Press release
Artificial Intelligence as a Service Market Next Big Thing | Major Giants Microsoft, Salesforce, FICO
Artificial Intelligence as a Service Market
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Summary
Global Artificial Intelligence as a Service Market Overview:
Artificial Intelligence as a Service (AIaaS) refers to the third-party offering of artificial intelligence outsourcing. This allows the company to get the advantage of AI without spending lots of money. AIaaS helps empower the sampling of multiple public cloud platforms to test different machine learning algorithms. The rise in the adoption of cloud-based solutions and technological advancement for workflow optimization is driving the demand for Artificial Intelligence as a Service. Some of the key players profiled in the study are IBM (United States), Google (United States), Amazon Web Services (United States), Microsoft (United States), Salesforce (United States), FICO (United States), SAS Institute (United States), Intel (United States), SAP (Germany), H2o.AI (United States), Absolutdata (United States), Vital AI (United States), Rainbird Technologies (United Kingdom) and Craft.AI (France).
On the basis of geography, the market of Artificial Intelligence as a Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Artificial Intelligence as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Machine Learning & Deep Learning will boost the Artificial Intelligence as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size, the sub-segment i.e. SMEs will boost the Artificial Intelligence as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
Expenditure on Artificial Intelligence and Technological Advancement for Workflow Optimization
Increasing Demand for Enhancing Consumer Experience
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Restraints
Risks Associated with Data Breaches And Hacks
Interoperability Issues
Opportunities
Increased Application Areas and Growth in Demand for IoT
Challenges
Lack of Skilled Professionals
In March 2019, Bengaluru based EdTech company, CarveNiche Technologies entered into a strategic partnership with Microsoft for its customizable Math learning solution. The program titled- beGalileo, allows students from class 1 to 10 to learn maths using Artificial Intelligence. With the hosting on the Microsoft Azure cloud, the solution will now be easily accessible to students and schools, on any device, from anywhere around the globe. In March 2019, McDonald announced the acquisition of Dynamic Yield, an artificial intelligence company based in New York and Tel Aviv, for USD 300 million. The acquisition will give Mcdonald's data on what purchases are most popular with consumers, and help it design solutions for a more customized experience.
Target Audience:
Technology Investors, Cloud Vendors, Managed Service Providers, Data Quality Service Providers, System Integrators, Data Integration Service Providers, Application Design & Development Service Providers, Training & Education Service Providers, Research/Consultancy firms, Consulting Firms/ Advisory Firms, Government Bodies and Third-party vendors
Major Objectives Focused through this Study
• To define, describe, and forecast the Global Artificial Intelligence as a Service market on the basis of product [] , application [BFSI, Healthcare and Life Sciences, Retail, Telecommunications, Government and defense, Manufacturing, Energy and Others], key regions and end user
• To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
• To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
• Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
• To provide market size for various segments of the Artificial Intelligence as a Service market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
• To strategically profile the key players and analyzing their market shares and core competencies in the Artificial Intelligence as a Service industry
• To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Centurysoft (India), Datarobot (United States), Sift Science Inc. (United States) and Cognitive Scale (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Artificial Intelligence as a Service market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.
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Most important Highlights of TOC:
1 Introduction of Artificial Intelligence as a ServiceMarket
1.1 Overview of the Market
1.2 Scope of Report
2 Exclusive Summary
3 Research Methodology
3.1 Primary Interviews
3.2 Data Mining
3.3 Validation
3.4 List of Statistics
4 Artificial Intelligence as a Service Market Segment & Geographic Analysis [2014 -2026]
4.1 By Type
4.2 By Application
4.3 By Region / Country
5 Artificial Intelligence as a Service Market Outlook
5.1 Overview
5.2 Market Dynamics
5.2.1 Opportunities
5.2.2 Restraints
5.2.3 Drivers
5.3 Five Force Model
5.4 Value Chain Analysis
6 Artificial Intelligence as a Service Market Competitive Landscape
6.1 Overview
6.2 Key Development Policies
6.3 Company Market Standing
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About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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