Vector Database Industry Set to Hit $4.3 Billion by 2028
According to MarketsandMarkets™, the value of the global Vector Database Industry will increase from USD 1.5 billion in 2023 to USD 4.3 billion by 2028, at a CAGR of 23.3%. As AI and machine learning applications grow, vector databases are crucial in storing and querying high-dimensional data, such as embeddings from deep learning models. This trend will persist as AI and ML adoption expands. Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=112683895 The vector database market is expanding, and vendors are adopting a strategic focus to attract customers. Vector databases are a powerful new technology well-suited for many applications. As the demand for machine learning and AI applications grows, vector databases will likely become even more popular. Vector databases are essential for many machine learning and AI applications, such as natural language processing, image recognition, and fraud detection; this is because vector databas...