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Multimodal AI Market Size reaching USD 23 Billion by 2035

Post author By chris
Post date March 3, 2025

The size of the global multimodal AI market was estimated to be USD 3.67 billion in 2024 and will grow at a compound annual growth rate (CAGR) of 35.8% from 2025 to 2035. Multimodal artificial intelligence (AI) uses a variety of data types, such as video, audio, speech, images, text, and conventional numerical data sets, to enhance its ability to make accurate predictions, draw insightful conclusions, and provide correct solutions to actual problems. This approach involves the training of AI systems to simultaneously synthesize and process multiple data sources so that they can have a better comprehension of content and context. With the growing usage of multimodal AI in a wide range of industries, the stakeholders are being offered a substantial opportunity to ride the growing market. By offering innovative multimodal AI solutions designed to address the unique requirements of different industries, stakeholders have a significant impact on fueling market growth.

Segments covered	By Component, By Data Modality, By Technology, By Type, By Industry Vertical
Growth Drivers	Enhanced human-machine interaction Industry-specific applications 5G and edge computing Corporate investments and partnerships Advancements in natural language processing (NLP)
Pitfalls & Challenges	Data privacy and security concerns Bias and fairness issues

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Multimodal AI Market Trends

One of the most significant trends in the multimodal AI industry is the combination of augmented reality (AR) and virtual reality (VR) technology. In multiple contexts, such as gaming, education, training, and distant collaboration, the combination creates immersive experiences that enhance user engagement. Multimodal AI in games can interpret voice instructions, facial expressions, and user gestures to create more responsive and engaging game worlds.

Through the combination of visual, aural, and kinesthetic learning styles, multimodal AI-driven AR and VR in learning deliver immersive and personalized learning experiences. These technologies provide authentic simulations for professional training skill enhancement, particularly in emergency response, aviation, and healthcare. Integrating AR, VR, and multimodal AI enhances user interaction and opens up new avenues for applications that need a high level of immersion and interactivity.

The use of edge computing and deployment of 5G networks is another prominent trend driving the multimodal AI industry. For real-time multimodal AI, edge computing reduces latency and bandwidth usage by processing information nearer to where it is created. This is particularly beneficial for intelligent systems and IoT devices, which rely on fast data processing to function optimally. The rollout of 5G has resulted in enhanced network capabilities that provide the speed and reliability needed to handle enormous volumes of multimodal data.

Multimodal AI Market Analysis
Discover more about the major segments defining this market

On the basis of data modality, the market is segmented into image data, text data, speech & voice data, video data, audio data. The speech & voice data segment is anticipated to hold a CAGR of more than 30% over the forecast period.

Within the multimodal AI field, the segment of voice data focuses on voice analysis and deployment of vocal features to obtain crucial information that lies beyond what a person speaks. This includes speaker recognition, emotions, and voice biometrics to authenticate individuals. Voice biometrics is a convenient and secure means of verifying individuals in financial transactions, security measures, and customer care uses via unique aspects of the voice. In order to determine the mood of the speaker, emotion detection analyzes tone, pitch, and speech patterns. This data is then used in mental health assessment, consumer attitude analysis, and personalized user experience.
The speech data segment significantly drives the multimodal AI industry, with that segment concentrating on technologies that allow for spoken language processing, recognition, and understanding. The use of applications such as voice recognition, speech-to-text transcription, and natural language understanding (NLU) in this section is because they play a key role in the evolution of more intuitive and accessible user interfaces. Speech data is utilized by AI call centers, for example, to understand and immediately respond to consumer questions in customer service, which increases productivity and satisfaction. Medical professionals are aided by speech recognition software in terms of patient note transcription and clinical documentation effectiveness. Advances in deep learning and acoustic modeling have significantly enhanced the accuracy and reliability of voice recognition systems, resulting in their wider application across industries.
Discover more about the most important segments influencing this market

On the basis of component, the multimodal AI market is segmented into solution and services. The solution segment held the largest share in the global market with a revenue of more than USD 8 billion in 2032.

In order to offer detailed insights and enhanced functionality, multimodal AI systems consist of an extensive array of applications designed to combine and interpret multiple sources of data, including text, images, video, and sensory input. The solutions consist of high-end analytics platforms that combine information from numerous sources to provide actionable insights in various sectors like health, finance, and marketing. They also encompass virtual assistants and chatbots with sophisticated features that can understand and respond to multiple input forms.
These systems, which possess capabilities such as real-time processing of data, automated decision-making, and predictive analysis, are tailored to directly meet the needs of different industries. In order to take advantage of multimodal AI, companies are continually developing new platforms and tools as a response to increasing demands for more responsive and smart systems.
Increasing data environment complexity and the need for solutions that can integrate and comprehend multiple data streams seamlessly are fueling market growth.

Segments covered	Component, data modality, end-use, enterprise size, and region
Regional scope	North America; Europe; Asia Pacific; Latin America; MEA
Country scope	U.S.; Canada; Germany; UK; France; China; Japan; India; South Korea; Australia; Brazil; Mexico; KSA; UAE; South Africa
Key companies profiled	Aimesoft; Amazon Web Services, Inc.; Google LLC; IBM Corporation; Jina AI GmbH; Meta.; Microsoft; OpenAI, L.L.C.; Twelve Labs Inc.; Uniphore Technologies Inc.
Customization scope	Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Market, By Component

Solution
Service

Market, By Data Modality

Image data
Text data
Speech & voice data
Video data
Audio data

Market, By Technology

Machine learning
Natural language processing
Computer vision
Context awareness
Internet of things

Market, By Type

Generative multimodal AI
Translative multimodal AI
Explanatory multimodal AI
Interactive multimodal AI

Market, By Industry Vertical

BFSI
Retail & E-commerce
IT & telecommunication
Government & Public sector
Healthcare
Manufacturing
Media & Entertainment
Others

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Tags Multimodal AI Market, Multimodal AI Market data, Multimodal AI Market europe, Multimodal AI Market region, Multimodal AI Market share, Multimodal AI Market size, Multimodal AI Market uk, Multimodal AI Market usa

Banking and Finance News

India Wealth Management Market: Trends, Growth, and Forecast (2025-2029)

Post author By Mack
Post date March 3, 2025

Introduction

The India Wealth Management Market was valued at USD 429.1 billion in 2023 and is expected to grow at a CAGR of 4.56% from 2024 to 2029. Driven by the rising number of High-Net-Worth Individuals (HNWIs), increased financial literacy, and advancements in digital wealth solutions, the market is undergoing a major transformation. Banks, NBFCs, and consulting firms are strengthening their wealth management portfolios to cater to an evolving investor base.

Market Trends

Rise in Digital Wealth Platforms – The increasing adoption of AI-driven robo-advisors and mobile-based investment apps is simplifying wealth management.
Growth of Portfolio Management Services – Investors are shifting towards customized portfolio solutions to optimize risk and returns.
Alternative Investment Boom – HNWIs are increasingly diversifying into private equity, real estate, and ESG (Environmental, Social, and Governance) investments.
Regulatory Reforms Enhancing Transparency – SEBI regulations and the Investment Adviser Regulations have strengthened compliance in the sector.
Hybrid Advisory Models – A combination of automated tools and human advisory services is redefining wealth management strategies.
Expansion of Wealth Services in Tier 2 & Tier 3 Cities – Growing financial awareness in smaller cities is unlocking new opportunities for wealth managers.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭: (𝐈𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐅𝐮𝐥𝐥 𝐓𝐎𝐂, 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐓𝐚𝐛𝐥𝐞𝐬 & 𝐅𝐢𝐠𝐮𝐫𝐞𝐬, 𝐂𝐡𝐚𝐫𝐭) @

👉https://www.marketinsightsresearch.com/request/download/9/56253/India-Wealth-Management-Market

Market Challenges

Regulatory Compliance – New regulations demand strict adherence to fiduciary standards, posing challenges for traditional wealth managers.
Competition from Fintech Firms – Established players face competition from tech-driven startups offering low-cost investment solutions.
Economic Volatility – Fluctuations in global and domestic markets impact investment decisions and portfolio strategies.
Shifting Investor Preferences – Growing demand for sustainable and impact investing requires wealth managers to expand their offerings.

Dominating & Fastest-Growing Segments

Dominating Provider: Banks lead the market due to their trusted customer relationships and diverse investment products.

Fastest-Growing Segment: Portfolio Management Services are witnessing high demand as investors seek personalized wealth solutions and risk-managed investments.

𝗕𝘂𝘆 𝗡𝗼𝘄 𝗟𝗮𝘁𝗲𝘀𝘁 𝗘𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 India Wealth Management 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁

https://www.marketinsightsresearch.com/report/buy_now/9/56253/India-Wealth-Management-Market

Segmental Insights

Type

Financial Advice Management – Offering tailored investment strategies and tax planning.
Portfolio Management – Managing diversified portfolios for optimized returns.
Performance Management – Tracking and evaluating asset performance in real time.

End-User

High Net Worth Individuals (HNWIs) – Individuals with assets over $1 million, seeking expert wealth management solutions.
Ultra-High Net Worth Individuals (UHNWIs) – Investors with assets exceeding $30 million, requiring specialized investment and estate planning services.
Corporates – Businesses managing investment funds and corporate wealth strategies.
Others – Includes institutional investors and family offices.

Provider

Banks – Dominating segment, offering a comprehensive range of wealth management services.
NBFCs (Non-Banking Financial Companies) – Emerging players providing customized financial solutions.
Consulting Firms – Offering specialized investment planning and wealth advisory services.

𝗚𝗲𝘁 𝟭𝟬-𝟮𝟱% 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗻 𝗜𝗺𝗺𝗲𝗱𝗶𝗮𝘁𝗲 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗲

https://www.marketinsightsresearch.com/report/buy_now/9/56253/India-Wealth-Management-Market

Regional Market Analysis

Forecast Period	2025-2029
Market Size (2023)	USD 429.1 Billion
CAGR (2024-2029)	4.56%
Fastest Growing Segment	Portfolio Management
Largest Market	South Region

Key Market Players

360 One WAM Limited
Kotak Investment Advisors Limited
Aditya Birla Finance Limited
Avendus Capital Pvt. Ltd.
Anand Rathi Wealth Limited
Bajaj Capital Limited
HDFC Bank Ltd.
Morgan Stanley Financial Advisors
Motilal Oswal Financial Services Ltd.
ICICI Bank Limited

Recent Developments

2023: SEBI introduced new guidelines for Registered Investment Advisors (RIA) to enhance transparency and investor protection.
2023: Wealth management firms launched AI-powered financial planning tools to provide automated, real-time investment strategies.
2022: Expansion of alternative investment funds (AIFs) in India, offering investors access to hedge funds, venture capital, and private equity.

Conclusion

The India Wealth Management Market is set for steady growth, fueled by technological advancements, regulatory support, and evolving investor needs. With increasing adoption of digital investment platforms, AI-driven wealth management, and personalized portfolio solutions, the industry is on a path of transformation. As financial awareness grows and investment trends evolve, customized and technology-driven wealth management solutions will be key to sustaining market expansion.

News Technology

SVoD Market Valuation 2025-2035

Post author By chris
Post date March 3, 2025

Increased internet penetration and increased usage of smart devices have greatly contributed to the growth of the Subscription Video on Demand (SVoD) market, as content availability has been increased among different demographics. As per the analyst at Verified Market Research, the SVoD Market is expected to achieve a valuation of USD 39.46 Billion in the forecast period dominating approximately USD 29.38 Billion worth in 2024.

The fast growth of the SVoD market is mainly fueled by the growing consumer demand for original content, as streaming platforms are increasingly investing in exclusive content to attract and retain subscribers. It allows the market to grow at a CAGR of 16.51% during 2024-2035.

Report Attribute	Details
Base Year	2024
SVOD Market Size in 2024	USD 29.38 Billion
Forecast Period	2024 – 2035
Forecast Period 2024 – 2032 CAGR	16.51%
2035 Value Projection	USD 39.46 Billion
Historical Data for	2021 – 2024
No. of Pages	460
Tables, Charts & Figures	300
Segments covered	Content, Pricing Model, Device
Growth Drivers	Increasing internet penetration Rising adoption of smart devices Increasing consumer demand for flexibility Rising innovations in streaming technology
Pitfalls & Challenges	High content licensing and production costs Growing digital piracy and unauthorized distribution of content

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https://www.marketinsightsresearch.com/request/download/8/620/SVOD-Market

What Effect is the Rising Investment in Original Content Having on Subscriber Growth within the SVoD Market?
The growing investment in original content is identified as a key contributor to subscriber growth in the SVoD market, as exclusive content is in demand by consumers looking for differentiated entertainment experiences. It has been observed that Netflix, Amazon Prime Video, and Disney+ have invested heavily in creating original series and movies, thus enriching their content. Netflix’s spend on original content was USD 13 Billion in 2023. Disney+ spent USD 33 Billion on content in financial year 2022, out of which about 40% went towards originals.

This approach has been taken to distinguish services in an oversaturated market, where customer options are growing at a high rate. Therefore, it has been seen that the presence of high-quality, premium content is directly related to subscriber acquisition and retention, creating a strong growth path for SVoD operators.

