Pune, India, January 3rd, 2019, MRFR Press Release/- Market Research Future published a half-cooked research report on the Global Artificial Intelligence as a Service (AIaaS)market.
IBM Corporation, Google Inc., AWS, Microsoft Corporation, Salesforce, Baidu, SAP SE, Intel Corporation, Fair Isaac Corporation (FICO), BigML, Absolutdata, Fuzzy.AI, Vital AI, Rainbird Technologies, Craft.AI, Sift Science, Mighty.AI, Cognitive Scale, Centurysoft, Yottamine Analytics, and Datarobot Meya.AI are some of the key players in Artificial Intelligence as a Service (AIaaS) market.
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The market for Artificial Intelligence as a Service (AIaaS) is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of Artificial Intelligence as a Service (AIaaS) market is studied for North America (U.S, Canada, and Mexico), Europe (Germany, U.K, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Taiwan, Singapore and Rest of Asia-Pacifc), and the Rest Of The World (including the Middle East, Africa, and Latin America).North America is expected to dominate the Artificial Intelligence as a Service (AIaaS) market during the forecast period. North America is an established region in terms of advanced infrastructure and is widely known as an early adopter of new technologies. In North America, artificial intelligence as a service is deployed across various verticals including consumer, BFSI, enterprise and government. U.S is the leading market of artificial intelligence as a service in North America.
Europe is expected to be the second dominant market of artificial intelligence as a service. Increasing usage of AI and cognitive computing algorithm-based software by industries is fueling the growth of AIaaS in this region. Also, government initiatives to bring advanced technologies in the ecosystem of each country of Europe is further boosting the market growth of AIaaS here in coming years.
Asia-Pacific Artificial Intelligence as a Service (AIaaS) market is projected to grow with fastest growing CAGR during forecast period. China, Japan, Singapore, South Korea among all other countries is leading the Artificial Intelligence as a Service (AIaaS) market in the region. Increasing awareness about the benefits of AI enabled products and services among end-users and increasing usage of digital technology supported by government are some of the prime driving factors for the growth of the market in this region in the coming years.
Rest of the world (RoW) comprise of Artificial Intelligence as a Service (AIaaS)market in The Middle East & Africa and Latin America. RoW Artificial Intelligence as a Service (AIaaS) market is expected to grow with slow and steady growth rate due to lack of technical skills and infrastructure.