are examined. Here are some leading players in the multimodal AI market:

    • Reka AI, Inc.,
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Aimesoft
    • Amazon Web Services, Inc.
    • Google LLC
    • IBM Corporation
    • Jina AI GmbH
    • Meta.
    • Microsoft
    • OpenAI, L.L.C.
    • Twelve Labs Inc.

Browse Key Market Insights with Data Illustration:

In the News

  • In October 2023, Reka AI, Inc., launched Yasa-1, a ground-breaking multimodal AI assistant intended to expand its comprehension beyond text to encompass images, brief movies, and audio clips. Yasa-1 gives businesses the adaptability to customize their features to private datasets with different modalities, allowing for the development of creative experiences for a range of use cases. The assistant can manage large contextual documents, run code, and provide contextually relevant responses that are gathered from the internet and supports 20 languages.
     
  • In December 2023, Meta disclosed its plan to roll out multimodal AI features that gather ambient data using the cameras and microphones on the company's smart glasses. Saying "Hey Meta" to a virtual assistant that can see and hear what's going on in their immediate surroundings allows users to utilize the Ray-Ban smart glasses.

Author Credits:  Abhishek Verma


  • Report ID: 6472
  • Published Date: Sep 25, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The multimodal AI market size was USD 1.8 billion in 2024.

The global multimodal AI market size was USD 1.8 billion in 2024 and is likely to reach USD 98.9 billion by the end of 2037, expanding at a CAGR of 36.1% over the forecast period, i.e., 2025-2037.

Aimesoft, Amazon Web Services, Inc., Google LLC, IBM Corporation, Jina AI GmbH, Meta., Microsoft, OpenAI, L.L.C., and Twelve Labs Inc. are some key players in the market.

The software segment is expected to hold a leading share during the forecast period.

North America is projected to offer lucrative prospects with a share of 35.9% during forecast period.
Inquiry Before Buying Request Free Sample
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample