July 8, 2024

Global Artificial Intelligence as a Service market Size Worth USD 95.51 Billion By 2028 | Growth Rate (CAGR) of 40.2%

Global Artificial Intelligence as a Service Market Was Estimated at USD 8.97 Billion In 2021, And Is Projected to Reach USD 95.51 Billion By 2028, Growing at A CAGR Of 40.2 %. The Analysis Period 2023-2030.

Artificial intelligence as a service (AIaaS) is a service that outsources AI to allow individuals and businesses to experiment with and scale AI techniques at a low cost. AI benefits businesses in a variety of ways, from improving customer experiences to automating redundant tasks. However, developing in-house AI-based solutions is a time-consuming and costly process. That is why businesses are enthusiastically embracing AIaaS, in which third-party providers provide ready-to-use AI services. Artificial intelligence as a service refers to companies providing out-of-the-box AI services to potential subscribers.

Top Key Players Covered in The Artificial Intelligence as a Service Market

Google LLC, Amazon Web Services, Apple Inc., Baidu, BigML, BMC, CognitiveScale Inc., Fair Isaac Corporation, IBM Corporation, Intel Corporation, Deloitte, Microsoft Corporation, Oracle Corporation, Salesforce Inc., SAP SE and Other Major Players

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The report summarizes all the information collected and serves the customer’s requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others. This will help us understand the market potential. The research report includes quantitative data that helps us fully understand the industry and future market scope.

For the Purpose Of This Report, Reports And Data Has Segmented The Global Artificial Intelligence as a Service Market On The Basis Of Type, By Source, By Product, And Region:

By Type         

  • Software Tools
  • Services

By Technology          

  • Natural Language Processing
  • Machine Learning & Deep Learning
  • Others

By End-Use Industry           

  • BFSI
  • Government & Defense
  • Healthcare & Life Sciences
  • Telecommunications
  • Retail
  • Others

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By Region

  • North America (US, Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Covid-19 Impact Analysis On Artificial Intelligence as a Service Market

The negative impact of the COVID-19 pandemic has caused SME’s all over the world to struggle. Many companies are rapidly implementing digital technologies, such as artificial intelligence (AI), in their manufacturing or service operations in order to achieve sustainable development. During the COVID-19 pandemic, the use of AI technology was a critical solution for ensuring the long-term viability of SMEs. Adoption of AI technology can assist SMEs in transforming COVID-19 challenges into opportunities to improve performance and survival rates.

Report Includes Competitor’s Landscape:

  • Major trends and growth projections by region and country
  • Key winning strategies followed by the competitors
  • Who are the key competitors in this industry?
  • What shall be the potential of this industry over the forecast tenure?
  • What are the factors propelling the demand for the Action Figures and Statues?
  • What are the opportunities that shall aid in significant proliferation of the market growth?
  • What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
  • How has the covid-19 impacted the growth of the market?
  • Has the supply chain disruption caused changes in the entire value chain?

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