GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET FORECAST 2019-2027

  • You are here:
  • Home
  • Reports
  • GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET FORECAST 2019-2027

GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET FORECAST 2019-2027

Artificial Intelligence as a Service (AIaaS) is the third party offering of artificial intelligence (AI) outsourcing. AI as a service allows individuals and companies to experiment with AI for various purposes, without large initial investment and with lower risk. Experimentation can allow the sampling of multiple public cloud platforms to test different machine learning algorithms. The global Artificial Intelligence As A Service Market is estimated to grow with 41.47% CAGR during the year 2019-2027

GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET FORECAST 2019-2027

Global  Artificial Intelligence as a Service Market by Technology (Machine Learning, Computer Vision, Natural Language Processing, Other) by Organization Size (Small and Medium Enterprise, Large Enterprise) by Industrial Verticals (Banking Finance and Service Industry, Information Technology & Telecom, Retail, Manufacturing, Public Sector, Energy and Utilities, Healthcare, Others) & by Grography.

Request free sample

Artificial Intelligence as a Service (AIaaS) is the third party offering of artificial intelligence (AI) outsourcing. AI as a service allows individuals and companies to experiment with AI for various purposes, without large initial investment and with lower risk. Experimentation can allow the sampling of multiple public cloud platforms to test different machine learning algorithms. The global Artificial Intelligence As A Service Market is estimated to grow with 41.47% CAGR during the year 2019-2027. The base year considered for the study is 2018 and the estimated period is from 2019 to 2027. The growth of this market is driven by the factors mentioned below:

  • Growing cloud computing market
  • Barriers for developing artificial intelligence by own
  • Unexplored markets for artificial intelligence

Artificial Intelligence as a Service Market

To know more about this report, request a free sample copy

The most important driver is the growing cloud computing market. The cloud technology can provide additional support with the required information for the learning processes to the AI, while AI can help cloud by providing information that can offer more data. AI is capable of streamlining the immense capacities of the cloud. It equips cloud technology with enormous powers. It enables the machines to act, react, think and learn in the manner human beings do. AI assists different machines in learning and analyzing the historical data, making decisions and identifying the patterns. Such a process helps in eradicating the chances of human errors. Therefore, AI enhances the process of decision making of various organizations. From the above factors we can understand, the cloud computing and artificial intelligence are complementing each other’s strengths. Hence, the increase in adoption of cloud computing technology along with the usage of social media platforms has been driving the growth of the AIaaS market.

The largest segmentation by technology is the machine learning. Machine learning is a particular approach to artificial intelligence. Machine learning platform such as supervised machine learning algorithms, unsupervised machine learning algorithms, reinforcement machine learning algorithms, etc. majorly focuses on the development of computer programs to access data and further use it for self-learning. The global machine learning market is primarily driven by the technological advancements during the forecast period. For instance, according to the Royal Society (United Kingdom), advanced machine learning algorithms are now able to perform tasks at a much higher level, can access more amount of data, possess advanced algorithms, etc. The fastest growing segment by technology is natural language processing. Natural language processing (NLP) technology is the ability of computers to extract meanings and generate human-readable text. The NLP system manipulates text and automatically identifies the respective places and people in a document, tabulating the terms and conditions in a set of human-readable contracts. Semantic research is a prime opportunity for NLP, which is estimated to enable non-subject matter experts to gain relevant and insightful answers to the queries that are generated by using only NLP.

The restraints and challenges of Artificial Intelligence as a Service market are AI professional shortage, lack of confidence because of its complex nature, lack of computing power and the requirement of careful programming. The most important restraint is AI professional shortage. As the democratization of AI and deep learning applications expands, the demand for AI professionals to do the work has ballooned as well. The C-suite and corporate management’s excitement for AI’s various applications are building and then once they have bought into the concept, they want to make it real right away. A recent Ernst & Young poll that confirmed 56% of senior AI professionals believed the lack of qualified AI professionals was lodging as the single biggest barrier to AI implementation across business operations. Another reason for the AI skills crisis is that the academic and training programs can’t keep up with the pace of innovation and discoveries through AI. Not only do AI professionals need official training, but they also need on-the-job experience. Therefore, there aren’t enough experienced AI professionals available.

The report on global Artificial Intelligence as a Service includes segmentation on the basis of technology, organization size and industry verticals.

By technology is sub-segmented into:

  • Machine learning
  • Computer vision
  • Natural language processing
  • Other

By organization size is sub-segmented into:

  • Small and medium enterprise
  • Large enterprise

By industry verticals are sub-segmented into:

  • Banking finance and service industry
  • Information technology & telecom
  • Retail
  • Manufacturing
  • Public sector
  • Energy and utilities
  • Healthcare
  • Others

Geographically, the global Artificial Intelligence as a Service market has been segmented on the basis of four major regions, which includes:

North America holds the largest share in the AIaaS market. North America region includes countries such as the United States and Canada. The region is one of the biggest markets for cognitive computing, owing to the presence of numerous large industries and IT infrastructure, which has contributed to the growth of the market in this region. The government regulations regarding the data security is expected to be a prime driver in the North American artificial intelligence as a service market. Moreover, services for security information and cloud application are also expected to drive the market.

