The global business services market is forecast to reach a compound annual growth rate (CAGR) of 21% from 2023 to 2032. Last year, the market was estimated to be valued at $203.7 Billion, and it is projected to reach $13.8 trillion by 2032.
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2024 Global Business Services Industry Report
Posted on March 18, 2024 By
Benchmark International in
Benchmark International +
Mergers and Acquisitions +
consulting +
business services +
cybersecurity +
global industry report +
technology solutions +
market trends +
2024 +
outsourcing +
international marketing +
2024 business trends
Global Artificial Intelligence Industry Update
Posted on December 27, 2022 By
Benchmark International in
Benchmark International +
AI Global Media +
Mergers and Acquisitions +
Artificial Intelligence +
cybersecurity +
Global artificial intelligence +
software solutions +
Compound annual growth rate
The global artificial intelligence (AI) market was valued at $93.5 billion last year and is forecast to expand at a compound annual growth rate (CAGR) of 38.1% between 2022 and 2030. AI is proving to be a transformative factor in today’s digital era and is being applied in every area possible, from self-driving cars to life-saving medical equipment. The big tech giants continue to invest in research and innovation that is driving the adoption of advanced AI technologies in industry verticals, including healthcare, finance, automotive, retail, and manufacturing. AI offers better efficiency, and many companies are also adopting AI technology to offer better customer experiences.