10 Major Catalysts Driving the Indian AI Market towards US$8B in 2025

According to a recent analysis by International Data Corp., Indian AI Market is anticipated to expand at a five-year compound annual growth rate (CAGR) of 20.2%, with total revenues reaching an astonishing $7.8 billion by 2025. (IDC). Businesses will speed up the adoption of both AI-centric and AI-non-centric applications.

Artificial intelligence has firmly established itself in our daily lives. Behind the scenes, AI is at work whether you are receiving emails, Netflix recommendations, or shopping recommendations on e-commerce websites. Winds of change have started to blow not just in the international environment but also in India. According to Swapnil Shende, senior market analyst for artificial intelligence at IDC India, India was the third-largest AI market in the Asia-Pacific region outside of Japan in 2020, trailing only China and Australia. According to IDC's predictions, India's AI would've one of the quickest rates of regional AI adoption between 2020 and 2025.

Top 10 disruptive technologies that add to India's AI Market–

1. Smarter Devices: Our world is now more intelligent and well-functioning thanks in large part to artificial intelligence. It goes above and beyond mere human simulation to make our lives easier and more convenient. As data scientists develop AI household robots, appliances, work devices, wearables, and much more, these smarter products will continue to be around well into the future, possibly even beyond 2022.

2. Datafication: As a result of datafication, there is a greater need for IT specialists, data scientists, engineers, technicians, managers, and many other occupations. Even more helpful is the availability of certification programs in data-related specializations for anyone with a solid understanding of technology who wants to work in this field. Talents are more important than high-level degrees.

3. Digital Trust: Digital technologies have gained people's faith and trust as a result of how well they accommodate and entangle individuals with devices and technologies. This well-known digital trust is a crucial trend that will lead to additional inventions. Digital conviction is the conviction that technology can create a secure, safe, and dependable digital world, allowing businesses to innovate without having to worry about maintaining the public's trust.

4. 3D Printing: The use of 3D printing to create prototypes is a significant trend in innovation and technology. The impact of this technique has been felt in the industrial and biomedical fields. We never considered printing a genuine object from a printer, yet it is possible now. Therefore, 3D printing is a further breakthrough that will endure.

5. Genomics: Imagine a system that could analyze your DNA and assist you battle illnesses and other health issues. The science of genomics focuses on the composition of genes and DNAs as well as their mapping, structure, and other characteristics. Additionally, this can assist in quantifying your genes and lead to the discovery of diseases or other potential issues that may later become health problems. One can find several technical and non-technical professions within a specialty like genomics.

6. Internet of Things: IoT is another intriguing emerging technology topic. Nowadays, a lot of "things" are constructed with Wi-Fi connectivity, allowing them to connect to the Internet and one another. The Internet of Things is the wave of the future, and it has already made it possible for gadgets, home appliances, cars, and many other things to be connected.

7. 5G: Whereas 3G and 4G technologies allowed us to access the internet, use data-driven services, enhance streaming bandwidths on Spotify or YouTube, and do so much more, 5G services are predicted to completely transform our way of life. It is anticipated that it will be utilized in factories, HD cameras that help with traffic management and safety, smart grid control, and smart retail as well.

8. Blockchain: Although the majority of people only associate blockchain technology with digital currencies like Bitcoin, it provides security that is beneficial in a variety of other contexts. Blockchain may be summed up as data that you can only add to, not subtract from, or change.

9. Cyber Security: Given that it has been around for a long, cyber security may not seem to be new technology, but it is developing much like other technologies. This is partly due to the ongoing emergence of new threats. The malicious hackers who are attempting to gain unauthorized access to data won't give up anytime soon, and they will keep looking for ways to get beyond even the strictest security measures.

10. Robotics: Drones, autonomous vehicles, and robots have all grown in popularity in the manufacturing industry, but this is only the beginning. Gigabytes of words have already been written about how robots are a disruptive force in the workforce, replacing people with less expensive, more dependable machinery.