Cloud AI Market Growing Technology Trends and Business Opportunities by 2025-Amazon Web Services Inc., Microsoft Corporation, Google LLC, IBM Corporation

Cloud AI Market by Component, Application, Services, and Region- Forecast to 2025

The Global Cloud AI Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Cloud AI business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Cloud AI worth chain and its wholesaler examination. Cloud AI Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The Cloud AI Market was valued at USD 5.2 billion in 2019 and is expected to reach USD 13.1 billion by 2025, registering a CAGR of 20.3%, during the period of 2020-2025.

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Top Leading Companies of Cloud AI Market are Amazon Web Services Inc., Microsoft Corporation, Google LLC, IBM Corporation, Intel Corporation, Nvidia Corporation, Cloudminds Technology, AIBrain LLC, Salesforce.com Inc., SoundHound Inc., Twilio, Inc., Visenze Pte Ltd, Infosys Limited, Wipro Limited and others.

-Industry News And Updates on Cloud AI Market-

North America Holds Major Share

- North America is expected to dominate the global cloud AI market, owing to its status as one of the early adopters of the technology. The other factor is that most of the major players in the market are US-based. The cloud adoption among the regional end-user is also quite high. Hence, the investment in the studied market is too high. The region is also a key region dominating the global hybrid cloud and IaaS market.

- Market players operating in the region are investing in innovating additional and unique features to their offering, mainly to gain a competitive advantage and expand their customer target base. This is also expected to bring advancement in the regional and global markets. This factor expands the market scope further.

-Key Market Trends Cloud AI Market-

Government to Hold Significant Share

- Governments and large NGOs worldwide have been significantly spending their time and budget on pilot programs for various AI applications and investing in the same. Discussions with the experts in the field, on the future implications of the technology, have become routine.

- INTERPOL World 2019, conducted in Singapore, concluded that to understand how AI could help improve healthcare in developing nations, the National Defense University in Washington DC spoke with generals and colonels to arrive at the same.

- As of October 2019, Amazon Web Services has been training relevant government employees in India to create a cloud-first approach towards digital transformation and enhanced skill sets as a part of the initiatives by the Indian government to deploy AI and Machine Learning-driven Cloud models to make sense of the humongous sets of data.

-Competitive Landscape On Cloud AI Market-

In August 2020 - Google Cloud announced the expansion of its partnership with Best Buy in a multi-year agreement for Best Buys Enterprise Data Platform. The partnership is expected to deliver enhanced technological experience, by using AI, analytics to create more personalized shopping experiences for customers of the latter.

- In July 2020 - the Global Health Drug Discovery Institute (GHDDI) launched a Free AI Virtual Screening Service for COVID-19. The service is powered by Alibaba Cloud and enables the facilitation of COVID-19 drug discovery effort by combining the capabilities of Alibaba Clouds high-performance computing (HPC) resources and GHDDIs artificial intelligence (AI), thereby accelerating the computation process exponentially.

- In April 2020 - Siemens announced the availability of its MindSphere on Alibaba Cloud. The successful deployment and operation are expected to foster the industrial Internet of Things (IoT) in China.

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