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Vertical AI Market Size

Report ID: GMI12504
Published Date: Dec 2024
Report Format: PDF

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Vertical AI Market Size

The global vertical AI market size was valued at USD 10.2 billion in 2024 and is estimated to register a CAGR of 21.6% between 2025 and 2034. Vertical AI offers tailored solutions to meet the unique challenges and requirements of various industries such as healthcare, automotive, manufacturing, and finance. This customization leads to highly specialized tools that can optimize industry-specific processes and solve problems that general AI solutions cannot effectively address. The need for solutions that directly solve sector-specific challenges drives the adoption of vertical AI across industries.

Vertical AI Market Size

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For instance, in August 2024, PathAI, a provider of AI and digital pathology solutions, launched its AIM-MASH product on the AISight Image Management System (IMS). AIM-MASH uses advanced AI to help analyze the MASH Clinical Research Network's (CRN) Metabolic Dysfunction-Associated Steatotic Liver Disease (MASLD) Activity Score (MAS) grades and fibrosis staging. This launch aims to improve the consistency and scalability of pathologists' assessments and management of MASH cases. The product revolutionizes drug development by aiding pathologists in conducting high-quality, reproducible MASH assessments.

Vertical AI Market Report Attributes
Report Attribute	Details
Base Year:	2024
Vertical AI Market Size in 2024:	USD 10.2 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	21.6%
2025 – 2034 Value Projection:	USD 69.6 Billion
Historical Data for:	2021 – 2024
No. of Pages:	175
Tables, Charts & Figures:	200
Segments covered:	Component, Deployment Model, Enterprise Size, Technology, End Use
Growth Drivers:	Increasing demand for AI solutions tailored to industry-specific applications Advancements in AI technologies Strong investments from enterprises and governments in AI-driven transformation Growing adoption of AI to improve operational efficiency and decision-making
Pitfalls & Challenges:	High costs and complexity of developing domain-specific AI solutions Data privacy and compliance challenges

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Furthermore, as businesses aim for greater efficiency, the demand for automation is rising. Vertical AI helps automate repetitive and labor-intensive tasks in various sectors. In manufacturing, AI improves production lines by automating quality control and predictive maintenance, reducing downtime. In customer service, AI chatbots handle routine questions, allowing human agents to focus on more complex issues. This drive for automation is a major factor in the growth of the market, as companies seek to streamline operations, lower labor costs, and increase productivity.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of vertical AI reached USD 10.2 billion in 2024 and is set to grow at a 21.6% CAGR from 2025 to 2034, driven by the increasing demand for industry-specific AI solutions.

The machine learning segment captured 36% of the market share in 2024, benefiting sectors like retail, finance, and insurance by enabling businesses to predict future trends through historical data analysis.

The North America market accounted for 40% of the revenue share in 2024, led by strong tech infrastructure and significant investment opportunities in AI innovation.

The key players in the industry include Atomwise, BenevolentAI, Blue River Technology, Databricks, Farmers Edge, Harvey AI, Insilico Medicine, Nauto, Path AI, and Recursion Pharmaceuticals.