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Artificial Intelligence Market Expansion at 15.92% CAGR by 2031 | SkyQuest Technology

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WESTFORD, Mass., June 27, 2024 /PRNewswire/ — According to SkyQuest, the global Artificial Intelligence Market size was valued at USD 157.8 Billion in 2022 and is poised to grow from USD 285.9 Billion in 2023 to USD 1,047.0 Billion by 2031, at a CAGR of 15.92% during the forecast period (2024-2031).

Artificial intelligence is developing human intelligence systems using devices to create intelligent software and hardware capable of performing human behaviors such as learning and problem solving. The report also includes AW-based solutions such as AWS Chatbots, OpenAI Codex, and Azure AI. The global market is set to grow exponentially with the rise of artificial intelligence, increased share and efficiency, growth of smaller AI providers, changing complex business models and highly personalized service requirements.

In recent years, digital technology and the widespread use of the Internet have contributed significantly to the global expansion of the AI industry. Technological advances in various industries are always driven by the huge investments in R&D by large tech companies.

In response to the introduction of new AI tools, hyper-scalers around the world are introducing AI-powered chatbots. These chatbots will compete directly with ChatGPT and help Hyper Scalar maintain its dominant position in this market. According to OpenAI, their AI tool ChatGPT reached over one million people in just five days when it was launched in November 2022. The tool can generate human-like text and translation from writing short texts, term papers and writing songs to mathematics Solution problems. But it took much longer for other popular online services to reach the million-user mark. The figures below show the time it took for popular online programs to reach a million views.

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Artificial Intelligence Market Overview: 

Report Coverage 

Details 

Market Revenue in 2023 

$ 285.9 Billion 

Estimated Value by 2031 

$ 1047.0 Billion 

Growth Rate 

Poised to grow at a CAGR of 15.92% 

Forecast Period 

2024–2031 

Forecast Units 

Value (USD Billion) 

Report Coverage 

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends 

Segments Covered 

Offering, Technology, Business Function and Industry

Geographies Covered 

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights 

Updated financial information / product portfolio of players 

Key Market Opportunities 

Technological advancements in AI algorithms and hardware are pivotal drivers for the artificial intelligence market’s rapid growth

Key Market Drivers 

The growing adoption of AI across various industries is a significant driver of market expansion

Segments covered in Artificial Intelligence Market are as follows:

