Press release
Artificial Intelligence-as-a-Service (AIaaS) Market 2020 – 2027: Growth Opportunities and Business Development Strategies by Alphabet, Amazon, Apple, CognitiveScale, Fair Isaac, IBM, Intel, Microsoft, Salesforce, SAP SE
Artificial Intelligence as a Service is the outsourcing of artificial intelligence (AI) provided by third parties. It allows people and organizations to explore different avenues without high investment for initial installation for various purposes and involves low risk. Most smart vendors, whether they are software firms, consultants, or professional service firms, offers a range of services to support large-scale AI solutions. This is because AI market service companies are aware of the fact that it is merely offering their customers AI software or AI toolsets is no longer enough. As an essential part of their technologies, companies such as Google, IBM, Microsoft, and other leading players have actively implemented AI services.
The increasing adoption of cloud computing services around the globe is increasing the adoption of cloud-based applications that multiple end-user industries can utilize. Cloud computing's inherent benefits, such as minimal infrastructure costs, scalability, reliability, and high resource availability, have driven businesses to adopt cloud-based solutions. This is expected to speed up the adoption of cloud-based apps through a service model. With the rise in the adoption of cloud-based services, market vendors have begun offering cloud-based AI services for secure data management. SAP, for example, provides AI capabilities integrated with its cloud-based ERP system called S4 / HANA to support business processes like sales, finance, procurement, and supply chain. Thus the increasing adoption of the cloud will drive AIaaS market growth during the forecast period.
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The reports cover key developments in the Artificial Intelligence-as-a-Service (AIaaS) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Artificial Intelligence-as-a-Service (AIaaS) market are anticipated to lucrative growth opportunities in the future with the rising demand for Artificial Intelligence-as-a-Service (AIaaS) market in the global market.
Key Players Influencing the Market
• Alphabet Inc.
• Amazon.com, Inc.
• Apple Inc.
• CognitiveScale
• Fair Isaac Corporation
• IBM Corporation
• Intel Corporation
• Microsoft
• Salesforce, Inc.
• SAP SE
The “Global Artificial Intelligence-as-a-Service (AIaaS) Market Analysis to 2027” is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of Artificial Intelligence-as-a-Service (AIaaS) market with detailed market segmentation by component, deployment type, industry vertical, and geography. The global Artificial Intelligence-as-a-Service (AIaaS) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Artificial Intelligence-as-a-Service (AIaaS) market players and offers key trends and opportunities in the market.
The global Artificial Intelligence-as-a-Service (AIaaS) Market is segmented on the basis of technology, and end user. Based on technology, the Artificial Intelligence-as-a-Service (AIaaS) Market is segmented into: Machine Learning, Computer Vision, Natural Language Processing (NLP), and Others. On the basis of end user, the Artificial Intelligence-as-a-Service (AIaaS) Market is segmented into: Retail, healthcare, BFSI, Telecommunications, Government and defense, and Others.
Besides this, the report analyzes factors affecting Artificial Intelligence-as-a-Service (AIaaS) market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Artificial Intelligence-as-a-Service (AIaaS) Market report.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Artificial Intelligence-as-a-Service (AIaaS) market based on the type and application. It also provides market size and forecast till 2027 for overall Artificial Intelligence-as-a-Service (AIaaS) market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Artificial Intelligence-as-a-Service (AIaaS) Market.
• Key market trends cracking up the growth of the Artificial Intelligence-as-a-Service (AIaaS) Market.
• Challenges to market growth.
• Key vendors of Artificial Intelligence-as-a-Service (AIaaS) Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Artificial Intelligence-as-a-Service (AIaaS) Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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