NEW YORK, Nov. 15, 2021 /PRNewswire/ — The “Artificial Intelligence-as-a-Service Market – Competitive Analysis, Drivers, Challenges & Five Force Analysis” report has been added to Technavio’s offering. The artificial intelligence-as-a-service market value is set to grow by USD 14.70 billion, progressing at a CAGR of almost 41% from 2020 to 2025, as per the latest report by Technavio.
For Insights on Artificial Intelligence-as-a-Service Market –Download a free sample now!
Market Dynamics
The market is driven by factors such as the increasing investment in R&D, cloud-based solutions, and the increasing adoption of AI in predictive analysis. However, data privacy issues will hinder the market growth.
Company Profiles
Some of the companies covered in this report are Alphabet Inc., Amazon.com Inc., Apple Inc., Intel Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE, SAS Institute Inc., and International Business Machines Corp., etc.
Some Companies with Key Offerings
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Alphabet Inc. –The company offers AI Hub, AI building blocks, AI platform that empowers machine learning developers, data scientists, and data engineers to manage their projects from ideation to deployment.
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Amazon.com Inc. –The company offers Amazon CodeGuru, Amazon Comprehend, Amazon Forecast, Amazon Translate, and others.
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Apple Inc. –The company offers Core 3 AI services that seamlessly take advantage of the CPU, GPU, and neural engine to provide maximum performance and efficiency.
Competitive Analysis
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Market Segmentation
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By End-user, the market is classified into Retail and Healthcare, BFSI, Telecommunication, Government and Defense, and Others. The artificial intelligence-as-a-service market share growth by the retail and healthcare segment has been significant.
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By Geography, the market is classified as North America, APAC, Europe, MEA, and South America. North America will have the largest share of the market.
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Artificial Intelligence-as-a-Service Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 41% |
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Market growth 2021-2025 |
USD 14.70 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
30.12 |
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Regional analysis |
North America, APAC, Europe, MEA, and South America |
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Performing market contribution |
North America at 39% |
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Key consumer countries |
US, China, UK, Germany, and Canada |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Alphabet Inc., Amazon.com Inc., Apple Inc., Intel Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE, SAS Institute Inc., and International Business Machines Corp. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio