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Artificial Intelligence (AI) Market to Grow by USD 237.4 Billion from 2024-2028, Driven by Fraud Prevention and Malicious Attack Mitigation, Report on AI’s Market Transformation – Technavio

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NEW YORK, Feb. 3, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global artificial intelligence (ai) market size is estimated to grow by USD 237.4 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  30.07%  during the forecast period. Prevention of fraud and malicious attacks is driving market growth, with a trend towards increase in cloud-based ai services  However, shortage of ai experts  poses a challenge.Key market players include .Advanced Micro Devices, AiCure, Arm Limited, Atomwise, Inc., Ayasdi AI LLC, Baidu, Inc., Clarifai, Inc., Cyrcadia Health, Enlitic, Inc., Google LLC, H2O.ai, HyperVerge, Inc., International Business Machines Corporation, IBM Watson Health, Intel Corporation, Iris.ai AS, Lifegraph, Microsoft, NVIDIA Corporation, Sensely, Inc.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Artificial Intelligence (Ai) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 30.07%

Market growth 2024-2028

USD 237.4 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

23.17

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 56%

Key countries

US, China, Germany, UK, and France

Key companies profiled

Advanced Micro Devices, AiCure, Arm Limited, Atomwise, Inc., Ayasdi AI LLC, Baidu, Inc., Clarifai, Inc., Cyrcadia Health, Enlitic, Inc., Google LLC, H2O.ai, HyperVerge, Inc., International Business Machines Corporation, IBM Watson Health, Intel Corporation, Iris.ai AS, Lifegraph, Microsoft, NVIDIA Corporation, Sensely, Inc.

Market Driver

Artificial Intelligence (AI) is revolutionizing businesses with trends like deep learning, data analytics, and data science. Deep learning techniques and machine learning algorithms are driving advancements in areas such as computer vision, natural language processing, and cognitive solutions. Cloud computing and edge computing are enabling the deployment of AI in various industries. Healthcare, banking, e-commerce, and IT and telecommunication are major sectors adopting AI for customer experiences, fraud prevention, and workflow management. Ethical and regulatory concerns, privacy issues, and bias in algorithms are key challenges. Skilled AI professionals are in high demand for automation, robotics, chatbots, and virtual assistants. Next-generation tech fields like generative AI, edge AI, and IoT are transforming industries. SaaS, tech giants, and open-source AI platforms are leading the market. AI is being used in retail, agriculture, media, finance, cybersecurity, legal compliance, and more. Pretrained models, customizable AI, and AI marketplaces are enabling businesses to adopt AI easily. Biopharmaceutical companies, financial firms, and operation teams are leveraging AI for trend forecasting, workflow management, and preliminary diagnosis. AI is also being used in marketing, advertising, robot-assisted surgery, and hospital workflow management. 

Artificial Intelligence (AI) is revolutionizing business operations by enabling advanced automation and analysis. Companies are integrating AI technology into various applications such as recommendation engines, pricing optimization, lead generation, chatbots, and supply chain optimization. However, implementing AI in on-premises data centers requires substantial computing and data storage capabilities. Developing in-house AI products can be costly, leading many businesses to consider cloud solutions for more efficient and cost-effective implementation. By leveraging AI, companies can gain valuable insights, streamline processes, and enhance customer experiences. 

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 Market Challenges

Artificial Intelligence (AI) market is witnessing significant growth with various industries adopting this technology for different applications. Deep learning, data analytics, and data science are key areas driving the AI market. Software engineering, cognitive solutions, and cloud computing are essential components for building and deploying AI systems. Computer vision, natural language processing, and algorithms are core AI technologies. Challenges include developing intelligence standards, acquiring supercomputers and quantum computers, and addressing ethical concerns, regulatory issues, privacy, bias in algorithms, and job displacement. Industries like healthcare, banking, e-commerce, and IT & telecommunication are major adopters. AI is transforming sectors like retail, agriculture, media, finance, cybersecurity, and legal compliance. Advancements include edge AI, IoT, edge computing, machine learning, generative AI, and conversational AI. Pretrained models, customizable AI, and AI marketplaces are enabling easier access to AI. Biopharmaceutical companies, financial firms, and operation departments are leveraging AI for trend forecasting, fraud prevention, and workflow management. Robotics, chatbots, virtual assistants, and customer service are enhancing customer experiences. Cutting-edge technology from tech giants, SaaS, and next-generation tech fields are shaping the future of AI. Open-source AI platforms, hardware, and software are essential for the growth of the AI market. Data storage, parallel processing, on-premises, marketing, and sales are also impacted by AI.

