Albany, NY -- (SBWIRE) -- 11/19/2018 -- DSSTNE of Amazon. Artificial intelligence as a Service (AIaaS) faces challenges such as exposure to security treats. Artificial Intelligence depends on massive amounts of data, which is shared with third-party vendors. Data storage and access and data transit to servers needs to be secured to ensure the data security. Data governance in some countries or industries may limit how data is stored in a cloud, which may prohibit use of certain types of AIaaS offerings. However, increasing application areas of artificial intelligence offers a significant growth opportunity for the Artificial Intelligence as a Service market.

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The global Artificial Intelligence as a Service market can be segmented based on service type, application, end-use industry, enterprise size, and region. In terms of service type, the Artificial Intelligence as a Service market can be classified into software/platform, bots and digital assistance, cognitive computing APIs, machine learning frameworks, and fully managed services. Based on enterprise size, the Artificial Intelligence as a Service market can be bifurcated into small & medium enterprises (SMEs) and large enterprises. In terms of end-use industry, the Artificial Intelligence as a Service market can be categorized into Banking, Financial Services, and Insurance (BFSI), IT and telecom, gaming and consumer electronics, education, automotive and transportation, healthcare, manufacturing, power sector, government, oil and gas, entertainment, defense and aerospace. Based on application, the Artificial Intelligence as a Service market is segmented into smart robots, image recognition, digital personal assistant, gesture control, video analysis, speech recognition, and others.

Based on region, the global Artificial Intelligence as a Service market can be categorized into North America, Asia Pacific, Middle East & Africa, South America, and Europe. North America dominates the Artificial Intelligence as a Service market and is expected to hold large share of the market over the forecast period due to emerging technological developments in Artificial Intelligence (AI) and machine learning across all the industry sectors.

Key players operating in the global Artificial Intelligence as a Service market include Apple, Inc., Salesforce.com, Inc., Amazon Web Services, Inc., IBM Corporation, SAP SE, Google, Inc., Fair Isaac Corporation (FICO), Microsoft Corporation, SAS Institute, Inc., Baidu, Inc., BigML, Inc., Cognitive Scale, and Intel Corporation. These players are focusing on acquisitions and strategic collaboration to enhance their technical capabilities and to establish an early stranglehold on the artificial intelligence as a service market.

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