Artificial Intelligence as a Service Market
Artificial Intelligence as a Service Market Size, Share & Trends Analysis Report by Deployment (Public, Private, and Hybrid), by Technology (Machine Learning, Computer Vision, Natural Language Processing, and Others), and by End-user (BFSI, Retail, Healthcare, IT & Telecommunication, Manufacturing, Energy, and Others) Forecast Period (2023-2030)
Artificial intelligence as a service market size was valued at $7.7 billion in 2022, and is projected to reach $96.1 billion by 2030, registering a CAGR of 37.10% during the forecast period (2023-2030). With the increasing number of enterprises and competition, companies are rigorously trying to integrate artificial intelligence (AI) technology into their application, business, analytics, and services. Moreover, companies are trying to reduce their operational cost to increase profit margins, due to which artificial intelligence-as-a-service (AIaaS) is gaining more prominence over the cloud which is expected to contribute to the market growth. Notably, companies are more interested in cloud-based machine learning, which helps in experimenting with their offerings. The rising trend of multi-cloud functioning and the growing need for cloud-based intelligence services are also increasing the demand for AI as a service. For instance, according to IBM, 98% of the organization's plans will adopt multi-cloud architectures, with only 41% having a multi-cloud management strategy and just 38% having procedures and tools to operate a multi-cloud environment. This creates a massive opportunity for AI services.
Segmental Outlook
The global artificial intelligence as a service market is segmented based on the deployment, technology, and end-user. Based on the deployment, the market is segmented into public, private, and hybrid. Based on technology, the market is again sub-segmented into machine learning, computer vision, natural language processing, and others. Further on the basis of end-user, the market is segmented into BFSI, retail, healthcare, IT & telecommunication, manufacturing, energy, and others. Among the end-user industry segment, the healthcare sub-segment is expected to cater prominent market share over the forecast period.
The Healthcare Sub-Segment is anticipated to Hold Prominent Share in the Global Artificial Intelligence as a Service Market
Artificial intelligence as a service in the medical field is driven by several factors, including the need to manage data more effectively and optimize healthcare costs, the growth of public-private partnerships, and the increased regional spending on healthcare. Additionally, the market for artificial intelligence in the medical sector is anticipated to grow as opportunities in geriatric population care with the aid of AI technology and imaging & diagnostics to generate data for research development arise.
Regional Outlooks
The global artificial intelligence as a service market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for particular region or country level as per the requirement. Among these, the Asia-Pacific regional market is expected to cater prominent growth over the forecast period due to growing awareness among end-users and increasing use of digital technologies.
Global Artificial Intelligence as a Service Market Growth, by Region 2023-2030
The North American Region is expected to Hold Prominent Share in the Global Artificial Intelligence as a Service Market
The North American region is expected to hold prominent share in the market due to rising technological advancements, rising adoption of digital technologies among countries such as US and Canada. The US has a robust innovation ecosystem fueled by strategic federal investments into advanced technology, complemented by the presence of visionary scientists and entrepreneurs coming together and renowned research institutions, which have propelled the development of AI as a service in the North American region. To address the difficulties of AI research and workforce development, institutes bring together the commercial sector, organizations, academics, and federal, state, and municipal authorities. Such government initiatives for the development of AI will drive the market growth.
Market Players Outlook
The major companies serving the global artificial intelligence as a service market include Microsoft Corp., Google LLC, Amazon Web Services Inc., IBM Corp, Salesforce Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2022, the AI4HealthyCities Health Equity Network was established by the Novartis Foundation, Microsoft AI for Health, and the New York University (NYU) School of Global Public Health as a joint endeavor to employ data analytics and artificial intelligence (AI) to address heart health inequities.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global artificial intelligence as a service market. Based on the avail-ability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Artificial Intelligence as a Service Market by Deployment
4.1.1. Public
4.1.2. Private
4.1.3. Hybrid
4.2. Global Artificial Intelligence as a Service Market by Technology
4.2.1. Machine Learning
4.2.2. Computer Vision
4.2.3. Natural Language Processing
4.2.4. Others
4.3. Global Artificial Intelligence as a Service Market by End-User
4.3.1. BFSI
4.3.2. Retail
4.3.3. Healthcare
4.3.4. IT & Telecommunication
4.3.5. Manufacturing
4.3.6. Energy
4.3.7. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Alphabet Inc.