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Segment Overview 

This artificial intelligence (ai) market report extensively covers market segmentation by  

ComponentSoftwareHardwareServicesEnd-userRetailBankingManufacturingHealthcareOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And AfricaTechnologyDeep LearningMachine LearningNatural Language Processing (NLP)Machine VisionGenerative AI

1.1 Software-  Artificial Intelligence (AI) market growth is driven by the increasing adoption of AI developer tools among software developers. These tools enable the creation of intelligent applications, enhancing existing ones with machine learning or speech recognition capabilities, or building new ones using AI platforms. Developers utilize algorithms, libraries, frameworks, or developer kits to integrate AI features into software. The use of AI in software development is becoming a standard, improving employee experience and providing efficient, automated solutions for manual jobs. Companies benefit from enhanced decision-making abilities and increased efficiency. Software engineers can create AI-powered solutions for various sectors, including corporates, by leveraging AI software. The reliance on AI software is expected to continue growing, fueling the expansion of the AI market during the forecast period.

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Research Analysis

Artificial Intelligence (AI) is a rapidly growing market that encompasses various technologies and applications. At its core, AI involves the development of intelligent machines that can learn from data and make decisions like humans. Key technologies include deep learning, data analytics, data science, software engineering, cognitive solutions, and natural language processing. AI is powered by algorithms, intelligence standards, and advanced computing platforms such as supercomputers and quantum computers. Deep learning techniques and machine learning algorithms are essential for training AI models on large datasets, known as big data. AI is transforming industries like healthcare, where it’s used for automated image diagnostics and disease prediction. Tech Giants are leading the charge in AI, with SaaS offerings and next-generation tech fields like computer vision and natural language processing. Open-source AI platforms, hardware, software, data storage, parallel processing, and on-premises solutions are also crucial components of the AI ecosystem. AI is revolutionizing various sectors, including fraud prevention, autonomous vehicles, and customer service, among others.

Market Research Overview

Artificial Intelligence (AI) is a cutting-edge technology revolutionizing various industries by enabling machines to learn and perform tasks that typically require human intelligence. Deep learning, a subset of machine learning, uses neural networks to analyze data and improve performance. Data analytics, data science, and software engineering are essential components of AI development. Cognitive solutions, including computer vision and natural language processing, enable machines to understand and interpret visual and textual data. Algorithms, intelligence standards, supercomputers, and quantum computers power AI’s advanced capabilities. Deep learning techniques and machine learning algorithms process big data for data analysis in sectors like healthcare, banking, e-commerce, and more. Ethical and regulatory concerns, privacy issues, bias in algorithms, and job displacement are significant challenges. Skilled AI professionals are in high demand for automation, robotics, chatbots, virtual assistants, and customer service support. Edge AI, Internet of Things, and edge computing expand AI’s reach. Machine learning, generative AI, and pretrained models offer customizable solutions. AI marketplaces facilitate access to AI tools and services. Biopharmaceutical companies, private sectors, and various industries leverage AI for fraud prevention, workflow management, trend forecasting, and more. AI’s impact on IT and telecommunication, retail & e-commerce, agriculture, media and entertainment, finance & accounting, cybersecurity, legal and compliance, and operation sectors is transformative.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentSoftwareHardwareServicesEnd-userRetailBankingManufacturingHealthcareOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And AfricaTechnologyDeep LearningMachine LearningNatural Language Processing (NLP)Machine VisionGenerative AI

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Hivelocity Launches Outlet Store — Bare Metal Servers, Ready Now, at Lower Prices

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A new section of the Hivelocity store offers in-stock, fully functional dedicated servers at reduced monthly pricing, giving customers facing long lead times on new hardware a faster path to deployment.

TAMPA, Fla., Sept. 2, 2026 /PRNewswire/ — Hivelocity, an infrastructure-as-a-service provider of bare metal, dedicated servers, edge computing, and virtualized cloud solutions, today announced the launch of the Hivelocity Outlet Store, a new section of its storefront offering proven, in-stock server configurations at reduced monthly pricing. The Outlet Store gives customers immediate access to reliable infrastructure without the wait times currently affecting parts of the hardware supply chain.

As Hivelocity upgrades its server portfolio, the company moves previous configurations into the Outlet Store, offering them at lower prices. These servers enable organizations to support development, proof-of-concept, build farm, and similar engineering workloads without paying for excess capacity or waiting for the latest systems to become available.

