PUBLISHER: Grand View Research | PRODUCT CODE: 1268690
PUBLISHER: Grand View Research | PRODUCT CODE: 1268690
Cloud AI Market Size, Share & Trends Analysis Report By Technology (Machine Learning, NLP), By Type (Solution, Services), By Vertical (Government, IT & Telecommunication), By Region (Asia Pacific, North America), And Segment Forecasts, 2023 - 2030
Cloud AI Market Growth & Trends:
The global cloud AI market size is projected to reach USD 647.60 billion by 2030, registering a CAGR of 39.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. The key factors propelling the growth of the market are the demand for intelligent virtual assistants, the adoption of AI to enhance customer service, and the growth of big data. Moreover, many big companies are investing and expanding, which drives marketgrowth. The need to increase operational effectiveness in the manufacturing sector and the growth of cloud-based services & applications across various industries will also offer growth opportunities to the global market. Cloud computing and AI have become complementary technologies that can improve the lives of millions of people.
AI and cloud computing are combined and used in our everyday lives by digital assistants like Alexa from Amazon, Google Home, and Siri. More broadly, AI capabilities are used in business cloud computing to improve the strategic, effective, and insight-driven nature of business processes. By integrating data and applications into the cloud, cloud computing gives businesses more flexibility, agility, and cost savings.The advent of technologically innovative devices is one of the major factors fueling the growth of the market. For instance, the penetration of cloud DVR will expand as more smart Set-Top-Boxes (STBs) enter the market. A smart STB connects all devices over a home network, allowing media content to be played and streamed on the internet or any connected device.
Moreover, companies are integrating cloud-based technology with their product offerings. For instance, in March 2021, Velocix, a provider of carrier-grade video streaming and advertising technologies, increased its portfolio of fully controlled cloud-based applications.The IT & telecommunications sector has considerably contributed to the growth of the market as organizations across industries have increasingly turned to cloud-based AI solutions to efficiently manage their data and operations. Cloud AI solutions let companies examine enormous volumes of data, automate procedures, and enhance decision-making skills-all while spending less money. The IT and telecom industries have started to use AI to boost customer experience, optimize resource allocation, and increase network performance.
Telecom businesses use AI-enabled technologies to automate procedures, spot network issues before they become serious, and make tailored client suggestions.Governments and large-scale organizations worldwide have invested in various AI applications while devoting time and money to testing the technology. The U.S. government created AI.gov, an American AI Initiative, in February 2019, to focus on the Federal government's resources with the development of AI to grow national prosperity, improve the quality of life of the citizens, and strengthen national & economic security. Moreover, Governments in the U.K. and Australia insist on using hybrid cloud solutions more frequently to upgrade the current IT infrastructure. The governments also demand a cost-benefit ratio that propels the market growth.
