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billion by 2029. It’s a meticulously designed software in which the features are engineered to work in concert with each other. As per a recent report published by MarketsAndMarkets, the global managed services market is estimated to grow at a compound annual growth rate (CAGR) of 6.9 percent, from USD 365.33
At HoduSoft, we engineer AI-powered call and contact center software as well as an omnichannel CX suite , especially for healthcare organizations of various types and sizes. billion by 2029. percent from 2022 to 2029. Market Size As per a recent report , the global AI in the healthcare market, which was valued at USD 16.3
Third, the intensive focus on STEM (science, technology, engineering, and mathematics) education and vocational training led to a huge pool of skilled workers. billion by 2029. Second, India has the second-highest English-speaking population in the world. As per a report , 129 million people in the country speak English.
The protocol was developed by the Internet Engineering Task Force in 1996 and standardized in 1999. billion by 2029. SIP-I was defined by the International Telecommunication Union (ITU-T), whereas SIP-T was defined by the Internet Engineering Task Force (IETF). In 2022, it stood at USD 14.69 It’s expected to reach USD 23.98
Elevating Customer Journey With Phygital Experiences According to a survey conducted by Statista on Retail Technology , the global market of such virtual fitting rooms would climb up to 15 billion USD by 2029. One example of personalization and hyper-targeting in action is the recommendation engines used by Netflix.
Amazon’s recommendation engine uses algorithms to analyze vast amounts of customer data to identify patterns and preferences, allowing them to suggest relevant products that the customer is likely to be interested in. These are called smart fitting rooms.
According to an article in the Verge, Ray Kurzweil, futurist and Director of Engineering at Google, predicts that bots will become steadily smarter: “If you think you can have a meaningful conversation with a human, you’ll be able to have a meaningful conversation with an AI in 2029.”.
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