The vector embedding API market will reach $7.08 by 2030 at 30.3% CAGR, fueled by AI personalization, real-time search, semantic search, and cloud-native services.
Vector database for time-series IoT market to reach $6.22 billion by 2030 at 26.4% CAGR, driven by increasing adoption of IoT devices.
The global vector database as a service market to reach $6.1 billion by 2030 at 30.2% CAGR, driven by growing adoption of cloud-based solutions.
Vector database market to reach $8.71 billion by 2030 at 23.6% cagr, driven by increasing use of cloud platforms.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.