India's AI Market to Hit $7.8B by 2025 as 5G Speeds IoT Adoption
AI is transforming industries and consumer experiences, with India's AI market projected to reach USD 7.8 billion by 2025. New startups and technologies are emerging, while 5G rollout is set to accelerate AI-driven IoT adoption.
AI-based algorithms and consumer data analytics are now common in e-commerce platforms, tailoring customer experiences. In 2022, AI bots were widely used for customer relationship management in the consumer space. Meanwhile, AI integrated systems have enabled IoT to learn from past decisions and predict future activities across various industries.
AI and machine learning are widely adopted, influencing trends and daily human activities. Popular machine learning algorithms for trend forecasting include neural networks, support vector machines (SVM), random forests, and Bayesian networks. These help businesses achieve organizational agility and make informed decisions.
The future of AI is seen as an interconnected ecosystem, with 5G and upcoming 6G networks supporting this evolution. In India, AI-based startups like Multi Nano Sense Technologies and Kritsnam Technologies are developing innovative products, backed by significant private AI investment of approximately $1.4 billion.
AI's impact on industries and consumer trends is undeniable, with India's AI market expected to grow significantly. As 5G rolls out, AI-driven IoT adoption is set to accelerate, shaping the future of technology and business.
