Press release
Artificial Intelligence as a Service Market Promises a Striking Fortune with +48% CAGR by 2023 - Growing Demand with Top Key Players: IBM, SAP SE, Google, Amazon Web Service, Inc., Intel
The Artificial Intelligence as a Service Market is expected to grow from USD 1.52 billion in 2018 to USD 10.88 billion by 2023, at a CAGR of +48% during the forecast period.
The demand for intelligent business processes is growing in the verticals to improve the overall experience that is delivered to its customers. Therefore, organizations focus on integrating AI capabilities with their existing business applications. However, the process of creating API takes a long time.Therefore, several verticals are focused on the adoption of API and easily available machine learning models driven by AI to solve their business problems.
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Top Key Players:
• International Business Machines Corporation (IBM, US)
• SAP SE (Germany)
• Google (US)
• Amazon Web Service
• Inc. (AWS, US)
• Salesforce (US)
• Intel (US)
• Baidu, Inc. (China)
• Fair Isaac Corporation (FICO, US)
• SAS Institute (US)
• BigML (US)
Geographically, the global market has fragmented across several regions. The major regions include North America, Latin America, Asia-Pacific, Africa, the Middle East, and Europe
The major factors that are expected to drive the Artificial Intelligence as a Service Market are the growing demand for AI-powered services in the form of Application Programming Interface (API) and Software Development Kit (SDK) and growing number of innovative startups.
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Global Artificial Intelligence as a Service Market: Services Type Segment Analysis
Software Tools
Services
Market Technology Segment Analysis:
Machine Learning (ML) & Deep Learning
Natural Language Processing (NLP)
Artificial Intelligence as a Service Market is used by various verticals to analyze large volumes of data for streamlining their business processes. However, access to data becomes critical, as there are various rules and regulations imposed by government authorities across different regions.
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Furthermore, the Global Artificial Intelligence as a Service Market Research Report provides the competitive landscape of the market and gathers information with regards to the company overview, contact information, market size and share, company’s headquarters and corporate offices, and sales revenue. The report also discusses the different development plans and policies of the industry, product pictures, and the process of manufacturing the product, production volume, and product draft.
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