Artificial Intelligence as a Service (AIaaS) Market
The Artificial Intelligence as a Service (AIaaS) Market size is estimated to grow from USD XX Billion in 2020 to USD 59.6 Billion by 2027, growing at a CAGR of 51.2% during the forecast year from 2021 to 2027.
The Latest released survey report on Global Artificial Intelligence as a Service (AIaaS) Market aims to deliver an in-depth outline regarding the trends and market development scenario to outpace market with relevant strategies. To drive profitable and sustainable growth, Artificial Intelligence as a Service (AIaaS) manufacturers need to develop strategies to appeal to consumers and leverage technology to enhance end users experience. A wide list of manufacturers are considered in the survey with company profiling of Microsoft Corporation, Google LLC, Amazon Web Services, Inc., IBM Corporation, BigML Inc, DATAIKU SAS, Salesforce.com Inc., SAS Institute Inc, Oracle Corporation, H2O.Ai Inc, and Craft.AI.
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Market Research Methodology:
We define the research problem: The step defining the research problem exists of two main steps:
• Formulating the problem
• Establishing research objectives
Selecting and Establishing Research Design:
The step selecting and establishing research design consists of three main steps:
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• Determine and design research instrument
MarketDigits offers four types of research design:
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• Quantitative research
• Causal research
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Artificial Intelligence as a Service (AIaaS) Market: Brief Account
The global AIaaS market is predicted to gather pace in terms of growth as it registers a healthy CAGR during the forecast period 2021-2027. Well-established tech companies such as Microsoft, IBM, and Google offer AI services alongside their technology services in order to stay competitive in the industry. They realize that offering AI tools and software is not enough to maintain their supremacy in the technology world. Other software or professional service firms may partner with AI solutions providers to expand their customer base. In this regard, it could be said that the demand in the global AIaaS market will increase in the next few years.
The global AIaaS market could see classifications as per type of end-use industry, organization size, and technology. Among technologies, machine learning is anticipated to significantly increase the demand in the global AIaaS market.
The report presented here takes into account the rise and slow growth of the AIaaS market in different regions and important factors responsible for its growth. It also brings to light the nature of competition and how players are competing against each other in the global AIaaS market.
Artificial Intelligence as a Service (AIaaS) Market: Trends and Opportunities
The global AIaaS market is prognosticated to gain from the rise in the demand for cognitive computing and artificial intelligence. In addition, the increasing adoption of cloud-based solutions could create ample of opportunities in the global AIaaS market. AIaaS vendors are also prophesied to bank on the rising demand for sophisticated analytical systems and advanced workflow optimization. Furthermore, the global AIaaS market could take advantage of the increased spending on AI to extend its presence in key end-use industries.
However, the global AIaaS market is envisaged to suffer from the lack of trained professionals. Nevertheless, there could be profit-making opportunities birthed in the global AIaaS market due to the increase in IoT demand and rising number of applications.
Artificial Intelligence as a Service (AIaaS) Market: Regional Analysis
North America is projected to rank higher in the AIaaS market on the basis of revenue share. Availability of IT infrastructure and heavy presence of large enterprises in the region could catapult the AIaaS market in North America. High demand for AI could be another factor augmenting the demand in the North America AIaaS market.
Asia Pacific is also envisioned to become a prominent region for AIaaS market because of the rise of the IT and telecom industry. Nonetheless, there could also be strong demand for AIaaS arising from other industries such as healthcare, retail, and BFSI. The Asia Pacific AIaaS market is forecast to grow at a quick pace in the coming years.
Artificial Intelligence as a Service (AIaaS) Market: Companies Mentioned
The global AIaaS market witnesses the presence of top players such as Apple Inc., IBM Corporation, and Alphabet Inc. Collaborations, acquisitions, and new product launches could be highly adopted in the global AIaaS market as powerful growth tactics. Nevertheless, players may also focus on developing services to gain a competitive edge in the global AIaaS market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in MarketDigitsreports, recent market/vendor-specific changes may take time to reflect in the analysis.
This study by MarketDigits is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at MarketDigits adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by MarketDigits are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at MarketDigits helps you break down the complex scenario and bring resiliency in uncertain times.
This report would help you answer the following questions:
1. What is the market size and forecast of the Global Artificial Intelligence as a Service (AIaaS) Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Artificial Intelligence as a Service (AIaaS) Market during the forecast period?
3. Which region outstands in the Global Artificial Intelligence as a Service (AIaaS) Market?
4. Which are the segments to invest in over the forecast period in the Global Artificial Intelligence as a Service (AIaaS) Market?
5. What is the competitive strategic window for opportunities in the Global Artificial Intelligence as a Service (AIaaS) Market?
6. What are the technology trends and regulatory frameworks in the Global Artificial Intelligence as a Service (AIaaS) Market?
7. What are the major company in the Global Artificial Intelligence as a Service (AIaaS) Market?
Table of Contents:
2 Research Methodologies
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Compliance in Artificial Intelligence as a Service (AIaaS) Market
8 Artificial Intelligence as a Service (AIaaS) Market, By Service
9 Artificial Intelligence as a Service (AIaaS) Market, By Deployment Type
10 Artificial Intelligence as a Service (AIaaS) Market, By Organization Size
11 Artificial Intelligence as a Service (AIaaS) Market Analyses, By Vertical
12 Geographic Analyses
Middle East & Africa
13 Competitive Landscapes
14 Detailed Company Profiles
15 Related Reports
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This release was published on openPR.