Global Artificial Intelligence as a Service Market Insights by Emerging Trends, Leading Key Players, Future Growth and Revenue, Demand and Revenue Forecast 2020

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

Global Artificial Intelligence as a Service Market AI as a Service (AIaaS) is an offering of artificial intelligence (AI) outsourcing by third-party sources. It helps the companies to avoid making a large-scale investment by experimenting with AI with lower risk. The Global Artificial Intelligence as a Service Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global AI as a Service market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Artificial Intelligence as a Service Market Insights by Emerging Trends, Leading Key Players, Future Growth and Revenue, Demand and Revenue Forecast 2020

According to MarkNtel Advisors’ research report “Global Artificial Intelligence as a Service Market Analysis, 2020”, the Global AI as a Service market is anticipated to grow at a CAGR of 44% during 2020-25. Based on technology, Machine Learning (ML) and Deep Learning (DL) acquired the majority market share in the AIaaS market in 2019 due to the rising end-user industry inclination toward the deployment of AI industry solutions and incorporation of technology like chatbots for e-commerce and online banking companies.

However, Natural Language Processing is also foreseeing a boost in its market due to the growing demand for the technology, as it helps to understand human language such as text, speech, and sentiment analysis and interpret customer actions. Apart from this, the technology is vastly used in AI-powered service product such as chatbot service which is estimated to escalate the demand for natural language processing technology in the in the forthcoming period.

Banking Finance Service and Insurance Accounted for the Substantial Market Share
Based on end user, BFSI captured a considerable market share in the Global AI as a Service market in 2020 due to the adoption of artificial intelligence across Chabot’s, fraud detection, algorithmic trading. Moreover, the requirement for incorporation of technology to enhance operational productivity and to improve customer experience is also encouraging the adoption of AIaaS. Therefore, this is expected to strongly contribute toward the market growth of AI as a Service market in the near future as stated in the MarkNtel Advisors’ research report “Global Artificial Intelligence as a Service Market Analysis, 2020”.

According to MarkNtel Advisors, the key players with a considerable market share in the Global AI as a Service market include IBM, Google, Microsoft, Amazon Web Services, Salesforce, SAP, Intel, Oracle, SAS, Apple etc.

Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global AI as a Service Market?
2. What are the region-wise industry size, growth drivers, and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Global AI as a Service Market?
4. Who are the key competitors or market players and how they perform in Global AI as a Service Market based on competitive benchmarking matrix?

TABLE OF CONTENT

1. Introduction
1.1. Market Segmentation
1.2. Product Definition
1.3. Research Process
1.4. Assumptions
2. Executive Summary
3. Global Market Overview & Startup Ecosystem
4. Global Artificial Intelligence (AI) as a Service (AIaaS) Business Cases, By End Users
4.1. BFSI
4.2. Energy & Utility
4.3. Healthcare
4.4. Manufacturing
4.5. Retail
4.6. Government & Defense

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