OfferingHardware (AI Accelerators, Processors [Central Processing Units, Graphics Processing Units, Field Programmable Gate Arrays and Other Processors], Memory, Networking Hardware), Software (Type [discriminative AI {Classificational Algorithms, Regression Algorithm, Deep Learning Platforms, and Ensemble methods}, Deployment Model {Cloud and On-Premises}, Coding Automation {NO-CODE AI, LOW CODE AI, PRO CODE AI}]), Services (Professional Services [Training & Consulting Services, System integration & Deployment Services and Support & Maintenance Services], and Managed Services)TechnologyMachine Learning (Supervised Learning, Unsupervised Learning, Reinforcement Leaning), Natural Language Processing (Natural Language Understanding [Text-Classification NLP, Name Entity Recognition, Intent Recognition, Relationship Extraction, and Others], Natural Language Generation [Text Summarization, Machine Translation, Language Modelling, Dialogue Generation]), Computer Vision (Object Detection, Image Classification, Semantic Segmentation, Facial Recognition, and Others), Generative AI, Robotics, Autonous & Sensor technology, Context-Aware AI (Context-Aware Recommendation Systems, Multi-modal AI, and Context- Aware Virtual Assistants)Business FunctionMarketing & Sales (Customer Segmentation, Predictive Lead Scoring, Personalized Recommendations, Dynamic Pricing Optimization, Churn Prediction, Sentiment Analysis, Marketing Attribution and Others), Human Resources (Candidate Screening, Employee Retention Analysis, Performance Management, Workforce Planning & Forecasting, Employee Feedback Analysis, Skill Gap Analysis, Diversity & Inclusion Analytics and Others), Finance & Accounting (Fraud Detection, Financial Forecasting, Expense Management, Invoice Processing, Credit Risk Assessment, Regulatory Compliance, Budgeting & Planning and Others (Tax Automation, Financial Reporting Automation)), Operations (Predictive Maintenance, Supply Chain Optimization, AIops, IT Service Management, Quality Control, Route Optimization, Cold Chain Monitoring, Inventory Management, Procurement Automation, Equipment Failure Prediction, and Others), Cybersecurity (Threat Detection & Response, Anomaly Detection, Vulnerability Assessment, Identity & Access Management, Security Automation & Orchestration, Endpoint Protection, Network Traffic Analysis) and OthersIndustryBFSI (Fraud Detection & Prevention, Risk Assessment & Management, Algorithmic Trading, Credit Scoring & Underwriting, Customer Service Automation, Personalized Financial Recommendations, Investment Portfolio Management, Regulatory Compliance Monitoring and Others), Retail & E-commerce (Personalized Product Recommendation, Customer Relationship Management, Visual Search, Virtual Customer Assistant, Price Optimization, Supply Chain Management & Demand Planning, Virtual Stores and Others), Automotive, Transportation & Logistics (Semi-autonomous & Autonomous Vehicles, Route Optimization, Intelligent Traffic Management, Driver Assistance Systems, Smart Logistics & Warehousing, Supply Chain Visibility & Tracking, Fleet Management, Vehicle Diagnostics & Telematics and Others), Government & Defense (Surveillance & Situational Awareness, Law Enforcement, Intelligence Analysis & Data Processing, Simulation & Training, Command & Control, Disaster Response & Recovery Assistance, E-governance & Digital City Services and Others), Healthcare & Life Sciences (Patient Data And Risk Analysis, Lifestyle Management & Monitoring, Precision Medicine, Inpatient Care & Hospital Management, Medical Imaging & Diagnostics, Drug Discovery, AI-assisted Medical Services, Medical Research and Others), Telecommunications (Network Optimization, Network Security, Customer Service & Support, Network Planning & Optimization, Network Analytics, Intelligent Call Routing, Network Fault Prediction, Virtual Network Assistants, Voice And Speech Recognition and Others), Energy & Utilities (Energy Demand Forecasting, Grid Optimization & Management, Energy Consumption Analytics, Smart Metering & Energy Data Management, Energy Storage Optimization, Real-time Energy Monitoring & Control, Power Quality Monitoring And Management, Energy Trading & Market Forecasting, Intelligent Energy Management Systems, Others), Manufacturing (Material Movement Management, Predictive Maintenance & Machinery Inspection, Production Planning, Recyclable Material Reclamation, Quality Control, Production Line Optimization, Intelligent Inventory Management), Agriculture [Crop Monitoring & Yield Prediction, Precision Farming, Soil Analysis & Nutrient Management, Pest & Disease Detection, Irrigation Optimization & Water Management, Automated Harvesting And Sorting, Weed Detection & Management Weather & Climate Monitoring, Livestock Monitoring & Health Management, and Others] and Others), IT/ITes (Automated Code Generation & Optimization, Automated IT Asset Management, IT Ticketing & Support Automation, Intelligent Data Backup & Recovery, Automated Software Testing & Quality Assurance and Others), Media & Entertainment (Content Recommendation Systems, Content Creation & Generation, Content Copyright Protection, Audience Analytics & Segmentation, Personalized Advertising and Others) and Other Verticals

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Segments Redefining the Artificial Intelligence Market

With increasing demand for AI deployment, integration and maintenance services across industries, the service segment is the fastest growing in the global artificial intelligence market as enterprises seek to adopt AI-powered solutions. Many companies such as Accenture, IBM, and Deloitte offer comprehensive AI services that help organizations develop AI strategies, create custom AI models, and integrate AI into business processes.

