Market Research And Feasibility Study For AI Companies

The Artificial Intelligence (AI) market in India is rapidly expanding, driving innovation and automation of various business sectors. According to a NASSCOM-EY report, the Indian AI market size is currently between $7-10 billion, and is growing at a rate of 25-35% annually.


  • Market research for AI Companies in India.The Artificial Intelligence (AI) market is growing at a very fast pace.The size of the AI market in India was estimated to be around USD 4.62 billion by 2023. Several initiatives by the Indian government, demand for AI-based solutions, digital infrastructure, rich data sources, increase in PE investments, etc. are at the forefront of driving the market expansion. As a result, India is emerging as a significant player in the AI landscape in the world and is ranked fifth among the top 5 global leaders. Overall, the future of AI in India looks bright as the market is projected to grow at a CAGR of 28.6% between 2024 and 2030. AI sub-markets such as robotics, computer vision, machine learning, natural language processing, and generative AI are also witnessing rapid growth. They provide features such as quick and error-free decision making and content creation. As it has the ability to improve efficiency and solve complex problems.

  • The growth of the AI market in India is being driven primarily by the banking, healthcare, and retail sectors. These sectors have increasingly started incorporating AI resources to deliver better customer and business outcomes. As Artificial Intelligence (AI) grows in India, consumers are using AI to improve their day-to-day activities and business and are also taking help from feasibility analysis for AI startups in India.

  • Major Companies Indian Technology giants such as Infosys Technologies, TCS, Wipro, HCL Technologies are the major companies in this sector.

Despite the strong growth of the AI industry, many challenges are still being faced to bring it into use. One of the biggest concerns in India is the lack of skilled talent, especially talented workers in areas such as machine learning and data science. According to a NASSCOM report, the shortage of AI talent in India is currently at the level of about 100,000 professionals. More practical information can be collected through feasibility study solutions for AI startups in India. Which can be used in your business.
Location: India

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