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Artificial Intelligence as a Service Market Share, Growth, Trends & Forecast Report 2019-2027

Global Artificial Intelligence as a Service Market by Technology (Machine Learning, Computer Vision, Natural Language Processing, Other) by Organization Size (Small and Medium Enterprise, Large Enterprise) by Industrial Verticals (Banking Finance and Service Industry, Information Technology & Telecom, Retail, Manufacturing, Public Sector, Energy and Utilities, Healthcare, Others) & by Grography.

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Artificial Intelligence as a Service Market Share, Growth, Trends & Forecast Report 2019-2027

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  1. ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET FORECAST 2018-2026

  2. Artificial Intelligence is defined as the engineering and science of making intelligent computer systems with almost natural intelligence and can perform tasks directly without any human intervention. Artificial Intelligence as a Service (AIaaS) is the third party offering of artificial intelligence (AI) outsourcing that allows individuals and companies to experiment with AI for various purposes, with minimal initial investment and with proper risk management. • The global market for AI as a service is anticipated to mature with 41.47% CAGR during the forecasted years 2019-2027.

  3. The AIaaS market is proliferating globally due to various factors such as flourishing cloud computing market, its dependence on developing artificial intelligence by companies and unexplored markets for artificial intelligence. • The report on global Artificial Intelligence as a Service includes segmentation on the basis of technology, organization size and industry verticals. The largest segmentation by technology is the machine learning. Machine learning is a particular approach to artificial intelligence. On the other hand, natural language processing is the fastest growing segment by technology. • In spite of various positive features, lack of confidence due to the complex nature of AI and shortage of AI professionals are restraining the growth of the market over the forecasting years.

  4. “Global Artificial Intelligence as a Service (AIaaS) is anticipated to grow at a CAGR of around 41.47% during the forecast period of 2019-2027.”

  5. The North American artificial intelligence as a service market is bifurcated into two major countries that include the United States and Canada. North America region holds the largest market share in the global AIaaS market in terms of revenue and is expected to grow at a CAGR of 41.40% during the forecasting years.

  6. The artificial intelligence as a services market trends of China, India, Japan, Australia, South Korea, Australia and the Rest of the Asia-Pacific are analyzed in the APAC region. The region is rapidly growing at a faster rate for artificial intelligence as a service market with 44.24% of CAGR during the forecast years.

  7. Europe artificial intelligence as a service market is anticipated to rise with a CAGR of 39.23% during the forecast period 2019-2027. Wider adoption of cloud computing by numerous industries and the subsequent support that it provides to AI market by providing the required information for the learning processes is acting as an important driver for the Europe artificial intelligence as a service market.

  8. The market has several key market players that are using strategic means to gain an edge in the dynamic market, which include like Alphabet Inc. (Google LLC), Amazon.Com, Inc. (Amazon Web Services, Inc.), Apple Inc., CognitiveScale, Inc., Fair Isaac Corporation, International Business Machines, Microsoft Corporation, Salesforce.com, Inc., SAP SE Software Company, Intel, Absolutdata, DataRobot, Inc., Centurysoft, BigML Inc. and Fuzzy.ai.

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