Artificial Intelligence (AI) Toolkit Market

Oracle (US) and Meta Platforms (US) are leading players in AI Toolkit Market

The global AI toolkit market size is projected to grow from USD 19.5 billion in 2023 to USD 91.6 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 36.2%. AI is becoming crucial in automating content moderation on online platforms, acting as a significant driver in the AI toolkit market. As the internet continues to evolve into a vast landscape of user-generated content, the need to maintain a safe and respectful digital environment is increasing. AI toolkits help developers to build solutions that enable platforms to automatically scan, categorize, and filter content, identifying potentially harmful or inappropriate materials swiftly and at a scale. By providing this indispensable solution, AI toolkits enable online communities to manage vast amounts of data efficiently, ensuring user safety and fostering a positive online experience. As concerns over content moderation and online safety persist, the demand for AI toolkits that can adapt to diverse content types, languages, and evolving threats remains a critical driving force in the AI toolkit market.

Key and innovative vendors in the AI toolkit market include Microsoft (US), Google (US), IBM (US), Oracle (US), Thales Group (France), Salesforce (US), Intel (US), Adobe (US), Meta Platforms (US), AWS (US), NVIDIA Corporation (US), H2O.ai (US), Alteryx (US), Altair (US), KNIME (Switzerland), DataRobot (US), Jasper (US), Rasa (US), SuperAnnotate (US), OpenAI (US), Obviously AI (US), Fiddler AI (US), Determined AI (US), Snorkel AI (US), Levity AI (Germany), Union AI (US), Attri AI (US), Regie.ai (US). The market players have adopted various strategies, such as developing advanced products, partnerships, contracts, expansions, and acquisitions to strengthen their AI Toolkit market position. The organic and inorganic strategies have helped the market players expand globally by providing advanced AI Toolkit solutions.

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Meta Platforms

Meta Platforms, Inc is a social technology company specializing in the development of applications and technologies that facilitate social connections, community engagement, and business growth. Meta operates mainly in two segments family of apps and reality labs. The family of apps segment consists of a range of social networking platforms and services, including Facebook, Instagram, WhatsApp, and Messenger. These apps serve billions of users worldwide, providing a variety of communication and networking tools, as well as a platform for businesses to connect with their customers, promote their products & services and reach a global audience. Reality labs is a unit of the company dedicated to the research and development of cutting-edge technologies in the fields of VR and AR. Reality Labs focuses on creating immersive and interactive experiences that merge the digital and physical worlds. The company’s core revenue stream revolves around advertising placements, enabling marketers to target their desired audiences with precision, leveraging factors such as age, gender, location, interests, and user behavior to maximize the effectiveness of their promotional campaigns. In AI toolkit space Meta Platforms offers PyTorch an open-source ML framework based on Torch library used for applications based on computer vision and NLP.  Meta Platforms has a strong geographical presence in North America, Europe, the Middle East & Africa, and Latin America.

Oracle

Oracle Corporation, as a global technology company, operates across distinct business segments, each catering to specific aspects of technology solutions. In the cloud & License segment, Oracle offers an extensive suite of software and cloud-based services tailored for businesses. The segment includes critical functionalities such as database management, enterprise applications, and cloud infrastructure solutions. It empowers organizations to harness the benefits of cutting-edge technologies, enabling them to streamline their operations, enhance data management, and leverage cloud resources for scalability and agility. The hardware segment is dedicated to the design and development of hardware products, particularly servers and storage systems. These hardware solutions are integral to the infrastructure of many enterprises. They provide the foundational framework for hosting applications, storing data, and ensuring reliable, high-performance computing capabilities. Oracle's hardware products are engineered to meet the rigorous demands of modern businesses, fostering data security, processing efficiency, and overall reliability. In the services segment, Oracle delivers a range of professional services, such as consulting and support, aimed at assisting customers in optimizing their technology investments. Oracle has a geographical presence in North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Related Reports:

Artificial Intelligence (AI) Toolkit Market by Offering (Hardware, Software, Services), Technology (Natural Language Processing, Machine Learning), Vertical (BFSI, Retail & eCommerce, Healthcare & Life Sciences) and Region - Global Forecast to 2028

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Artificial Intelligence (AI) Toolkit Market Size,  Share & Growth Report
Report Code
TC 8830
RI Published ON
10/26/2023
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