Market By Industry Verticals, Technology, Organization Size And Geography | Forecast 2019-2027
After a detailed analysis, Triton has concluded that the Artificial Intelligence as a Service market is expected to display an upward trend in terms of revenue and is estimated to grow at a CAGR of 40.75% from the forecasting years 2019 to 2027. The market was assessed to be worth $1434.45 million in the year 2018 and is predicted to generate a revenue of approximately $30848.94 million by the year 2027.
Artificial Intelligence (AI) is the augmentation and imitation of human activity and behaviour to increase output or efficiency. But the adoption of artificial intelligence requires technological expertise and investments. Hence various organizations whose core business is IT consulting provide artificial intelligence for a fee. This market where there is a third party offering artificial intelligence is called as an Artificial Intelligence as a Service market.
The Artificial Intelligence as a Service market report from Triton provides a detailed analysis of the market definition, key insights regarding the industry, evolution & transition, regulatory framework, market attractiveness index, vendor scorecard and Porter’s five force analysis.
The growth of this market is driven by factors such as the cost and technological advantages of AIaaS and the rising cloud computing market. Artificial Intelligence is a way of making a computer, a computer-controlled robot or a software think intelligently, in a manner similar to which the intelligent humans think. An artificial intelligence (AI) system includes learning, reasoning and self-correction powered by machine learning. Expert systems, machine vision and speech recognition are some of the applications of artificial intelligence. The difference between the cheapest and the most expensive price points is an 830% difference. A software development firm estimates $6,000 to $12,240 for a simpler chatbot which isn’t, for example, designed to represent a major brand with the high standards that come with it. So in general, these numbers tell us that we can build a simple chatbot for a few thousand dollars, but developing something really advanced is going to run you six figures.
Key opportunities such as uncharted markets for artificial intelligence, growing analytical solutions market and increasing application areas are leveraging the market growth over the projected period. Lack of awareness, AI intelligence professional shortage, data privacy issues and lack of computing power are the key challenges and restraints that are curbing the growth of the market globally.
Geographies covered for Artificial Intelligence as a Service market:
• North America: United States and Canada
• Europe: United Kingdom, Germany, France, Italy, Spain, Russia and Rest of Europe
• Asia-Pacific: China, Japan, India, South Korea, ASEAN countries, Australia & New Zealand and Rest of Asia-Pacific
• Latin America: Brazil, Mexico and Rest of Latin America
• The Middle East and Africa: United Arab Emirates, Turkey, Saudi Arabia, South Africa and Rest of the Middle East and Africa
The Artificial Intelligence as a Service market, in this report, has been segmented as:
• Market by Industry Verticals
O BFSI
O IT & Telecom
O Retail
O Manufacturing
O Public Sector
O Energy Utilities
O Healthcare
O Others
• Market by Technology
O Machine Learning
O Computer Vision
O Natural Language Processing
O Other
• Market by Organization Size
O Small & Medium Enterprise
O Large Enterprise
Major players engaged in Artificial Intelligence as a Service market are H2O.ai, Yottamine Analytics, Vital AI, Absolutdata, CognitiveScale Inc., International Business Machines, Fair Isaac Corporation, SAP SE, BigML, Fuzzy.ai, Amazon, Microsoft Corporation, Apple Inc., Centurysoft, Salesforce, Intel, SAS, DataRobot Inc. and Alphabet Inc. (Google LLC).
The strategic analysis for each of these companies in Artificial Intelligence as a Service market has been covered in detail. The company market share helps in diving into the information about the key market players and hold of each company on the market.
Market by Technology (Data ana ..
