Global Artificial Intelligence (AI) as a Service Market is forecasted to grow at a rate of 45.6% from USD 1.73 Billion in 2019 to USD 34.1 Billion in 2027, according to a new report by Reports and Data. AI as a service (AIaaS) is an artificial intelligence outsourcing service that is provided by a third party to enables big organizations and SMEs to explore growth avenues without high investment for initial installation. Most smart vendors, be it consultants, software firms, or professional service firms, partner with or offer organizations that can offer a full suite of services to help support a large-scale Artificial Intelligence solution. Major tech giants, such as IBM, Microsoft, Google, and other leading players, have aggressively implemented Artificial Intelligence solutions and services as an important part of their technologies.
The report is generated according to the latest economic landscape in tune with the COVID-19 crisis. The pandemic has affected the global economic scenario, and the report provides details about its impact on the overall industry. The report also mentions the current and future impact of COVID-19 on the market.
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The report explores and studies the production, consumption, revenue share and estimation, market share and size, and growth rate in the following major geographical locations: North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. The Artificial Intelligence (AI) as a Service market report summarizes details such as market share of the regions, consumer demand and patterns of each region, revenue estimations, expected growth rate, and which segment will dominate the market in the forecast years.
The competitive scenario segment of the report focuses on company overview, total revenue, market potential, market share, growth rate, global presence, estimated revenue, products and services offered, and business strategies adopted. Significant players operating in the global Artificial Intelligence (AI) as a Service market are evaluated by considering market share, growth rate, revenue share, and product markets. The report focuses on a detailed explanation of competition, market growth size, margins, market shares, revenue estimation, business strategies and opportunities, mergers and acquisitions, sales, industry insights, and key factors.
Key Players Profiled in the Report are:
IBM, Microsoft, Amazon, Google, FICO, SAS Institute, IRIS AI, Salesforce, Mighty.AI, and Craft.AI.
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For the purpose of this report, Reports and Data has segmented the global Artificial Intelligence (AI) as a Service market based on service type, technologies type, organizational size type, deployment mode type, end-user, end-user ownership type, application type, and region:
Service Type Outlook (Revenue, USD Billion; 2017-2027)
- Managed Services
- Professional Services
- Web-Based and Cloud Application Programming Interface
- Processing and Modeler
- Archiving and Data Storage
Technologies Type Outlook (Revenue, USD Billion; 2017-2027)
- Machine Learning and Deep Learning
- Natural Language Processing
- Computer Vision
Organizational Size Type Outlook (Revenue, USD Billion; 2017-2027)
- Large Enterprises
- Small and Medium-Sized Enterprises
Deployment Mode Type Outlook (Revenue, USD Billion; 2017-2027)
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End-User Type Outlook (Revenue, USD Billion; 2017-2027)
- Healthcare and Life Sciences
- Banking, Financial Services, and Insurance
- Government and Defense
End-User Ownership Type Outlook (Revenue, USD Billion; 2017-2027)
Application Type Outlook (Revenue, USD Billion; 2017-2027)
- Fraud Detection
- Data Analytics & Visualization
- Customer Service and management
- Risk Management
- Compliance & Security
To summarize, the report titled ‘Global Artificial Intelligence (AI) as a Service Market’ provides a detailed report of the market by extensive research about the companies involved, current market status, drivers and constraints, and current and future COVID-19 oriented scenario. The study explores the historical years to provide insights into market estimation and fruitful opportunities for key players and new ventures.
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Key insights presented in the report:
- Market revenue shares by major business players, by type, application, and market scope of global Artificial Intelligence (AI) as a Service market
- Sales revenue by key players and new entrants
- Competitive analysis of key players, including company overview, product or services specification, vendors, and buyers.
- Recent mergers, acquisitions, product launches, recent investments, and joint ventures
- Regional analysis to provide insight into recent trends and opportunities
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