Product Code: TC 6185
The AI as a service market is projected to grow from USD 14.00 billion in 2024 to USD 72.13 billion by 2029, at a compound annual growth rate (CAGR) of 38.8% during the forecast period. The market is anticipated to grow due to increased investment from venture capital in AI startups, focus on enhancing customer experience through AI-driven personalization, and collaborative ecosystems among tech giants and startups foster AI advancement. However, growth may be restrained by dependence on high-quality data for AI model accuracy limits effectiveness, unclear intellectual property ownership in AIaaS deployments, and concerns over the long-term sustainability of AIaaS pricing models.
Scope of the Report |
Years Considered for the Study | 2019-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | USD (Billion) |
Segments | Product Type, Organization Size, Business Function, Service Type, End User, and Region |
Regions covered | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
"Rapid growth of healthcare and life sciences driven by AI innovations and personalized medicine"
The healthcare and life sciences end user segment market is set for rapid growth due to the increasing demand for personalized medicine, driven by AI's ability to analyze vast datasets for tailored treatment plans. Innovations in predictive analytics enhance patient care by identifying health trends and enabling proactive interventions. The rise of telehealth and remote monitoring solutions, facilitated by AI, is transforming patient engagement. Regulatory support for AI-driven solutions accelerates adoption, positioning this sector as a leader in the AIaaS market.
"Transforming sales with AI-driven insights and automation for enhanced performance"
During the forecast period, the sales business function is set to capture the largest market share in AI as a Service market due to the growing reliance on data-driven insights to enhance sales strategies. AI technologies enable organizations to analyze customer behavior, optimize lead scoring, and personalize outreach through chatbots, resulting in improved conversion rates. Automation of routine tasks allows sales teams to focus on high-value interactions, while predictive analytics empower businesses to forecast trends and customer needs more accurately, driving overall revenue growth.
"Asia Pacific's rapid AIaaS growth fueled by innovation and emerging technologies, while North America leads in market size"
The Asia Pacific region is expected to be the fastest-growing market for AI as a Service due to significant advancements in AI research and development, coupled with a surge in AI adoption across sectors such as manufacturing and agriculture. The region's strong focus on integrating AI with emerging technologies like IoT and 5G is driving innovation and creating smart ecosystems. In contrast, North America remains the largest market, bolstered by its robust technology infrastructure, substantial venture capital investments, and a strong presence of leading AI companies pushing the boundaries of AI capabilities.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the AI as a service market.
- By Company: Tier I - 35%, Tier II - 45%, and Tier III - 20%
- By Designation: C-Level Executives - 35%, D-Level Executives - 25%, and others - 40%
- By Region: North America - 40%, Europe - 25%, Asia Pacific - 20%, Middle East & Africa - 10%, and Latin America - 5%
The report includes the study of key players offering AIaaS solutions and services. It profiles major vendors in the AI as a service market. The major players in the AI as a service market include Microsoft (US), IBM (US), SAP (Germany), AWS (US), Google (US), Salesforce (US), Oracle (US), NVIDIA (US), FICO (US), Cloudera (US), ServiceNow (US), HPE (US), Altair (US), OpenAI (US), SAS Institute (US), DataRobot (US), Databricks (US), C3 AI (US), H2O.ai (US), Alibaba Cloud (China), Rainbird Technologies (UK), BigML (US), Cohere (Canada), Glean (US), Yottamine Analytics (US), Scale AI (US), Landing AI (US), Yellow.ai (US), Inflection AI (US), Anyscale (US), Abridge (US), Mistral AI (France), Codeium (US), Arthur (US), Levity AI (US), Unstructured AI (US), Clarifai (US), Synthesia (UK), Katonic AI (Australia), Deepsearch (Austria), MindTitan (Estonia), Viso.ai (Switzerland) and Softweb Solutions (US).
Research coverage
This research report categorizes the AI as a service Market By product Type (Chatbots and virtual assistants, machine learning frameworks, application programming interface (API), No-code or low-code ml tools and data pre-processing Tools), By Organization Size (small & medium-sized enterprises and large enterprises), By Business Function (Finance, Marketing, sales, Human Resource and Operations & Supply Chain), By Service Type (machine learning as a service (MLaaS), Natural language processing as a service (NLPaaS), computer vision as a service, Predictive Analytics and Data Science as a service (DSaaS) and Generative AI as a service), By End user(Enterprise and Individual users), End User by Enterprise (BFSI, Retail & Ecommerce, Technology, Media & Entertainment, Manufacturing, Healthcare & Life Sciences, Energy & Utilities, Government & Defense, Telecommunications, Transportation & Logistics, and Other Enterprise level End Users [Travel & Hospitality, Education and Construction & Real-estate]), and By Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the AI as a service market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the AI as a service market. Competitive analysis of upcoming startups in the AI as a service market ecosystem is covered in this report.
