Albany, NY -- (SBWire) -- 03/09/2019 --Verticals in the AI as a service market include Banking, Financial Services, and Insurance (BFSI), healthcare and life sciences, retail, telecommunications, government and defense, manufacturing, energy, and others (Education, Agriculture, Transportation, and Media and Entertainment). AI as a service helps various verticals easily integrate AI capabilities with their business applications. Moreover, by leveraging the benefits of AI as a service, verticals can focus more on the enhancement of their business processes and formulation of growth strategies, rather than worrying about costs related to the purchase and maintenance of AI-powered platforms and tools.
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The growing demand for AI-powered services in the form of Application Programming Interface (API) and Software Development Kit (SDK) and increasing number of innovative startups are some of the major factors that are driving the growth of the AI as a service market. The demand for intelligent business processes is growing across verticals to enhance the overall experience that is delivered to their customers. Organizations are therefore focusing on integrating AI capabilities with their existing business applications. However, the process of building APIs is time- consuming. Hence, various verticals are focused toward the adoption of easily available AI-powered APIs and machine learning models to solve their business problems.
In 2018, the global Artificial Intelligence Service market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Artificial Intelligence Service status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Artificial Intelligence Service development in United States, Europe and China.
The key players covered in this study
International Business Machines
SAP
Google
Amazon
Salesforce
Intel
Baidu
Fair Isaac Corporation(FICO)
SAS Institute(US)
Market segment by Type, the product can be split into
Software Tools
Services
Market segment by Application, split into
BFSI
Telecommunications and IT
Retail and E-Commerce
Government and Defense
Healthcare
Manufacturing
Energy and Utilities
Construction and Engineering
Others
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Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze and study the global Artificial Intelligence Service capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
Focuses on the key Artificial Intelligence Service manufacturers, to study the capacity, production, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Artificial Intelligence Service are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders
Artificial Intelligence Service Manufacturers
Artificial Intelligence Service Distributors/Traders/Wholesalers
Artificial Intelligence Service Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Global Artificial Intelligence Service Market Exploring Future Growth and Trends by 2019-2025: SAP, Google, Amazon, Intel, Baidu
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