Artificial Intelligence as a Service Market Demand With COVID-19 Recovery Analysis 2020 | Better Delivery Process to Boost Market Growth by 2027 | Trending Report with Key Players Analysis of Amazon, Microsoft Corporation, Alphabet Inc. (Google Inc.), IBM

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.

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.

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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, Organization Size, Geography and more. Extensive analysis of sales, revenue, growth rate, and market share of each Technology, Organization Size for the historic period and the forecast period is offered with the help of tables.

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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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 the business for future challenges in advance.

The 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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Key Findings of the Artificial Intelligence as a Service Market:

In 2017, the IT & telecom segment dominated the global artificial intelligence as a service market, in terms of revenue, and is projected to grow at a CAGR of 57.4% during the forecast period.

The machine learning segment is projected to grow at a CAGR of 55.9% during the forecast period.

North America is projected to be one of the fastest growing region in the artificial intelligence as a service market and is expected to witness high growth rate.

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