The Artificial Intelligence as a Service (AIaaS) Market size is estimated to grow from USD XX Billion in 2020 to USD 59.6 Billion by 2027, growing at a CAGR of 51.2% during the forecast year from 2021 to 2027. Latest […]
The Artificial Intelligence as a Service (AIaaS) Market size is estimated to grow from USD XX Billion in 2020 to USD 59.6 Billion by 2027, growing at a CAGR of 51.2% during the forecast year from 2021 to 2027.
Latest added Artificial Intelligence as a Service (AIaaS) Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2027. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are Microsoft Corporation, Google LLC, Amazon Web Services, IBM Corporation, BigML, DATAIKU SAS, Salesforce.com, SAS Institute, Oracle Corporation. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
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This report studies the Artificial Intelligence as a Service (AIaaS) Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Artificial Intelligence as a Service (AIaaS) Market by companies, region, type and end-use industry.
Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “Artificial Intelligence as a Service (AIaaS) Market, By Deployment (Public, Private, Hybrid), Organization Size (Small and Medium Enterprise, Large Enterprise), End-user & Geography – Global Forecast To 2027”. Early buyers will get 10% customization on study.
To Avail deep insights of Artificial Intelligence as a Service (AIaaS) Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
Unlock new opportunities in Artificial Intelligence as a Service (AIaaS) Market; the latest release from MarketDigits highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.
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Artificial Intelligence as a Service (AIaaS) Market: Brief Account
The global AIaaS market is predicted to gather pace in terms of growth as it registers a healthy CAGR during the forecast period 2021-2027. Well-established tech companies such as Microsoft, IBM, and Google offer AI services alongside their technology services in order to stay competitive in the industry. They realize that offering AI tools and software is not enough to maintain their supremacy in the technology world. Other software or professional service firms may partner with AI solutions providers to expand their customer base. In this regard, it could be said that the demand in the global AIaaS market will increase in the next few years.
The global AIaaS market could see classifications as per type of end-use industry, organization size, and technology. Among technologies, machine learning is anticipated to significantly increase the demand in the global AIaaS market.
The report presented here takes into account the rise and slow growth of the AIaaS market in different regions and important factors responsible for its growth. It also brings to light the nature of competition and how players are competing against each other in the global AIaaS market.
Artificial Intelligence as a Service (AIaaS) Market: Trends and Opportunities
The global AIaaS market is prognosticated to gain from the rise in the demand for cognitive computing and artificial intelligence. In addition, the increasing adoption of cloud-based solutions could create ample of opportunities in the global AIaaS market. AIaaS vendors are also prophesied to bank on the rising demand for sophisticated analytical systems and advanced workflow optimization. Furthermore, the global AIaaS market could take advantage of the increased spending on AI to extend its presence in key end-use industries.
However, the global AIaaS market is envisaged to suffer from the lack of trained professionals. Nevertheless, there could be profit-making opportunities birthed in the global AIaaS market due to the increase in IoT demand and rising number of applications.
Artificial Intelligence as a Service (AIaaS) Market: Regional Analysis
North America is projected to rank higher in the AIaaS market on the basis of revenue share. Availability of IT infrastructure and heavy presence of large enterprises in the region could catapult the AIaaS market in North America. High demand for AI could be another factor augmenting the demand in the North America AIaaS market.
Asia Pacific is also envisioned to become a prominent region for AIaaS market because of the rise of the IT and telecom industry. Nonetheless, there could also be strong demand for AIaaS arising from other industries such as healthcare, retail, and BFSI. The Asia Pacific AIaaS market is forecast to grow at a quick pace in the coming years.
Artificial Intelligence as a Service (AIaaS) Market: Companies Mentioned
The global AIaaS market witnesses the presence of top players such as Apple Inc., IBM Corporation, and Alphabet Inc. Collaborations, acquisitions, and new product launches could be highly adopted in the global AIaaS market as powerful growth tactics. Nevertheless, players may also focus on developing services to gain a competitive edge in the global AIaaS market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in MarketDigitsreports, recent market/vendor-specific changes may take time to reflect in the analysis.
This study by MarketDigits is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at MarketDigits adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by MarketDigits are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at MarketDigits helps you break down the complex scenario and bring resiliency in uncertain times.
Some of the features of this Artificial Intelligence as a Service (AIaaS) Market report:
- Market size estimates: Artificial Intelligence as a Service (AIaaS) market size estimation in terms of value ($M) shipment.Trend and forecast analysis: Market trend (2015-2020) and forecast (2021-2027) by end use and use industry.
- Segmentation analysis: Artificial Intelligence as a Service (AIaaS) market size by application and headset in terms of value and volume shipment.
- Regional analysis: Artificial Intelligence as a Service (AIaaS) market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
- Growth opportunities: Analysis on growth opportunities in different applications and regions in the Artificial Intelligence as a Service (AIaaS) market.
- Strategic analysis: This includes M&A, new product development, and competitive landscape in the Artificial Intelligence as a Service (AIaaS) market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.
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