What is AI In Platform As A Service Market Scope?
AI In Platform As A Service refers to the third-party offering of artificial intelligence outsourcing. This allows the company to get the advantage of AI without spending lots of money. AI In Platform As A Service helps empower the sampling of multiple public cloud platforms to test different machine learning algorithms. The rise in the adoption of cloud-based solutions and technological advancement for workflow optimization is driving the demand for Artificial Intelligence in platform as a Service.
The AI In Platform As A Service market study is being classified, by Application (BFSI, Healthcare and Life Sciences, Retail, Telecommunications, Government and defense, Manufacturing, Energy and Others) and major geographies with country level break-up.
The key market players are adopting various strategies such as product launch and product innovation, to expand their existing product portfolio and maintain competitiveness in the rapidly growing AI marketspace. Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global AI In Platform As A Service market throughout the predicted period.
IBM (United States), Google (United States), Amazon Web Services (United States), Microsoft (United States), Salesforce (United States), FICO (United States), SAS Institute (United States), Intel (United States), SAP (Germany) and H2o.AI (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Absolutdata (United States), Vital AI (United States), Rainbird Technologies (United Kingdom) and Craft.AI (France).
Analyst at AMA have segmented the market study of Global AI In Platform As A Service market by Type, Application and Region.
On the basis of geography, the market of AI In Platform As A Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In March 2019, Bengaluru based EdTech company, CarveNiche Technologies entered into a strategic partnership with Microsoft for its customizable Math learning solution. The program titled- beGalileo, allows students from class 1 to 10 to learn maths using Artificial Intelligence. With the hosting on the Microsoft Azure cloud, the solution will now be easily accessible to students and schools, on any device, from anywhere around the globe. In March 2019, McDonald announced the acquisition of Dynamic Yield, an artificial intelligence company based in New York and Tel Aviv, for USD 300 million. The acquisition will give Mcdonald's data on what purchases are most popular with consumers, and help it design solutions for a more customized experience.
Influencing Market Trend
- Adoption of Advanced Robotic Technology
- Introduction of IOT Based Technology
- Expenditure on Artificial Intelligence and Technological Advancement for Workflow Optimization
- Increasing Demand for Enhancing Consumer Experience
- Increased Application Areas and Growth in Demand for AI
- Risks Associated with Data Breaches And Hacks
- Interoperability Issues
- Lack of Skilled Professionals
Key Target AudienceTechnology Investors, Cloud Vendors, Managed Service Providers, Data Quality Service Providers, System Integrators, Data Integration Service Providers, Application Design & Development Service Providers, Training & Education Service Providers, Research/Consultancy firms, Consulting Firms/ Advisory Firms, Government Bodies and Third-party vendors
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