$5.69 Bn New Product Forecasting Artificial Intelligence (AI) Global Market Analysis And Long-Term Forecasts, 2019-2024, 2024-2029F, 2034F

(MENAFN- GlobeNewsWire - Nasdaq) The market opportunities for new product forecasting AI are driven by increasing smart devices, IoT adoption, cloud-based systems, and digital transformation. Key trends include AI-powered predictive algorithms and real-time demand sensing. Growth is fueled by smart city projects and enhanced user engagement. North America leads, Asia-Pacific is fastest-growing.

Dublin, Jan. 07, 2026 (GLOBE NEWSWIRE) -- The "New Product Forecasting Artificial Intelligence (AI) Global Market Report 2025" has been added to ResearchAndMarkets's offering.

The new product forecasting artificial intelligence (AI) market size has grown exponentially in recent years and is set to continue this trend in the coming years. It is projected to grow from $1.63 billion in 2024 to $2.09 billion in 2025, and further to $5.69 billion in 2029, reflecting a compound annual growth rate (CAGR) of 28.4%. Key drivers include the widespread adoption of smart devices, an increase in IoT-based sensors, and growing interest in context-aware systems.

The industry is experiencing growth predominantly in areas utilizing AI for cloud-based ambient systems, smart city projects, and AI-powered location services. Innovations in AI, such as real-time demand sensing and machine learning-based forecasting models, are at the forefront, offering enhanced capabilities in predicting market demand and consumer behavior. For instance, in January 2025, Belle AI introduced an advanced platform featuring automatic trend adjustments and scenario modeling, significantly refining forecast accuracy for new product launches.

Digital transformation is pivotal in amplifying the AI market's growth. This transformation fuels the need for data-driven decision-making, enabling better accuracy in demand prediction and optimizing product launch efficiency. Investments in infrastructure, like the $535 million boost for the UK's digital infrastructure program, indicate a solid path towards further integration of AI in business processes.

Prominent companies in the field, including Amazon Web Services, Google, Microsoft, and Oracle, are capitalizing on this growth by advancing AI technologies and enhancing product offerings. Specifically, Evaluate Ltd.'s acquisition of J+D Forecasting Ltd. serves to reinforce its capabilities in the healthcare sector, showcasing industry consolidation and a focus on expanding AI-driven forecasting solutions.

Regionally, North America leads the market, while Asia-Pacific is anticipated to be the fastest-growing area. Key economies like China, India, and the USA are significant contributors to the market's expansion. However, global trade relations and tariffs, such as those implemented by the U.S. in 2025, pose challenges. These tariffs have elevated production costs, impacting components critical for the IT sector, including semiconductors and circuit boards. To counteract these effects, tech firms are investing in domestic manufacturing and AI-driven automation technologies.

This market research highlights the new product forecasting AI landscape, detailing market sizes, trends, opportunities, and challenges. It underscores the importance of AI in streamlining market analysis, enhancing forecasting accuracy, and driving innovation across industries, crucial for navigating the continuously evolving global market environment.

Key Attributes:

Report Attribute	Details
No. of Pages	250
Forecast Period	2025 - 2029
Estimated Market Value (USD) in 2025	$2.09 Billion
Forecasted Market Value (USD) by 2029	$5.69 Billion
Compound Annual Growth Rate	28.4%
Regions Covered	Global

Report Scope:

Markets Covered:

• By Component: Software, Hardware, Services
• By Deployment Mode: Cloud, On-Premises
• By Enterprise Size: Large Enterprises, Small and Medium Enterprises
• By End-User: Retailers, Manufacturers, Distributors, E-Commerce

Subsegments:

• By Software: Cloud-Based Solutions, On-Premise Solutions
• By Hardware: Servers, Storage Devices, Networking Equipment
• By Services: Professional Services, Managed Services, Consulting Services

Companies Featured

• Amazon Web Services Incorporated
• Google LLC
• Microsoft Corporation
• International Business Machines Corporation
• Oracle Corporation
• Salesforce Incorporated
• SAP SE
• Infor Incorporated
• Alteryx Incorporated
• Kinaxis Incorporated
• Anaplan Incorporated
• DataRobot Incorporated
• Board International S.A.
• H2O Incorporated
• NextGen Invent
• RapidMiner Incorporated
• SAS Institute Inc.
• Ikigai Labs
• ImpactiveAI
• Panorad AI

For more information about this report visit

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Attachment

• New Product Forecasting Artificial Intelligence (AI) Market

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