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AI Adoption Surge Fuels AI As A Service Market: Key Factor Driving The Growth In The AI As A Service Market
AI As A Service
What Is the Expected AI As A Service Market Size During the Forecast Period?
The AI As A Service Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected AI As A Service Market Size During the Forecast Period?
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What Are the High-Growth Segments in the AI As A Service Market?
The AI as a service market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Offering: Infrastructure As A Service, Platform As A Service, Software As A Service
3) By Deployment: Public, Private, Hybrid
4) By Organization Size: Small And Medium-Sized Enterprises, Large Enterprises
5) By Industry: Banking, Finance Services, And Insurance (BFSI), Information Technology (IT) And Telecom, Retail, Manufacturing, Public Sector, Energy And Utilities, Healthcare, Other Industries
Subsegments:
1) By Solutions: Machine Learning Solutions, Natural Language Processing Solutions, Computer Vision Solutions, Speech Recognition Solutions, Predictive Analytics Solutions, Data Mining Solutions, Robotic Process Automation Solutions
2) By Services: Consulting Services, Integration Services, Support And Maintenance Services, Training And Education Services, Managed Services
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What Key Drivers Are Expected to Influence Future AI As A Service Market Growth?
The accelerating incorporation of artificial intelligence is forecasted to fuel the expansion of the AI as a service market in the future. Artificial intelligence is defined as the imitation of human cognitive abilities by machines, especially computer systems. It allows people and businesses to experiment with AI for a variety of objectives with less initial investment and reduced risk. For example, Eurostat, a governing body based in Belgium, reported in May 2024 that in 2023, the number of large corporations employing AI technologies increased to 30.4%, a rise from 28.4% in 2021. This signifies a remarkable surge in the adoption of AI solutions among these corporations. As a result, the accelerated implementation of artificial intelligence is propelling the expansion of the AI as a service market.
Which Companies Hold the Largest Share Across Different AI As A Service Market Segments?
Major companies operating in the AI as a service market include Amazon Web Services Inc., Salesforce Inc., International Business Machines Corporation, Microsoft Corporation, Google Inc., SAP SE, Intel Corporation, BigML Inc., Fair Isaac Corporation, SAS Institute Inc., Siemens, Apple Inc., CognitiveScale Inc., Dataiku SAS, Oracle Corporation, H2O.AI Inc., Craft.AI, DataRobot Inc., OpenAI LP, Baidu Inc., NVIDIA Corporation, General Electric Company, Infosys Limited, Wipro Limited, Tata Consultancy Services Limited, accenture* plc, CloudMinds Technology Inc., Palantir Technologies, C3.ai, Databricks
What Trends Are Driving Growth in The AI As A Service Market?
The emergence of technological innovations is a major trend making waves in the AI as a service market. To maintain their competitive edge, corporations in this market are leveraging novel technologies. For example, Nvidia Corporation, a software enterprise based in the US, unveiled a new technology for cloud supercomputing service known as "DGX Cloud" in March 2023. This service aims to provide businesses access to hardware and software necessary for building advanced models for generative AI, among other uses.
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What Are the Emerging Geographies for The AI As A Service Market Growth?
North America was the largest region in the AI as a service market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global AI as a service market report during the forecast period. The regions covered in the AI as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the AI As A Service Market?
2. What is the CAGR expected in the AI As A Service Market?
3. What Are the Key Innovations Transforming the AI As A Service Industry?
4. Which Region Is Leading the AI As A Service Market?
Why This Report Matters:
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