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The global artificial intelligence as a service market size (AIaaS Market size) is expected to reach $77,047.7 million in 2025, from $2,397.2 million in 2017, growing at a CAGR of 56.7% from 2018 to 2025.
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Artificial Intelligence as a Service Market GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST 2017- 2025 KNOW MORE
CURRENT AND FUTURE MARKET SCENARIO • The global artificial intelligence as a service market was valued at $2,397.2 million in 2017. • The global artificial intelligence as a service market forecast is projected to reach $77,047.7 million in 2025. • The global artificial intelligence as a service marketregistering a CAGR of 56.7% from 2018 to 2025. • The machine learning segment is projected to grow at a CAGR of 55.9% during the forecast period. • In 2017, the IT & telecom segment dominated the global artificial intelligence as a service market, in terms of revenue, and is projected to grow at a CAGR of 57.4% during the forecast period.
FACTORS CONTRIBUTING TO MARKET GROWTH • Increased market for cloud computing • Growth associated with artificial intelligence and cognitive computing For more detail: Click Here
Artificial Intelligence as a Service Market Segmentation • By Technology • Machine Learning • Computer Vision • Natural Language Processing (NLP) • Others • By Organization Size • Small & Medium Enterprise • Large Enterprise • By Industry Vertical • BFSI • IT & Telecom • Retail • Manufacturing • Public Sector • Energy & Utility • Healthcare • Others
In 2017, the IT & telecom segment dominated the global artificial intelligence as a service market, in terms of revenue, and is projected to grow at a CAGR of 57.4% during the forecast period. The machine learning segment is projected to grow at a CAGR of 55.9% during the forecast period.
GEOGRAPHICAL OVERVIEW • Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • By region, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period. • North America is projected to be one of the fastest growing region in the artificial intelligence as a service market and is expected to witness high growth rate.
LEADING MARKET PLAYERS • Alphabet Inc. (Google Inc.) • Apple Inc. • Amazon • IBM Corporation • CognitiveScale, Inc. • Microsoft Corporation • Intel, Inc. • SAP SE • Salesforce, Inc. • Fair Isaac Corporation
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