Cloud AI Market Report Highlights:
- Based on verticals, the IT & telecommunication segment dominated the global industry in 2022, in terms of revenue share
- The adoption of intelligent virtual assistants, AI to enhance customer service, and the growth of the big data market will likely boost the growth of the market during the forecast period
- Several governments and large-scale organizations have started investing in various AI applications to grow and improve the quality of life
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information Analysis
- 1.3.2 Market Formulation & Data Visualization
- 1.3.3 Data Validation & Publishing
- 1.4 Research Scope And Assumptions
- 1.4.1 List Of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Cloud AI Market Variables and Trends
- 3.1 Market Lineage Outlook
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Industry Value Chain Analysis
- 3.4 Market Dynamics
- 3.4.1 Market Driver Impact Analysis
- 3.4.1.1 The Increase In The Demand Of Big Data
- 3.4.1.2 Growing Adoption Of Cloud Based Applications And Services
- 3.4.2 Market Restraint Impact Analysis
- 3.4.2.1 Lack Of Data Security Concers And Skilled Workforce
- 3.4.3 Industry Challenges
- 3.4.4 Industry Opportunities
- 3.4.1 Market Driver Impact Analysis
- 3.5 Industry Analysis Tools
- 3.5.1 Porter's Analysis
- 3.5.2 Macroeconomic Analysis
- 3.6 COVID-19 Impact Analysis
Chapter 4 Cloud AI Market: Technology Estimates & Trend Analysis
- 4.1 Technology Movement Analysis & Market Share, 2022 & 2030
- 4.2 Cloud AI Market Estimates and Forecast, By Technology (USD Million)
- 4.2.1 Deep Learning
- 4.2.2 Machine Learning
- 4.2.3 Natural Language Processing
- 4.2.4 Others
Chapter 5 Cloud AI Market: Type Estimates & Trend Analysis
- 5.1 Type Movement Analysis & Market Share, 2022 & 2030
- 5.2 Cloud AI Market Estimates And Forecast, By Type (USD Million)
- 5.2.1 Solution
- 5.2.2 Services
Chapter 6 Cloud AI Market: Vertical Estimates & Trend Analysis
- 6.1 Vertical Movement Analysis & Market Share, 2022 & 2030
- 6.2 Cloud AI Market Estimates And Forecast, By Vertical (USD Million)
- 6.2.1 Healthcare
- 6.2.2 Retail
- 6.2.3 BFSI
- 6.2.4 IT & Telecommunication
- 6.2.5 Government
- 6.2.6 Manufacturing
- 6.2.7 Automotive & Transportation
- 6.2.8 Others
Chapter 7 Cloud AI: Regional Outlook Estimates & Trend Analysis
- 7.1 Cloud AI Market: Regional Outlook
- 7.2 North America
- 7.2.1 North America Cloud AI Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.2.2 U.S.
- 7.2.2.1 U.S. Cloud AI Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.3 Canada
- 7.2.3.1 Canada Cloud AI Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.3 Europe
- 7.3.1 Europe Cloud AI Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.3.2 Germany
- 7.3.2.1 Germany. Cloud AI Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.3.3 U.K.
- 7.3.3.1 U.K. Cloud AI Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.3.4 France
- 7.3.4.1 France Cloud AI Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Cloud AI Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.2 China
- 7.4.2.1 China Cloud AI Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.3 Japan
- 7.4.3.1 Japan Cloud AI Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.4 India
- 7.4.4.1 India Cloud AI Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.5 South Korea
- 7.4.5.1 South Korea Cloud AI Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.6 Australia
- 7.4.6.1 Australia Cloud AI Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.5 Latin America
- 7.5.1 Latin America Cloud AI Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.5.2 Brazil
- 7.5.2.1 Brazil Cloud AI Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.5.3 Mexico
- 7.5.3.1 Mexico Cloud AI Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.6 MEA
- 7.6.1 MEA Cloud AI Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.6.2 Kingdom Of Saudi Arabia
- 7.6.2.1 Kingdom of Saudi Arabia Cloud AI Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.3 UAE
- 7.6.3.1 UAE Cloud AI Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.4 South Africa
- 7.6.4.1 South Africa Cloud AI Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 8 Cloud AI Market - Competitive Landscape
- 8.1 Recent Developments & Impact Analysis, By Key Market Participants
- 8.2 Company Categorization
- 8.3 Participant's Overview
- 8.4 Financial Performance
- 8.5 Product Benchmarking
- 8.6 Company Market Share Analysis, 2022
- 8.7 Company Heat Map Analysis
- 8.8 Strategy Mapping
- 8.8.1 Expansion
- 8.8.2 Mergers & Acquisition
- 8.8.3 Partenerships & Collaborations
- 8.8.4 New Product Launches
List of Tables
- Table 1 Industry snapshot & key buying criteria, 2017 - 2030
- Table 2 Global Cloud AI market, 2017 - 2030 (USD Million)
- Table 3 Global Cloud AI market, by region, 2017 - 2030 (USD Million)
- Table 4 Global Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 5 Global Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 6 Global Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 7 Key market driver impact
- Table 8 Key market restraint impact
- Table 9 Deep Learning Cloud AI market, by region, 2017 - 2030 (USD Million)
- Table 10 Machine Learning Cloud AI market, by region, 2017 - 2030 (USD Million)
- Table 11 Natural Language Processing Cloud AI market, by region, 2017 - 2030 (USD Million)
