AI As A Service Market 2023-2032, Key Players, Detailed Analysis and Growth Strategies

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's AI As A Service Global Market Report 2023 identifies increasing spending as the major driver for the AI As A Service market's growth in the forecast period. Artificial intelligence refers to the replication of human intellectual functions by machines, particularly computer systems. It enables individuals and organizations to test out AI for a range of purposes with a smaller initial commitment and lower risk. The increasing spending on artificial intelligence is one of the key drivers of the AI as a service market.

The global AI as a service market size is expected to grow from $6.84 billion in 2022 to $9.86 billion in 2023 at a compound annual growth rate (CAGR) of 44.28%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global AI as a service market size is expected to reach $43.28 billion in 2027 at a CAGR of 44.73%.

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Major competitors in the AI As A Service market are Amazon Web Services Inc., Salesforce Inc., International Business Machines Corporation, Microsoft Corporation, Google Inc.

A key trend in the AI As A Service market includes technology advancements. Companies operating in the AI as a service market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Nvidia Corporation, a US-based software company launched new cloud supercomputing service technology named "DGX Cloud" to offer GPU supercomputers-as-a-Service. It gives businesses access to hardware and software for developing cutting-edge models for generative AI and other uses.

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The AI As A Service market is segmented -
• By Component: Solutions, Services
• By Offering: Infrastructure As A Service, Platform As A Service, Software As A Service
• By Deployment: Public, Private, Hybrid
• By Organization Size: Small And Medium-Sized Enterprises, Large Enterprises
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the AI As A Service market.

The Business Research Company's "Global AI As A Service Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The AI As A Service Market Include:

1. Executive Summary
2. AI As A Service Market Characteristics
3. AI As A Service Market Trends And Strategies
4. AI As A Service Market - Macro Economic Scenario
5. AI As A Service Market Size And Growth
……………………………………………
26. Africa AI As A Service Market
27. AI As A Service Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The AI As A Service Market
29. AI As A Service Market Future Outlook and Potential Analysis
30. Appendix

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