VIEW REPORT1. ARTIFICIAL
INTELLIGENCE AS A SERVICE MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. IT
& TELECOM IS THE LARGEST SEGMENT BY INDUSTRY VERTICALS
2.2.2. AI
CAUSING DISRUPTIONS IN VARIOUS INDUSTRIES
2.2.3. HARDWARE
ARCHITECTURE PLAYS A CRUCIAL ROLE FOR CLOUD COMPUTING
2.3. EVOLUTION
& TRANSITION OF ARTIFICIAL INTELLIGENCE AS A SERVICE
2.4. PORTER’S
FIVE FORCES MODEL
2.4.1. THREAT
OF NEW ENTRANTS
2.4.2. THREAT
OF SUBSTITUTE
2.4.3. BARGAINING
POWER OF SUPPLIERS
2.4.4. BARGAINING
POWER OF BUYERS
2.4.5. INTENSITY
OF COMPETITIVE RIVALRY
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. MARKET
DRIVERS
2.7.1. COST
AND TECHNOLOGICAL ADVANTAGES OF AIAAS
2.7.2. RISING
CLOUD COMPUTING MARKET
2.8. MARKET
RESTRAINTS
2.8.1. LACK
OF AWARENESS
2.8.2. AI
INTELLIGENCE PROFESSIONAL SHORTAGE
2.9. MARKET
OPPORTUNITIES
2.9.1. UNCHARTED
MARKETS FOR ARTIFICIAL INTELLIGENCE
2.9.2. ANALYTICAL
SOLUTIONS SHOW GROWING TRENDS
2.9.3. GROWING
APPLICATION AREAS
2.10. MARKET
CHALLENGES
2.10.1. DATA
PRIVACY ISSUES
2.10.2. LACK
OF COMPUTING POWER
3. ARTIFICIAL
INTELLIGENCE AS A SERVICE MARKET OUTLOOK - BY INDUSTRY VERTICALS
3.1. BFSI
3.2. IT
& TELECOM
3.3. RETAIL
3.4. MANUFACTURING
3.5. PUBLIC
SECTOR
3.6. ENERGY
UTILITIES
3.7. HEALTHCARE
3.8. OTHERS
4. ARTIFICIAL
INTELLIGENCE AS A SERVICE MARKET OUTLOOK - BY TECHNOLOGY
4.1. MACHINE
LEARNING
4.2. COMPUTER
VISION
4.3. NATURAL
LANGUAGE PROCESSING
4.4. OTHER
5. ARTIFICIAL
INTELLIGENCE AS A SERVICE MARKET OUTLOOK - BY ORGANIZATION SIZE
5.1. SMALL
& MEDIUM ENTERPRISE
5.2. LARGE
ENTERPRISE
6. ARTIFICIAL
INTELLIGENCE AS A SERVICE MARKET - REGIONAL OUTLOOK
6.1. NORTH
AMERICA
6.1.1. MARKET
BY TECHNOLOGY
6.1.2. MARKET
BY ORGANIZATION SIZE
6.1.3. MARKET
BY INDUSTRY VERTICALS
6.1.4. COUNTRY
ANALYSIS
6.1.4.1. UNITED
STATES
6.1.4.2. CANADA
6.2. EUROPE
6.2.1. MARKET
BY TECHNOLOGY
6.2.2. MARKET
BY ORGANIZATION SIZE
6.2.3. MARKET
BY INDUSTRY VERTICALS
6.2.4. COUNTRY
ANALYSIS
6.2.4.1. UNITED
KINGDOM
6.2.4.2. GERMANY
6.2.4.3. FRANCE
6.2.4.4. SPAIN
6.2.4.5. ITALY
6.2.4.6. RUSSIA
6.2.4.7. REST
OF EUROPE
6.3. ASIA-PACIFIC
6.3.1. MARKET
BY TECHNOLOGY
6.3.2. MARKET
BY ORGANIZATION SIZE
6.3.3. MARKET
BY INDUSTRY VERTICALS
6.3.4. COUNTRY
ANALYSIS
6.3.4.1. CHINA
6.3.4.2. JAPAN
6.3.4.3. INDIA
6.3.4.4. SOUTH
KOREA
6.3.4.5. ASEAN
COUNTRIES
6.3.4.6. AUSTRALIA
& NEW ZEALAND
6.3.4.7. REST
OF ASIA-PACIFIC
6.4. LATIN
AMERICA
6.4.1. MARKET
BY TECHNOLOGY
6.4.2. MARKET
BY ORGANIZATION SIZE
6.4.3. MARKET
BY INDUSTRY VERTICALS
6.4.4. COUNTRY
ANALYSIS
6.4.4.1. BRAZIL
6.4.4.2. MEXICO
6.4.4.3. REST
OF LATIN AMERICA
6.5. MIDDLE
EAST & AFRICA
6.5.1. MARKET
BY TECHNOLOGY
6.5.2. MARKET
BY ORGANIZATION SIZE
6.5.3. MARKET
BY INDUSTRY VERTICALS
6.5.4. COUNTRY
ANALYSIS
6.5.4.1. UNITED
ARAB EMIRATES
6.5.4.2. TURKEY
6.5.4.3. SAUDI
ARABIA
6.5.4.4. SOUTH
AFRICA
6.5.4.5. REST
OF MIDDLE EAST & AFRICA
7. COMPETITIVE
LANDSCAPE
7.1. ABSOLUTDATA
7.2. ALPHABET,
INC. (GOOGLE LLC)
7.3. AMAZON
7.4. APPLE,
INC.
7.5. BIGML
7.6. CENTURYSOFT
7.7. COGNITIVESCALE,
INC.
7.8. DATAROBOT,
INC.
