The Global Artificial Intelligence as a Service Market is expected to rise at annual rate 35.30% in the forecast period of 2021 to 2028, and is estimated to reach the value of USD 49.33 billion due to the increase in demand for AI-powered services in the form of API and SDK.
On the other hand, lack of skilled employees and sensitivity involved with security of data are expected to obstruct the market growth in the above mentioned forecast period. The lack of regulatory standards is projected to challenge the artificial intelligence as a service market.
Artificial Intelligence as a Service Market Scenario
According to Data Bridge Market Research the markets for the artificial intelligence as a service market is escalating due to the high demand for predictive and smart automation in business processes, and rise in adoption of artificial intelligence technology in various IoT devices by electronic manufactures. Additionally, rapid digitization and increase in adoption of advanced commodity services such as software as a service (SaaS) positively affect the artificial intelligence as a service market.
Furthermore, rise in need for intelligent business applications and high demand for AI service integrators extend profitable opportunities to the market players.
Now the question is which are the other regions that artificial intelligence as a service market is targeting? Data Bridge Market Research has estimated Asia-Pacific is expected to witness significant growth in the forecast period of 2021 to 2028 owning to the increase in penetration of IT services and solutions and rise in e-commerce activity in the region.
For more analysis on artificial intelligence as a service market, request for a briefing with our analysts, https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-artificial-intelligence-as-a-service-market
Artificial Intelligence as a Service Market Scope
The artificial intelligence as a service market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
- All country-based analysis artificial intelligence as a service market is further analyzed based on maximum granularity into further segmentation. The artificial intelligence as a service market on the basis of technology has been segmented into machine learning and deep learning and natural language processing. On the basis of cloud, the artificial intelligence as a service market is segmented into public, private and hybrid. The artificial intelligence as a service market is segmented on the basis of service type into software tools and services. On the basis of enterprise size, the artificial intelligence as a service market is segmented into small and medium enterprises and large enterprises. The end user segment of the artificial intelligence as a service market is segmented into banking, financial services, and insurance, healthcare and life sciences, telecommunication, retail, government and defense, manufacturing, energy and others.
- Artificial intelligence as a service generally refers to companies that provide out-of-the-box AI solutions.
To know more about the study, please click on the below mentioned link, https://www.databridgemarketresearch.com/reports/global-artificial-intelligence-as-a-service-market
Key Pointers Covered in the Artificial Intelligence as a Service Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Regulatory Framework and Changes
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the report
- IBM
- Microsoft
- Salesforce
- Amazon Web Services, Inc.
- FICO, SAS Institute, Inc.
- IRIS AI
- SAP SE
- BigML, Inc.
- Absolutdata
- Rainbird Technologies Ltd.
- Sift
- Intel Corporation
- Centurysoft
- Qualcomm
- Siemens
- Next IT Corp
- DataRobot, Inc.
- Yottamine Analytics Inc.
Above are the key players covered in the report, to know about more and exhaustive list of company artificial intelligence as a service companies contact, https://www.databridgemarketresearch.com/toc/?dbmr=global-artificial-intelligence-as-a-service-market
Research Methodology: Global Artificial Intelligence as a Service Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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