Key Benefits of Buying the Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall AI as a service market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (AIaaS democratizes access for small and medium enterprises, Growing demand for AI-enhanced cybersecurity solutions to combat sophisticated threats and The rise of pre-trained AI models that require minimal customization accelerates AIaaS adoption), restraints (Integration issues with legacy systems create inefficiencies, Managing the environmental impact of energy-intensive AI computations and data centers and High dependency on cloud providers hampers trust and hinders adoption), opportunities (Emergence of federated learning techniques for collaborative AI model training, Increasing demand for explainable AI (XAI) to enhance trust and transparency and Rising interest in quantum computing-based AI services for complex problem-solving), and challenges (Balancing innovation with regulatory compliance, mitigating the risks associated with AI model drift and maintaining model accuracy over time and managing the cost of high-performance AI infrastructure).
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the AI as a service market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the AI as a service market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the AI as a service market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Microsoft (US), IBM (US), SAP (Germany), AWS (US), Google (US), Salesforce (US), Oracle (US), NVIDIA (US), FICO (US), Cloudera (US), ServiceNow (US), HPE (US), Altair (US), OpenAI (US), SAS Institute (US), DataRobot (US), Databricks (US), C3 AI (US), H2O.ai (US), Alibaba Cloud (China), Rainbird Technologies (UK), BigML (US), Cohere (Canada), Glean (US), Yottamine Analytics (US), Scale AI (US), Landing AI (US), Yellow.ai (US), Inflection AI (US), Anyscale (US), Abridge (US), Mistral AI (France), Codeium (US), Arthur (US), Levity AI (US), Unstructured AI (US), Clarifai (US), Synthesia (UK), Katonic AI (Australia), Deepsearch (Austria), MindTitan (Estonia), Viso.ai (Switzerland) and Softweb Solutions (US), among others in the AI as a service market. The report also helps stakeholders understand the pulse of the AI as a service market and provides them with information on key market drivers, restraints, challenges, and opportunities.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.2.1 INCLUSIONS AND EXCLUSIONS
- 1.3 MARKET SCOPE
- 1.3.1 MARKET SEGMENTATION
- 1.3.2 YEARS CONSIDERED
- 1.4 CURRENCY CONSIDERED
- 1.5 STAKEHOLDERS
- 1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Breakup of primary profiles
- 2.1.2.2 Key industry insights
- 2.2 MARKET BREAKUP AND DATA TRIANGULATION
- 2.3 MARKET SIZE ESTIMATION
- 2.3.1 TOP-DOWN APPROACH
- 2.3.2 BOTTOM-UP APPROACH
- 2.4 MARKET FORECAST
- 2.5 RESEARCH ASSUMPTIONS
- 2.6 STUDY LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES IN AI AS A SERVICE MARKET
- 4.2 AI AS A SERVICE MARKET: TOP THREE SERVICE TYPES
- 4.3 NORTH AMERICA: AI AS A SERVICE MARKET, BY PRODUCT TYPE AND ENTERPRISE END USER
- 4.4 AI AS A SERVICE MARKET, BY REGION
5 MARKET OVERVIEW AND INDUSTRY TRENDS
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 AIaaS democratizes access for small and medium enterprises
