Press release
Artificial Intelligence Services Market 2023-2032: New Technologies, Business Insights, Future Scope And Major Players | Intel Corp., International Business Machines Corp., Microsoft Corp., SAP SE, SAS Institute Inc
Artificial Intelligence Services Market
The Business Research Company's Artificial Intelligence Services Global Market Report 2023 identifies rise in the adoption of cloud-based solutions as the major driver for the Artificial Intelligence Services Market's growth in the forecast period. 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.
The global artificial intelligence services market size will grow from $12.39 billion in 2022 to $18.34 billion in 2023 at a compound annual growth rate (CAGR) of 48.0%. 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 market size of the global artificial intelligence services is expected to grow to $55.38 billion in 2027 at a CAGR of 31.8%.
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Major competitors 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.
A key trend in the Artificial Intelligence Services Market includes artificial intelligence. Natural language processing (NLP) is a type of artificial intelligence that explains how human language and computers interact. Machine translation is an enormous technology for NLP that enables us to overcome the challenges to contact people from all over the world and to understand software manuals and catalogs written in a foreign language. For instance, the Livox app, a customizable application in 25 languages helps the disabled to communicate.
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The Artificial Intelligence Services Market is segmented -
By Technology: Machine Learning, Computer Vision, Natural Language Processing (NLP), Other Technology
By Services Type: Managed Services, Professional Services
By Software Tools: Web-based and Cloud Application Programming Interface, Processing and Modeler, Archiving and Data Storage
By Application Type: Fraud Detection, Data Analytics & Visualization, Customer Service and Management, Rsik Management, Compliance & Security
By End-User: Banking, Financial, and Insurance (BFSI), IT & Telecom, Retail, Manufacturing, Public Sector, Energy & Utility, Healthcare, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Artificial Intelligence Services Market.
The Business Research Company's "Global Artificial Intelligence Services 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 Artificial Intelligence Services Market 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
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