Home > Media and Technology > Next Generation Technologies > AI and Machine Learning > causal ai market
Get a free sample of Causal AI Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Causal AI Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Microsoft Corporation and IBM Corporation hold a significant share of over 23% in the causal AI industry. Microsoft Corporation plays a dominant role in the market due to its robust AI R&D capabilities, extensive cloud infrastructure, and advanced AI technologies embedded in the Azure platform. By offering scalable, enterprise-grade AI solutions and tools for causal inference, Microsoft enables businesses to derive actionable insights and improve decision-making. In addition to product development and enabling development, its robust partner ecosystem and continuous innovations in AI research solidify Microsoft's leadership position in the AI-driven market.
IBM Corporation possesses one of the largest shares in the causal AI market due to its leading work in AI research development, predominantly in the development of robust causal inference models. With its Watson AI platform, IBM equips businesses with superior tools to understand cause-and-effect in order to make better decisions and predictive analytics. IBM has years of experience within analytics, and its wide array of partnerships, regard for AI ethics and transparency propel the company ahead in the field of causal AI.
Major players operating in the causal AI industry are:
Amazon.com, Inc, Facebook, Inc, Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, and SAP SE among others.
North America market accounted for over 35% share in 2023, as the regulatory environment encourages the use of transparent and interpretable AI solutions that conform to legal standards and ethical guidelines.
The market size of causal AI reached USD 28.9 million in 2023 and is set to witness 40% CAGR between 2024 and 2032, as it enhances predictive accuracy by distinguishing between correlation and causality in data analysis, which is helpful in predicting outcomes with certainty.
The platform segment of the causal AI industry is expected to reach over USD 362 million by 2032, as it offers integrated solutions that combine causal inference capabilities with the existing AI and ML tools.