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Artificial Intelligence As A Service (AIaaS) Market Size, Market Share Analysis, Emerging Trends, Growth Drivers, and Competitive Landscape Forecast to 2033

Artificial Intelligence As A Service (AIaaS) Market

Artificial Intelligence As A Service (AIaaS) Market

The new report published by The Business Research Company, titled "Artificial Intelligence As A Service (AIaaS) Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the artificial intelligence as a service (aiaas) market size has grown exponentially in recent years. It will grow from $10.42 billion in 2023 to $14.44 billion in 2024 at a compound annual growth rate (CAGR) of 38.6%. The artificial intelligence as a service (aiaas) market size is expected to see exponential growth in the next few years. It will grow to $54.08 billion in 2028 at a compound annual growth rate (CAGR) of 39.1%.

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Business Dependence On AI Accelerates Growth In The Artificial Intelligence As A Service (AIaaS) Market
The rise in the artificial intelligence dependence of businesses is expected to propel the growth of the artificial intelligence as a service (AIaaS) market going forward. Artificial intelligence (AI) in business refers to the use of intelligent computer software with human-like capabilities to boost revenue, improve customer experience, increase productivity and efficiency, and drive business growth and transformation. Artificial intelligence as a service (AIaaS) is used in businesses to provide access to pre-built AI models and tools through the cloud, that empowers businesses of all sizes to leverage the power of AI without the hefty upfront investments and technical expertise required for in-house development. For instance, in May 2022, according to The International Business Machines Corporation, a US-based technology corporation, a poll conducted of 7,502 businesses found that 35-36% of global companies were already implementing AI, and 42-64% were exploring its potential. Further, 64% of businesses believe that AI will improve business productivity, and 42% believe it will streamline job processes. Therefore, the rise in the artificial intelligence dependence of businesses is driving the growth of the artificial intelligence as a service (AIaaS) market.

AIaaS Market Drive Innovation With Generative AI Solutions
Major companies operating in the artificial intelligence as a service (AIaaS) market are integrating efforts into developing advanced technological solutions, such as generative AI solutions, to gain a competitive edge in the market. Generative AI refers to AI systems that can create new content, like text or images, by learning from existing data. For instance, in March 2023, Salesforce, Inc., a US-based software company, launched Einstein GPT, the first generative AI for CRM. This powerful tool combines public and private AI models with CRM data, allowing users to generate trustworthy content from their CRM data using natural language prompts. It can be customized to meet specific business needs by fine-tuning the AI models. Customers can use Einstein GPT to connect data to OpenAI's cutting-edge AI models straight out of the box, or they can select an external model of their own and use natural language prompts directly within Salesforce CRM to generate content that dynamically adjusts in real time to changing customer data and needs.

The artificial intelligence as a service (aiaas) market covered in this report is segmented -

1) By Type: Services, Software Solutions
2) By Cloud Type: Public Cloud, Hybrid Cloud, Private Cloud
3) By Technology: Natural Language Processing, Machine Learning, Computer Vision, Deep Learning, Other Technologies
4) By Enterprise Size: Large Enterprises, Small And Medium Enterprises
5) By Industry: IT And Telecom, Healthcare, Energy And Utility, Manufacturing, Retail, Government, Banking, Financial Services, And Insurance, Other Industries

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Major companies operating in the artificial intelligence as a service (aiaas) market report are Apple Inc, Google LLC, Microsoft Corporation, Dell Technologies Inc., Huawei Technologies Co. Ltd., Hitachi Ltd., Amazon Web Services Inc., Siemens AG, Intel Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Salesforce Inc., NVIDIA Corporation, Fujitsu Ltd., Cognizant Technology Solutions Corp., ZTE Corporation, Baidu Inc., Infosys Ltd., Super Micro Computer Inc, SAS Institute Inc., Arm Limited (SoftBank Group Corp.), Fair Isaac Company (FICO), DataRobot Inc., Cognitivescale Inc., Iris.AI, BigML Inc, Atomwise Inc., craft.AI

Contents of the report:
1. Executive Summary
2. Artificial Intelligence As A Service (AIaaS) Market Report Structure
3. Artificial Intelligence As A Service (AIaaS) Market Trends And Strategies
4. Artificial Intelligence As A Service (AIaaS) Market - Macro Economic Scenario
5. Artificial Intelligence As A Service (AIaaS) Market Size And Growth
…..
27. Artificial Intelligence As A Service (AIaaS) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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