+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Artificial Intelligence-as-a-Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

  • PDF Icon

    Report

  • 143 Pages
  • January 2023
  • Region: Global
  • IMARC Group
  • ID: 5732317

Quick Summary:

In the ever-evolving digital era, the growth and relevance of the global artificial intelligence-as-a-service (AIaaS) market is undeniable. Seen as the backbone for technological advancements, AIaaS offers a cost-effective and accessible route to AI application for businesses worldwide. By leveraging cloud computing models, AIaaS boosts operational efficiency and productivity rates without the necessity of intricate codes, making it a pivotal addition to various sectors including IT, telecommunications, retail, manufacturing, and the BFSI sectors.

The rise of AI technology in organizations, paired with the increased demand for cloud-based machine learning processes signifies a strong drivetrain for AIaaS growth. But the promise doesn't stop there, the surging need for predictive and smart automation in business processes to increase service and product portfolio is offering lucrative growth opportunities to industry investors. Furthermore, the integration of AI technology into IoT devices sparks a whole new area for growth and opportunity. This comprehensive market research report provides insightful analysis of the global AIaaS market, driven by these key trends and developments.

The global artificial intelligence-as-a-service market size reached US$ 7.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 75.3 Billion by 2028, exhibiting a CAGR of 45.61% during 2022-2028.

Artificial intelligence-as-a-service (AIaaS) refers to the outsourcing of artificial intelligence (AI) for enabling companies to explore and expand AI techniques at a minimal cost. It relies on cloud computing models to leverage AI and add substantial flexibility in organizational operations for enhancing efficiency and driving productivity levels. Additionally, it helps access AI capabilities via application programming interfaces (APIs) and tools without the requirement of writing complex codes. As a result, AIaaS finds extensive applications in information and technology (IT), telecommunication, retail, manufacturing, energy and utility, healthcare, and banking, financial services, and insurance (BFSI) sectors worldwide.

Artificial Intelligence-as-a-Service Market Trends:

At present, there is a rise in the use of AI technology in numerous organizations for their applications, businesses, analytics, and services. This, along with the growing demand for cloud-based machine learning (ML) for reducing operational costs and increasing profit margins, represents one of the key factors driving the market. Moreover, governments of several countries are extensively investing in the development of AI-based infrastructure. This, coupled with the rising trend of multi-cloud management strategies across the globe, is propelling the growth of the market. In addition, the increasing employment of AI technology in the BFSI industry to offer a better consumer experience is positively influencing the market. Besides this, the escalating need for predictive and smart automation in business processes to increase service and product portfolio is offering lucrative growth opportunities to industry investors. Furthermore, the increasing usage of AI technology in various internet of things (IoT) devices by electronic manufacturers for natural language generation, virtual agents, and speech recognition is projected to bolster the growth of the market in the coming years.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global artificial intelligence-as-a-service market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, organizations size and vertical.

Breakup by Technology:

  • Machine Learning (ML) and Deep Learning
  • Natural Language Processing (NLP)

Breakup by Organizations Size:

  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)

Breakup by Vertical:

  • Banking, Financial, and Insurance (BFSI)
  • Healthcare and Life Sciences
  • Retail
  • Telecommunications
  • Government and Defense
  • Manufacturing
  • Energy
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services Inc. (Amazon.com Inc.), Arm Limited (SoftBank Group Corp.), DataRobot Inc., FICO, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Nividia Corporation, Oracle Corporation, Salesforce Inc., SAP SE and SAS Institute Inc.

Key Questions Answered in This Report:

  • How has the global artificial intelligence-as-a-service market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global artificial intelligence-as-a-service market?
  • What are the key regional markets?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the organizations size?
  • What is the breakup of the market based on the vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global artificial intelligence-as-a-service market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Artificial Intelligence-as-a-Service Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Technology
6.1 Machine Learning (ML) and Deep Learning
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Natural Language Processing (NLP)
6.2.1 Market Trends
6.2.2 Market Forecast

7 Market Breakup by Organizations Size
7.1 Large Enterprises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Small and Medium-sized Enterprises (SMEs)
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by Vertical
8.1 Banking, Financial, and Insurance (BFSI)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Healthcare and Life Sciences
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Retail
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Telecommunications
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Government and Defense
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Manufacturing
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Energy
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market Trends
8.8.2 Market Forecast

9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast

10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Amazon Web Services Inc. (Amazon.com Inc.)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Arm Limited (SoftBank Group Corp.)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 DataRobot Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 FICO
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Intel Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 International Business Machines Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Microsoft Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Nividia Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Oracle Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Salesforce Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 SAP SE
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 SAS Institute Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio

List of Figures
Figure 1: Global: Artificial Intelligence-as-a-Service Market: Major Drivers and Challenges
Figure 2: Global: Artificial Intelligence-as-a-Service Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Artificial Intelligence-as-a-Service Market: Breakup by Technology (in %), 2022
Figure 5: Global: Artificial Intelligence-as-a-Service Market: Breakup by Organizations Size (in %), 2022
Figure 6: Global: Artificial Intelligence-as-a-Service Market: Breakup by Vertical (in %), 2022
Figure 7: Global: Artificial Intelligence-as-a-Service Market: Breakup by Region (in %), 2022
Figure 8: Global: Artificial Intelligence-as-a-Service (Machine Learning (ML) and Deep Learning) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Artificial Intelligence-as-a-Service (Machine Learning (ML) and Deep Learning) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Artificial Intelligence-as-a-Service (Natural Language Processing (NLP)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Artificial Intelligence-as-a-Service (Natural Language Processing (NLP)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Artificial Intelligence-as-a-Service (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Artificial Intelligence-as-a-Service (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Artificial Intelligence-as-a-Service (Small and Medium-sized Enterprises (SMEs)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Artificial Intelligence-as-a-Service (Small and Medium-sized Enterprises (SMEs)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Artificial Intelligence-as-a-Service (Banking, Financial, and Insurance (BFSI)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Artificial Intelligence-as-a-Service (Banking, Financial, and Insurance (BFSI)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Artificial Intelligence-as-a-Service (Healthcare and Life Sciences) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Artificial Intelligence-as-a-Service (Healthcare and Life Sciences) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Artificial Intelligence-as-a-Service (Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Artificial Intelligence-as-a-Service (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Artificial Intelligence-as-a-Service (Telecommunications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Artificial Intelligence-as-a-Service (Telecommunications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Artificial Intelligence-as-a-Service (Government and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Artificial Intelligence-as-a-Service (Government and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Artificial Intelligence-as-a-Service (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Artificial Intelligence-as-a-Service (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Artificial Intelligence-as-a-Service (Energy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Artificial Intelligence-as-a-Service (Energy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Artificial Intelligence-as-a-Service (Other Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Artificial Intelligence-as-a-Service (Other Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: North America: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: North America: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: United States: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: United States: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Canada: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Canada: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Asia-Pacific: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Asia-Pacific: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: China: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: China: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Japan: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Japan: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: India: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: India: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: South Korea: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: South Korea: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Australia: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Australia: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Indonesia: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Indonesia: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Others: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Others: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Europe: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Europe: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Germany: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Germany: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: France: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: France: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: United Kingdom: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: United Kingdom: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Italy: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Italy: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Spain: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Spain: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Russia: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Russia: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Latin America: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Latin America: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Brazil: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Brazil: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Mexico: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Mexico: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Middle East and Africa: Artificial Intelligence-as-a-Service Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Middle East and Africa: Artificial Intelligence-as-a-Service Market: Breakup by Country (in %), 2022
Figure 80: Middle East and Africa: Artificial Intelligence-as-a-Service Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Global: Artificial Intelligence-as-a-Service Industry: SWOT Analysis
Figure 82: Global: Artificial Intelligence-as-a-Service Industry: Value Chain Analysis
Figure 83: Global: Artificial Intelligence-as-a-Service Industry: Porter's Five Forces Analysis

List of Tables
Table 1: Global: Artificial Intelligence-as-a-Service Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Artificial Intelligence-as-a-Service Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 3: Global: Artificial Intelligence-as-a-Service Market Forecast: Breakup by Organizations Size (in Million US$), 2023-2028
Table 4: Global: Artificial Intelligence-as-a-Service Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
Table 5: Global: Artificial Intelligence-as-a-Service Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Artificial Intelligence-as-a-Service Market: Competitive Structure
Table 7: Global: Artificial Intelligence-as-a-Service Market: Key Players

Companies Mentioned

  • Amazon Web Services Inc. (Amazon.com Inc.)
  • Arm Limited (SoftBank Group Corp.)
  • DataRobot Inc.
  • FICO
  • Intel Corporation
  • International Business Machines Corporation
  • Microsoft Corporation
  • Nividia Corporation
  • Oracle Corporation
  • Salesforce Inc.
  • SAP SE
  • SAS Institute Inc.

Methodology

Loading
LOADING...