- Table 12 Others Cloud AI market, by region, 2017 - 2030 (USD Million)
- Table 13 Solution Cloud AI market, by region, 2017 - 2030 (USD Million)
- Table 14 Services Cloud AI market, by region, 2017 - 2030 (USD Million)
- Table 15 Healthcare Cloud AI market, by region, 2017 - 2030 (USD Million)
- Table 16 Retail Cloud AI market, by region, 2017 - 2030 (USD Million)
- Table 17 Government Cloud AI market, by region, 2017 - 2030 (USD Million)
- Table 18 Manufacturing Cloud AI market, by region, 2017 - 2030 (USD Million)
- Table 19 Automotive Cloud AI market, by region, 2017 - 2030 (USD Million)
- Table 20 Others Cloud AI market, by region, 2017 - 2030 (USD Million)
- Table 21 North America Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 22 North America Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 23 North America Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 24 U.S. Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 25 U.S. Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 26 U.S. Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 27 Canada Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 28 Canada Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 29 Canada Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 30 Europe Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 31 Europe Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 32 Europe Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 33 U.K. Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 34 U.K. Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 35 U.K. Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 36 Germany Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 37 Germany Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 38 Germany Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 39 France Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 40 France Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 41 France Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 42 Asia Pacific Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 43 Asia Pacific Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 44 Asia Pacific Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 45 China Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 46 China Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 47 China Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 48 Japan Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 49 Japan Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 50 Japan Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 51 India Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 52 India Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 53 India Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 54 South Korea Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 55 South Korea Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 56 South Korea Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 57 Australia Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 58 Australia Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 59 Australia Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 60 Latin America Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 61 Latin America Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 62 Latin America Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 63 Mexico Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 64 Mexico Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 65 Mexico Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 66 Brazil Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 67 Brazil Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 68 Brazil Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 69 MEA Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 70 MEA Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 71 MEA Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 72 Kingdom of Saudi Arabia (KSA) Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 73 Kingdom of Saudi Arabia (KSA) Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 74 Kingdom of Saudi Arabia (KSA) Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 75 UAE Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 76 UAE Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 77 UAE Cloud AI market, by vertical, 2017 - 2030 (USD Million)
- Table 78 South Africa Cloud AI market, by technology, 2017 - 2030 (USD Million)
- Table 79 South Africa Cloud AI market, by type, 2017 - 2030 (USD Million)
- Table 80 South Africa Cloud AI market, by vertical, 2017 - 2030 (USD Million)
List of Figures
- Fig. 1 Research process
- Fig. 2 Market formulation
- Fig. 3 Cloud AI market segmentation
- Fig. 4 Market Size 2017 - 2030 (USD Million)
- Fig. 5 Value chain analysis
- Fig. 6 Market dynamics
- Fig. 7 Penetration and key opportunities mapping, 2030
- Fig. 8 Cloud AI market share by technology, 2022 & 2030
- Fig. 9 Cloud AI market share by type, 2022 & 2030
- Fig. 10 Cloud AI market share by vertical, 2022 & 2030
- Fig. 11 Regional marketplace: Key takeaways
- Fig. 12 North America Cloud AI market - Key takeaways
- Fig. 13 Europe Cloud AI market - Key takeaways
- Fig. 14 Asia Pacific Cloud AI market - Key takeaways
- Fig. 15 Latin America Cloud AI market - Key takeaways
- Fig. 16 Middle East & Africa (MEA) Cloud AI market - Key takeaways
