Press release
Artificial Intelligence Services Market Growth Statistics Report 2020-30: Covid 19 Growth And Change
The global artificial intelligence services market is expected to decline from $0.85 billion in 2019 to $0.77 billion in 2020 at a compound annual growth rate (CAGR) of -9.46%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $1.97 billion in 2023 at a CAGR of 36.65%.
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The artificial intelligence (AI) services market consists of sales of AI and related services that are used in telecommunications, government, retail, defense and healthcare. Companies in the artificial intelligence market provide outsourced services to cater to business requirements. AI as a service enables individuals and businesses to use AI for different purposes, without significant initial investment and with lower risk.
The artificial intelligence services market covered in this report is segmented by technology into machine learning; computer vision; natural language processing (NLP); others and by end-user into banking, financial, and insurance (BFSI); it & telecom; retail; manufacturing; public sector; energy & utility; healthcare; others.
Artificial Intelligence Services Market Segmentation: -
By Technology
1. Machine Learning
2. Computer Vision
3. Natural Language Processing (NLP)
4. Others
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By End-user
1. Banking, Financial, and Insurance (BFSI)
2. IT & Telecom
3. Retail
4. Manufacturing
5. Public Sector
6. Energy & Utility
7. Healthcare
8. Others
Few Points From Table Of Content
1. Executive Summary
2. Artificial Intelligence Services Market Characteristics
3. Artificial Intelligence Services Market Size And Growth
4. Artificial Intelligence Services Market Segmentation
5. Artificial Intelligence Services Market Regional And Country Analysis
……
25. Artificial Intelligence Services Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Artificial Intelligence Services Market
27. Artificial Intelligence Services Market Trends And Strategies
28. Artificial Intelligence Services Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the artificial intelligence services market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the artificial intelligence services market are Intel Corp., International Business Machines Corp., Microsoft Corp., SAP SE, SAS Institute Inc., Amazon.com Inc., Salesforce
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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