Outlet Store servers are available on a month-to-month basis, with no long-term contract required. Customers who outgrow an outlet configuration can move up to a more powerful dedicated server as their requirements evolve. To keep pricing low and enable rapid deployment, the Outlet Store does not offer custom configuration options.

“If you’ve been waiting on new hardware because of supply chain delays, there’s no reason to keep waiting. The Outlet Store gives customers proven, in-stock servers at a lower price point, so they can get running today instead of sitting in a queue.” — Ned Pope, Chief Product Officer, Hivelocity

Customers can access the Outlet Store now through the Hivelocity. For additional workload needs, they can continue to choose from the full Hivelocity catalog of dedicated, cloud, and colocation infrastructure.

About Hivelocity

Founded in 2002, Hivelocity operates bare metal infrastructure across globally distributed data centers, serving mid-market and enterprise customers in healthcare, SaaS, fintech, gaming, and high-performance computing. The company runs 24/7/365 in-house support with a roughly 15-minute average ticket response and a transactional NPS of 79, backed by an SLA-backed 99.99 percent network uptime guarantee.

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Scage Future Receives Nasdaq Notifications Regarding Market Value of Listed Securities and Market Value of Publicly Held Shares Requirements

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NANJING, China, Sept. 2, 2026 /PRNewswire/ — Scage Future (Nasdaq: SCAG) (“Scage” or the “Company”), a zero-emission solution provider of new energy heavy-duty commercial vehicles and e-fuel solutions, today announced that on August 27, 2026 the Company received two notification letters (together, the “Notification Letters”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”). This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure upon receipt of a deficiency notification.

The first Notification Letter advised the Company that, based on Nasdaq’s review of the Company’s Market Value of Listed Securities (“MVLS”) for the 30 consecutive business days from July 16, 2026 to August 26, 2026, the Company no longer meets the minimum MVLS of US$50,000,000 required for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(A). Nasdaq calculates MVLS based on the most recent total shares outstanding multiplied by the daily closing bid price. Nasdaq also noted in the letter that the Company does not meet the requirements of Nasdaq Listing Rule 5450(b)(3)(A), the Total Assets and Total Revenue standard.

The second Notification Letter advised the Company that, based on Nasdaq’s review of the Company’s Market Value of Publicly Held Shares (“MVPHS”) for the 30 consecutive business days from July 16, 2026 to August 26, 2026, the Company no longer meets the minimum MVPHS of US$15,000,000 required for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2&3)(C). Nasdaq calculates MVPHS based on the most recent publicly held shares information multiplied by the closing bid price.

In accordance with Nasdaq Listing Rules 5810(c)(3)(C) and 5810(c)(3)(D), the Company has been provided a compliance period of 180 calendar days, through February 23, 2027, to regain compliance with each requirement. To regain compliance, the Company’s MVLS must close at US$50,000,000 or more, and its MVPHS must close at US$15,000,000 or more, in each case for a minimum of ten consecutive business days. Nasdaq staff may, in its discretion, require the Company to satisfy the applicable requirement for a period in excess of ten consecutive business days, but generally no more than 20 consecutive business days, before determining that compliance has been demonstrated.

The Notification Letters have no immediate effect on the listing or trading of the Company’s American depositary shares, which continue to trade on The Nasdaq Global Market under the symbol “SCAG.” A deficiency indicator will be displayed with quotation information for the Company’s securities on Nasdaq.com and NasdaqTrader.com, and the Company will be included in the list of non-compliant companies published on the Nasdaq Listing Center commencing five business days from the date of the Notification Letters.

If the Company does not regain compliance with either requirement prior to the expiration of the applicable compliance period, it will receive written notification that its securities are subject to delisting, at which time the Company may appeal the determination to a Nasdaq Hearings Panel. Alternatively, the Company may be eligible to transfer its listing to The Nasdaq Capital Market, provided it meets the Capital Market’s continued listing requirements.

As previously disclosed, the Company received a notification from Nasdaq on June 11, 2026 regarding the minimum bid price requirement, with a compliance period through December 8, 2026. The Company has also received a notification regarding the composition of its audit committee, with a remediation period through December 22, 2026.

The Company intends to monitor its MVLS and MVPHS and to consider the options available to it to regain compliance, which may include applying to transfer its listing to The Nasdaq Capital Market. The Company’s business operations are not affected by the receipt of the Notification Letters. There can be no assurance that the Company will regain compliance with the MVLS or MVPHS requirements within the applicable compliance periods.

