Press release
Global Artificial Intelligence as a Service Market Growth USD 95.51 Bn in 2028 Growing At A CAGR Of 40.2%
Global Artificial Intelligence As A Service Market Was Estimated At USD 8.97 Billion in 2021, And is Projected To Reach USD 95.51 Billion By 2028, Growing At A CAGR Of 40.2 % Over The Analysis Period.
With the help of artificial intelligence as a service (AIaaS), people and organizations may scale and experiment with AI methods at a reasonable cost. AI helps organizations in many ways, including enhancing customer experiences and automating repetitive work. Nevertheless, creating internal AI-based solutions takes time and money. Because of this, companies are avidly adopting AIaaS, a model in which third parties offer ready-to-use AI services. Companies offering potential customers out-of-the-box AI services are known as providing artificial intelligence as a service (AIaaS).
The Artificial Intelligence As A Service Market Report Includes Players Such As:
Google LLC,Amazon Web Services,Apple Inc.,Baidu,BigML,BMC,CognitiveScale Inc.,Fair Isaac Corporation,IBM Corporation,Intel Corporation,Deloitte,Microsoft Corporation,Oracle Corporation,Salesforce Inc.,SAP SE and Other Major Players
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Market Dynamics:
Driver:
AIaaS providers offer cost-effective solutions compared to developing and maintaining an in-house AI infrastructure. These providers leverage cloud computing platforms, enabling businesses to access AI capabilities without significant upfront investments in hardware, software, and expertise. The affordability of AIaaS solutions has made them accessible to a wide range of businesses, including small and medium-sized enterprises (SMEs), driving market growth. Also, With the proliferation of data across industries, organizations are looking for ways to effectively manage and derive insights from large datasets.
Opportunities:
As the global population ages, there is a rising demand for healthcare services and solutions to address the unique needs of the elderly population. AI technologies can play a crucial role in improving healthcare outcomes, enabling early detection of diseases, providing personalized treatment plans, and enhancing patient care. AI algorithms can analyze vast amounts of medical data, such as electronic health records, medical imaging, and genomics, to assist healthcare professionals in making accurate diagnoses and treatment decisions. The healthcare industry's increasing reliance on AI creates a substantial opportunity for AIaaS providers to offer specialized AI solutions tailored to the healthcare sector.
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Market Segments
By Type
• Software Tools
• Services
By Technology
• Natural Language Processing
• Machine Learning & Deep Learning
• Others
By End-Use Industry
• BFSI
• Government & Defense
• Healthcare & Life Sciences
• Telecommunications
• Retail
• Others
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Market Segment by Regions and Countries Level Analysis:
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
Key Industry Development In The Artificial Intelligence as a Service Market
In April 2021, Deloitte unveiled ReadyAI, a comprehensive portfolio of capabilities and services designed to help organizations in accelerating and scaling their artificial intelligence (AI) projects. ReadyAI combines skilled AI specialists with managed services in a flexible AI-as-a-service model designed to assist clients in scaling AI across their organizations.
Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures And Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?
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https://introspectivemarketresearch.com/reports/software-testing-tool-market/
https://introspectivemarketresearch.com/reports/enterprise-asset-management-eam-market/
https://introspectivemarketresearch.com/reports/agricultural-robots-market/
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Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
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