The Asia Pacific is the fastest growing region in AIaaS market, where the artificial intelligence market is developing and expanding at a significant pace, mainly driven by the countries, including China, India, Japan, Australia and Rest of the Asia-Pacific. The Asia-Pacific artificial intelligence market is on the upsurging trend, owing to the establishment of startups, enhancing adoption of artificial intelligence by both the private and public sectors along with the investments made considering the innovation and development of artificial intelligence by the governments.

The major market players of the global Artificial Intelligence as a Service market are:

  • Amazon
  • Microsoft
  • Alphabet Inc. (Google)
  • Fair Isaac Corporation
  • International Business Machines
  • Apple
  • Others

Company profiles cover analysis of important players. These companies are using organic and inorganic strategies for growth. For instance, in November 2018, AWS Key Management Service (KMS) offered a standalone console that simplifies the process of managing encryption keys. In August 2018, Amazon established a partnership with the ministry of water resources of India to expand its accurate flood prediction services for an accurate flood prediction and warning system, with the help of artificial intelligence and machine learning. In March 2018, Apple, Inc. established a partnership with IBM to develop a mobile AI solution. In July 2018, Metrobank Card Corporation (MCC), one of the largest payment solution providers in the Philippines has adopted FICO Customer Communication Services (CCS) to automate its collections and achieve scale as its business grew rapidly.

Key Findings of the global Artificial Intelligence as a Service market.

  • Banking and finance is expected to be the fastest growing industry vertical
  • Artificial intelligence is disrupting many industries
  • Hardware architectures are the key to cloud computing
  • End-to-end solutions are important for maintaining a competitive edge

  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • BANKING AND FINANCE IS EXPECTED TO BE THE FASTEST GROWING INDUSTRY VERTICAL
      • ARTIFICIAL INTELLIGENCE IS CREATING DISRUPTION IN MANY INDUSTRIES
      • HARDWARE ARCHITECTURES IS THE KEY FOR CLOUD COMPUTING
      • END-TO-END SOLUTIONS IS IMPORTANT FOR MAINTAINING COMPETITIVE EDGE
  1. MARKET DYNAMICS
    • HISTORY OF ARTIFICIAL INTELLIGENCE
    • PARENT MARKET ANALYSIS: ARTIFICIAL INTELLIGENCE
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • GROWING CLOUD COMPUTING MARKET
      • BARRIERS FOR DEVELOPING ARTIFICIAL INTELLIGENCE BY OWN
    • MARKET RESTRAINTS
      • AI INTELLIGENCE PROFESSIONAL SHORTAGE
      • LACK OF CONFIDENCE BECAUSE OF ITS COMPLEX NATURE
    • MARKET OPPORTUNITIES
      • UNEXPLORED MARKETS FOR ARTIFICIAL INTELLIGENCE
      • INCREASED APPLICATION AREAS
      • ANALYTICAL SOLUTIONS SHOW GROWING TRENDS
    • MARKET CHALLENGES
      • LACK OF COMPUTING POWER
      • CAREFUL PROGRAMMING REQUIRED
  1. MARKET BY TECHNOLOGY
    • MACHINE LEARNING
    • COMPUTER VISION
    • NATURAL LANGUAGE PROCESSING
    • OTHER
  2. MARKET BY ORGANIZATION SIZE
    • SMALL AND MEDIUM ENTERPRISE
    • LARGE ENTERPRISE
  3. MARKET BY INDUSTRY VERTICALS
    • BANKING FINANCE AND SERVICE INDUSTRY
    • INFORMATION TECHNOLOGY & TELECOM
    • RETAIL
    • MANUFACTURING
    • PUBLIC SECTOR
    • ENERGY AND UTILITIES
    • HEALTHCARE
    • OTHERS
  4. KEY ANALYTICS
    • PORTERS FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • APPLICATION
      • TECHNOLOGY
      • INTEGRATION WITH EXISTING INFRASTRUCTURE
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
      • DATA WAREHOUSE
      • ARTIFICIAL INTELLIGENCE ANALYSIS
      • SOFTWARE DEVELOPMENT
    • LEGAL, POLICY & REGULATORY FRAMEWORK
  5. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • GERMANY
      • UNITED KINGDOM
      • FRANCE
      • ITALY
      • SPAIN
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPETITIVE LANDSCAPE
    • MARKET SHARE ANALYSIS
    • KEY COMPANY ANALYSIS
      • GOOGLE, INC.
      • INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
      • MICROSOFT CORPORATION
      • APPLE INC.
      • INTEL CORPORATION
    • COMPANY PROFILES
      • ALPHABET INC. (GOOGLE LLC)
      • AMAZON.COM, INC. (AMAZON WEB SERVICES, INC.)
      • APPLE INC.
      • COGNITIVESCALE, INC.
      • FAIR ISAAC CORPORATION
      • INTERNATIONAL BUSINESS MACHINES
      • MICROSOFT CORPORATION
      • COM, INC.
      • SAP SE
      • INTEL
      • ABSOLUTDATA
      • DATAROBOT, INC.
      • CENTURYSOFT
      • BIGML
      • FUZZY.AI