About Scage Future

Scage Future is a leading zero-emission technology provider in China, dedicated to decarbonizing global commercial transportation through its portfolio of advanced heavy-duty NEV trucks and innovative e-fuel systems. Through strategic partnerships with top-tier vehicle manufacturers and a strong quality control framework, the Company delivers intelligent, high-performance NEVs addressing the transport needs across logistics, mining and port operations. The Company has a proven track record in the design, production, and testing of next-generation heavy-duty NEVs, including the Dragon II plug-in hybrid dump truck, Galaxy II plug-in hybrid truck, and Q-Truck autonomous tractor trailer.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the Company’s ability to regain compliance with the applicable Nasdaq continued listing requirements within the compliance periods, the Company’s intention to monitor its MVLS and MVPHS, the potential transfer of the Company’s listing to The Nasdaq Capital Market, and the Company’s available options to address the deficiencies described herein. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Scage Future
Emily Wang
Email: scageIR@scagefd.com

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ePlus Achieves Exclusive Ambassador Partner Status with Everpure

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Company is first in North America to attain new partnership tier

HERNDON, Va., Sept. 2, 2026 /PRNewswire/ — ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has achieved the highest level of Everpure partner tier, the new Ambassador certification. ePlus is the first reseller, specialized services partner, or company holding any other Everpure partner designation in North America to have earned this credential.

New to the Everpure program, attaining this tier of partnership requires successfully demonstrating the highest level of service delivery capabilities in cyber resilience and cloud to enhance customer experience and exceptional reliability in meeting customer requirements.

“The most rewarding thing about being the first and only North American provider to have obtained this status is that we were certified based on the many things we do well for our customers – from SOWs and service delivery documents to test plans, remediation of issues, follow through of deliverables and so much more,” said Ken Farber, president ePlus strategy, software and alliances. “Our customer-first focus is what drives our entire organization, from the solutions and services we launch to the areas of technology in which we invest. We are excited and proud to have earned Ambassador status and are very grateful to Everpure for this fantastic acknowledgement of our ability to service our customers.

“Ambassador Reseller Partner status represents the highest tier within our Reseller Program and recognizes strategic partners with deep expertise across key solution areas such as Cloud, Cyber Resilience, and Application Modernization,” said Hope Galley, vice president, Americas partner organization at Everpure. “Customers can be assured they are working with a partner that not only understands Everpure and data storage but also has proven ability in adjacent technologies like cloud and cyber resilience, from a consultative and services perspective. We congratulate ePlus on earning this highly valued credential and appreciate our continued partnership as we look forward to driving mutual growth while delivering industry-leading data storage solutions to our shared customers.”

Together, ePlus and Everpure deliver innovative, sustainable, and simplified storage solutions that help accelerate business outcomes and reduce operational complexity. ePlus recently earned the Services Partner of the Year award in recognition of ePlus Storage-as-a-Service (STaaS) leveraging Everpure Evergreen//One™, a flexible, managed, consumption-based offering. ePlus StaaS provides an adaptable storage model that allows organizations to pay for only the storage capacity they use and need, helping to manage costs.

For more information on how ePlus and Everpure partner please visit: https://www.eplus.com/how-we-partner/everpure 

About ePlus inc.

ePlus is a customer-first, services-led, and results-driven industry leader offering transformative technology solutions and services to provide the best customer outcomes. Offering a full portfolio of solutions, including artificial intelligence, security, cloud and data center, networking and collaboration, as well as managed, consultative and professional services, ePlus works closely with organizations across many industries to successfully navigate business challenges. With a long list of industry-leading partners and more than 2,130 employees, our expertise has been honed over more than three decades, giving us specialized yet broad levels of experience and knowledge. ePlus is headquartered in Virginia, with locations in the United States, United Kingdom, Europe, and Asia‐Pacific. For more information, visit www.eplus.com, call 888-482-1122, or email info@eplus.com. Connect with ePlus on LinkedIn, Facebook, and Instagram

ePlus®, Where Technology Means More®, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. Everpure, Evergreen//One, and the marks in the Everpure Trademark List are trademarks or registered trademarks of Everpure, Inc. or its licensed subsidiaries in the U.S. and/or other countries. The names of other companies, products, and services mentioned herein may be the trademarks of their respective owners.

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SOURCE EPLUS INC.

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