6.2. Amazon Web Services, Inc.
6.3. Apple Inc.
6.4. BigML Inc.
6.5. Craft AI
6.6. Google LLC
6.7. H2O.Ai, Inc.
6.8. International Business Management Corp.
6.9. Microsoft Corp.
6.10. Oracle Corp.
6.11. Salesforce Inc.
6.12. SAS Institute Inc.
1. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY DE-PLOYMENT, 2022-2030 ($ MILLION)
2. GLOBAL PUBLIC ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL PRIVATE ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL HYBRID ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY TECH-NOLOGY, 2022-2030 ($ MILLION)
6. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE BY MACHINE LEARNING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE BY COMPUTER VISION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE BY NATURAL LANGUAGE PROCESSING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE BY OTHER TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
11. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE FOR RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE FOR IT & TELECOMMUNICATION MARKET RE-SEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE FOR ENERGY MARKET RESEARCH AND ANALY-SIS BY REGION, 2022-2030 ($ MILLION)
17. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE FOR OTHERS MARKET RESEARCH AND ANALY-SIS BY REGION, 2022-2030 ($ MILLION)
18. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
19. NORTH AMERICAN ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
20. NORTH AMERICAN ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2022-2030 ($ MILLION)
21. NORTH AMERICAN ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
22. NORTH AMERICAN ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
23. EUROPEAN ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
24. EUROPEAN ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY DE-PLOYMENT, 2022-2030 ($ MILLION)
25. EUROPEAN ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
26. EUROPEAN ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
27. ASIA-PACIFIC ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
28. ASIA-PACIFIC ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2022-2030 ($ MILLION)
29. ASIA-PACIFIC ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
30. ASIA-PACIFIC ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
31. REST OF THE WORLD ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALY-SIS BY COUNTRY, 2022-2030 ($ MILLION)
32. REST OF THE WORLD ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALY-SIS BY DEPLOYMENT, 2022-2030 ($ MILLION)
33. REST OF THE WORLD ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALY-SIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
34. REST OF THE WORLD ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET RESEARCH AND ANALY-SIS BY END-USER, 2022-2030 ($ MILLION)
1. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SHARE BY DEPLOYMENT, 2022 VS 2030 (%)
2. GLOBAL PUBLIC ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL PRIVATE ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL HYBRID ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SHARE BY TECHNOLOGY, 2022 VS 2030 (%)
6. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE BY MACHINE LEARNING MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE BY COMPUTER VISION MARKET SHARE BY RE-GION, 2022 VS 2030 (%)
8. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE BY NATURAL LANGUAGE PROCESSING MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE BY OTHER TECHNOLOGY MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SHARE BY END-USER, 2022 VS 2030 (%)
11. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE FOR BFSI MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE FOR RETAIL MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE FOR HEALTHCARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE FOR IT & TELECOMMUNICATION MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE FOR MANUFACTURING MARKET SHARE BY RE-GION, 2022 VS 2030 (%)
16. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE FOR ENERGY MARKET SHARE BY REGION, 2022 VS 2030 (%)
17. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE FOR OTHERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
18. GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SHARE BY REGION, 2022 VS 2030 (%)
19. US ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SIZE, 2022-2030 ($ MILLION)
20. CANADA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SIZE, 2022-2030 ($ MILLION)
21. UK ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SIZE, 2022-2030 ($ MILLION)
22. FRANCE ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SIZE, 2022-2030 ($ MILLION)
23. GERMANY ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SIZE, 2022-2030 ($ MILLION)
24. ITALY ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SIZE, 2022-2030 ($ MILLION)
25. SPAIN ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SIZE, 2022-2030 ($ MILLION)
26. REST OF EUROPE ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SIZE, 2022-2030 ($ MIL-LION)
27. INDIA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SIZE, 2022-2030 ($ MILLION)
28. CHINA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SIZE, 2022-2030 ($ MILLION)
29. JAPAN ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SIZE, 2022-2030 ($ MILLION)
30. SOUTH KOREA ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SIZE, 2022-2030 ($ MILLION)
31. REST OF ASIA-PACIFIC ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SIZE, 2022-2030 ($ MILLION)
32. REST OF THE WORLD ARTIFICIAL INTELLIGENCE AS A SERVICE MARKET SIZE, 2022-2030 ($ MIL-LION)