 

LIST OF TABLES

TABLE 1:      GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2:      GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY TECHNOLOGY, 2019-2027, (IN $ MILLION)

TABLE 3:      GLOBAL MACHINE LEARNING MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 4:      GLOBAL COMPUTER VISION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 5:      GLOBAL NATURAL LANGUAGE PROCESSING MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6:      GLOBAL OTHER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 7:      GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2019-2027, (IN $ MILLION)

TABLE 8:      GLOBAL SMALL AND MEDIUM ENTERPRISE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 9:      GLOBAL LARGE ENTERPRISE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 10:    GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY INDUSTRY VERTICALS, 2019-2027, (IN $ MILLION)

TABLE 11:    GLOBAL BANKING FINANCE AND SERVICE INDUSTRY MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 12:    GLOBAL INFORMATION TECHNOLOGY AND TELECOM MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 13:    GLOBAL RETAIL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 14:    GLOBAL MANUFACTURING MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 15:    GLOBAL PUBLIC SECTOR MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 16:    GLOBAL ENERGY AND UTILITIES MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 17:    GLOBAL HEALTHCARE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 18:    GLOBAL OTHERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 19:    OPPORTUNITY MATRIX

TABLE 20:    VENDOR LANDSCAPE

TABLE 21:    LEGAL, POLICY & REGULATORY FRAMEWORK

TABLE 22:    GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 23:    NORTH AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 24:    EUROPE ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 25:    ASIA PACIFIC ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 26:    REST OF WORLD ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

 

LIST OF FIGURES

FIGURE 1:    GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY TECHNOLOGY, 2018 & 2027 (IN %)

FIGURE 2:    GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY MACHINE LEARNING, 2019-2027 (IN $ MILLION)

FIGURE 3:    GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY COMPUTER VISION, 2019-2027 (IN $ MILLION)

FIGURE 4:    GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY NATURAL LANGUAGE PROCESSING, 2019-2027 (IN $ MILLION)

FIGURE 5:    GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY OTHER, 2019-2027 (IN $ MILLION)

FIGURE 6:    GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY SMALL AND MEDIUM ENTERPRISE, 2019-2027 (IN $ MILLION)

FIGURE 7:    GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY LARGE ENTERPRISE, 2019-2027 (IN $ MILLION)

FIGURE 8:    GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY BANKING FINANCE AND SERVICE INDUSTRY, 2019-2027 (IN $ MILLION)

FIGURE 9:    GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY INFORMATION TECHNOLOGY AND TELECOM, 2019-2027 (IN $ MILLION)

FIGURE 10:  GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY RETAIL, 2019-2027 (IN $ MILLION)

FIGURE 11:  GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY MANUFACTURING, 2019-2027 (IN $ MILLION)

FIGURE 12:  GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY PUBLIC SECTOR, 2019-2027 (IN $ MILLION)

FIGURE 13:  GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY ENERGY AND UTILITIES, 2019-2027 (IN $ MILLION)

FIGURE 14:  GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)

FIGURE 15:  GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 16:  PORTER’S FIVE FORCE ANALYSIS

FIGURE 17:  KEY BUYING CRITERIA

FIGURE 18:  VALUE CHAIN ANALYSIS

FIGURE 19:  GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 20:  UNITED STATES ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21:  CANADA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22:  GERMANY ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23:  UNITED KINGDOM ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24:  FRANCE ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25:  ITALY ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26:  SPAIN ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27:  RUSSIA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28:  REST OF EUROPE ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29:  CHINA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30:  JAPAN ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31:  INDIA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32:  SOUTH KOREA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33:  AUSTRALIA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34:  REST OF ASIA PACIFIC ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35:  LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 36:  MIDDLE EAST & AFRICA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 37:  MARKET SHARE ANALYSIS OF KEY PLAYERS IN 2018 (IN %)

  1. MARKET BY TECHNOLOGY
    • MACHINE LEARNING
    • COMPUTER VISION
    • NATURAL LANGUAGE PROCESSING
    • OTHER
  2. MARKET BY ORGANIZATION SIZE
    • SMALL AND MEDIUM ENTERPRISE
    • LARGE ENTERPRISE
  3. MARKET BY INDUSTRY VERTICALS
    • BANKING FINANCE AND SERVICE INDUSTRY
    • INFORMATION TECHNOLOGY & TELECOM
    • RETAIL
    • MANUFACTURING
    • PUBLIC SECTOR
    • ENERGY AND UTILITIES
    • HEALTHCARE
    • OTHERS
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • GERMANY
      • UNITED KINGDOM
      • FRANCE
      • ITALY
      • SPAIN
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

To request a free sample copy of this report, please complete the form below :

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

Choose License Type

Buy Now