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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.
Artificial Intelligence as a Service Market Share, Growth, Trends & Forecast Report 2019-2027
ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET FORECAST 2018-2026
• 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
• 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.
“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.”
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.
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
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.
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.