Casual AI Market Trends and Forecast
The future of the global casual AI market looks promising with opportunities in the healthcare & life science, retail & e-commerce, transport & logistic, and manufacturing markets. The global casual AI market is expected to reach an estimated $208.6 million by 2030 with a CAGR of 35.4% from 2024 to 2030. The major drivers for this market are proliferation of AI-driven features in consumer electronics such as smartphones, smart TVs, and wearable devices, rise of AI in gaming and entertainment, along with the expansion of chatbots and virtual assistants.
• Lucintel forecasts that consultancy is expected to witness higher growth over the forecast period.
• Within this market, healthcare & life science is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Casual AI Market
• United States – Amazon launched AI-powered personal assistants, targeting home automation. Government aims to support AI innovation through funding and regulatory frameworks.
• China – Tencent introduced AI-driven chatbots for customer service, aligning with national goals for AI integration in business operations.
• India – Infosys announced AI solutions for retail analytics, aiming to enhance customer engagement and operational efficiency.
• United Kingdom – DeepMind partnered with healthcare providers to deploy AI for patient care, supported by government initiatives to integrate AI in healthcare systems.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Casual AI Market by Segment
The study includes a forecast for the global casual AI market by type, application, and region.
Casual AI Market by Type [Value from 2018 to 2030]:
• Consultancy
• Training, Support & Maintenance
• Others
Casual AI Market by Application [Value from 2018 to 2030]:
• Healthcare & Life Sciences
• Retail & E-Commerce
• Transport & Logistics
• Manufacturing
• Others
Casual AI Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Casual AI Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies casual AI companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the casual AI companies profiled in this report include-
• Microsoft
• Google
• Amazon
• IBM
• Facebook
• Apple
• Baidu
Recent Development in the Casual AI Market
• Amazon: Amazon launched AI-powered virtual assistants for smart home automation, enhancing user convenience and connectivity.
• Tencent: Tencent deployed AI-driven chatbots for customer service, improving response times and customer interaction efficiency.
• Infosys: Infosys introduced AI solutions for retail analytics, aiming to optimize sales strategies and enhance customer experiences.
• DeepMind (owned by Alphabet): DeepMind collaborated with healthcare providers to apply AI in patient care, focusing on personalized treatment plans and medical diagnostics
Features of the Global Casual AI Market
Market Size Estimates: Casual ai market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Casual ai market size by type, application, and region in terms of value ($M).
Regional Analysis: Casual ai market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the casual AI market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the casual AI market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the casual AI market size?
Answer: The global casual AI market is expected to reach an estimated $208.6 million by 2030.
Q2. What is the growth forecast for casual AI market?
Answer: The global casual AI market is expected to grow with a CAGR of 35.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the casual AI market?
Answer: The major drivers for this market are proliferation of AI-driven features in consumer electronics such as smartphones, smart TVs, and wearable devices, rise of AI in gaming and entertainment, along with the expansion of chatbots and virtual assistants.
Q4. What are the major segments for casual AI market?
Answer: The future of the global casual AI market looks promising with opportunities in the healthcare & life science, retail & e-commerce, transport & logistic, and manufacturing markets.
Q5. Who are the key casual AI market companies?
Answer: Some of the key casual AI companies are as follows:
• Microsoft
• Google
• Amazon
• IBM
• Facebook
• Apple
• Baidu
Q6. Which casual AI market segment will be the largest in future?
Answer: Lucintel forecasts that consultancy is expected to witness higher growth over the forecast period.
Q7. In casual AI market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the casual AI market by type (consultancy, training, support & maintenance, and others), application (healthcare & life sciences, retail & e-commerce, transport & logistics, manufacturing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Casual AI Market, Casual AI Market Size, Casual AI Market Growth, Casual AI Market Analysis, Casual AI Market Report, Casual AI Market Share, Casual AI Market Trends, Casual AI Market Forecast, Casual AI Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.