Title: Global Artificial Intelligence as a Service Market
1- Global Artificial Intelligence as a Service
Market is expected to reach USD 20.2 Billion by
2024 from USD 1.25 Billion in 2016 at a CAGR of
48.9. This is a comprehensive global report
focused on the current and future prospects of
the global Artificial Intelligence as a Service
Market. This report is a consolidation of primary
and secondary research, which provides market
size, share, dynamics, and forecast for various
segments and - sub-segments considering the macro and micro
environmental factors. An in-depth analysis of
past trends, future trends, demographics,
technological advancements, and regulatory
requirements for the global Artificial
Intelligence as a Service Market has been done
in order to calculate the growth rates for each
segments and sub-segments. - The key driving factor for this market include
the rising adoption of the AI powered service in
the form of application and application
programming interface and the rapid growth in
the innovations of the service are the key growth
factors for this market in the forecast period. - The machine learning and deep learning technology
segment among the technology segment is
anticipated to hold the largest market share,
while the natural language processing technology
is projected to grow at a higher CAGR during the
forecast period. The natural language processing
technology has various features such as it is
capable of understanding user behaviors , that
is why it helps in delivering enhanced customer
experience. - Geographically, the Global Artificial
Intelligence as a Service Market has been
segmented into North America, Europe, Asia
Pacific, Middle East Africa and Latin America.
The swift growth of the market in the APAC region
is anticipated to dominate the market over the
forecast period majorly due to various factors,
such as growing awareness of AI as a service
among various verticals and growth of the massive
amount of data, due to the increasing use of
digital technologies are expected to make APAC a
high potential market for growth. - Global Artificial Intelligence as a Service
Market - The rapid growth demand for AI services
integrators in various sector and are also
creating opportunities across a wide range of
industries and vertical - Banking, Financial, and Insurance (BFSI)
- Retail
- Healthcare and Life Sciences
2- Government and defense
- Energy
- Others
- Key Highlights
- Complete analysis with respect to individual
growth trends are incorporated within the scope
of our study. - Assessment of market definition along with the
identification of key drivers, restraints
opportunities for this market - Comprehensive analysis of factors that are
instrumental in changing the market scenario,
prospective opportunities, market shares, growth
strategies along with identification of key
companies are profiled. - Detailed quantitative analysis of the current and
future trends for the forecast period has been
profiled. - Global Artificial Intelligence as a Service
Market analysis and segmentation with respect to
service type, software tool, service, technology,
organization size, vertical and geography. - Global Artificial Intelligence as a Service
Market analysis and forecast for five major
geographies- North America, Europe, Asia Pacific,
Middle East Africa and Latin America along
with their key regions - The years that have been considered for the study
are
Research Methodology The research methodology
used to forecast and estimate the Global
Artificial Intelligence as a Service Market was
done by collecting data about key vendor revenues
via secondary research, which includes databases
directories (Bloomberg BusinessWeek, DB
Hoovers, and Factiva). Vendor offerings have also
been considered in order to determine the market
segmentation. The bottom-up approach was
employed to estimate at the overall market size
of the Global Artificial Intelligence as a
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