Press release
Artificial Intelligence-as-a-Service Market 2022 Value with Status and Analysis - Microsoft Corporation, Google LLC, Amazon Web Services, Inc., IBM Corporation
The Artificial Intelligence-as-a-Service Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The global Artificial Intelligence-as-a-Service market was valued at USD 3.91 billion in 2020, and it is expected to reach USD 43.298 billion by 2026, registering a CAGR of 48.9% during the period of 2021-2026.
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Top Leading Companies of Artificial Intelligence-as-a-Service Market are Microsoft Corporation, Google LLC, Amazon Web Services, Inc., IBM Corporation, BigML Inc, DATAIKU SAS, Salesforce.com Inc., SAS Institute Inc, Oracle Corporation, H2O.Ai Inc, Craft.AI and others.
Industry News and Updates
Oct 2020 - Amazon Web Services (AWS) and Carrier Global Corporation, a leading global provider of healthy, safe, and sustainable building and cold chain solutions, announced a multi-year agreement to co-develop Carrier's new Lynx digital platform. This suite of tools will provide Carrier customers around the world with enhanced visibility, increased connectivity, and actionable intelligence across their cold chain operations to improve outcomes for temperature-sensitive cargo, including food, medicine, and vaccines.
- Oct 2020 - IBM Corporation announced new capabilities in IBM Maximo for Civil Infrastructure to help prolong the lifespan of aging bridges, tunnels, highways, and railways. New enhancements include the ability to deploy on Red Hat OpenShift for hybrid cloud environments, as well as new AI and 3D model annotation tools that can provide deep industry and task-specific insights to support engineers. Tools, like AI, predictive maintenance, drones, and hybrid cloud, will play an important role in meeting the challenge of rising infrastructure costs, and helping these vital structures endure for future generations.
Key Market Trends
Asia Pacific is Expected to Witness the Highest Growth
- The global investment in artificial intelligence is rapidly increasing, primarily in the Asia-Pacific region. Furthermore, the healthcare industry in Asia-Pacific countries, such as India, is rapidly expanding. Due to this, the scope and demand for artificial intelligence in the industry is increasing. As a result, the region is expected to have a substantial investment opportunity, thereby boosting the market growth over the forecast period.
- Notably, the top tech giants across the world, offering AI services, are opening research labs in the Asia-Pacific region, which is expected to ascend the employment and tap more potential consumers.
- For instance, in January 2019, Microsoft announced the largest artificial intelligence (AI) and the Internet of Things (IoT) lab in China, in a bid to target the region's growing business sectors, ranging from manufacturing to healthcare. Also, in December 2017, Google announced the opening of its artificial intelligence (AI) research center in China
Regional Outlook of Artificial Intelligence-as-a-Service Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Artificial Intelligence-as-a-Service Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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