- 5.2.1.2 Growing demand for AI-enhanced cybersecurity solutions to combat sophisticated threats
- 5.2.1.3 Rise of pre-trained AI models that require minimal customization accelerates AIaaS adoption
- 5.2.2 RESTRAINTS
- 5.2.2.1 Integration issues with legacy systems create inefficiencies
- 5.2.2.2 Managing environmental impact of energy-intensive AI computations and data centers
- 5.2.2.3 High dependency on cloud providers hampers trust and hinders adoption
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Emergence of federated learning techniques for collaborative AI model training
- 5.2.3.2 Increasing demand for explainable AI (XAI) to enhance trust and transparency
- 5.2.3.3 Rising interest in quantum computing-based AI services for complex problem-solving
- 5.2.4 CHALLENGES
- 5.2.4.1 Balancing innovation with regulatory compliance is complex
- 5.2.4.2 Mitigating risks associated with AI model drift and maintaining model accuracy over time
- 5.2.4.3 Managing cost of high-performance AI infrastructure
- 5.3 IMPACT OF GENERATIVE AI ON AI AS A SERVICE MARKET
- 5.3.1 TOP USE CASES & MARKET POTENTIAL
- 5.3.2 CUSTOMER SERVICE & SUPPORT AUTOMATION
- 5.3.3 CONTENT GENERATION & PERSONALIZATION
- 5.3.4 INTELLIGENT DOCUMENT PROCESSING
- 5.3.5 AUTOMATED CODE GENERATION & SOFTWARE DEVELOPMENT
- 5.3.6 ENHANCED SECURITY & FRAUD DETECTION
- 5.3.7 VIRTUAL TRAINING & SIMULATION
- 5.4 AI AS A SERVICE MARKET: EVOLUTION
- 5.5 ECOSYSTEM ANALYSIS
- 5.5.1 CHATBOTS AND API PROVIDERS
- 5.5.2 MACHINE LEARNING FRAMEWORK PROVIDERS
- 5.5.3 NO-CODE/LOW-CODE TOOL PROVIDERS
- 5.5.4 DATA PRE-PROCESSING TOOL PROVIDERS
- 5.5.5 PUBLIC & MANAGED CLOUD PROVIDERS
- 5.5.6 END USERS
- 5.6 SUPPLY CHAIN ANALYSIS
- 5.7 INVESTMENT LANDSCAPE AND FUNDING SCENARIO
- 5.8 CASE STUDY ANALYSIS
- 5.8.1 CASE STUDY 1: ADVANCED ANALYTICS AND VISUAL AI FOR ACCELERATING ION CHANNEL DRUG DISCOVERY
- 5.8.2 CASE STUDY 2: ELULA'S AI SOLUTIONS HELPED BANKS IMPROVE CUSTOMER RETENTION
- 5.8.3 CASE STUDY 3: NAMA RELIES ON GOOGLE CLOUD TO FURTHER GENERATIVE AI AND BECOME MORE STRATEGIC BUSINESS
- 5.8.4 CASE STUDY 4: IMPROVING CUSTOMER SERVICE AND FRAUD DETECTION WITH IBM AIAAS
- 5.8.5 CASE STUDY 5: AUTOMATING SUPPORT REQUEST TRIAGE WITH SALESFORCE AIAAS
- 5.8.6 CASE STUDY 6: MICROSOFT AZURE AIAAS EMPOWERED ALASKA AIRLINES TO OPTIMIZE ON-TIME PERFORMANCE WITH PREDICTIVE MAINTENANCE
- 5.9 TECHNOLOGY ANALYSIS
- 5.9.1 KEY TECHNOLOGIES
- 5.9.1.1 Generative AI
- 5.9.1.2 Machine Learning
- 5.9.1.3 Conversational AI
- 5.9.1.4 Cloud Computing
- 5.9.1.5 Natural Language Processing (NLP)
- 5.9.2 COMPLEMENTARY TECHNOLOGIES
- 5.9.2.1 Cognitive Computing
- 5.9.2.2 Big Data Analytics
- 5.9.2.3 Robotic Process Automation (RPA)
- 5.9.3 ADJACENT TECHNOLOGIES
- 5.9.3.1 Quantum Computing
- 5.9.3.2 Internet of Things (IoT)
- 5.9.3.3 Cybersecurity
- 5.10 REGULATORY LANDSCAPE
- 5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 5.10.2 REGULATIONS, BY REGION
- 5.10.2.1 North America
- 5.10.2.1.1 SCR 17: Artificial Intelligence Bill (California)
- 5.10.2.1.2 SB 1103: Artificial Intelligence Automated Decision Bill (Connecticut)
- 5.10.2.1.3 National Artificial Intelligence Initiative Act (NAIIA)
- 5.10.2.1.4 The Artificial Intelligence and Data Act (AIDA) - Canada
- 5.10.2.2 Europe
- 5.10.2.2.1 The European Union (EU) - Artificial Intelligence Act (AIA)
- 5.10.2.2.2 General Data Protection Regulation (Europe)
