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Global Artificial Intelligence as a Service Market By Technology, By Organization Size, By Service Type (Services & Software Tools), By Type of Cloud, By Vertical, By Region, Competition, Forecast & Opportunities, 2024

  • ID: 4833051
  • Report
  • October 2019
  • Region: Global
  • 130 pages
  • TechSci Research
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The Global Artificial Intelligence as a Service Market Was Valued at $ 2 Billion in 2018 and is Anticipated to Grow at a CAGR of 34% by 2024.

FEATURED COMPANIES

  • Amazon Web Services Inc.
  • Fair Isaac Corporation
  • Google LLC
  • Intel Corp.
  • Microsoft Corp.
  • Oracle Corporation
  • MORE
The Global Artificial Intelligence as a Service Market was valued at $ 2 billion in 2018 and is anticipated to grow at a CAGR of 34% to reach around $ 11.5 billion by 2024 owing to increasing adoption of artificial intelligence to enhance the efficiency in business processes. Organizations are leveraging artificial intelligence for improving productivity and enhanced efficiency at lower cost, which is anticipated to fuel growth of artificial intelligence as a service market over the next five years. Moreover, increasing demand for enhancing user experience while reducing waiting time through automated chats is further likely to propel growth of the market.

Artificial intelligence as a service (AIaaS) market can be segmented based on technology, organization size, service type, type of cloud, vertical and region. On the basis of technology, the market can be segmented into machine learning, natural language processing and others. Natural language processing technology helps to interpret human language and understand customer behavior which is likely to drive growth in this segment during forecast period. Artificial intelligence as a service finds application in various verticals including BFSI, retail, IT & telecom, healthcare, government and others. Of all, BFSI segment is likely to witness extensive adoption of AIaaS through 2024 as this vertical utilizes artificial intelligence for chatbots, fraud detection and customer recommendation. Moreover, need for integrating technology and improve operational efficiency is pushing the adoption of AIaaS in BFSI.

Regionally, the market for artificial intelligence as a service is gaining traction and expanding to various regions across the globe. Asia-Pacific industry is anticipated to witness the fastest growth during forecast period. Healthcare industry in Asia-Pacific region is growing at a rapid pace, attributed to the increasing population and health awareness among customers. This segment is creating investment opportunities in the region and anticipated to promote the growth of artificial intelligence as a service market in the region.

Major players operating in the Global Artificial Intelligence as a Service Market include Amazon Web Services Inc. Google LLC, Microsoft Corp., International Business Machines (IBM) Corp., Salesforce.com Inc., Oracle Corporation, Fair Isaac Corporation, SAP SE, SAS Institute Inc., Intel Corp., etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. In 2018, Google added more AI features to its cloud so as to attract more customers.

Years considered for this report:
  • Historical Years: 2014-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020–2024
Objective of the Study:
  • To analyze and forecast the market size of the Global Artificial Intelligence as a Service Market.
  • To classify and forecast the Global Artificial Intelligence as a Service Market based on technology, organization size, service type, type of cloud, vertical and regional distribution.
  • To identify drivers and challenges for the Global Artificial Intelligence as a Service Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Artificial Intelligence as a Service Market.
  • To conduct pricing analysis for the Global Artificial Intelligence as a Service Market.
  • To identify and analyze the profile of leading players operating in the Global Artificial Intelligence as a Service Market.
Both primary as well as exhaustive secondary research was performed for this study. Initially, They sourced a list of service providers across the globe. Subsequently, researchers conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they could include the service providers which could not be identified due to the limitations of secondary research. The author analyzed the service offerings, distribution channels and presence of all major service providers across the globe.

Researchers calculated the market size of the Global Artificial Intelligence as a Service Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. They sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:
  • AI as a service players and other stakeholders
  • Venture capitalists and angel investors
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to artificial intelligence as a service
  • Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Global Artificial Intelligence as a Service Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Technology:
  • Machine Learning
  • Natural Language Processing
  • Others
Market, By Organization Size:
  • Large Enterprise
  • SME
Market, By Service Type:
  • Services
  • Software Tools
Market, By Type of Cloud:
  • Public Cloud
  • Private Cloud
  • Hybrid Cloud
Market, By Vertical:
  • BFSI
  • Healthcare
  • Retail
  • IT & Telecom
  • Government
Market, By Region:
  • North America
  • United States
  • Mexico
  • Canada
  • Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Italy
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Egypt
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Artificial Intelligence as a Service Market.

