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AI-as-a-Service Market worth $39.85 billion by 2030, growing at a CAGR of 27.55% - Exclusive Report by 360iResearch

02-05-2024 12:05 PM CET | IT, New Media & Software

Press release from: 360iResearch

AI-as-a-Service Market | 360iResearch

AI-as-a-Service Market | 360iResearch

The "AI-as-a-Service Market by Service Offering (Services, Software), Technology (Computer Vision, Machine Learning (ML), Natural Language Processing (NLP)), Organization Size, Deployment, End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global AI-as-a-Service Market to grow from USD 7.25 billion in 2023 to USD 39.85 billion by 2030, at a CAGR of 27.55%.

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AI-as-a-Service (AIaaS) refers to the outsourcing model that provides businesses with access to artificial intelligence technology on a subscription basis. This allows organizations to leverage AI functionalities without investing in costly infrastructure or maintaining a specialized in-house team of AI experts. AIaaS is driving technological innovation by democratizing access to AI tools and capabilities, including machine learning, natural language processing, and computer vision. The drivers for AIaaS include the increasing volume of data generation, the need for advanced analytics to gain competitive advantages, and the necessity to innovate rapidly within various industries. Furthermore, AIaaS enables smaller businesses to compete with larger entities due to the scale and cost efficiencies it provides. The scalability of AIaaS solutions allows companies to easily adjust their AI capabilities in response to their needs. However, restraints such as data privacy concerns, limited understanding of AI technologies by potential users, and the high dependency on service providers' reliability and performance pose challenges to AIaaS adoption. Enterprise-level companies need to ensure that their AIaaS offerings comply with varying regulatory standards across regions, which adds complexity. Moreover, opportunities abound in developing more tailored AI services that suit specific industry needs, the continuous improvement of AIaaS platforms for better user experiences, and the potential for AIaaS to act as a catalyst for innovative business models. The potential of AIaaS to transform businesses by offering advanced AI capabilities that are accessible and cost-effective is expected to create lucrative prospects in the forthcoming years.

Market Segmentation & Coverage:

This research report categorizes the AI-as-a-Service Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Service Offering, market is studied across Services and Software. The Software is further studied across Cloud & Web-Based APIs, Data Storage & Archiving, and Modeler & Processing. The Software is projected to witness significant market share during forecast period.

Based on Technology, market is studied across Computer Vision, Machine Learning (ML), and Natural Language Processing (NLP). The Machine Learning (ML) is projected to witness significant market share during forecast period.

Based on Organization Size, market is studied across Large Enterprises and Small & Medium-sized Enterprises (SMEs). The Small & Medium-sized Enterprises (SMEs) is projected to witness significant market share during forecast period.

Based on Deployment, market is studied across Hybrid, Private, and Public. The Private is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Banking, Financial, & Insurance (BFSI), Energy & Utility, Government & Defense, Healthcare & Life Sciences, IT & Telecommunication, Manufacturing, and Retail. The Banking, Financial, & Insurance (BFSI) is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the AI-as-a-Service Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the AI-as-a-Service Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the AI-as-a-Service Market, highlighting leading vendors and their innovative profiles. These include Amazon Web Services, Inc., Avenga International GmbH, BigML, Inc., BMC Software, Inc., Booz Allen Hamilton, Cerence Inc., Cognizant Technology Solutions Corporation, Databricks, Inc, EXPERT.AI, Fair Isaac Corporation, Google LLC by Alphabet Inc., Hewlett Packard Enterprise Development LP, IDC CEMA s.r.o., Infosys Limited, Intel Corporation, International Business Machines Corporation, Kyndryl Inc., Levity AI GmbH, Microsoft Corporation, NICE Ltd., Runai Labs Ltd., Salesforce, Inc., SAP SE, and Siemens AG.

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Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. AI-as-a-Service Market, by Service Offering
7. AI-as-a-Service Market, by Technology
8. AI-as-a-Service Market, by Organization Size
9. AI-as-a-Service Market, by Deployment
10. AI-as-a-Service Market, by End-User
11. Americas AI-as-a-Service Market
12. Asia-Pacific AI-as-a-Service Market
13. Europe, Middle East & Africa AI-as-a-Service Market
14. Competitive Landscape
15. Competitive Portfolio
16. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the AI-as-a-Service Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the AI-as-a-Service Market?
3. What is the competitive strategic window for opportunities in the AI-as-a-Service Market?
4. What are the technology trends and regulatory frameworks in the AI-as-a-Service Market?
5. What is the market share of the leading vendors in the AI-as-a-Service Market?
6. What modes and strategic moves are considered suitable for entering the AI-as-a-Service Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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