- 5.10.2.3 Asia Pacific
- 5.10.2.3.1 Interim Administrative Measures for Generative Artificial Intelligence Services (China)
- 5.10.2.3.2 The National AI Strategy (Singapore)
- 5.10.2.3.3 The Hiroshima AI Process Comprehensive Policy Framework (Japan)
- 5.10.2.4 Middle East & Africa
- 5.10.2.4.1 The National Strategy for Artificial Intelligence (UAE)
- 5.10.2.4.2 The National Artificial Intelligence Strategy (Qatar)
- 5.10.2.4.3 The AI Ethics Principles and Guidelines (Dubai)
- 5.10.2.5 Latin America
- 5.10.2.5.1 The Santiago Declaration (Chile)
- 5.10.2.5.2 The Brazilian Artificial Intelligence Strategy (EBIA)
- 5.11 ARCHITECTURE: AI AS A SERVICE
- 5.11.1 AI INFRASTRUCTURE
- 5.11.2 AI SERVICES
- 5.11.3 AI TOOLS
- 5.12 PATENT ANALYSIS
- 5.12.1 METHODOLOGY
- 5.12.2 PATENTS FILED, BY DOCUMENT TYPE
- 5.12.3 INNOVATION AND PATENT APPLICATIONS
- 5.13 PRICING ANALYSIS
- 5.13.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SERVICE TYPE
- 5.13.2 INDICATIVE PRICING ANALYSIS, BY PRODUCT TYPE
- 5.14 KEY CONFERENCES AND EVENTS, 2024-2025
- 5.15 PORTER'S FIVE FORCES' ANALYSIS
- 5.15.1 THREAT OF NEW ENTRANTS
- 5.15.2 THREAT OF SUBSTITUTES
- 5.15.3 BARGAINING POWER OF SUPPLIERS
- 5.15.4 BARGAINING POWER OF BUYERS
- 5.15.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.16 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 5.16.1 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 5.17 KEY STAKEHOLDERS & BUYING CRITERIA
- 5.17.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.17.2 BUYING CRITERIA
6 AI AS A SERVICE MARKET, BY PRODUCT TYPE
- 6.1 INTRODUCTION
- 6.1.1 PRODUCT TYPE: AI AS A SERVICE MARKET DRIVERS
- 6.2 CHATBOTS & VIRTUAL ASSISTANTS
- 6.2.1 ORGANIZATIONS LOOKING AT AI AS A SERVICE PROVIDERS FOR ADVANCED SOLUTIONS WITHOUT INCURRING COSTS ON PHYSICAL STRUCTURES
- 6.3 MACHINE LEARNING FRAMEWORKS
- 6.3.1 OPEN-SOURCE FRAMEWORKS SUCH AS TENSORFLOW, PYTORCH, AND SCIKIT-LEARN INCREASINGLY BEING EMBRACED IN AIAAS MARKET
- 6.4 APPLICATION PROGRAMMING INTERFACE (API)
- 6.4.1 API PROVIDES EFFICIENT METHODS TO INTERACT WITH AI SERVICES SO BUSINESSES CAN INCORPORATE ADVANCED AI TECHNOLOGIES
- 6.5 NO-CODE OR LOW-CODE ML TOOLS
- 6.5.1 EASE OF ACCESS SPEEDS UP DEVELOPMENT AND PROMOTES WIDER ADOPTION OF AI IN DIFFERENT VERTICALS
- 6.6 DATA PRE-PROCESSING TOOLS
- 6.6.1 DATA PRE-PROCESSING TOOLS HELP TO CLEAN, TRANSFORM, AND STRUCTURE DATA, ENSURING ITS QUALITY AND CONSISTENCY
7 AI AS A SERVICE MARKET, BY SERVICE TYPE
- 7.1 INTRODUCTION
- 7.1.1 SERVICE TYPE: AI AS A SERVICE MARKET DRIVERS
- 7.2 MACHINE LEARNING AS A SERVICE (MLAAS)
- 7.2.1 USERS CAN LEVERAGE MLAAS PLATFORMS TO CREATE PREDICTIVE MODELS, TAKING ADVANTAGE OF SCALABILITY AND FLEXIBILITY
- 7.2.2 DATA PREPARATION AND PREPROCESSING
- 7.2.3 MODEL DEVELOPMENT AND TRAINING
- 7.2.4 MODEL DEPLOYMENT AND MANAGEMENT
- 7.2.5 MODEL EVALUATION AND TESTING
- 7.2.6 RECOMMENDATION SERVICES
- 7.2.7 OTHERS IN MACHINE LEARNING AS A SERVICE
- 7.3 NATURAL LANGUAGE PROCESSING AS A SERVICE (NLPAAS)
- 7.3.1 QUALITY CONTROL MECHANISMS IN NLPAAS PLATFORMS, ACCURACY, AND EFFECTIVENESS OF MODELS TO BE MAINTAINED THROUGH CONTINUOUS MONITORING
- 7.3.2 SPEECH RECOGNITION
- 7.3.3 SEMANTIC SEARCH
- 7.3.4 SENTIMENT ANALYSIS
- 7.3.5 VOICE RECOGNITION
- 7.3.6 TEXT-TO-SPEECH (TTS)
- 7.3.7 OTHERS IN NATURAL LANGUAGE PROCESSING AS A SERVICE
