Artificial Intelligence (AI) as a Service Market: Industry Size, Share Trends, Growth, Demand, Opportunities and Forecast

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Data Bridge Market Research analyses that the artificial intelligence (AI) as a service market will exhibit a CAGR of 36.72% for the forecast period of 2021-2028 and is expected to reach the market value of USD 71,588.57 million by 2028.

Artificial intelligence (AI) as a service accounts as a third-party offering to subcontract artificial intelligence. It lets companies or the end users to experiment with AI across numerous purposes by limiting the initial investment and with lower risk.

The high adoption of cloud-based applications and services and big data is the major factor accelerating the growth of the artificial intelligence (AI) as a service market. Furthermore, the new developments in technology, high demand for AI-Powered services in the form of Api and Sdk, rise in the number of innovative startups and high investment in industrial automation are also expected to drive the growth of the artificial intelligence (AI) as a service market. However, the lack of skilled employees and dearth of skilled and experienced staff restrains the artificial intelligence (AI) as a service market, whereas, the sensitivity involved with security of data will challenge artificial intelligence (AI) as a service market growth.

In addition, increasing need for intelligent business applications and the high demand for AI service integrators will create ample opportunities for the artificial intelligence (AI) as a service market.

This artificial intelligence (AI) as a service market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on artificial intelligence (AI) as a service market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Artificial Intelligence (AI) as a Service Market Scope and Market Size

The artificial intelligence (AI) as a service market is segmented on the basis of cloud, technology, service type, organization size and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

On the basis of cloud, the artificial intelligence (AI) as a service market is segmented into public, private and hybrid.
Based on technology, the artificial intelligence (AI) as a service market is segmented into machine learning (ML) and deep learning, and natural language processing (NLP).
On the basis of service type, the artificial intelligence (AI) as a service market is segmented into software tools and services. Software tools are further segmented into data storage and archiving, modeler and processing, cloud and web-based application programming interface (APIs) and others. Others are further sub-segmented into model validator, decision report/predictor/training, and report storage. Services are further segmented into professional services and managed services.
On the basis of organisation size, the artificial intelligence (AI) as a service market is segmented into small and medium enterprise, large enterprise.
On the basis of end user, the artificial intelligence (AI) as a service market is segmented into BFSI, retail, healthcare, IT and telecommunication, manufacturing, and energy.

The major players operating in the artificial intelligence (AI) as a service market report are Advanced Micro Devices, Inc., Aicure, LLC, Arm, Ltd., Atomwise, Inc., AYASDI AI LLC, Baidu Inc., ClariFI, Inc., Cyrcadia Health, Enlitic, Inc., H2O.ai, Google LLC, Hyperverge Inc., IBM, Intel Corporation, IRIS AI AS, Lifegraph Ltd., Microsoft, Nividia Corporation, Sensley Inc., and Zebra Medical Vision, Inc., among others.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Artificial Intelligence (AI) as a Service Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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