DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence as a Service Market by Service Type (Software Tools and Services), Technology (Machine Learning and Deep Learning, and Natural Language Processing), Organization Size, Vertical, and Region - Global Forecast 2023" report has been added to ResearchAndMarkets.com's offering.
The global Artificial Intelligence as a service market is expected to grow from USD 1.52 Billion in 2018 to USD 10.88 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 48.2% during the forecast period.
The major factors that are expected to drive the AI as a service market are the growing demand for AI-powered services in the form of Application Programming Interface (API) and Software Development Kit (SDK) and growing number of innovative startups.
Among services, the software tools services segment is expected to hold the larger market size during the forecast period.
Among technologies, the machine learning and deep learning technology segment is expected to hold the larger market size, whereas the natural language processing technology is expected to grow at a higher CAGR during the forecast period.
The large enterprises segment is expected to hold the larger market size, whereas Small and Medium-sized Enterprises (SMEs) are expected to grow at a higher CAGR during the forecast period.
For verticals, the BFSI vertical is expected to be the highest contributor to the market size of the AI as a service market. Whereas the healthcare and life sciences vertical is expected to grow at the highest CAGR during the forecast period. Both verticals are adopting AI as a service to analyze large volumes of data generated from various business processes.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 AI as a Service Market, By Technology
7 AI as a Service Market, By Organization Size
8 AI as a Service Market, By Service Type
9 AI as a Service Market, By Vertical
10 AI as a Service Market, By Region
11 Competitive Landscape
12 Company Profiles
- Amazon Web Services
- SAS Institute
- IRIS AI
- Vital AI
- Rainbird Technologies
- Sift Science
- Cognitive Scale
- Yottamine Analytics
For more information about this report visit https://www.researchandmarkets.com/research/s6mflm/worldwide?w=4