Research And Markets released a report detailing the growth of the multimodal AI market in enterprise applications. According to Cision's PR Newswire, the report titled "Multimodal AI Growth Opportunities in Enterprise Applications" provides an inclusive overview of the emerging multimodal AI use cases across industry verticals and horizontal business functions. It also highlights the key drivers and restraints impacting the AI market, making it a valuable resource for technology vendors and service providers.
According to Cision's PR Newswire article, the digital realm is continuing to grow and flourish. Henceforth, the artificial intelligence market holds an important role in changing traditional "job roles, operational workflows, and business frameworks." Many different companies across industries are now trying to integrate new multimodal AI tools, solutions, and platforms into their agencies. These AI's capabilities are becoming more and more polished in enhancements in voice, video, and text. The growth of the multimodal AI market is greatly supported and is set for steady growth.
As Aimesoft, a company that provides AI services and solutions to the global market, posits in their Multimodal Artificial Intelligence page, that this type of AI is a stronger type that can include speech synthesis, speech recognition, computer vision, data mining, and natural language processing to its set of abilities. "Multimodal AI is a new AI paradigm, in which various data types (image, text, speech, numerical data) are combined with multiple intelligence processing algorithms to achieve higher performances. Multimodal AI often outperforms single-modal AI in many real-world problems."
According to their online About Us page, Research and Markets is the world’s largest market research store, helping provide data and insight for over 450 clients and 800 different industries and markets. Research and Markets was founded in 2002, now headquartered next to the Guinness Brewery in Dublin, Ireland. They offer an extremely diverse range of data and information, covering multitudes of industries from "Automotive to Telecommunications to Zoology and (almost) everything in between!"
The growth of the multimodal AI market presents significant opportunities for technology vendors and service providers. With the increasing demand for AI solutions in enterprise applications, companies in this sector can expect to see continued growth and innovation in the coming years.