Press release
Artificial Intelligence-as-a-Service Market Competitive Insights and Growth Prospects 2022 to 2027: Microsoft Corporation, Google LLC, Amazon Web Services, Inc., IBM Corporation
Artificial Intelligence-as-a-Service Market 2022-2027 is a comprehensive report which provides a detailed overview of the major driver, opportunities, challenges, current market trends and strategies impacting the Global Artificial Intelligence-as-a-Service Market in conjunction with calculation and forecast of size, share, and growth rate analysis. Combining the analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the Artificial Intelligence-as-a-Service Market all told its geographical and merchandise segments.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 2027, registering a CAGR of 48.9% during the period of 2022-2027.
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https://www.marketinsightsreports.com/reports/02285840985/artificial-intelligence-as-a-service-market-growth-trends-covid-19-impact-and-forecasts-2022-2027/inquiry?Mode=Iris
The Global Artificial Intelligence-as-a-Service Market is highly competitive and consists of a number of Major Key Players 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 others.
Industry News:
- 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:
BFSI is Expected to Occupy the Highest Share
- In recent years, AI technology has been increasingly adopted in the BFSI industry, primarily to enhance operational efficiency and enable rich consumer experience. AI is at the forefront of all innovations and will continue to remain so in 2020.
- In the BFSI industry, AI is mainly used as chatbots, algorithmic trading, fraud detection, and customer recommendation. Banks, such as RBS, are implementing chatbots, which is likely to compel other financial institutions to invest in similar technology. As a result, it is expected to create demand for AI-based solutions, which, in turn, is expected to boost the investment by the industry players, thereby, fostering the market growth, over the next six years.
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.
Browse the Full report description and TOC at:
https://www.marketinsightsreports.com/reports/02285840985/artificial-intelligence-as-a-service-market-growth-trends-covid-19-impact-and-forecasts-2022-2027?Mode=Iris
The key insights of the Artificial Intelligence-as-a-Service Market report:
The report provides key statistics on the market status of the Artificial Intelligence-as-a-Service Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Artificial Intelligence-as-a-Service Market report presents the company profile, product specifications, capacity, production value, and 2016-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2022-2027 market development trends of Artificial Intelligence-as-a-Service Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Artificial Intelligence-as-a-Service Market Industry before evaluating its feasibility.
Finally, Artificial Intelligence-as-a-Service Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Automotive Actuators industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
Customization services available with the report:
-15% Free customization.
-Five Countries can be added as per your choice.
-Five Companies can add as per your choice.
-Free customization up to 40 hours.
-post-sales support for 1 year from the date of delivery.
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Irfan Tamboli (Head of Sales) - Market Insights Reports
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sales@marketinsightsreports.com | irfan@marketinsightsreports.com
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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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