- 7.4 COMPUTER VISION AS A SERVICE
- 7.4.1 ENTERPRISES CAN ATTAIN HIGH ACCURACY IN PROCESSES LIKE OBJECT DETECTION, FACIAL RECOGNITION, AND IMAGE CLASSIFICATION
- 7.4.2 IMAGE RECOGNITION
- 7.4.3 FACE RECOGNITION
- 7.4.4 VIDEO ANALYTICS
- 7.4.5 OBJECT DETECTION
- 7.4.6 OTHERS IN COMPUTER VISION AS A SERVICE
- 7.5 PREDICTIVE ANALYTICS AND DATA SCIENCE AS A SERVICE (DSAAS)
- 7.5.1 DSAAS SUPPORTS PREDICTIVE ANALYTICS BY PROVIDING COMPANIES WITH ADVANCED ANALYTICAL CAPABILITIES THAT DO NOT REQUIRE INTERNAL EXPERTISE
- 7.5.2 OPERATIONAL INTELLIGENCE
- 7.5.3 SUPPLY CHAIN ANALYTICS
- 7.5.4 PREDICTIVE MAINTENANCE
- 7.5.5 RISK MANAGEMENT
- 7.5.6 OTHERS IN PREDICTIVE ANALYTICS AND DATA SCIENCE AS A SERVICE
- 7.6 GENERATIVE AI AS A SERVICE
- 7.6.1 GENERATIVE AI AS A SERVICE PLATFORMS CAN ALSO SERVE AS RESOURCES FOR DATA AUGMENTATION, UTILIZING AI-CREATED SAMPLES TO IMPROVE TRAINING DATASETS FOR ML MODELS
- 7.6.2 CODE GENERATION & SOFTWARE DEVELOPMENT
- 7.6.3 CONTENT CREATION
- 7.6.4 FRAUD DETECTION
- 7.6.5 CONTENT MODERATION
- 7.6.6 DATA EXTRACTION
- 7.6.7 OTHERS IN GENERATIVE AI AS A SERVICE
8 AI AS A SERVICE MARKET, BY BUSINESS FUNCTION
- 8.1 INTRODUCTION
- 8.1.1 BUSINESS FUNCTION: AI AS A SERVICE MARKET DRIVERS
- 8.2 FINANCE
- 8.2.1 AI TO RESHAPE FINANCIAL SECTOR BY AUTOMATING TASKS, ENHANCING COMPLIANCE WITH ADVANCED DATA ANALYSIS, AND ENABLING CUSTOMIZED CUSTOMER ENGAGEMENTS
- 8.3 MARKETING
- 8.3.1 AI TO REVOLUTIONIZE MARKETING TRENDS THROUGH HYPER-PERSONALIZATION, PREDICTIVE ANALYTICS, AND REAL-TIME DECISION-MAKING
- 8.4 SALES
- 8.4.1 AIAAS PLATFORMS TO OFFER IMMEDIATE UNDERSTANDING OF CUSTOMER ACTIONS, ALLOWING SALES TEAMS TO CUSTOMIZE THEIR SALES PITCHES AND PROMOTIONS
- 8.5 OPERATIONS & SUPPLY CHAIN
- 8.5.1 AI-DRIVEN PREDICTIVE ANALYSIS TO RECOGNIZE POSSIBLE INTERRUPTIONS AND RESTRICTIONS IN SUPPLY NETWORK, ALLOWING FOR PREEMPTIVE RISK MANAGEMENT APPROACHES
- 8.6 HUMAN RESOURCES
- 8.6.1 AI PROGRAMS TO ANTICIPATE UPCOMING SKILL DEFICIENCIES, DETECT POSSIBLE TURNOVER CONCERNS, AND SUGGEST SPECIFIC INTERVENTIONS
9 AI AS A SERVICE MARKET, BY ORGANIZATION SIZE
- 9.1 INTRODUCTION
- 9.1.1 ORGANIZATION SIZE: AI AS A SERVICE MARKET DRIVERS
- 9.2 SMALL & MEDIUM-SIZED ENTERPRISES
- 9.2.1 SMES CAN USE GENERATIVE AIAAS IN AUTOMATING CUSTOMER SERVICE OR IN ANALYZING HUGE DATASETS
- 9.3 LARGE ENTERPRISES
- 9.3.1 AIAAS MODEL ENABLES QUICK DEPLOYMENT AND INTEGRATION OF AI CAPABILITIES, WHICH IS CRUCIAL FOR LARGE ENTERPRISES LOOKING TO STAY COMPETITIVE
10 AI AS A SERVICE MARKET, BY END USER
- 10.1 INTRODUCTION
- 10.1.1 END USER: AI AS A SERVICE MARKET DRIVERS
- 10.2 ENTERPRISES
- 10.2.1 BFSI
- 10.2.1.1 AIaaS and blockchain to create secure, transparent transactions in BFSI domain
- 10.2.2 RETAIL & E-COMMERCE
- 10.2.2.1 Advancements in machine learning, natural language processing, and computer vision technologies to drive retail & e-commerce market growth
- 10.2.3 TECHNOLOGY
- 10.2.3.1 AIaaS to enable technology firms to rapidly test new concepts and applications by offering pre-built algorithms and models
- 10.2.4 MEDIA & ENTERTAINMENT
- 10.2.4.1 Media companies to use ML algorithms to analyze viewer preferences and behaviors to provide personalized content suggestions
- 10.2.5 MANUFACTURING
- 10.2.5.1 In manufacturing, predictive maintenance capability to be one of key benefits gained from AIaaS implementation
