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Artificial Intelligence Services Global Market By Component, Technology, Industry Vertical, By Deployment, By End User And Regionalal Forecast 2022-2031 | Intel Corp., Microsoft Corp., SAP SE, SAS Institute Inc., Amazon.com Inc.
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The global artificial intelligence services market report by the business research company identifies the rise in the adoption of cloud-based solutions is a key factor driving the growth of the artificial intelligence services market. Artificial intelligence (AI) as a service lets businesses experiment with AI for different activities without a high initial investment. Experimentation enables many cloud computing platforms to check different machine learning algorithms and helps streamline how data is analyzed and managed. Businesses are deeply interested in cloud-based machine learning, which lets them experiment through their services and help their clients make informed decisions based on the data. For instance, in March 2020, Google announced the beta launch of Cloud AI Platform Pipelines, which provides its customers with repeatable machine learning pipelines that can be installed easily and used for machine learning workflows securely. The integration of AI applications into its cloud draws more customers, thus enhancing market growth over the forecast period. Therefore, the rise in the adoption of cloud-based solutions is expected to drive the growth of the artificial intelligence services market.
The global artificial intelligence services market grew from $8.24 billion in 2021 to $12.39 billion in 2022 at a compound annual growth rate (CAGR) of 50.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The artificial intelligence services market is expected to grow to $58.93 billion in 2026 at a CAGR of 47.7%.
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Asia Pacific was the largest region in the artificial intelligence services market in 2021. North America was the second largest region in the artificial intelligence services market. The regions covered in the artificial intelligence services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the artificial intelligence services market are Intel Corp., International Business Machines Corp., Microsoft Corp., SAP SE, SAS Institute Inc., Amazon.com Inc., Salesforce, Google LLC, Oracle Corporation, Fair Isaac Corporation, Alphabet Inc., Apple Inc., CognitiveScale, Inc., Baidu, Inc, BigML, H2O.ai and Baidu Inc.
The global artificial intelligence services market is segmented -
1) By Technology: Machine Learning, Computer Vision, Natural Language Processing (NLP), Others
2) By Services Type: Managed Services, Professional Services
3) By Software Tools: Web-based and Cloud Application Programming Interface, Processing and Modeler, Archiving and Data Storage
4) By Application Type: Fraud Detection, Data Analytics & Visualization, Customer Service and Management, Rsik Management, Compliance & Security
5) By End-user: Banking, Financial, and Insurance (BFSI), IT & Telecom, Retail, Manufacturing, Public Sector, Energy & Utility, Healthcare, Others
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The Artificial Intelligence Services Market Report Contents Include
1. Executive Summary
2. Artificial Intelligence Services Market Characteristics
3. Artificial Intelligence Services Market Trends And Strategies
4. Artificial Intelligence Services Market - Macro Economic Scenario
5. Artificial Intelligence Services Market Size And Growth
.....
26. Africa Artificial Intelligence Services Market
27. Artificial Intelligence Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Artificial Intelligence Services Market
29. Artificial Intelligence Services Market Future Outlook and Potential Analysis
30. Appendix
This 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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