Artificial Intelligence (AI) as a Service Market

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Artificial Intelligence (AI) as a Service Market
To Reach USD 33.07 Billion By 2026
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Market Summary
The rise in demand for Intelligent Business
Applications, increased requirement for
Integrators of AI Service, rise in investment of
cloud technology and AI resulted in boosting
Artificial Intelligence (AI) as a service
market. Market Size USD 1.62 Billion in 2018,
Market Growth - CAGR of 45.6, Market Trends The
rise in the demand for Intelligent Business
Applications The Global Artificial Intelligence
(AI) as a service market is forecast to reach USD
33.07 Billion by 2026, according to a new report
by Reports and Data. Artificial Intelligence (AI)
as a service market is considered to be a highly
lucrative market in the upcoming years. During
the forecast period, the market is observed to
experience considerable growth. The major factors
promoting the growth of the market is the drastic
rise in the adoption of cloud-based solutions and
the hiked demand for AI market. The increased
adoption of cloud-based solutions makes the
incorporation of Artificial Intelligence (AI)
services easy and effective. The cloud technology
provides with required information and support
for AI learning process, which positively impacts
the growth of the market. In various end-user
industries, there has been an elevated demand for
cognitive computing, which also acts as a driving
factor for the expansion of the market.
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Our Approach
Market Summary

• In addition to the factor mentioned above, one of
  the mentionable traits of AI is the ability and
  support it provides to machines to react, act,
  learn, and think like human beings. As a result
  of the mentioned characteristics, it turns out to
  be an effective decision making and data
  analytics tool that helps in deciding based on
  past data and identified patterns. It is the
  mentioned traits of AI, which has resulted in
  it's increase in different industries that have a
  positive impact on the growth of the market. The
  industry is witnessing continuous evolutions,
  which are also enriching the market. In 2018,
  Google, a key player of the industry, introduced
  Google Duplex that is capable of performing
  realistic tasks and conduct natural conversations
  over the phone, like making a call and having
  human-like conversations. Such advancements by
  key players are also boosting the growth of the
  market.
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Our Approach
Market Summary

• Key participants include IBM, Microsoft, Amazon,
  Google, FICO, SAS Institute, IRIS AI, Salesforce,
  Mighty.AI, and Craft.AI.
• For the purpose of this report, Reports and Data
  have segmented the global Computer Vision System
  market according to Service type, Technologies,
  Organizational size, Deployment mode, End-user,
  End-user ownership, Application, and Region
• Service type Outlook (Revenue, USD Billion
  2020-2026)
• Services
• Software Tools
• Technologies type Outlook (Revenue, USD Billion
  2020-2026)
• Machine Learning and Deep Learning
• Natural Language Processing
• Computer Vision
• Others
• Organizational size type Outlook (Revenue, USD
  Billion 2020-2026)
• Large Enterprises
• Small and Medium-Sized Enterprises
• Deployment mode type Outlook (Revenue, USD
  Billion 2020-2026)
• On-premises
• Cloud

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Our Approach
Market Summary

• End-user ownership type Outlook (Revenue, USD
  Billion 2020-2026)
• Public
• Private
• Application Type Outlook (Revenue, USD Billion
  2020-2026)
• Fraud Detection
• Data Analytics Visualization
• Customer Service and management
• Risk Management
• Compliance Security
• Others
• Regional Outlook (Revenue, USD Billion
  2020-2026)
• North America
• Europe
• Asia Pacific
• MEA
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About Us
Our Approach
About Us

• Reports and Data is a market research and
  consulting company that provides syndicated
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  research offerings to ensure our clients are
  aware about the latest trends existent in the
  market. Reports and Data has a strong base of
  experienced analysts from varied areas of
  expertise.
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