- 10.2.6 HEALTHCARE & LIFE SCIENCES
- 10.2.6.1 AIaaS to help address critical challenges in patient care, diagnostics, and drug development
- 10.2.7 ENERGY & UTILITIES
- 10.2.7.1 Data obtained from sensors and smart meters to allow energy suppliers to determine system inefficiencies by using AI
- 10.2.8 GOVERNMENT & DEFENSE
- 10.2.8.1 AI algorithms to detect potential threats and emerging patterns that need immediate attention by using large amounts of data from different sources
- 10.2.9 TELECOMMUNICATIONS
- 10.2.9.1 Telecom companies can achieve better understanding of customer preferences and behaviors by utilizing advanced ML models
- 10.2.10 TRANSPORTATION & LOGISTICS
- 10.2.10.1 AIaaS allows for route optimization by examining traffic patterns, weather conditions, and delivery windows
- 10.2.11 OTHER ENTERPRISE END USERS
- 10.3 INDIVIDUAL USERS
11 AI AS A SERVICE MARKET, BY REGION
- 11.1 INTRODUCTION
- 11.2 NORTH AMERICA
- 11.2.1 NORTH AMERICA: AI AS A SERVICE MARKET DRIVERS
- 11.2.2 NORTH AMERICA: MACROECONOMIC OUTLOOK
- 11.2.3 US
- 11.2.3.1 Rapid growth and responsible development of AIaaS market in US
- 11.2.4 CANADA
- 11.2.4.1 Canada's strategic growth in AIaaS market: Innovation, investment, and ethical leadership
- 11.3 EUROPE
- 11.3.1 EUROPE: AI AS A SERVICE MARKET DRIVERS
- 11.3.2 EUROPE: MACROECONOMIC OUTLOOK
- 11.3.3 UK
- 11.3.3.1 UK's leadership in AIaaS Market: Innovation, safety, and sustainable growth
- 11.3.4 GERMANY
- 11.3.4.1 Germany's focus on ethical AI practices positions it well for continued growth in AIaaS market
- 11.3.5 FRANCE
- 11.3.5.1 France's emphasis on ethical AI practices and regulatory frameworks to foster trust among businesses and consumers
- 11.3.6 ITALY
- 11.3.6.1 Digital Future for Italy is document that will help government officials and businesspersons shape their policies
- 11.3.7 SPAIN
- 11.3.7.1 Spanish government has recognized transformative potential of AI and developed national strategy
- 11.3.8 REST OF EUROPE
- 11.4 ASIA PACIFIC
- 11.4.1 ASIA PACIFIC: AI AS A SERVICE MARKET DRIVERS
- 11.4.2 ASIA PACIFIC: MACROECONOMIC OUTLOOK
- 11.4.3 CHINA
- 11.4.3.1 China's use of Nvidia chips via Azure and Google Clouds highlights its ability to leverage global resources
- 11.4.4 INDIA
- 11.4.4.1 Growth of AIaaS market in India driven by combination of government initiatives and technological innovation
- 11.4.5 JAPAN
- 11.4.5.1 Government has recognized potential of AI to address demographic challenges and has implemented policies
- 11.4.6 SOUTH KOREA
- 11.4.6.1 South Korea introduced "Act on the Development and Distribution of AI" outlining guidelines for safe and ethical use of AI technologies
- 11.4.7 AUSTRALIA & NEW ZEALAND
- 11.4.7.1 Australian and New Zealand governments likely to continue fostering environment conducive to sustainable AI development
- 11.4.8 SINGAPORE
- 11.4.8.1 Singapore government investment will support initiatives that uplift various sectors by integrating AI
- 11.4.9 REST OF ASIA PACIFIC
- 11.5 MIDDLE EAST & AFRICA
- 11.5.1 MIDDLE EAST & AFRICA: AI AS A SERVICE MARKET DRIVERS
- 11.5.2 MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK
- 11.5.3 MIDDLE EAST
- 11.5.3.1 Saudi Arabia