The fastest growing category is NLP or Natural Language Processing due to its widespread use in various industries, increased demand for conversational AI while virtual assistants and chatbots playing a more important role in enhancing human-computer interaction which has also boosted the market. Transformer models such as GPT-3 and BERT, have greatly improved the capabilities of NLP for greater efficiency and versatility. Companies like Google, Amazon and Apple use NLP extensively for things such as understanding and responding to commands, translating text and speech, analyzing social media posts to predict public sentiment and much more.

The Asia Pacific region in the market is expected to witness the fastest growth during the forecast period. Demand for technology is growing due to increasing investments by many companies in the use of AI. In addition, the Asia Pacific artificial intelligence market is expanding, as AI is applied in a variety of industries, including automotive, healthcare, retail and food and beverage industries.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/artificial-intelligence-market

AI: Shaping the Future of Industries Worldwide

Artificial intelligence continues to revolutionize industries, driving innovation, efficiency and economic growth. As AI technologies continue to evolve, their roles will become more diverse and impactful. Artificial intelligence has emerged as a transformative force, reshaping industries from healthcare to finance through automation, predictive analytics and personalized experiences. However, to unlock the real potential of Artificial Intelligence, ethical considerations, data privacy, and the need for a skilled workforce must be addressed. AI advancements pave way for innovation, expanded applications and integration into everyday life, paving the way for a smarter, more connected future.

Related Report:

Generative AI Market 

Artificial Intelligence of Things (AIoT) Market

Edge Artificial Intelligence (AI) Market

Mobile Artificial Intelligence (AI) Market

Artificial Intelligence (AI) Hardware Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:

Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

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Lahaina art gallery turns tragedy into technology with FIRST LOOK

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Harte International Galleries to launch first of its kind “gallery in your pocket”.

LAHAINA, Hawaii, April 21, 2026 /PRNewswire/ — Following the devastating Maui wildfire of August 8, 2023, which destroyed its Lahaina gallery, Harte International Galleries announces the launch of FIRST LOOK, an innovative digital application designed to bring investment grade art directly to collectors. This new “gallery in your pocket” app ensures continued access to masterworks and new releases, embodying the gallery’s resilience and commitment to its clientele.

Maui art gallery turns tragedy into innovation with a fine art APP that’s a gallery in your pocket, called FIRST LOOK.

To explore the FIRST LOOK app and discover its unique offerings, please visit: www.hartegalleries.com

Reimagining Art Access 

“FIRST LOOK from Harte International Galleries is not just an app; it’s a vibrant new chapter for art enthusiasts, offering an engaging and informative way to discover masterpieces by iconic artists such as Picasso, Chagall, Miro, Salvador Dali and even Sir Anthony Hopkins at discounted prices, thanks to the elimination of traditional gallery overheads, making world-class art more accessible and enjoyable than ever before,” said Glenn Harte.

With physical rebuilding efforts in Lahaina currently stalled, Glenn and Devon Harte, owners of Harte International Galleries, developed FIRST LOOK as a direct response to the loss of their physical space. This digital platform allows the gallery to rebuild its inventory and continue serving loyal collectors without the overhead of a traditional brick-and-mortar location. The app provides a fun, informative, and accessible way to engage with fine art.

Direct Access to Masterworks

FIRST LOOK offers collectors unparalleled, immediate access to new acquisitions and exclusive releases. Members receive instant notifications on their mobile phones, complete with images, detailed descriptions, and pricing for each piece. This direct communication channel allows members to inquire about art with a single tap, connecting them directly with the gallery owners.

The app features a curated selection of renowned artists and masterworks, including:

Masterworks: Picasso, Chagall, Miro, Matisse, Rembrandt, Durer, Salvador Dali.New Releases: Sir Anthony Hopkins and famed graffiti artist Rascal.

