Artificial Intelligence as a Service Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Artificial Intelligence-as-a-Service (AIaaS) accounts as a third-party offering to outsource artificial intelligence. It allows companies or the end users to experiment with AI across various purposes by limiting the initial investment and with lower risk. Moreover, companies are trying to reduce their operational cost to increase profit margins, due to which Artificial Intelligence-as-a-Service (AIaaS) is gaining more prominence over the cloud. Notably, companies are more interested in cloud-based machine learning, which helps in experimenting with their offerings.

MARKET SCOPE

The "Global Artificial Intelligence as a Service Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the artificial intelligence as a service market with detailed market segmentation by service, technology, industry vertical, and geography. The report provides key statistics on the market status of the leading artificial intelligence as a service market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on service, the global artificial intelligence as a service market is segmented into professional services, managed services
  
•   On the basis of technology, the market is segmented into machine learning (ML), deep learning, natural language processing (NLP)
  
•   Based on industry vertical, the market is bifurcated into BFSI, government and defence, manufacturing, healthcare and life science, energy and utility, automotive and transportation, others
  

MARKET DYNAMICS

Drivers:

•   Growing Demand for AI-Powered Services in the Form of Api and Sdk.
  
•   Growing Number of Innovative Startups.
  

Restraints

•   Lack of Skilled Employees
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The artificial intelligence as a service market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the artificial intelligence as a service market in these regions.

IMPACT OF COVID-19 ON ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the artificial intelligence as a service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from artificial intelligence as a service market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the artificial intelligence as a service market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Amazon Web Services Inc.(Amazon.com, Inc.)
  
•   Dataiku
  
•   Fujitsu Ltd.
  
•   Google LLC
  
•   IBM Corporation
  
•   Intel Corporation
  
•   Microsoft Corporation
  
•   Salesforce.com Inc.
  
•   SAP SE
  
•   SAS Institute Inc.
  
  

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Artificial Intelligence as a Service Report Scope