- 11.5.3.1.1 Saudi Arabia to be global leader in AI by fostering innovation, attracting international talent, and creating robust regulatory framework
- 11.5.3.2 UAE
- 11.5.3.2.1 UAE to be well-positioned to capitalize on growing demand for AIaaS by driving economic growth while addressing societal challenges through innovative AI applications
- 11.5.3.3 QATAR
- 11.5.3.3.1 Qatar's commitment to diversifying its economy beyond oil and gas leading to significant initiatives aimed at integrating AI technologies across sectors
- 11.5.3.4 Turkey
- 11.5.3.4.1 Turkish AI ecosystem to benefit from international collaborations, such as the recent global initiatives led by Turkish Artificial Intelligence Initiative (TRAI)
- 11.5.3.5 Rest of Middle East
- 11.5.4 AFRICA
- 11.6 LATIN AMERICA
- 11.6.1 LATIN AMERICA: AI AS A SERVICE MARKET DRIVERS
- 11.6.2 LATIN AMERICA: MACROECONOMIC OUTLOOK
- 11.6.3 BRAZIL
- 11.6.3.1 Brazilian government has unveiled USD 4 billion initiative aimed at accelerating AI development
- 11.6.4 MEXICO
- 11.6.4.1 Vibrant startup ecosystem and increasing collaboration between government and private enterprises to drive growth of AIaaS market in Mexico
- 11.6.5 ARGENTINA
- 11.6.5.1 TIVIT announced investment of 1.5 billion pesos to promote AI and technological innovation in Argentina
- 11.6.6 REST OF LATIN AMERICA
12 COMPETITIVE LANDSCAPE
- 12.1 OVERVIEW
- 12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
- 12.3 REVENUE ANALYSIS
- 12.4 MARKET SHARE ANALYSIS
- 12.4.1 MARKET RANKING ANALYSIS
- 12.5 PRODUCT COMPARATIVE ANALYSIS
- 12.5.1 PRODUCT COMPARATIVE ANALYSIS, BY AI AS A SERVICE
- 12.5.1.1 Amazon SageMaker (AWS)
- 12.5.1.2 Vertex AI Studio (Google)
- 12.5.1.3 Azure AI Studio (Microsoft)
- 12.5.1.4 Watson Studio (IBM)
- 12.5.1.5 Oracle Code Assist (Oracle)
- 12.6 COMPANY VALUATION AND FINANCIAL METRICS
- 12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
- 12.7.1 STARS
- 12.7.2 EMERGING LEADERS
- 12.7.3 PERVASIVE PLAYERS
- 12.7.4 PARTICIPANTS
- 12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
- 12.7.5.1 Company Footprint
- 12.7.5.2 Region Footprint
- 12.7.5.3 Business Function Footprint
- 12.7.5.4 Product Type Footprint
- 12.7.5.5 End User Footprint
- 12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
- 12.8.1 PROGRESSIVE COMPANIES
- 12.8.2 RESPONSIVE COMPANIES
- 12.8.3 DYNAMIC COMPANIES
- 12.8.4 STARTING BLOCKS
- 12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
- 12.8.5.1 Detailed List of Key Startups/SMEs
- 12.8.5.2 Competitive Benchmarking Of Key Startups/SMEs
- 12.9 COMPETITIVE SCENARIO AND TRENDS
- 12.9.1 PRODUCT LAUNCHES AND ENHANCEMENTS
- 12.9.2 DEALS
13 COMPANY PROFILES
- 13.1 INTRODUCTION
- 13.1.1 MICROSOFT
- 13.1.1.1 Business overview
- 13.1.1.2 Products/Solutions/Services offered
- 13.1.1.3 Recent developments
- 13.1.1.3.1 Product launches and enhancements
- 13.1.1.3.2 Deals
- 13.1.1.4 MnM view
- 13.1.1.4.1 Right to win
- 13.1.1.4.2 Strategic choices
- 13.1.1.4.3 Weaknesses and competitive threats
- 13.1.2 IBM
- 13.1.2.1 Business overview
- 13.1.2.2 Products/Solutions/Services offered
- 13.1.2.3 Recent developments
- 13.1.2.3.1 Product enhancements
- 13.1.2.3.2 Deals
- 13.1.2.4 MnM view
- 13.1.2.4.1 Right to win
- 13.1.2.4.2 Strategic choices
- 13.1.2.4.3 Weaknesses and competitive threats
- 13.1.3 SAP
- 13.1.3.1 Business overview
- 13.1.3.2 Products/Solutions/Services offered