By leveraging FIRST LOOK, Harte International Galleries continues its legacy of providing access to exceptional art, adapting to new realities while maintaining the highest standards of quality and authenticity. Further information about the app and its offerings is available at: www.hartegalleries.com 

Harte International Galleries, formerly of Lahaina, Maui has rebuilt with a digital gallery for serious collectors, called FIRST LOOK.

Known for offering museum grade art from Picasso, Chagall, Miro, Matisse, Dali, Rembrandt, Durer, Sir Anthony Hopkins and Rascal – Harte International Galleries uses innovation to create a digital gallery.

go to: www.hartegalleries.com

Media Contact:
Glenn Harte
glennharte@hartegalleries.com 

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SOURCE Harte International Galleries

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As homes get smarter, new global research names Aiper as the world’s No.1 smart robotic pool cleaner brand

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New research reveals Aiper holds the position of the world’s No.1 brand of smart robotic pool cleaners based on 2026 manufacturer sales volume worldwide

SYDNEY, April 22, 2026 /PRNewswire/ — As technologies like artificial intelligence (AI) become embedded in everyday life1, homeowners are embracing innovation more than ever. This trend is reflected in new global research which names Aiper the world’s No.1 brand of smart robotic pool cleaners*. From robot vacuums indoors to smart security, lighting and energy systems, homeowners are now seeking systems that help optimise energy use, align with cost-saving goals and reduce environmental impact, without sacrificing comfort or convenience.

According to independent research by Euromonitor International, completed in December 2025, Aiper ranked No.1 globally based on manufacturer sales volume worldwide. The findings come as smart home adoption accelerates globally, valued at more than $147 billion USD in 2025 and projected to grow rapidly over the next decade2, as households prioritise automation that improves efficiency and supports sustainability goals.

Pool care is following the same trajectory. With more than 3.1 million Australians living in homes with a swimming pool or spa3, demand is growing for intelligent, low-effort systems that can operate autonomously, efficiently and reliably, while helping households manage energy use and ongoing maintenance costs.

Aiper’s innovation-led approach was formally recognised at the 2026 Consumer Electronics Show (CES) in Las Vegas, where Euromonitor International presented Aiper with an official certificate acknowledging its global sales leadership. The recognition highlights not only the brand’s growth, but the accelerating mainstream adoption of intelligent robotics in outdoor living.

Aiper’s next innovation, the Scuba V3, is the world’s first cognitive AI-powered robotic pool cleaner. Lightweight and easy to use, it cleans 10x faster with AI vision that identifies 20+ debris types in 3 seconds. Using Cognitive AI Navium™ mode, it automatically adapts cleaning paths, suction, and frequency to each pool, delivering a true set-it-and-forget-it experience for crystal-clear water. Demonstrating how robotics and AI can support more sustainable, low-effort outdoor living while helping households better manage energy and water use.This model will be available in the Australia market during Spring season.

This growing momentum is also being recognised by Aiper’s key retail partner in Australia, Clark Rubber. “At Clark Rubber, we’re seeing strong growth in demand for smarter, more efficient pool care solutions as Australian households look to reduce maintenance time, energy use and overall costs. Aiper’s global recognition reflects the increasing role that innovation and intelligent technology are playing in outdoor living. As a key retail partner, we’re excited to bring these advanced solutions to Australian consumers and support the shift toward more sustainable, low-effort pool ownership.” said Anthony Grice, CEO Clark Rubber.

For Australian households, long swimming seasons, outdoor lifestyles, and rising energy costs make smart, efficient systems a practical necessity. Aiper’s global recognition marks a turning point for smart outdoor living, where advanced robotics and AI are increasingly powerful, accessible, and sustainable, shaping the way modern homes evolve. For more information, visit https://aiper.com/au/home

Research and Citations

https://hai.stanford.edu/ai-index/2025-ai-index-report  https://www.fortunebusinessinsights.com/industry-reports/smart-home-market-101900https://www.roymorgan.com/findings/9311-australian-swimming-pool-ownership-march-2023

About Aiper

Aiper is the global pioneer of cordless robotic pool cleaning technology and a leader in smart yard product solutions. Aiper empowers homeowners to transform their backyards into a personal vacation retreat with the help of innovative, smarter, and greener product solutions. Aiper has been recognised as a CES Innovation Awards honouree in 2023, 2024, and 2025, underscoring its commitment to pioneering smart yard solutions.

