The future of the global economy lies in artificial intelligence, and according to Entrepreneur magazine, AI is expected to be one of the fastest-growing industries of 2023—already valued at $328.34 billion. Trend Innovations’ acquisition is ideally timed given the rockstar status that artificial intelligence is enjoying worldwide combined with the explosive growth rate of the market(s) in which Trend Innovations will now be competing. According to Precedence Research, the size of the global AI software market was $138.4 billion in 2022, and it is expected to surpass $1.1 trillion by 2032. The research firm added that the market is poised to grow at a compound annual growth rate (CAGR) of 22.97% from 2023 to 2032.
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