Market
Highlights:
Recently, in November 2018, Amazon Web Services
introduced 13 new machine learning capabilities and services. Aws has also
introduced Amazon SageMaker which will help developers in building and
deploying machine learning models at low cost.
In September 2018, Microsoft Corporation introduced
AI based APIs namely “Dynamic 365 AI” for sales, customer service and market
insights. This API will help sales department in getting in-depth information
about the prospects via sentiment analysis. Customer service API is expected to
utilize naturla lanuage processing technology to understand and predict
customer rellated issues.
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Key
players:
IBM Corporation, Google Inc., AWS, Microsoft
Corporation, Salesforce, Baidu, SAP SE, Intel Corporation, Fair Isaac
Corporation (FICO), BigML, Absolutdata, Fuzzy.AI, Vital AI, Rainbird
Technologies, Craft.AI, Sift Science, Mighty.AI, Cognitive Scale, Centurysoft,
Yottamine Analytics, and Datarobot Meya.AI are some of the key players in Artificial
Intelligence as a Service (AIaaS) market.
Segmentation:
The Global Artificial Intelligence (AI) as a Service Market is segmented into services type, technology, software, organization size, verticals and region.
The Global Artificial Intelligence (AI) as a Service Market is segmented into services type, technology, software, organization size, verticals and region.
By services, Artificial Intelligence as a Service
(AIaaS) market is segmented into cognitive computing APIs, custom cognitive
computing APIs, and conversational AI.
By technology, the market is segmented into machine
learning & deep learning, and natural language processing.
By software, the market is further sub-segmented
into data storage & archiving, modeler & processing, cloud &
web-based application, and others.
By organization size, the Artificial Intelligence
as a Service (AIaaS) market is segmented into SMEs and large enterprises.
By vertical, the market is classified into BFSI,
healthcare, retail, telecommunication, government & defense, manufacturing
and energy & power.
By region, the Artificial Intelligence as a Service
(AIaaS)market is segmented into North America, Europe, Asia-Pacific, and Rest
of the world.
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Detailed
Regional Analysis:
The market for Artificial Intelligence as a Service
(AIaaS) is estimated to grow at a significant rate during the forecast period
from 2018 to 2023. The geographical analysis of Artificial Intelligence as a
Service (AIaaS) market is studied for North America (U.S, Canada, and Mexico),
Europe (Germany, U.K, France, Spain, Italy, and Rest of Europe), Asia-Pacific
(China, Japan, India, South Korea, Taiwan, Singapore and Rest of Asia-Pacifc),
and the Rest Of The World (including the Middle East, Africa, and Latin
America).North America is expected to dominate the Artificial Intelligence as a
Service (AIaaS) market during the forecast period. North America is an
established region in terms of advanced infrastructure and is widely known as
an early adopter of new technologies. In
North America, artificial intelligence as a service is deployed across various
verticals including consumer, BFSI, enterprise and government. U.S is the
leading market of artificial intelligence as a service in North America.
Europe is expected to be the second dominant market
of artificial intelligence as a service. Increasing usage of AI and cognitive
computing algorithm-based software by industries is fueling the growth of AIaaS
in this region. Also, government
initiatives to bring advanced technologies in the ecosystem of each country of
Europe is further boosting the market growth of AIaaS here in coming years.
Asia-Pacific Artificial Intelligence as a Service
(AIaaS) market is projected to grow with fastest growing CAGR during forecast
period. China, Japan, Singapore, South Korea among all other countries is
leading the Artificial Intelligence as a Service (AIaaS) market in the region.
Increasing awareness about the benefits of AI enabled products and services
among end-users and increasing usage of digital technology supported by
government are some of the prime driving factors for the growth of the market
in this region in the coming years.
Rest of the world (RoW) comprise of Artificial
Intelligence as a Service (AIaaS)market in The Middle East & Africa and
Latin America. RoW Artificial Intelligence as a Service (AIaaS) market is
expected to grow with slow and steady growth rate due to lack of technical
skills and infrastructure.
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