7.9. FAIR
ISAAC CORPORATION
7.10. FUZZY.AI
7.11. H2O.AI
7.12. INTEL
7.13. INTERNATIONAL
BUSINESS MACHINES
7.14. MICROSOFT
CORPORATION
7.15. SALESFORCE
7.16. SAP
SE
7.17. SAS
7.18. VITAL
AI
7.19. YOTTAMINE
ANALYTICS
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.1.1. OBJECTIVES
OF STUDY
8.2. SOURCES
OF DATA
8.2.1. PRIMARY
DATA SOURCES
8.2.2. SECONDARY
DATA SOURCES
8.3. RESEARCH
METHODOLOGY
8.3.1. EVALUATION
OF PROPOSED MARKET
8.3.2. IDENTIFICATION
OF DATA SOURCES
8.3.3. ASSESSMENT
OF MARKET DETERMINANTS
8.3.4. DATA
COLLECTION
8.3.5. DATA
VALIDATION & ANALYSIS
TABLE 1: GLOBAL ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: GLOBAL ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, BY INDUSTRY VERTICALS, 2019-2027 (IN $ MILLION)
TABLE 4: GLOBAL ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)
TABLE 5: GLOBAL ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, BY ORGANIZATION SIZE, 2019-2027 (IN $ MILLION)
TABLE 6: GLOBAL ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)
TABLE 7: NORTH AMERICA ARTIFICIAL INTELLIGENCE AS
A SERVICE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 8: NORTH AMERICA ARTIFICIAL INTELLIGENCE AS
A SERVICE MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)
TABLE 9: NORTH AMERICA ARTIFICIAL INTELLIGENCE AS
A SERVICE MARKET, BY ORGANIZATION SIZE, 2019-2027 (IN $ MILLION)
TABLE 10: NORTH AMERICA ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, BY INDUSTRY VERTICALS, 2019-2027 (IN $ MILLION)
TABLE 11: EUROPE ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 12: EUROPE ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)
TABLE 13: EUROPE ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY ORGANIZATION SIZE, 2019-2027 (IN $ MILLION)
TABLE 14: EUROPE ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY INDUSTRY VERTICALS, 2019-2027 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 16: ASIA-PACIFIC ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, BY ORGANIZATION SIZE, 2019-2027 (IN $ MILLION)
TABLE 18: ASIA-PACIFIC ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, BY INDUSTRY VERTICALS, 2019-2027 (IN $ MILLION)
TABLE 19: LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, 2019-2027 (IN $ MILLION)
TABLE 20: LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)
TABLE 21: LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, BY ORGANIZATION SIZE, 2019-2027 (IN $ MILLION)
TABLE 22: LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, BY INDUSTRY VERTICALS, 2019-2027 (IN $ MILLION)
TABLE 23: MIDDLE EAST & AFRICA ARTIFICIAL
INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
TABLE 24: MIDDLE EAST & AFRICA ARTIFICIAL
INTELLIGENCE AS A SERVICE MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)
TABLE 25: MIDDLE EAST & AFRICA ARTIFICIAL
INTELLIGENCE AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2019-2027 (IN $
MILLION)
TABLE 26: MIDDLE EAST & AFRICA ARTIFICIAL
INTELLIGENCE AS A SERVICE MARKET, BY INDUSTRY VERTICALS, 2019-2027 (IN $
MILLION)
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY BFSI, 2019-2027 (IN $ MILLION)
FIGURE 3: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY IT & TELECOM, 2019-2027 (IN $ MILLION)
FIGURE 4: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY RETAIL, 2019-2027 (IN $ MILLION)
FIGURE 5: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY MANUFACTURING, 2019-2027 (IN $ MILLION)
FIGURE 6: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY PUBLIC SECTOR, 2019-2027 (IN $ MILLION)
FIGURE 7: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY ENERGY UTILITIES, 2019-2027 (IN $ MILLION)
FIGURE 8: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)
FIGURE 9: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 10: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY MACHINE LEARNING, 2019-2027 (IN $ MILLION)
FIGURE 11: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY COMPUTER VISION, 2019-2027 (IN $ MILLION)
FIGURE 12: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY NATURAL LANGUAGE PROCESSING, 2019-2027 (IN $ MILLION)
FIGURE 13: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY OTHER, 2019-2027 (IN $ MILLION)
FIGURE 14: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY SMALL & MEDIUM ENTERPRISE, 2019-2027 (IN $ MILLION)
FIGURE 15: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, BY LARGE ENTERPRISE, 2019-2027 (IN $ MILLION)
FIGURE 16: GLOBAL ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 17: UNITED STATES ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 18: CANADA ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 19: UNITED KINGDOM ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 20: GERMANY ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 21: FRANCE ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 22: SPAIN ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 23: ITALY ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 24: RUSSIA ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 25: REST OF EUROPE ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 26: CHINA ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 27: JAPAN ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 28: INDIA ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 29: SOUTH KOREA ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 30: ASEAN COUNTRIES ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 31: AUSTRALIA & NEW ZEALAND ARTIFICIAL
INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 32: REST OF ASIA-PACIFIC ARTIFICIAL INTELLIGENCE
AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 33: LATIN AMERICA ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 34: BRAZIL ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 35: MEXICO ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 36: REST OF LATIN AMERICA ARTIFICIAL INTELLIGENCE
AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 37: MIDDLE EAST & AFRICA ARTIFICIAL
INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 38: UNITED ARAB EMIRATES ARTIFICIAL INTELLIGENCE
AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 39: TURKEY ARTIFICIAL INTELLIGENCE AS A SERVICE
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 40: SAUDI ARABIA ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 41: SOUTH AFRICA ARTIFICIAL INTELLIGENCE AS A
SERVICE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 42: REST OF MIDDLE EAST & AFRICA ARTIFICIAL
INTELLIGENCE AS A SERVICE MARKET, 2019-2027 (IN $ MILLION)