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Artificial Intelligence as a Service Market Trends

  • Report ID: 3901
  • Published Date: Sep 11, 2024
  • Report Format: PDF, PPT

Artificial Intelligence as a Service Market Trends

Growth Drivers

  • Growing Adoption of Artificial Intelligence Globally
  • Rising Adoption of Industry 5.0 amongst the End-Users

Challenges

  • Lack of Technically Skilled Workforce
  • High Initial Investment in the Industry

Artificial Intelligence as a Service Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

40.3%

Base Year Market Size (2023)

USD 9.52 billion

Forecast Year Market Size (2036)

USD 776.94 billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Abhishek Verma


  • Report ID: 3901
  • Published Date: Sep 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing adoption of artificial intelligence globally is estimated to boost the market growth.

The market is anticipated to attain a CAGR of ~49% over the forecast period, i.e., 2022 – 2031.

The major players in the market are Intel Corporation, Baidu, Inc., Fair Isaac Corporation (FICO), SAS Institute, BigML, Inc., Microsoft Corporation, International Business Machines Corporation, Rockwell Automation Inc., and others.
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