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Citizen Services AI Global market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033
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LONDON, GREATER LONDON , UNITED KINGDOM, October 22, 2024 /EINPresswire / -- The citizen services AI market has experienced remarkable growth in recent years. It is projected to increase from $4.48 billion in 2023 to $6.64 billion in 2024, representing a compound annual growth rate (CAGR) of 48.3%. This historical growth can be attributed to various factors, including government modernization initiatives, digital transformation in public services, rising citizen expectations, budget constraints, and an increased demand for self-service options.
What Is The Estimated Market Size Of The Global Citizen Services AI Market And Its Annual Growth Rate?
The citizen services AI market is anticipated to experience exponential growth in the coming years, projected to reach $29.93 billion by 2028, with a compound annual growth rate (CAGR) of 45.7%. This growth during the forecast period can be attributed to several factors, including the expansion of AI in public sector services, improved personalization in citizen engagement, rising demand for automation, accelerated adoption of chatbots and virtual assistants, and a focus on accessibility and inclusivity.
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Growth Driver Of The Citizen Services AI Market
The growing adoption of automation is expected to fuel the expansion of the citizen services AI market. Automation involves technological applications that minimize the need for human input and encompasses various applications, including home automation, IT automation, and business process automation. Citizen services AI leverages different automation resources, allowing tasks that previously required human intelligence-such as interpreting speech, text, or image content, as well as identifying patterns and anomalies-to be managed by artificial intelligence.
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Which Market Players Are Driving The Citizen Services AI Market Growth?
Key players in the market include Accenture plc, Huawei Technologies Co. Ltd., Amazon Web Services Inc., International Business Machines Corporation (IBM), Intel Corporation, NEC Corporation, Idemia Identity & Security USA LLC, Fujitsu Limited, HID Global Corporation, Suprema Inc., Cognitec Systems GmbH, Iris ID Systems Inc., ZKTeco Inc., Ayonix Corporation, Herta Security S. L., IriTech Inc., Princeton Identity Inc., VoiceIt Technologies LLC, Bioid Technologies AG, Biomatiques Identification Solutions Pvt. Ltd., ID R&D Inc., FacePhi S. A., ImageWare Systems Inc., BioConnect Corp., Crossmatch Technologies Inc., Aware Inc., M2SYS Technology, IrisGuard UK Ltd., FaceFirst Inc., Daon Holdings Limited, Innovatrics s. r. o., BioID AG, HYPR Corp., Veridium Ltd.
What Are The Emerging Trends Shaping The Citizen Services AI Market Size?
Key players in the market are concentrating on developing innovative products, such as CortexAI for Government, to improve their product offerings and broaden their customer base. CortexAI for Government provides a secure platform for agency leaders and higher education institutions to access cutting-edge capabilities, promoting the development of new solutions that advance their missions and enhance essential services for citizens and students nationwide.
How Is The Global Citizen Services AI Market Segmented?
1) By Technology: Machine Learning, Natural Language Processing (NLP), Image Processing, Face Recognition
2) By Application: Traffic And Transportation Management, Healthcare, Public Safety, Utilities, Other Applications
Geographical Insights: North America Leading The Citizen Services AI Market
North America was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the report during the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Citizen Services AI Market Definition
Citizen services AI involves the application of artificial intelligence to enhance citizen services. This includes computer programs that simulate human conversations through chat to improve customer support. Citizen services AI is utilized to facilitate access to justice, assist users in navigating healthcare systems, and democratize knowledge.
Citizen Services AI Global Market Report 2024 from The Business Research Company covers the following information:
.Market size data for the forecast period: Historical and Future
.Macroeconomic factors affecting the market in the short and long run
.Analysis of the macro and micro economic factors that have affected the market in the past five years
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global citizen services ai market report covering trends, opportunities, strategies, and more
The Citizen Services AI Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on citizen services ai market size, citizen services ai market drivers and trends and citizen services ai market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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