Artificial Intelligence refers to the imitation of intelligent behavior in computers. Artificial Intelligence as a Service (AIaaS) is delivered by a third party to an organization. AIaaS provides a wide range of accessible AI tools and services for an organization via the cloud platform for integrating automated speech, vision and language understanding abilities. These intelligent services offer an opportunity for an organization to optimize the data and thus identify new methods. AIaaS doesn’t need the requirement to understand how they work and thereby enables for its usage even with the least experience in artificial intelligence. The most prominent driver is the rising cloud computing market. The cloud technology can offer additional support with the needed information for the learning processes to the AI, while AI can assist cloud by offering information which can provide more data. AI has the ability to streamline the enormous capacities of the cloud. It equips cloud technology with immense powers. It allows the machines to react, act, think and learn like human beings do. AI assists various machines in learning and analyzing the past data, making decisions and recognizing the patterns. Such a process assists in reducing the chances of human errors. Thus, AI improves the process of decision making of several organizations. From the aforementioned factors observed that the cloud computing and artificial intelligence are complementing each other’s strengths. Since, the increase in adoption of cloud computing technology coupled with the usage of social media platforms has been propelling the growth of the Artificial Intelligence as a Service (AIaaS) market. Moreover, the huge demand for predictive and smart automation in business processes to increase service and product portfolio in several organizations across the world is projected to positively impact the growth of artificial intelligence as a service market in the coming years. Also the increase in adoption of artificial intelligence technology in several IoT devices by electronic manufactures such as virtual agents, natural language generation, speech recognition and machine learning platform is also projected to enhance the growth of the artificial intelligence as a service market. However, the shortage of AI professionals and lack of confidence due to complex nature are factors likely to impede the market growth.

Additionally, the surge in demand for AI-powered services in the form of API and SDK and huge number of innovative startups are also expected to majorly influence the growth of the market. In addition, the growth in adoption of advanced commodity services such as software as a service (SaaS), infrastructure as a service (IaaS) and business process as a service (BPaaS) among many information technology (IT) organizations is also projected create a significant demand for artificial intelligence as a service as well as lifting the growth market.

The global Artificial Intelligence-as-a-Service (AIaaS) Market is segregated on the basis of Technology as Machine learning (ML), Computer Vision, Natural Language Processing (NLP) and others. Based on Organization Size the global Artificial Intelligence-as-a-Service (AIaaS) Market is segmented in Small & Medium Enterprise and Large Enterprise. Based on Industry Vertical the global Artificial Intelligence-as-a-Service (AIaaS) Market is segmented in BFSI, IT & Telecom, Retail, Manufacturing, Public Sector, Energy & Utility, Healthcare and Others.

The global Artificial Intelligence-as-a-Service (AIaaS) Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Artificial Intelligence-as-a-Service (AIaaS) Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Google, Inc., IBM, Microsoft Corporation, SAS Institute, Hytrust, FICO and others are among the major players in the global Artificial Intelligence-as-a-Service (AIaaS) Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In January 2020, IBM declared the introduction of Advertising Accelerator with Watson, a first-to-market providing that leverages artificial intelligence (AI) to estimate the optimal combination of creative elements to support in propel high engagement and conversion for a given audience.
• In March 2019, McDonald declared the acquisition of Dynamic Yield an artificial intelligence company for USD 300 million based in New York and Tel Aviv. This acquisitions will support McDonald's understand what are most popular among consumers, and help in designing solutions for more personalized experience.

The global Artificial Intelligence-as-a-Service (AIaaS) Market has been segmented as below:

Artificial Intelligence-as-a-Service (AIaaS) Market, By Technology

• Machine learning (ML)
• Computer Vision
• Natural Language Processing (NLP)
• Others

Artificial Intelligence-as-a-Service (AIaaS) Market, By Organization Size

• Small & Medium Enterprise
• Large Enterprise

Artificial Intelligence-as-a-Service (AIaaS) Market, By Industry Vertical

• BFSI
• IT & Telecom
• Retail
• Manufacturing
• Public Sector
• Energy & Utility
• Healthcare
• Others

Artificial Intelligence-as-a-Service (AIaaS) Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Artificial Intelligence-as-a-Service (AIaaS) Market, By Company

• Google, Inc.
• IBM
• Microsoft Corporation
• SAS Institute
• Hytrust
• FICO
• Hytrust
• Intel
• Baidu
• SAP
• IRIS AI
• H2O. AI
• CognitiveScale, Inc.
• Apple Inc.
• Alphabet Inc.
• Salesforce, Inc.
• Fair Isaac Corporation

The report covers the below scope:

• Global Artificial Intelligence-as-a-Service (AIaaS) Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Artificial Intelligence-as-a-Service (AIaaS) Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Artificial Intelligence-as-a-Service (AIaaS) Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Artificial Intelligence-as-a-Service (AIaaS) Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Artificial Intelligence-as-a-Service (AIaaS) Market share. Major industry players with significant revenue share include Google, Inc., IBM, Microsoft Corporation, SAS Institute, Hytrust, FICO and others.

Why to Buy this Report:

• Gain detailed insights on the Artificial Intelligence-as-a-Service (AIaaS) industry trends
• Find complete analysis on the market status
• Identify the Artificial Intelligence-as-a-Service (AIaaS) Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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