Vector Database Market worth $4.3 Billion by 2028 with Strong Demand Across Data-Intensive Industries
According to MarketsandMarkets™, the global Vector Database Market is forecasted to grow from USD 1.5 billion in 2023 to USD 4.3 billion by 2028, achieving a CAGR of 23.3% in the forecast period.
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...
Vector Database Market Growth to $4.3 Billion by 2028
According to MarketsandMarkets™, the global Vector Database Market is projected to rise from USD 1.5 billion in 2023 to USD 4.3 billion by 2028, registering a CAGR of 23.3% during the forecast period.
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...
Vector Database Market Size Predicted to Hit $4.3 Billion by 2028
The global Vector Database Market is expected to grow from USD 1.5 billion in 2023 to USD 4.3 billion by 2028 at a CAGR of 23.3% during the forecast period. 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.
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Vector Database Market Size, Share, Top Emerging Trends, Growth and Business Opportunities 2028
The global Vector Database Market size is expected to grow from USD 1.5 billion in 2023 to USD 4.3 billion by 2028 at a CAGR of 23.3% during the forecast period. 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.
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