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<br>Global Artificial Intelligence as a Service Market is expected to reach USD 20.2 Billion by 2024 from USD 1.25 Billion in 2016 at a CAGR of 48.9%.
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Global Artificial Intelligence as a Service Marketis expected to reach USD 20.2 Billion by 2024 from USD 1.25 Billion in 2016 at a CAGR of 48.9%. This is a comprehensive global report focused on the current and future prospects of the global Artificial Intelligence as a Service Market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segmentsand • sub-segments considering the macro and micro environmental factors. An in-depth analysis of past trends, future trends, demographics, technological advancements, and regulatory requirements for the global Artificial Intelligence as a Service Market has been done in order to calculate the growth rates for each segments andsub-segments. • The key driving factor for this market include the rising adoption of the AI powered service in the form of application and application programming interface and the rapid growth in the innovations of the service are the key growth factors for this market in the forecastperiod. • The machine learning and deep learning technology segment among the technology segment is anticipated to hold the largest market share, while the natural language processing technology is projected to grow at a higher CAGR during the forecast period. The natural language processing technology has various features such as it is capable of understanding user behaviors , that is why it helps in delivering enhanced customer experience. • Geographically, the Global Artificial Intelligence as a Service Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The swift growth of the market in the APAC region is anticipated to dominate the market over the forecast period majorly due to various factors, such as growing awareness of AI as a service among various verticals and growth of the massive amount of data, due to the increasing use of digital technologies are expected to make APAC a high potential market forgrowth. • Global Artificial Intelligence as a ServiceMarket • The rapid growth demand for AI services integrators in various sector and are also creating opportunities across a wide range of industries andvertical: • Banking, Financial, and Insurance(BFSI) • Retail • Healthcare and LifeSciences • Telecommunications • Manufacturing
Government anddefense • Energy • Others • KeyHighlights: • Complete analysis with respect to individual growth trends are incorporated within the scope of our study. • Assessment of market definition along with the identification of key drivers, restraints opportunities for thismarket • Comprehensive analysis of factors that are instrumental in changing the market scenario, prospective opportunities, market shares, growth strategies along with identification of key companies areprofiled. • Detailed quantitative analysis of the current and future trends for the forecast period has beenprofiled. • Global Artificial Intelligence as a Service Market analysis and segmentation with respect to service type, software tool, service, technology, organization size, vertical and geography. • Global Artificial Intelligence as a Service Market analysis and forecast for five major geographies- North America, Europe, Asia Pacific, Middle East & Africa and Latin America along with their keyregions • The years that have been considered for the studyare: • Base year –2016 • Estimated year –2017 • Forecast period – 2017 to2024 ResearchMethodology: The research methodology used to forecast and estimate the Global Artificial Intelligence as a Service Market was done by collecting data about key vendor revenues via secondary research, which includes databases & directories (Bloomberg BusinessWeek, D&B Hoovers, and Factiva). Vendor offerings have also been considered in order to determine the market segmentation. The bottom-up approach was employed to estimate at the overall market size of the Global Artificial Intelligence asa
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