USD 14.70 bn Growth in Artificial Intelligence-as-a-Service Market|Technavio
NEW YORK, June 15, 2022 /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, at a CAGR of 41% during the forecasted period, as per the latest report by Technavio. This report extensively covers artificial intelligence-as-a-service (AIaaS) market segmentations by end-user (retail and healthcare, BFSI, telecommunications, government and defense, and others) and geography (North America, APAC, Europe, and South America).
For Insights on Artificial Intelligence-as-a-Service Market -Download latest sample now!
Market Dynamics
The global artificial intelligence-as-a-service (AIaaS) industry is growing due to increased investment in research and development. The primary market trend driving the global artificial intelligence-as-a-service (AIaaS) market growth is cloud-based solutions. However, data privacy concerns are a major roadblock to the expansion of the global artificial intelligence-as-a-service (AIaaS) business.
Download sample for highlights on market Drivers & Challenges affecting the market.
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
- 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.
- Amazon.com Inc. -The company offers Amazon CodeGuru, Amazon Comprehend, Amazon Forecast, Amazon Translate, and others.
- 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.
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Sample Report.
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
- 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.
- 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
Download Sample: to know additional highlights and key points on various market segments and their impact in coming years.
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Artificial Intelligence-as-a-Service (AIaaS) Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2019 |
Forecast period | 2020-2024 |
Growth momentum & CAGR | Accelerate at a CAGR of 48.22% |
Market growth 2020-2024 | $ 15.14 billion |
Market structure | Concentrated |
YoY growth (%) | 42.68 |
Regional analysis | North America, APAC, Europe, and South America |
Performing market contribution | North America at 40% |
Key consumer countries | US, China, Germany, and Canada |
Competitive landscape | Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled | Alphabet Inc., Amazon.com Inc., Apple Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE, and SAS Institute Inc. |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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. |
Table of Contents
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis: Application software
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 15: End user - Market share 2020-2025 (%)
- 5.2 Comparison by End user
- Exhibit 16: Comparison by End user
- 5.3 Retail and healthcare - Market size and forecast 2020-2025
- Exhibit 17: Retail and healthcare - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Retail and healthcare - Year-over-year growth 2020-2025 (%)
- 5.4 BFSI - Market size and forecast 2020-2025
- Exhibit 19: BFSI - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: BFSI - Year-over-year growth 2020-2025 (%)
- 5.5 Telecommunication - Market size and forecast 2020-2025
- Exhibit 21: Telecommunication - Market size and forecast 2020-2025 ($ million)
- Exhibit 22: Telecommunication - Year-over-year growth 2020-2025 (%)
- 5.6 Government and defense - Market size and forecast 2020-2025
- Exhibit 23: Government and defense - Market size and forecast 2020-2025 ($ million)
- Exhibit 24: Government and defense - Year-over-year growth 2020-2025 (%)
- 5.7 Others - Market size and forecast 2020-2025
- Exhibit 25: Others - Market size and forecast 2020-2025 ($ million)
- Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
- 5.8 Market opportunity by End user
- Exhibit 27: Market opportunity by End user
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 29: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 30: Geographic comparison
- 7.3 North America - Market size and forecast 2020-2025
- Exhibit 31: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
- 7.4 APAC - Market size and forecast 2020-2025
- Exhibit 33: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: APAC - Year-over-year growth 2020-2025 (%)
- 7.5 Europe - Market size and forecast 2020-2025
- Exhibit 35: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 36: Europe - Year-over-year growth 2020-2025 (%)
- 7.6 MEA - Market size and forecast 2020-2025
- Exhibit 37: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
- 7.7 South America - Market size and forecast 2020-2025
- Exhibit 39: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 40: South America - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 41: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 42: Market opportunity by geography
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- Exhibit 43: Impact of drivers and challenges
- 8.3 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 44: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 45: Landscape disruption
- Exhibit 46: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 47: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 48: Market positioning of vendors
- 10.3 Alphabet Inc.
- Exhibit 49: Alphabet Inc. - Overview
- Exhibit 50: Alphabet Inc. - Business segments
- Exhibit 51: Alphabet Inc.-Key news
- Exhibit 52: Alphabet Inc. - Key offerings
- Exhibit 53: Alphabet Inc. - Segment focus
- 10.4 Amazon.com Inc.
- Exhibit 54: Amazon.com Inc. - Overview
- Exhibit 55: Amazon.com Inc. - Business segments
- Exhibit 56: Amazon.com Inc.- Key news
- Exhibit 57: Amazon.com Inc. - Key offerings
- Exhibit 58: Amazon.com Inc. - Segment focus
- 10.5 Apple Inc.
- Exhibit 59: Apple Inc. - Overview
- Exhibit 60: Apple Inc. - Business segments
- Exhibit 61: Apple Inc. -Key news
- Exhibit 62: Apple Inc. - Key offerings
- Exhibit 63: Apple Inc. - Segment focus
- 10.6 Intel Corp.
- Exhibit 64: Intel Corp. - Overview
- Exhibit 65: Intel Corp. - Business segments
- Exhibit 66: Intel Corp. -Key news
- Exhibit 67: Intel Corp. - Key offerings
- Exhibit 68: Intel Corp. - Segment focus
- 10.7 International Business Machines Corp.
- Exhibit 69: International Business Machines Corp. - Overview
- Exhibit 70: International Business Machines Corp. - Business segments
- Exhibit 71: International Business Machines Corp.- Key news
- Exhibit 72: International Business Machines Corp. - Key offerings
- Exhibit 73: International Business Machines Corp. - Segment focus
- 10.8 Microsoft Corp.
- Exhibit 74: Microsoft Corp. - Overview
- Exhibit 75: Microsoft Corp. - Business segments
- Exhibit 76: Microsoft Corp.- Key news
- Exhibit 77: Microsoft Corp. - Key offerings
- Exhibit 78: Microsoft Corp. - Segment focus
- 10.9 Oracle Corp.
- Exhibit 79: Oracle Corp. - Overview
- Exhibit 80: Oracle Corp. - Business segments
- Exhibit 81: Oracle Corp. - Key offerings
- Exhibit 82: Oracle Corp. - Segment focus
- 10.10 Salesforce.com Inc.
- Exhibit 83: Salesforce.com Inc. - Overview
- Exhibit 84: Salesforce.com Inc. - Business segments
- Exhibit 85: Salesforce.com Inc. -Key news
- Exhibit 86: Salesforce.com Inc. - Key offerings
- Exhibit 87: Salesforce.com Inc. - Segment focus
- 10.11 SAP SE
- Exhibit 88: SAP SE - Overview
- Exhibit 89: SAP SE - Business segments
- Exhibit 90: SAP SE - Key news
- Exhibit 91: SAP SE - Key offerings
- Exhibit 92: SAP SE - Segment focus
- 10.12 SAS Institute Inc.
- Exhibit 93: SAS Institute Inc. - Overview
- Exhibit 94: SAS Institute Inc. - Product and service
- Exhibit 95: SAS Institute Inc.- Key news
- Exhibit 96: SAS Institute Inc. - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Currency conversion rates for US$
- Exhibit 97: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 98: Research Methodology
- Exhibit 99: Validation techniques employed for market sizing
- Exhibit 100: Information sources
- 11.4 List of abbreviations
- Exhibit 101: List of abbreviations
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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