Artificial Intelligence-as-a-Service (AIaaS) Market 2019-2023 | Need to Reduce AI Cost to Boost Growth | Technavio

Technavio has been monitoring the artificial intelligence-as-a-service (AIaaS) market and it is poised to grow by USD 15.14 billion during 2019-2023, progressing at a CAGR of over 48% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request latest free sample report of 2020-2024

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Technavio has announced its latest market research report titled Global Artificial Intelligence-as-a-Service (AIaaS) Market 2020-2024 (Graphic: Business Wire)

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants. Need to reduce AI cost will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Need to reduce AI cost has been instrumental in driving the growth of the market.

Artificial Intelligence-as-a-Service (AIaaS) Market 2019-2023 : Segmentation

Artificial Intelligence-as-a-Service (AIaaS) Market is segmented as below:

  • End-user
    • Retail and healthcare
    • BFSI
    • Telecommunications
    • Government and defense
    • Others
  • Geographic Landscape
    • North America
    • APAC
    • Europe
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download latest free sample report of 2020-2024: https://www.technavio.com/talk-to-us?report=IRTNTR30279

Artificial Intelligence-as-a-Service (AIaaS) Market 2019-2023 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our artificial intelligence-as-a-service (AIaaS) market report covers the following areas:

  • Artificial Intelligence-as-a-Service (AIaaS) Market Size
  • Artificial Intelligence-as-a-Service (AIaaS) Market Trends
  • Artificial Intelligence-as-a-Service (AIaaS) Market Industry Analysis

This study identifies use of AIaaS for human interaction with machines using Natural Language Processing (NLP) as one of the prime reasons driving the artificial intelligence-as-a-service (AIaaS) market growth during the next few years.

Artificial Intelligence-as-a-Service (AIaaS) Market 2019-2023 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the Artificial Intelligence-as-a-Service (AIaaS) Market, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the Artificial Intelligence-as-a-Service (AIaaS) Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Artificial Intelligence-as-a-Service (AIaaS) Market 2019-2023 : Key Highlights

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will assist Artificial Intelligence-as-a-Service (AIaaS) market growth during the next five years
  • Estimation of the Artificial Intelligence-as-a-Service (AIaaS) market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behaviour
  • The growth of the Artificial Intelligence-as-a-Service (AIaaS) market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Artificial Intelligence-as-a-Service (AIaaS) market vendors

Table Of Contents :

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End user placement
  • Retail and healthcare - Market size and forecast 2019-2024
  • BFSI - Market size and forecast 2019-2024
  • Telecommunications - Market size and forecast 2019-2024
  • Government and defense - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by End user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Alphabet Inc.
  • Amazon.com Inc.
  • Apple Inc.
  • Intel Corp.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Oracle Corp.
  • Salesforce.com Inc.
  • SAP SE
  • SAS Institute Inc.

Appendix

Scope of the report

Currency conversion rates for US$

Research methodology

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200410005079/en/

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