Latest News- Composite AI Market: Software is expected to lead the Component segment during 2025-2029

The Composite AI Market is being driven by Increasing demand for trustworthy, explainable, and robust AI systems

The Composite AI Market is expected to grow at a CAGR of 35.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4610.4 million. The composite AI market is witnessing a significant shift from task-specific workflows to the development of advanced AI agents and autonomous systems. This trend signifies the next phase in composite architecture, where AI systems are no longer confined to executing predetermined tasks, but are instead equipped with the ability to reason, plan, and execute a series of actions to attain high-level objectives. An AI agent embodies the essence of a composite system, necessitating a perception layer to comprehend its surroundings, a sophisticated reasoning or planning engine (typically a large language model) to dissect objectives into executable tasks, a collection of specialized tools or models to carry out these tasks, and a means to interact with the environment, such as invoking APIs or controlling robotic actuators. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Software
  • Hardware
  • Services
• Application
  • Product design and development
  • Quality control and maintenance
  • Security and surveillance
  • Others
• End-user
  • BFSI
  • Healthcare
  • Retail and e?commerce
  • Manufacturing
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for trustworthy, explainable, and robust AI systems
• Mainstream proliferation of generative AI and need for enterprise integration
• Growing complexity of business problems and heterogeneous data ecosystems

However, the market also witnesses some limitations, which are as follows:

• High system integration complexity and lack of interoperability standards
• Severe scarcity of specialized and multidisciplinary talent
• Prohibitive computational costs and resource scarcity

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Market Scope in Composite AI Market Research Report

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Research Analysis Overview

The Composite AI Market encompasses a range of advanced technologies, including large language models, synthetic data generation, anomaly detection systems, predictive maintenance, fraud detection algorithms, risk assessment models, customer segmentation, personalized recommendations, chatbot development, virtual assistants, image recognition, object detection, sentiment analysis, text summarization, machine translation, speech recognition, AI-powered automation, process optimization, decision support systems, data visualization tools, AI-driven insights, business intelligence, data analytics platforms, knowledge graphs, semantic web technologies, and AI ethics guidelines. These technologies are transforming industries by enhancing capabilities in natural language processing, data generation, anomaly detection, predictive maintenance, fraud prevention, customer experience, and business decision-making.

Market Research Overview

The Composite Artificial Intelligence (AI) market is a segment of the larger IT software industry, focusing on companies specializing in AI model training, machine learning algorithms, deep learning frameworks, and neural network architecture. Technavio's market analysis encompasses businesses providing solutions based on these technologies, contributing to the global IT software market size. This market segment includes enterprise and technical software, as well as cloud-based AI offerings. It excludes entities producing interactive home entertainment software or database management software, maintaining the boundaries of the IT software market classification.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/