Global Artificial Intelligence as a Service Market Overview:
Artificial Intelligence as a Service (AIaaS) 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. AIaaS 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 as a Service.
- Expenditure on Artificial Intelligence and Technological Advancement for Workflow Optimization
- Increasing Demand for Enhancing Consumer Experience
- Risks Associated with Data Breaches And Hacks
- Interoperability Issues
- Increased Application Areas and Growth in Demand for IoT
- Lack of Skilled Professionals
Some of the key players profiled in the report are 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), H2o.AI (United States), Absolutdata (United States), Vital AI (United States), Rainbird Technologies (United Kingdom) and Craft.AI (France). Additionally, following companies can also be profiled that are part of our coverage like Centurysoft (India), Datarobot (United States), Sift Science Inc. (United States) and Cognitive Scale (United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Artificial Intelligence as a Service market by 2025. Considering Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Artificial Intelligence as a Service market. Considering Market by Technology, the sub-segment i.e. Machine Learning & Deep Learning will boost the Artificial Intelligence as a Service market. Considering Market by Organisation Size, the sub-segment i.e. SMEs will boost the Artificial Intelligence as a Service market.
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.
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Artificial Intelligence as a Service market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Artificial Intelligence as a Service market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Technology 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.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.