Vector Database Market 2030: The Impact of Generative AI on Data Solutions
The global vector database market was valued at USD 1.66 billion in 2023 and is projected to expand to USD 7.34 billion by 2030, registering a compound annual growth rate (CAGR) of 23.7% between 2024 and 2030. This growth is primarily driven by the increasing need for spatial data analysis across various sectors such as transportation, logistics, urban planning, and environmental...
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