Artificial Intelligence as a Service Market Latest Report 2020 | Industry Development Analysis, Global Trends, Size, Share, Growth Factors, CAGR Status, Industry Insights by Top Key Players and Forecast By 2025

The Objective of the Artificial Intelligence as a Service Market report is to depict the trends and upcoming for Artificial Intelligence as a Service Industry over the forecast years. In Artificial Intelligence as a Service Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2020 to 2025 mulling over 2019 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.

The global artificial intelligence as a service market (AIaaS) accounted for $2,397.2 million in 2017, and is expected to reach $77,047.7 million by 2025, growing at a CAGR of 56.7% from 2018 to 2025. In 2017, North America dominated the global market, in terms of revenue, accounting for about 47.0% share of the global market, followed by Asia-Pacific. Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare business for future challenges in advance.

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Artificial intelligence as a service (AIaaS) involves outsourcing of artificial intelligence (AI). Most of the manufacturers and industry professionals partner with firms that can provide a full suite of services to support a large-scale AI solution. Public cloud providers reveal APIs and services that can be used up without creating conventional machine learning models. These services take benefit of the underlying infrastructure owned by cloud vendors. The market for artificial intelligence as a service is primarily driven by the increased adoption of cloud services in end-user industries. However, lack of skilled workforce is expected to hinder the market growth.

The report offers key drivers that propel the growth in the artificial intelligence as a service market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.

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The major players, such as Amazon, Microsoft Corporation, Alphabet Inc. (Google Inc.), IBM Corporation, Apple Inc., Intel, Inc., SAP SE, Salesforce, Inc., Fair Isaac Corporation, and CognitiveScale, Inc., focus on developing new products. These companies have expanded their business by collaborating with other small vendors.

The artificial intelligence as a service market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

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The research offers a detailed segmentation of the artificial intelligence as a service market. Key segments analyzed in the research include Technology Type, Organization Size Type, Geography and more. Extensive analysis of sales, revenue, growth rate, and market share of each Technology Type, Organization Size Type for the historic period and the forecast period is offered with the help of tables.

Key Benefits for Stakeholders

The report provides an extensive analysis of the current and emerging market trends, and dynamics in the global artificial intelligence as a service market.

In-depth analysis is conducted by constructing market estimations for the key market segments between 2018 and 2025.

Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.

A comprehensive analysis of all regions is provided to determine the prevailing opportunities in these geographies.

Key market players within the artificial intelligence as a service market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global artificial intelligence as a service market.

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