How is the Increasing Competition Among Streaming Services Influencing Pricing Strategies in the SVoD Market?
The increasing competition between streaming services is influencing pricing tactics in the SVoD market, where aggressive pricing strategies are being more extensively adopted to gain and retain customers. It has been reported that a majority of platforms have adopted promotional pricing, bundling, and tiered subscription levels to be better positioned in the market.

Since competitors struggle to achieve bigger market shares, pricing strategies are often sustainability assessed to maintain profitability while also being attractive to consumers. Moreover, consumers have been found to become increasingly price-conscious, forcing providers to re-evaluate their pricing models and introduce more elastic subscription plans, hence determining the competitive dynamics of the SVoD industry.

SVOD Market Trends

Upgrade of the SVOD experience mostly depends on technical enhancements. Upgrade in streaming technology, particularly in immersive audio forms like Dolby Atmos, 4K Ultra HD, and High Dynamic Range (HDR), are beginning to be provided as part of basic offerings. Improved image and sound quality is made possible by these technologies, adding depth and delight to the viewing experience. In addition, improved streaming protocols like adaptive bitrate streaming ensure smooth play even in dynamic internet conditions. Moreover, interfaces of platforms are evolving with greater interactive elements, voice search functionality, and artificial intelligence-based content discovery features incorporated.
As the streaming universe becomes increasingly populated, new streaming platforms are emerging left and right, but with a twist: they’re not attempting to be all things to all people. Rather, these “niche” streaming platforms are going after specific groups of individuals with very specific tastes. They realize there are many people who adore horror films, anime, docs, or indie features, but won’t necessarily discover what they want on the larger streaming giants such as Netflix or Hulu. That’s where the niche services step in, plunging into that particular category and building a destination for its followers. For instance, look at Shudder. It only has horror content and TV programs. Or Crunchyroll, the destination for anime fans. By doing one thing, these sites are able to create a genuinely dedicated following of fans and provide programming and films that the giants may not even be aware of. This movement indicates that there’s space for any type of streaming site in the world. The large ones have a little of everything, but these niche operations can delve deeply into what their audience loves and are thus ideal for fans who wish to experience their preferred genres to the fullest.

SVOD Market Share
Netflix and Amazon Prime Video hold a big market share of more than 45% of the SVOD market. They are companies that have distinctive styles and content portfolios that speak for themselves. Being the pioneer in the streaming era, companies possess a huge global user base that is drawn towards its enormous library of original content, including highly acclaimed series and an extensive catalog of films. The commitment of the platform to producing original, high-quality content has boosted its image and sustained subscriber loyalty worldwide.

Alternatively, the companies have readily captured market share due to its mythical properties, including masterpieces of animation. The strategy for the platform, aided by proprietary releases, focuses on nostalgia and family-friendly content. International growth initiatives, technology innovations, and strategic partnerships drive companies disrupting and cementing positions as industry titans shaping global entertainment consumption.

Quantitative Units	Value in USD Billion
Report Coverage	Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis
Segments Covered	Content Type Device Type Subscription Type Revenue Model Platform Type End-User
Regions Covered	North America Europe Asia Pacific Latin America Middle East & Africa
Key Players	Amazon Prime Instant Video, Claro Video, Crackle, Globo Play, HBO, Hulu, Netflix.
Customization	Report customization along with purchase available upon request

SVoD Market, By Category

Content Type:

Movies
TV Shows
Sports
Kids’ Content
Documentaries
Original Content

Device Type:

Smartphones and Tablets
Laptops and Desktops
Smart TVs
Gaming Consoles
Set-top Boxes
Streaming Media Players

Subscription Type:

Monthly Subscription
Annual Subscription
Pay-Per-View
Freemium

Revenue Model:

Ad-free Subscription
Ad-supported Subscription
Hybrid

Platform Type:

International Platforms
Regional/Local Platforms
Niche Platforms

End-User:

Individual Subscribers
Households
Enterprises

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SVOD Industry News
The Walt Disney Company’s partnership with Apple Vision Pro in January 2024 was giant strides into the future of entertainment and storytelling. Leveraging the power of Apple’s state-of-the-art Augmented Reality (AR) technology, Disney sought to transform the way audiences engage with their favorite stories and characters.
In December 2023, IPG Media brands and Amazon signed a landmark three-year agreement to help brands reach audiences via Prime Video ads. The alliance highlighted the growing role of streaming platforms in ad strategies and the expanding role of Amazon in the digital ad ecosystem. With this alliance, they gained access to a treasure trove of targeting and measurement capabilities to reach viewers on Prime Video. This involved taking advantage of Amazon’s wealth of data intelligence to identify precise audience segments and fine-tune ad campaigns for optimal performance.

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