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PUBLISHER: IMARC | PRODUCT CODE: 1207111
PUBLISHER: IMARC | PRODUCT CODE: 1207111
Artificial Intelligence-as-a-Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 143 Pages
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The global artificial intelligence-as-a-service market size reached US$ 7.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 75.3 Billion by 2028, exhibiting a growth rate (CAGR) of 42.4% during 2023-2028.
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:
- IMARC Group 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?
Product Code: SR1323A583_Report
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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
- 14.3.1 Amazon Web Services Inc. (Amazon.com Inc.)
Product Code: SR1323A583_Report
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
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