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Artificial Intelligence Software As A Service (SaaS) Market 2023 : Trends, Business Growth And Major Driving Factors | Amazon Web Services Inc., International Business Machines Corporation, SAP SE, Salesforce Inc.
Artificial Intelligence Software As A Service (SaaS) Global Market
The Business Research Company's Artificial Intelligence Software As A Service (SaaS) Global Market Report 2023 identifies the rise in the adoption of cloud-based solutions is expected to propel the growth of the artificial intelligence software as a service (SaaS) market going forward. A cloud-based solution is a concept for providing on-demand access to a shared pool of configurable applications and services that can be quickly deployed and delivered via the internet with low administration work. Artificial intelligence SaaS providers offer services to a broader customer base by leveraging cloud infrastructure, eliminating the need for extensive hardware or on-premises installations, and lowering the barriers to entry for businesses looking to incorporate AI into their operations, as they can easily access AI capabilities through a subscription-based model.
The global artificial intelligence software as a service (SaaS) market is expected to grow from $138.09 billion in 2022 to $188.33 billion in 2023 at a compound annual growth rate (CAGR) of 36.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The artificial intelligence software as a service (SaaS) market is expected to reach $643.87 billion in 2027 at a CAGR of 36.0%.
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Major players in the artificial intelligence software as a service (SaaS) market are Amazon Web Services Inc., International Business Machines Corporation, SAP SE, Salesforce Inc., NVIDIA Corp., Rockwell Automation Inc., UiPath Inc., Automation Anywhere Inc., C3.ai Inc., DataRobot Inc., H2O Innovations Inc., Blue River Technology Inc., Freenome Inc., AlphaSense Inc., Grammarly Inc., People.ai Inc., HyperScience, Rebellion Defense Inc., DataVisor Inc., Mighty AI, Vic.ai Inc., Kneron Inc., Adarga, OpenAI Inc., and Clarifai Inc.
A key trend in the Artificial Intelligence Software As A Service (SaaS) market includes the Technological innovations are a key trend gaining popularity in the artificial intelligence software as a service (SaaS) market. Major companies operating in the artificial intelligence SaaS market are introducing advanced solutions to strengthen their position in the market.
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The Artificial Intelligence Software As A Service (SaaS) market is segmented -
1) By Deployment: Cloud-Based, On-Premise
2) By Organization Size: Large Enterprise, Small And Medium Enterprise
3) By Vertical: Banking, Financial Services, And Insurance (BFSI), Retail And E-Commerce, Healthcare And Life Sciences, IT( Information Technology ) And ITeS(Information Technology Enabled Services), Telecommunications, Government And Defense, Manufacturing, Energy And Utilities, Other Verticals
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Artificial Intelligence Software As A Service (SaaS) market.
The Business Research Company's "Global Artificial Intelligence Software As A Service (SaaS) 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 Software As A Service (SaaS) Market Include:
1. Executive Summary
2. Artificial Intelligence Software As A Service (SaaS) Market Characteristics
3. Artificial Intelligence Software As A Service (SaaS) Market Trends And Strategies
4. Artificial Intelligence Software As A Service (SaaS) Market - Macro Economic Scenario
5. Artificial Intelligence Software As A Service (SaaS) Market Size And Growth
……
27. Artificial Intelligence Software As A Service (SaaS) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Artificial Intelligence Software As A Service (SaaS) Market
29. Artificial Intelligence Software As A Service (SaaS) Market Future Outlook and Potential Analysis
30. Appendix
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