Available Customizations:
With the given market data, the author offers customizations according to a client’s specific needs.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amazon Web Services Inc.
  • Fair Isaac Corporation
  • Google LLC
  • Intel Corp.
  • Microsoft Corp.
  • Oracle Corporation
  • MORE

1. Artificial Intelligence as a Service: Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. Global Artificial Intelligence as a Service Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Technology (Machine Learning; Natural Language Processing; Others)
5.2.2. By Organization Size (SME; Large Enterprise)
5.2.3. By Service Type (Software Tools; Services)
5.2.4. By Type of Cloud (Public Cloud; Private Cloud; Hybrid Cloud)
5.2.5. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
5.2.6. By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)
5.2.7. By Company (2018)
5.3. Product Map

6. North America Artificial Intelligence as a Service Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Technology (Machine Learning; Natural Language Processing; Others)
6.2.2. By Service Type (Software Tools; Services)
6.2.3. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
6.2.4. By Country (United States; Canada; Mexico and Rest of North America)
6.3. North America: Country Analysis
6.3.1. United States Artificial Intelligence as a Service Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Service Type (Software Tools; Services)
6.3.1.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
6.3.2. Canada Artificial Intelligence as a Service Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Service Type (Software Tools; Services)
6.3.2.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
6.3.3. Mexico Artificial Intelligence as a Service Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Service Type (Software Tools; Services)
6.3.3.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)

7. Europe Artificial Intelligence as a Service Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Technology (Machine Learning; Natural Language Processing; Others)
7.2.2. By Service Type (Software Tools; Services)
7.2.3. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
7.2.4. By Country (UK; Germany; France; Spain; Italy; and Rest of Europe)
7.3. Europe: Country Analysis
7.3.1. United Kingdom Artificial Intelligence as a Service Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Service Type (Software Tools; Services)
7.3.1.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
7.3.2. Germany Artificial Intelligence as a Service Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Service Type (Software Tools; Services)
7.3.2.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
7.3.3. France Artificial Intelligence as a Service Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Service Type (Software Tools; Services)
7.3.3.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
7.3.4. Spain Artificial Intelligence as a Service Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.1.2. Market Share & Forecast
7.3.4.1.3. By Service Type (Software Tools; Services)
7.3.4.1.4. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
7.3.5. Italy Artificial Intelligence as a Service Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Service Type (Software Tools; Services)
7.3.5.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)

8. Asia-Pacific Artificial Intelligence as a Service Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Technology (Machine Learning; Natural Language Processing; Others)
8.2.2. By Service Type (Software Tools; Services)
8.2.3. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
8.2.4. By Country (China; Japan; India; South Korea; Australia; and Rest of Asia Pacific)
8.3. Asia-Pacific: Country Analysis
8.3.1. China Artificial Intelligence as a Service Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Service Type (Software Tools; Services)
8.3.1.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
8.3.2. Japan Artificial Intelligence as a Service Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Service Type (Software Tools; Services)
8.3.2.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
8.3.3. India Artificial Intelligence as a Service Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Service Type (Software Tools; Services)
8.3.3.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
8.3.4. South Korea Artificial Intelligence as a Service Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Service Type (Software Tools; Services)
8.3.4.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
8.3.5. Australia Artificial Intelligence as a Service Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Service Type (Software Tools; Services)
8.3.5.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)

9. South America Artificial Intelligence as a Service Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Technology (Machine Learning; Natural Language Processing; Others)
9.2.2. By Service Type (Software Tools; Services)
9.2.3. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
9.2.4. By Country (Brazil; Argentina; Colombia; and Rest of South America)
9.3. South America: Country Analysis
9.3.1. Brazil Artificial Intelligence as a Service Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Service Type (Software Tools; Services)
9.3.1.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
9.3.2. Argentina Artificial Intelligence as a Service Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Service Type (Software Tools; Services)
9.3.2.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
9.3.3. Colombia Artificial Intelligence as a Service Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Service Type (Software Tools; Services)
9.3.3.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)

10. Middle East and Africa Artificial Intelligence as a Service Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Technology (Machine Learning; Natural Language Processing; Others)
10.2.2. By Service Type (Software Tools; Services)
10.2.3. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
10.2.4. By Country (Saudi Arabia; UAE; South Africa, Egypt and Rest of Middle East & Africa)
10.3. MEA: Country Analysis
10.3.1. Saudi Arabia Artificial Intelligence as a Service Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Service Type (Software Tools; Services)
10.3.1.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
10.3.2. UAE Artificial Intelligence as a Service Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Service Type (Software Tools; Services)
10.3.2.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
10.3.3. South Africa Artificial Intelligence as a Service Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Service Type (Software Tools; Services)
10.3.3.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)
10.3.4. Egypt Artificial Intelligence as a Service Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Service Type (Software Tools; Services)
10.3.4.2.2. By Vertical (BFSI; Healthcare; Retail; IT & Telecom; Government; Others)

11. Market Dynamics
11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

13. Competitive Landscape
13.1. Competition Outlook
13.2. Company Profiles
13.2.1. Amazon Web Services Inc.
13.2.2. Google LLC
13.2.3. Microsoft Corp.
13.2.4. International Business Machines (IBM) Corp.
13.2.5. Salesforce.com Inc.
13.2.6. Oracle Corporation
13.2.7. Fair Isaac Corporation
13.2.8. Intel Corp.
13.2.9. SAP SE
13.2.10. SAS Institute Inc.

14. Strategic Recommendations

15. About US
(Note: The companies list can be customized based on the client requirements.)

Note: Product cover images may vary from those shown
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  • Amazon Web Services Inc.
  • Google LLC
  • Microsoft Corp.
  • International Business Machines (IBM) Corp.
  • Salesforce.com Inc.
  • Oracle Corporation
  • Fair Isaac Corporation
  • Intel Corp.
  • SAP SE
  • SAS Institute Inc.
Note: Product cover images may vary from those shown
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