Artificial Intelligence as a Service Market size was valued at USD 7.1 Bn. in 2022 and the total AI as a Service revenue is expected to grow by 40.3 % from 2023 to 2029, reaching nearly USD 75.97 Bn.

Artificial Intelligence as a Service Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Artificial Intelligence as a Service Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Artificial Intelligence as a Service market by thorough analysis, and projections are made up to 2029.

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Artificial Intelligence as a Service Market Scope and Methodology:

The Artificial Intelligence as a Service market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Artificial Intelligence as a Service market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.

Also, the research offers detailed insights into the dynamics of the Artificial Intelligence as a Service market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Artificial Intelligence as a Service market were developed. The study provides a thorough value chain analysis that clarifies the Artificial Intelligence as a Service production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Artificial Intelligence as a Service market on a global and micro level.

Artificial Intelligence as a Service Market Segmentation:

by Technology

Deep Learning
Machine Learning
Computer Vision
Natural Language Processing(NLP)

In the Artificial Intelligence as a Service Market, machine learning topped this category in 2022 and is predicted to grow throughout the course of the forecast period. Reinforcement machine learning, supervised machine learning, and unsupervised machine learning are some of the subcategories of machine learning. Machine Learning techniques, frameworks, and algorithms are applied to solve complicated problems more quickly. Regression analysis, classification, and clustering are employed in the development of data-accessing computer systems.

by Industry

BFSI
Retail
Manufacturing
Healthcare
Energy
Marketing
Robotics
Public Sector
Others

Throughout the projected period, growth is anticipated in the BFSI (Banking, Finance Services, and Insurance) category, which dominated the market in 2022. AI as a Service created the different growth opportunities that helped the BFSI industry. In the BFSI industry, artificial intelligence (AI) is used for chatbots, algorithm trading, client recommendations, credit card fraud detection, and other fraud detection. AI in finance also evaluates real-time activities. The market for artificial intelligence as a service is expanding thanks in large part to the retail sector. It is anticipated that sectors like robotics, healthcare, manufacturing, defense, energy, and telecommunications will expand. AI contributes to a decrease in infrastructure costs, a faster time to market, an improvement in business process time, and a rise in the demand for real-time data.

by Organization Size

Small Medium Enterprise
Large Enterprise

by Deployment

Public
Private
Community
Hybrid

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Artificial Intelligence as a Service Market Key Players:

1. IBM
2. Microsoft
3. Google
4. AWS
5. Baidu
6. SAS Institute
7. Siemens
8. SAP SE
9. Intel Corporation
10. Fair Isaac Corporation (FICO)
11. Salesforce, Inc.
12. BigML, Inc.
13. Oracle
14. Iris.AI
15. Craft.AI
16. Fuzzy.ai
17. RainBird Technologies
18. DataBricks
19. CenturySoft
20. DataRobot
21. Alibaba
22. Tencent
23. Dataiku
24. Yottamine Analytics
25. Cloudera
26. Meya.ai

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Artificial Intelligence as a Service Market Regional Insights :

The size and trends in the Artificial Intelligence as a Service market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).

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Key questions answered in the Artificial Intelligence as a Service Market are:

• What is Artificial Intelligence as a Service?
• What was the Artificial Intelligence as a Service market size in 2022?
• Which are the factors expected to drive the Artificial Intelligence as a Service market growth?
• Who are the leading companies and what are their portfolios in Artificial Intelligence as a Service Market?
• What growth strategies are the players considering to increase their presence in Artificial Intelligence as a Service?
• What are the upcoming industry applications and trends for the Artificial Intelligence as a Service Market?
• What will be the CAGR at which the Artificial Intelligence as a Service market will grow?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Artificial Intelligence as a Service Market?
• What are the different segments of the Artificial Intelligence as a Service Market?
• What is the growth rate of the Artificial Intelligence as a Service Market?
• What segments are covered in the Artificial Intelligence as a Service Market?
• Who are the key players in the Artificial Intelligence as a Service market?
• What are the key challenges and opportunities in the Artificial Intelligence as a Service market?
• Which application holds the highest potential in the Artificial Intelligence as a Service market?

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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
• 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
• Recommendations

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