- 13.1.3.3 Recent developments
- 13.1.3.3.1 Product launches and enhancements
- 13.1.3.3.2 Deals
- 13.1.3.4 MnM view
- 13.1.3.4.1 Right to win
- 13.1.3.4.2 Strategic choices
- 13.1.3.4.3 Weaknesses and competitive threats
- 13.1.4 AWS
- 13.1.4.1 Business overview
- 13.1.4.2 Solutions/Services offered
- 13.1.4.3 Recent developments
- 13.1.4.3.1 Product launches and enhancements
- 13.1.4.3.2 Deals
- 13.1.4.4 MnM view
- 13.1.4.4.1 Right to win
- 13.1.4.4.2 Strategic choices
- 13.1.4.4.3 Weaknesses and competitive threats
- 13.1.5 GOOGLE
- 13.1.5.1 Business overview
- 13.1.5.2 Products/Solutions/Services offered
- 13.1.5.3 Recent developments
- 13.1.5.3.1 Product enhancements
- 13.1.5.3.2 Deals
- 13.1.5.4 MnM view
- 13.1.5.4.1 Right to win
- 13.1.5.4.2 Strategic choices
- 13.1.5.4.3 Weaknesses and competitive threats
- 13.1.6 SALESFORCE
- 13.1.6.1 Business overview
- 13.1.6.2 Products/Solutions/Services offered
- 13.1.6.3 Recent developments
- 13.1.6.3.1 Product enhancements
- 13.1.6.3.2 Deals
- 13.1.7 ORACLE
- 13.1.7.1 Business overview
- 13.1.7.2 Products/Solutions/Services offered
- 13.1.7.3 Recent developments
- 13.1.7.3.1 Product enhancements
- 13.1.7.3.2 Deals
- 13.1.8 NVIDIA
- 13.1.8.1 Business overview
- 13.1.8.2 Products/Solutions/Services offered
- 13.1.8.3 Recent developments
- 13.1.8.3.1 Product launches and enhancements
- 13.1.8.3.2 Deals
- 13.1.9 FICO
- 13.1.9.1 Business overview
- 13.1.9.2 Products/Solutions/Services offered
- 13.1.9.3 Recent developments
- 13.1.9.3.1 Product enhancements
- 13.1.9.3.2 Deals
- 13.1.10 CLOUDERA
- 13.1.10.1 Business overview
- 13.1.10.2 Products/Solutions/Services offered
- 13.1.10.3 Recent developments
- 13.1.10.3.1 Product enhancements
- 13.1.10.3.2 Deals
- 13.1.11 SERVICENOW
- 13.1.12 HPE
- 13.1.13 ALTAIR
- 13.1.14 OPENAI
- 13.1.15 SAS INSTITUTE
- 13.1.16 DATAROBOT
- 13.1.17 DATABRICKS
- 13.1.18 C3 AI
- 13.1.19 H20.AI
- 13.1.20 ALIBABA CLOUD
- 13.2 STARTUP/SME PROFILES
- 13.2.1 RAINBIRD TECHNOLOGIES
- 13.2.2 BIGML
- 13.2.3 COHERE
- 13.2.4 GLEAN
- 13.2.5 YOTTAMINE ANALYTICS
- 13.2.6 SCALE AI
- 13.2.7 LANDING AI
- 13.2.8 YELLOW.AI
- 13.2.9 INFLECTION AI
- 13.2.10 ANYSCALE
- 13.2.11 ABRIDGE
- 13.2.12 MISTRAL AI
- 13.2.13 CODEIUM
- 13.2.14 ARTHUR
- 13.2.15 LEVITY AI
- 13.2.16 UNSTRUCTURED AI
- 13.2.17 CLARIFAI
- 13.2.18 SYNTHESIA
- 13.2.19 KATONIC AI
- 13.2.20 DEEPSEARCH
- 13.2.21 MINDTITAN
- 13.2.22 VISO.AI
- 13.2.23 SOFTWEB SOLUTIONS
14 ADJACENT AND RELATED MARKETS
- 14.1 INTRODUCTION
- 14.2 ARTIFICIAL INTELLIGENCE (AI) MARKET - GLOBAL FORECAST TO 2030
- 14.2.1 MARKET DEFINITION
- 14.2.2 MARKET OVERVIEW
- 14.2.2.1 Artificial Intelligence Market, By Offering
- 14.2.2.2 Artificial Intelligence Market, By Technology
- 14.2.2.3 Artificial Intelligence Market, By Business Function
- 14.2.2.4 Artificial Intelligence Market, By Vertical
- 14.2.2.5 Artificial Intelligence Market, By Region
- 14.3 GENERATIVE AI MARKET - GLOBAL FORECAST TO 2030
- 14.3.1 MARKET DEFINITION
- 14.3.2 MARKET OVERVIEW
- 14.3.2.1 Generative AI Market, By Offering
- 14.3.2.2 Generative AI Market, By Application
- 14.3.2.3 Generative AI Market, By Vertical
- 14.3.2.4 Generative AI Market, By Region
15 APPENDIX
- 15.1 DISCUSSION GUIDE
- 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 15.3 CUSTOMIZATION OPTIONS
- 15.4 RELATED REPORTS
- 15.5 AUTHOR DETAILS