*Aiper is the No.1 brand of smart robotic pool cleaner in the world in terms of sales volume.

Source: Euromonitor International Co., Ltd., in terms of 2025 manufacturer sales volume (units) in the world. Smart robotic pool cleaner is
defined as: intelligent service robots integrating mechanical, electronic, software algorithm and sensor technologies. They autonomously or
with minimal human intervention perform pool cleaning and maintenance tasks, typically featuring smart navigation, path planning, and
multiple cleaning modes. Research completed in 2026/3.

 

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Slip And Fall Vs Premises Liability Explained By HelloNation Featuring Personal Injury Attorney Joe Stanley

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The article clarifies how property owner responsibility and legal negligence affect injury claims under New York law.

WATERTOWN, N.Y., April 21, 2026 /PRNewswire/ — What is the difference between slip and fall incidents and premises liability when someone is injured on another person’s property? The answer is addressed in a HelloNation article featuring insights from Joe Stanley of Stanley Law Offices LLP in Watertown, New York.

The HelloNation article explains that, while slip-and-fall and premises liability are often used interchangeably, they are not the same under New York law. A slip and fall refers to the actual event in which a person slips, trips, or falls due to a condition on a property. Premises liability, however, is the legal framework used to determine whether a property owner is responsible for an injury. This distinction is important because not every slip-and-fall incident results in a valid injury claim.

According to the article, property owner responsibility in Watertown NY, depends on whether the owner knew or should have known about a hazardous condition. New York law requires property owners to maintain safe premises and to warn visitors about known dangers. This duty applies broadly to commercial properties, rental units, and private homes that welcome guests. The article notes that hazards such as wet floors, icy walkways, or poor lighting may result in premises liability if they are not addressed in a reasonable time.

The article further emphasizes that legal negligence is the key factor in determining liability. Courts evaluating injury claims consider whether a property owner took reasonable steps to inspect and maintain the property. This includes reviewing maintenance practices, prior complaints, and the foreseeability of the risk. If a hazard appeared suddenly and the property owner had no reasonable opportunity to correct it, premises liability may not apply, even if a slip and fall occurred.

The HelloNation article also highlights how property owner responsibility extends to regular inspections, timely repairs, and proper warning signs. In Watertown NY, failing to clear snow or ice, ignoring spills, or neglecting adequate lighting can contribute to legal negligence. At the same time, the article explains that property owners who actively maintain their premises and provide clear warnings are less likely to face liability under New York law.

For individuals pursuing injury claims, understanding the distinction between slip-and-fall incidents and premises liability is essential. The article advises that documenting the scene, taking photographs, and seeking prompt medical attention can help support a claim. These steps are important in establishing whether legal negligence played a role and whether the property owner’s responsibility can be demonstrated.

The article also explains that not all accidents meet the legal threshold for premises liability. A slip and fall caused by an unexpected personal item or hazard that could not have been anticipated may not result in a valid claim. This reinforces the importance of evaluating each case based on the facts and the standards set by New York law.

By clarifying these distinctions, the HelloNation article provides readers in Watertown NY with practical guidance on how slip and fall incidents are evaluated within the broader concept of premises liability. Understanding how legal negligence and property owner responsibility are applied can help individuals better navigate injury claims and make informed decisions after an accident.

Slip and Fall vs. Premises Liability in Watertown, NY features insights from Joe Stanley, an attorney in Watertown, New York, on HelloNation.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content with storytelling, HelloNation delivers expert-driven, good-news articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

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SOURCE HelloNation

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