Artificial Intelligence as a Service market to See Strong Expansion Through 2026

Stratview Research has published a new report titled “Artificial Intelligence as a Service Market” which is segmented By Deployment (Public, Private, Hybrid), By Organization Size (Small and Medium Enterprise, Large Enterprise), By End Use (BFSI, Retail, Healthcare, IT and Telecom, Manufacturing, Energy, Others) and Region.

Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.

The market is bifurcated into various segments. Below given is the segment-wise analysis -

End Use Trends - Based on end use, the artificial intelligence as a service market has been classified into BFSI, retail, healthcare, IT and telecom, manufacturing, energy, others. Under these, the BFSI segment held a significant market share in 2020. In BFSI, AI is primarily used as algorithmic trading, chatbots, fraud detection, and customer recommendation. Banks, such as RBS, are adopting chatbots, expected to compel other financial institutions to invest in similar technologies, which boosts the segment growth.

Which Region is expected to remain the largest market?

By region, the North America market held the highest market share in 2020 and is projected to grow at a fastest CAGR in the coming years. This is ascribed to large presence of major players, technological developments in BFSI and IT sectors, surging need for intelligent business processes, and increasing adoption of digital technologies, which bolsters the regional market growth during the review period.

Who are the Key Players in the Market?

This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Artificial Intelligence as a Service Market:

• IBM Corporation (US)
• Microsoft Corporation (US)
• Google LLC (US)
• Amazon Web Services Inc. (US)
• Oracle Corporation (US)
• Salesforce.com Inc. (US)
• SAS Institute Inc. (US)
• BigML Inc (US)
• DATAIKU SAS (US)
• H2O.Ai Inc (US).

Key questions answered by the report

• What is the projected CAGR for revenue from the Artificial Intelligence as a Service Market during the forecast period?
• What would be the market be valued at by 2027?
• What is a major driving factor for growth of the market?
• Which region accounted for largest revenue share in the Artificial Intelligence as a Service Market?
• Which are the major market players?

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About Us

Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.

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